JTC PLC Correlations

Stocks . UK . 
Stock . JTC PLC
JTC Stock   1,282  2.00  0.16%   
The current 90-days correlation between JTC PLC and Metals Exploration Plc is -0.05 (i.e., Good diversification). The correlation of JTC PLC 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.

JTC PLC Correlation With Market

Significant diversification

The correlation between JTC PLC and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JTC PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to JTC PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JTC PLC 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 JTC PLC - 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 JTC PLC to buy it.

Moving against JTC Stock

  0.750L4F Sealed Air CorpPairCorr
  0.680MJK Erste Group BankPairCorr
  0.660N4T Nordea Bank AbpPairCorr
  0.64IDHC Integrated DiagnosticsPairCorr
  0.56CAML Central Asia MetalsPairCorr
  0.520LIU United Airlines HoldingsPairCorr
  0.5RIGD Reliance IndustriesPairCorr
  0.48ESO EPE Special OpportunitiesPairCorr
  0.40Y5F Endo International PLCPairCorr
  0.37SBID State BankPairCorr
  0.37SLP Sylvania PlatinumPairCorr
  0.37SAN SANTANDER UK 10PairCorr
  0.36OGN Origin Enterprises PlcPairCorr
  0.33BC94 Samsung ElectronicsPairCorr
  0.32SMSN Samsung ElectronicsPairCorr
  0.74GAW Games Workshop GroupPairCorr
  0.70FGH Norwegian Air ShuttlePairCorr
  0.67BRLA BlackRock Latin AmericanPairCorr
  0.640HPH Brighthouse FinancialPairCorr
  0.640RIH Alphabet Class APairCorr
  0.61STAN Standard Chartered PLCPairCorr
  0.61BNC Banco Santander SAPairCorr
  0.590QYU Morgan StanleyPairCorr
  0.590QM2 Berner KantonalbankPairCorr
  0.550UKI Bank of NovaPairCorr
  0.52NBPU NB Private EquityPairCorr

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

0R8S
+ 0.78
0N7I
0R8S
+ 0.76
0LO9
0LO9
+ 0.53
0N7I
0LO9
+ 0.52
MTL
RSG
+ 0.5
MTL
0R8S
+ 0.27
MTL
  

High negative correlations

0R8S
- 0.3
RSG
0R8S
- 0.29
0R6V
0N7I
- 0.29
RSG
0R6V
- 0.21
0LO9
0R6V
- 0.17
0N7I
0R8S
- 0.0
DFIB

Risk-Adjusted Indicators

There is a big difference between JTC Stock performing well and JTC PLC 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 JTC PLC'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 JTC PLC 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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JTC PLC Corporate Management

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