Metro Performance Correlations
| MPP Stock | 0.04 0.00 0.00% |
The current 90-days correlation between Metro Performance Glass and Australian Agricultural is -0.1 (i.e., Good diversification). The correlation of Metro Performance 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Metro Performance Correlation With Market
Very poor diversification
The correlation between Metro Performance Glass and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metro Performance Glass and DJI in the same portfolio, assuming nothing else is changed.
Metro |
The ability to find closely correlated positions to Metro Performance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metro Performance 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 Metro Performance - 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 Metro Performance Glass to buy it.
Moving together with Metro Stock
| 0.86 | DYL | Deep Yellow | PairCorr |
| 0.69 | RFF | Rural Funds Group | PairCorr |
| 0.77 | BSL | Bluescope Steel | PairCorr |
| 0.79 | JHX | James Hardie Industries | PairCorr |
| 0.87 | AN3PK | Australia and New | PairCorr |
| 0.69 | NWM | Norwest Minerals | PairCorr |
| 0.61 | GNP | Genusplus Group | PairCorr |
| 0.61 | BGT | Bio Gene Technology | PairCorr |
| 0.81 | ELT | Elementos | PairCorr |
| 0.88 | MQG | Macquarie Group | PairCorr |
| 0.9 | CR9 | Corella Resources | PairCorr |
| 0.66 | GMD | Genesis Minerals | PairCorr |
| 0.75 | CKA | Cokal | PairCorr |
| 0.81 | RF1 | Regal Investment | PairCorr |
| 0.72 | WR1 | Winsome Resources | PairCorr |
| 0.77 | RRL | Regis Resources | PairCorr |
| 0.8 | CVV | Caravel Minerals | PairCorr |
| 0.67 | EVZ | EVZ | PairCorr |
| 0.67 | TKM | Trek Metals | PairCorr |
| 0.88 | SFR | Sandfire Resources | PairCorr |
| 0.78 | RHI | Red Hill Minerals | PairCorr |
| 0.91 | RSG | Resolute Mining | PairCorr |
| 0.75 | QAN | Qantas Airways | PairCorr |
| 0.85 | AUI | Australian United | PairCorr |
| 0.69 | CBAPM | Commonwealth Bank | PairCorr |
Moving against Metro Stock
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
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Risk-Adjusted Indicators
There is a big difference between Metro Stock performing well and Metro Performance 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 Metro Performance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IXJ | 0.70 | (0.12) | 0.00 | (0.33) | 0.00 | 1.42 | 4.44 | |||
| AHF | 3.27 | (0.26) | 0.00 | 0.93 | 0.00 | 5.71 | 26.34 | |||
| VMS | 10.46 | 2.91 | 0.14 | 3.13 | 11.42 | 15.79 | 238.73 | |||
| EMB | 0.03 | (0.02) | 0.00 | (2.30) | 0.00 | 0.00 | 0.61 | |||
| AAC | 1.02 | (0.07) | 0.00 | (0.25) | 0.00 | 2.22 | 5.84 | |||
| IFRA | 0.49 | 0.14 | 0.10 | 2.09 | 0.44 | 1.09 | 2.98 | |||
| ERA | 12.03 | 1.64 | 0.07 | (3.33) | 12.32 | 25.00 | 75.00 | |||
| IMU | 2.94 | (0.22) | 0.00 | 0.49 | 0.00 | 6.06 | 21.80 | |||
| ANR | 3.91 | (0.05) | 0.00 | 0.05 | 5.16 | 10.00 | 33.33 | |||
| MRQ | 6.90 | 0.46 | 0.03 | 0.36 | 8.02 | 25.00 | 53.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Metro Performance 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?
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Transaction HistoryView history of all your transactions and understand their impact on performance |
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Metro Performance Corporate Management
Elected by the shareholders, the Metro Performance's board of directors comprises two types of representatives: Metro Performance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metro. The board's role is to monitor Metro Performance's management team and ensure that shareholders' interests are well served. Metro Performance'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, Metro Performance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Angus Wilson | General Operations | Profile | |
| Nick Johnson | Chief Officer | Profile | |
| Tracy Taylor | Company Sec | Profile | |
| Liam Hunt | Company Secretary | Profile | |
| CA BCA | Chief Officer | Profile |