Investec Correlations

Stocks . Germany . 
Stock . Investec Group
IVKA Stock  EUR 6.90  0.20  2.82%   
The current 90-days correlation between Investec Group and Tradegate AG Wertpapierhandelsbank is 0.26 (i.e., Modest diversification). The correlation of Investec 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.

Investec Correlation With Market

Poor diversification

The correlation between Investec Group and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investec Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Investec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Investec 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 Investec - 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 Investec Group to buy it.

Moving together with Investec Stock

  0.73S0V SeaboardPairCorr
  0.61WNI WHITE MTNS INSPairCorr
  0.957LB Lotus Bakeries NVPairCorr
  0.9ODF Old Dominion FreightPairCorr
  0.74665 RELO GROUP INCPairCorr
  0.8IMP IMPERIAL OILPairCorr
  0.78SK3 Smurfit Kappa GroupPairCorr
  0.94TQI TELECOM ITALIA Earnings Call This WeekPairCorr
  0.77BRE Banco Bradesco SAPairCorr
  0.81EMD ENM Holdings LimitedPairCorr
  0.961WT WisdomTree InvestmentsPairCorr
  0.61L3XC Centrais ElétricasPairCorr
  0.91W25 West African Resources Earnings Call TodayPairCorr
  0.9SHG Sun Hung KaiPairCorr
  0.85GZM0 FEEDBACK PLC LSPairCorr
  0.7FUCA FANUC PUNSPADR 110PairCorr
  0.84KIN2 Kinross GoldPairCorr
  0.63SQUA VINCI SA EOPairCorr
  0.78CW2 Consolidated WaterPairCorr
  0.9P7T PT Bank PembangunanPairCorr
  0.834OQ1 AGNC Investment CorpPairCorr
  0.8532GA Thunderbird EntertainmentPairCorr
  0.7423J Promis NeurosciencesPairCorr
  0.88TEX Castellum ABPairCorr
  0.84TOTB TotalEnergies SEPairCorr
  0.85KOM1 KOMATSUPairCorr
  0.71CVC1 Carnival plcPairCorr
  0.81R6N Retail Estates NVPairCorr
  0.62D2G Orsted ASPairCorr
  0.79TGR YUM BRANDSPairCorr
  0.63DWNI Deutsche Wohnen SEPairCorr

Moving against Investec Stock

  0.51BRH Berkshire HathawayPairCorr
  0.4906L PT Global MediacomPairCorr
  0.73DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis


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

7FZ
+ 0.8
O3I
JUU
+ 0.69
T2G
FOO
+ 0.63
02G
7FZ
+ 0.58
HKU
FOO
+ 0.5
T2G
02G
+ 0.43
SRI
  

High negative correlations

FOO
- 0.88
HKU
FOO
- 0.77
7FZ
JUU
- 0.7
O3I
O3I
- 0.65
T2G
FOO
- 0.56
O3I
02G
- 0.56
O3I

Risk-Adjusted Indicators

There is a big difference between Investec Stock performing well and Investec 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 Investec'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Investec 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.

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Investec Corporate Management

Elected by the shareholders, the Investec's board of directors comprises two types of representatives: Investec inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Investec. The board's role is to monitor Investec's management team and ensure that shareholders' interests are well served. Investec'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, Investec's outside directors are responsible for providing unbiased perspectives on the board's policies.
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