Insurance Australia Correlations

NRM Stock

EUR 5.05 0.10 1.94%

The current 90-days correlation between Insurance Australia and SEI INVESTMENTS is 0.17 (i.e., Average diversification). The correlation of Insurance Australia 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.

Insurance Australia Correlation With Market

Good diversification

The correlation between Insurance Australia Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Insurance Australia Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Insurance Stock

0.72	ALS	Allstate	Pair Corr
0.7	PJC	PICC Property	Pair Corr
0.78	CCJ	Cincinnati Financial	Pair Corr
0.92	MKV	Markel	Pair Corr
0.9	FFX	Fairfax Financial	Pair Corr
0.9	QBE	QBE Insurance Group	Pair Corr
0.78	TM2	Sydbank A/S	Pair Corr
0.61	5F3	JINS HOLDINGS INC	Pair Corr
0.89	SON1	Sony Group Corp	Pair Corr
0.87	92I	ROMERIKE SPAREBANK	Pair Corr
0.78	BFP	BBVA Banco Frances	Pair Corr
0.86	TL0	Tesla Inc Earnings Call This Week	Pair Corr
0.9	XKR	KAR Auction Services	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.73	FAA	FABASOFT Dusseldorf	Pair Corr
0.77	NY70	MOLSON RS BEVERAGE	Pair Corr
0.91	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.91	LIE	SUN LIFE FINANCIAL	Pair Corr
0.76	CFC	UET United Electronic	Pair Corr
0.72	DDN	Darden Restaurants	Pair Corr
0.65	SNQB	SANOMA Dusseldorf	Pair Corr
0.67	IFX	Infineon Technologies	Pair Corr
0.64	C7T	CTT Correios	Pair Corr
0.76	CEK	CEOTRONICS Dusseldorf	Pair Corr

Moving against Insurance Stock

0.6

YHA

Yamaha

Pair Corr

Related Correlations Analysis

	4I3	CUG	WCLA	1IZ1	SI3	285	9B7	3FNA
4I3		-0.12	-0.62	0.67	0.71	0.63	0.53	-0.25	4I3
CUG	-0.12		0.21	-0.2	-0.24	-0.07	-0.14	-0.32	CUG
WCLA	-0.62	0.21		-0.54	-0.65	-0.3	-0.38	0.08	WCLA
1IZ1	0.67	-0.2	-0.54		0.94	0.77	0.89	-0.29	1IZ1
SI3	0.71	-0.24	-0.65	0.94		0.73	0.89	-0.16	SI3
285	0.63	-0.07	-0.3	0.77	0.73		0.81	-0.46	285
9B7	0.53	-0.14	-0.38	0.89	0.89	0.81		-0.19	9B7
3FNA	-0.25	-0.32	0.08	-0.29	-0.16	-0.46	-0.19		3FNA
	4I3	CUG	WCLA	1IZ1	SI3	285	9B7	3FNA

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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

SI3	+ 0.94	1IZ1
9B7	+ 0.89	1IZ1
9B7	+ 0.89	SI3
9B7	+ 0.81	285
285	+ 0.77	1IZ1
285	+ 0.73	SI3

High negative correlations

SI3	- 0.65	WCLA
WCLA	- 0.62	4I3
1IZ1	- 0.54	WCLA
3FNA	- 0.46	285
9B7	- 0.38	WCLA
3FNA	- 0.32	CUG

Risk-Adjusted Indicators

There is a big difference between Insurance Stock performing well and Insurance Australia 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 Insurance Australia'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
4I3	1.45	0.08	0.04	(0.32)	1.61	(1.87)	3.81	(2.86)	10.57
CUG	0.14	(0.08)	0.00	(1.03)	0.00	0.00	0.00	0.00	4.76
WCLA	2.05	(0.19)	0.00	(1.61)	0.00	0.00	3.73	(5.03)	11.65
1IZ1	0.94	0.22	0.19	(0.95)	0.97	(1.06)	1.83	(1.82)	5.83
SI3	0.97	0.33	0.15	20.47	0.77	(1.93)	2.58	(1.49)	10.34
285	1.24	0.07	0.04	1.51	1.30	(1.78)	2.97	(2.50)	8.29
9B7	1.92	0.74	0.48	(6.48)	0.77	(2.90)	4.96	(2.45)	37.45
3FNA	2.30	0.20	0.06	0.84	3.01	(2.58)	5.36	(4.69)	16.29

Be your own money manager

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

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

Julie Batch	Group Australia	Profile
Neil BSc	Chief Officer	Profile
BAgr AMP	Chief Officer	Profile
Peter BCom	Group Officer	Profile
BCom BCom	CEO MD	Profile
Jarrod Hill	Group Australia	Profile
Amanda Whiting	Chief Zealand	Profile

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