Qbe Insurance Correlations

QBE Stock   19.34  0.41  2.08%   
The current 90-days correlation between Qbe Insurance Group and Woolworths is 0.11 (i.e., Average diversification). The correlation of Qbe 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.

Qbe Insurance Correlation With Market

Average diversification

The correlation between Qbe Insurance Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qbe Insurance Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Qbe 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 Qbe 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 Qbe 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 Qbe Insurance Group to buy it.

Moving together with Qbe Stock

  0.74IFL Insignia FinancialPairCorr
  0.76IAG Insurance AustraliaPairCorr

Moving against Qbe Stock

  0.6ILU Iluka ResourcesPairCorr
  0.46CEH COAST ENTERTAINMENTPairCorr
  0.43INA Ingenia CommunitiesPairCorr
  0.32GTN GtnPairCorr

Related Correlations Analysis

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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   
RIOBHP
WOWATM
COLWOW
COLATM
WESWOW
COLWES
  
High negative correlations   
CBAATM
COLRIO
COLBHP
CBAWOW
RIOWOW
BHPCBA

Risk-Adjusted Indicators

There is a big difference between Qbe Stock performing well and Qbe 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 Qbe 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.

Be your own money manager

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

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