CSL Correlations
| CSJ Stock | EUR 96.94 1.24 1.26% |
The current 90-days correlation between CSL Limited and OPERA SOFTWARE is 0.05 (i.e., Significant diversification). The correlation of CSL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
CSL Correlation With Market
Significant diversification
The correlation between CSL Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSL Limited and DJI in the same portfolio, assuming nothing else is changed.
CSL |
The ability to find closely correlated positions to CSL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CSL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CSL Limited to buy it.
Moving together with CSL Stock
| 0.79 | NOVA | Novo Nordisk AS | PairCorr |
| 0.99 | CSJA | CSL LTD SPONADR | PairCorr |
| 0.62 | 1FW1 | WUXI BIOLOGICS UNSPADR2 | PairCorr |
Moving against CSL Stock
| 0.83 | PQ9 | BANK MANDIRI | PairCorr |
| 0.8 | MBG | Mercedes Benz Group | PairCorr |
| 0.6 | VX1 | Vertex Pharmaceuticals | PairCorr |
| 0.6 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.33 | BYRA | PT Bank Rakyat | PairCorr |
| 0.79 | TWH | Twilio Inc | PairCorr |
| 0.77 | PAR | Parker Hannifin | PairCorr |
| 0.76 | APC | Apple Inc | PairCorr |
| 0.72 | CIS | Cisco Systems | PairCorr |
| 0.71 | FDO | Macys Inc | PairCorr |
| 0.64 | DNE | Downer EDI Limited | PairCorr |
| 0.62 | 5VB | Vaccibody AS | PairCorr |
| 0.53 | FLI | Flight Centre Travel | PairCorr |
| 0.4 | DUT | Moodys | PairCorr |
| 0.79 | ZSL | SLR Investment Corp | PairCorr |
| 0.68 | C4X | Onxeo SA | PairCorr |
| 0.67 | IC1H | InterContinental Hotels | PairCorr |
| 0.61 | GOS | Goldman Sachs | PairCorr |
| 0.61 | ZYE1 | Addiko Bank AG | PairCorr |
| 0.51 | KGHA | KGHM Polska Miedz | PairCorr |
Related Correlations Analysis
| -0.56 | -0.77 | -0.8 | 0.11 | OS3 | ||
| -0.56 | 0.49 | 0.61 | -0.53 | OSP2 | ||
| -0.77 | 0.49 | 0.88 | -0.05 | 7VS | ||
| -0.8 | 0.61 | 0.88 | -0.08 | GRU | ||
| 0.11 | -0.53 | -0.05 | -0.08 | VTE1 | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between CSL Stock performing well and CSL Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CSL's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OS3 | 1.44 | 0.30 | 0.12 | 1.82 | 1.55 | 3.15 | 9.82 | |||
| OSP2 | 1.42 | (0.15) | 0.00 | (0.19) | 0.00 | 3.95 | 8.88 | |||
| 7VS | 1.52 | (0.11) | 0.00 | 0.23 | 0.00 | 2.61 | 14.12 | |||
| GRU | 1.44 | (0.02) | 0.00 | 0.53 | 0.00 | 3.66 | 9.62 | |||
| VTE1 | 1.76 | 0.24 | 0.08 | 22.88 | 1.69 | 4.23 | 16.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CSL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
CSL Corporate Management
Elected by the shareholders, the CSL's board of directors comprises two types of representatives: CSL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CSL. The board's role is to monitor CSL's management team and ensure that shareholders' interests are well served. CSL's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CSL's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BCom BComm | Chief Officer | Profile | |
| Paul McKenzie | Chief Officer | Profile | |
| Christina Hickie | Sr Communications | Profile | |
| Wilfried Freudenberg | Department Production | Profile | |
| BS BS | Exec Counsel | Profile | |
| MS BA | Ex Officer | Profile | |
| Paul BA | CEO MD | Profile |