MSAD Insurance Correlations

MSADY Stock

USD 27.55 0.22 0.80%

The current 90-days correlation between MSAD Insurance Group and Fairfax Financial Holdings is 0.18 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

MSAD Insurance Correlation With Market

Very poor diversification

The correlation between MSAD Insurance Group and DJI is 0.85 (i.e., Very poor 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

0.85	BMYMP	Bristol Myers Squibb	Pair Corr
0.92	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.88	KB	KB Financial Group	Pair Corr
0.86	SHG	Shinhan Financial	Pair Corr
0.78	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.94	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.87	WF	Woori Financial Group	Pair Corr
0.67	ACGL	Arch Capital Group	Pair Corr
0.91	CING	Cingulate	Pair Corr
0.93	MTZ	MasTec Inc Earnings Call Tomorrow	Pair Corr
0.73	CLEGF	Coles Group Earnings Call This Week	Pair Corr
0.77	BYM	BlackRock Municipal	Pair Corr
0.85	FLFG	Federal Life Group	Pair Corr
0.89	CMA	Comerica Incorporated	Pair Corr
0.97	WLK	Westlake Chemical	Pair Corr
0.95	SBKO	Summit Bank Group	Pair Corr
0.61	CRNZF	Cairn Energy PLC	Pair Corr
0.75	AOIFF	Africa Oil Corp	Pair Corr
0.95	VOD	Vodafone Group PLC	Pair Corr
0.92	IFS	Intercorp Financial	Pair Corr
0.7	TG	Tredegar	Pair Corr
0.83	WEJTY	Webjet Limited	Pair Corr
0.92	STRS	Stratus Properties	Pair Corr
0.93	JNJ	Johnson Johnson	Pair Corr
0.78	MFGCF	Mayfair Gold Corp	Pair Corr
0.81	DAWN	Day One Biopharmaceu	Pair Corr
0.89	TWMIF	Tidewater Midstream and Earnings Call Next Week	Pair Corr
0.81	NTRSO	Northern Trust	Pair Corr
0.63	XYIGY	Xinyi Glass Holdings Earnings Call Tomorrow	Pair Corr

Moving against MSAD Pink Sheet

0.87	MSFT	Microsoft	Pair Corr
0.8	VFSWW	VinFast Auto	Pair Corr
0.44	AMZN	Amazon Inc	Pair Corr
0.41	AAPL	Apple Inc Aggressive Push	Pair Corr
0.32	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	SPR	Spirit Aerosystems	Pair Corr

Related Correlations Analysis

	FRFHF	IFCZF	DCNSF	TLLXY	NHOLF	BAMKF	SZLMY	BLMIF	PWCDF	SWDBF
FRFHF		0.68	-0.32	-0.52	-0.25	0.36	0.72	-0.14	0.69	-0.18	FRFHF
IFCZF	0.68		-0.42	-0.73	-0.38	-0.22	0.43	-0.65	0.52	-0.7	IFCZF
DCNSF	-0.32	-0.42		0.68	0.84	0.26	0.1	0.5	-0.65	0.55	DCNSF
TLLXY	-0.52	-0.73	0.68		0.7	0.41	-0.06	0.77	-0.66	0.82	TLLXY
NHOLF	-0.25	-0.38	0.84	0.7		0.29	0.13	0.58	-0.71	0.57	NHOLF
BAMKF	0.36	-0.22	0.26	0.41	0.29		0.53	0.62	0.14	0.72	BAMKF
SZLMY	0.72	0.43	0.1	-0.06	0.13	0.53		0.1	0.35	0.18	SZLMY
BLMIF	-0.14	-0.65	0.5	0.77	0.58	0.62	0.1		-0.33	0.9	BLMIF
PWCDF	0.69	0.52	-0.65	-0.66	-0.71	0.14	0.35	-0.33		-0.34	PWCDF
SWDBF	-0.18	-0.7	0.55	0.82	0.57	0.72	0.18	0.9	-0.34		SWDBF
	FRFHF	IFCZF	DCNSF	TLLXY	NHOLF	BAMKF	SZLMY	BLMIF	PWCDF	SWDBF

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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

SWDBF	+ 0.9	BLMIF
NHOLF	+ 0.84	DCNSF
SWDBF	+ 0.82	TLLXY
BLMIF	+ 0.77	TLLXY
SZLMY	+ 0.72	FRFHF
SWDBF	+ 0.72	BAMKF

High negative correlations

TLLXY	- 0.73	IFCZF
PWCDF	- 0.71	NHOLF
SWDBF	- 0.7	IFCZF
PWCDF	- 0.66	TLLXY
PWCDF	- 0.65	DCNSF
BLMIF	- 0.65	IFCZF

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	0.99	(0.01)	(0.05)	0.05	1.50	(0.96)	1.89	(1.89)	9.13
IFCZF	0.99	(0.09)	0.00	(1.46)	0.00	0.00	2.35	(1.95)	8.38
DCNSF	1.15	0.60	0.00	(1.26)	0.00	0.00	0.00	0.00	15.54
TLLXY	0.22	0.06	0.00	(0.26)	0.00	0.00	0.00	0.00	7.58
NHOLF	0.82	0.33	0.00	2.95	0.00	0.00	0.00	0.00	19.18
BAMKF	0.08	0.01	0.00	(2.54)	0.00	0.00	0.00	0.00	2.74
SZLMY	1.18	0.13	0.00	(0.21)	1.39	(1.20)	2.62	(2.50)	7.66
BLMIF	0.74	0.11	0.00	(3.24)	1.15	(1.98)	2.99	(2.85)	8.14
PWCDF	0.92	0.01	(0.05)	0.17	1.35	(0.89)	1.85	(2.32)	7.03
SWDBF	1.70	0.39	0.09	5.25	1.87	(2.45)	4.61	(4.12)	12.36

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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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