Jubilee Platinum Correlations

JBL Stock

100.00 5.00 5.26%

The current 90-days correlation between Jubilee Platinum and Glencore PLC is 0.01 (i.e., Significant diversification). The correlation of Jubilee Platinum 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.

Jubilee Platinum Correlation With Market

Modest diversification

The correlation between Jubilee Platinum and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jubilee Platinum and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jubilee Stock

0.68	S32	South32	Pair Corr
0.61	KP2	Kore Potash Plc	Pair Corr

Moving against Jubilee Stock

0.78	LTE	Lighthouse Capital	Pair Corr
0.6	AEL	Allied Electronics	Pair Corr
0.51	UPL	Universal Partners	Pair Corr
0.51	AEG	Aveng	Pair Corr
0.33	AGL	Anglo American PLC	Pair Corr

Related Correlations Analysis

	GLN	AGL	S32	ARI	JBL	WEZ	KP2	EUZ
GLN		-0.12	0.72	0.94	0.41	0.72	0.7	0.43	GLN
AGL	-0.12		-0.19	-0.12	-0.33	-0.5	-0.47	-0.11	AGL
S32	0.72	-0.19		0.66	0.68	0.65	0.6	0.25	S32
ARI	0.94	-0.12	0.66		0.41	0.77	0.65	0.48	ARI
JBL	0.41	-0.33	0.68	0.41		0.59	0.61	0.32	JBL
WEZ	0.72	-0.5	0.65	0.77	0.59		0.66	0.4	WEZ
KP2	0.7	-0.47	0.6	0.65	0.61	0.66		0.49	KP2
EUZ	0.43	-0.11	0.25	0.48	0.32	0.4	0.49		EUZ
	GLN	AGL	S32	ARI	JBL	WEZ	KP2	EUZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ARI	+ 0.94	GLN
WEZ	+ 0.77	ARI
S32	+ 0.72	GLN
WEZ	+ 0.72	GLN
KP2	+ 0.7	GLN
JBL	+ 0.68	S32

High negative correlations

WEZ	- 0.5	AGL
KP2	- 0.47	AGL
JBL	- 0.33	AGL
S32	- 0.19	AGL
ARI	- 0.12	AGL
AGL	- 0.12	GLN

Risk-Adjusted Indicators

There is a big difference between Jubilee Stock performing well and Jubilee Platinum 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 Jubilee Platinum'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
GLN	1.11	(0.15)	0.00	(3.62)	0.00	0.00	1.72	(2.65)	8.39
AGL	1.40	0.16	0.08	1.84	1.66	(1.49)	3.16	(2.81)	7.57
S32	1.27	(0.11)	0.00	(0.48)	0.00	0.00	2.06	(2.91)	8.47
ARI	1.43	(0.20)	0.00	(1.08)	0.00	0.00	2.46	(3.36)	9.91
JBL	2.72	(0.02)	0.00	0.00	3.30	(4.09)	8.33	(4.31)	24.81
WEZ	3.61	(0.54)	0.00	0.52	0.00	0.00	8.33	(8.70)	27.98
KP2	3.04	(0.15)	0.00	0.12	0.00	0.00	6.78	(7.14)	31.15
EUZ	6.39	0.67	0.03	0.72	9.69	(19.85)	24.49	(23.91)	96.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jubilee Platinum 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 Portfolio Optimization Now

Portfolio Optimization

Compute new portfolio that will generate highest expected return given your specified tolerance for risk

All Next

Launch Module

Jubilee Platinum Corporate Management

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

Bertus Merwe	Head Operations	Profile
Peet Coller	Group Officer	Profile
Johan Meyer	Head Projects	Profile
Frans Beer	Head Operations	Profile
Pedja Kovacevic	Chief Officer	Profile

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