EFU General Correlations

EFUG Stock

125.89 4.57 3.50%

The current 90-days correlation between EFU General Insurance and Habib Bank is 0.29 (i.e., Modest diversification). The correlation of EFU General 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.

EFU General Correlation With Market

Good diversification

The correlation between EFU General Insurance and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EFU General Insurance and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EFU General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EFU General 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 EFU General - 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 EFU General Insurance to buy it.

Moving together with EFU Stock

0.79	FFL	Fauji Foods	Pair Corr
0.81	LOADS	Loads	Pair Corr
0.62	THCCL	Thatta Cement	Pair Corr
0.76	KAPCO	KOT Addu Power	Pair Corr

Moving against EFU Stock

0.34

MSOT

Masood Textile Mills

Pair Corr

Related Correlations Analysis

	HBL	NBP	UBL	MCB	ABL	MEBL	BAHL	BAFL	AKBL	HMB
HBL		0.6	0.88	0.89	0.75	0.87	0.93	0.87	0.91	0.8	HBL
NBP	0.6		0.52	0.64	0.26	0.44	0.59	0.62	0.67	0.38	NBP
UBL	0.88	0.52		0.95	0.86	0.63	0.91	0.93	0.88	0.9	UBL
MCB	0.89	0.64	0.95		0.78	0.69	0.9	0.92	0.89	0.81	MCB
ABL	0.75	0.26	0.86	0.78		0.64	0.88	0.83	0.77	0.91	ABL
MEBL	0.87	0.44	0.63	0.69	0.64		0.81	0.69	0.77	0.66	MEBL
BAHL	0.93	0.59	0.91	0.9	0.88	0.81		0.93	0.91	0.91	BAHL
BAFL	0.87	0.62	0.93	0.92	0.83	0.69	0.93		0.89	0.89	BAFL
AKBL	0.91	0.67	0.88	0.89	0.77	0.77	0.91	0.89		0.8	AKBL
HMB	0.8	0.38	0.9	0.81	0.91	0.66	0.91	0.89	0.8		HMB
	HBL	NBP	UBL	MCB	ABL	MEBL	BAHL	BAFL	AKBL	HMB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between EFU Stock performing well and EFU General 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 EFU General'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
HBL	1.57	0.21	0.08	0.67	1.46	(1.91)	4.13	(2.40)	11.38
NBP	1.91	0.22	0.09	0.35	2.14	(2.30)	5.34	(3.38)	15.75
UBL	1.17	0.56	0.39	(1.11)	0.30	(1.43)	3.19	(1.72)	7.44
MCB	1.23	0.33	0.18	1.08	1.11	(1.50)	3.80	(2.26)	8.86
ABL	0.98	0.21	0.06	(1.02)	1.01	(1.11)	2.19	(1.89)	7.82
MEBL	1.07	0.13	0.06	0.43	0.83	(1.44)	2.70	(1.49)	7.58
BAHL	1.23	0.39	0.25	2.79	0.74	(1.43)	2.50	(1.52)	8.07
BAFL	1.49	0.34	0.22	0.87	1.01	(2.28)	3.24	(2.40)	9.20
AKBL	1.30	0.28	0.11	0.94	1.52	(1.51)	3.18	(3.61)	9.01
HMB	1.00	0.32	0.15	(5.47)	0.85	(1.20)	2.32	(1.72)	6.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in EFU General 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 Financial Widgets Now

Financial Widgets

Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC