MSAD Insurance Correlations

MSADF Stock

USD 22.70 1.14 4.78%

The current 90-days correlation between MSAD Insurance Group and Fairfax Financial Holdings is 0.13 (i.e., Average diversification). The correlation of MSAD Insurance 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.

MSAD Insurance Correlation With Market

Very good diversification

The correlation between MSAD Insurance Group and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MSAD Insurance Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MSAD Pink Sheet

0.67	AVTBF	Avant Brands	Pair Corr
0.7	CRRFY	Carrefour SA PK	Pair Corr

Moving against MSAD Pink Sheet

0.57	PINXF	Peoples Insurance	Pair Corr
0.66	CYPS	Cyclo3pss	Pair Corr
0.56	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.56	12532HAF1	GIBACN 23 14	Pair Corr
0.47	EFTR	Effector Therapeutics	Pair Corr
0.34	ARRXF	Archer Materials	Pair Corr

Related Correlations Analysis

	FRFHF	IFCZF	TLLXY	DCNSF	NHOLF	BAMKF	SWDBF	TNXXF	HVRRY	HVRRF
FRFHF		0.56	0.2	0.53	-0.56	0.71	0.69	-0.47	0.76	0.35	FRFHF
IFCZF	0.56		-0.26	0.0	-0.73	0.61	0.61	-0.82	0.42	0.23	IFCZF
TLLXY	0.2	-0.26		0.35	0.4	-0.22	-0.34	0.32	0.26	-0.07	TLLXY
DCNSF	0.53	0.0	0.35		-0.28	0.13	0.06	-0.21	0.17	-0.22	DCNSF
NHOLF	-0.56	-0.73	0.4	-0.28		-0.53	-0.62	0.78	-0.21	-0.12	NHOLF
BAMKF	0.71	0.61	-0.22	0.13	-0.53		0.76	-0.43	0.58	0.37	BAMKF
SWDBF	0.69	0.61	-0.34	0.06	-0.62	0.76		-0.53	0.58	0.42	SWDBF
TNXXF	-0.47	-0.82	0.32	-0.21	0.78	-0.43	-0.53		-0.31	-0.02	TNXXF
HVRRY	0.76	0.42	0.26	0.17	-0.21	0.58	0.58	-0.31		0.56	HVRRY
HVRRF	0.35	0.23	-0.07	-0.22	-0.12	0.37	0.42	-0.02	0.56		HVRRF
	FRFHF	IFCZF	TLLXY	DCNSF	NHOLF	BAMKF	SWDBF	TNXXF	HVRRY	HVRRF

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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

TNXXF	+ 0.78	NHOLF
HVRRY	+ 0.76	FRFHF
SWDBF	+ 0.76	BAMKF
BAMKF	+ 0.71	FRFHF
SWDBF	+ 0.69	FRFHF
BAMKF	+ 0.61	IFCZF

High negative correlations

TNXXF	- 0.82	IFCZF
NHOLF	- 0.73	IFCZF
SWDBF	- 0.62	NHOLF
NHOLF	- 0.56	FRFHF
TNXXF	- 0.53	SWDBF
BAMKF	- 0.53	NHOLF

Risk-Adjusted Indicators

There is a big difference between MSAD Pink Sheet performing well and MSAD Insurance 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 MSAD Insurance'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
FRFHF	1.00	0.16	0.08	2.75	1.14	(1.14)	2.20	(2.71)	5.80
IFCZF	1.14	0.15	0.06	0.64	1.52	(1.19)	3.34	(2.21)	9.04
TLLXY	0.25	(0.04)	0.00	0.16	0.00	0.00	0.00	0.00	10.38
DCNSF	0.53	(0.07)	0.00	0.46	0.00	0.00	0.00	(1.87)	15.03
NHOLF	0.16	(0.06)	0.00	1.31	0.00	0.00	0.00	0.00	5.35
BAMKF	0.08	0.01	0.00	(2.87)	0.00	0.00	0.00	0.00	2.74
SWDBF	1.37	0.25	0.08	0.85	1.44	(2.07)	4.00	(3.06)	9.33
TNXXF	0.08	(0.02)	0.00	0.31	0.00	0.00	0.00	0.00	3.89
HVRRY	0.94	0.09	0.05	0.32	1.03	(0.96)	2.27	(1.80)	5.33
HVRRF	0.64	0.11	0.02	9.70	0.70	(2.46)	2.46	(1.33)	11.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in MSAD Insurance 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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MSAD Insurance Corporate Management

Masahiro Matsumoto	Executive Officer	Profile
Takuya Tsuda	Chief Officer	Profile
Toshiya Kawabe	Exec Dept	Profile
Masahito Fukuda	Ex Director	Profile
Satoru Tamura	Executive Officer	Profile
Tetsuji Higuchi	Executive Officer	Profile

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