Remgro Correlations

REM Stock

15,176 160.00 1.07%

The current 90-days correlation between Remgro and Growthpoint Properties is 0.33 (i.e., Weak diversification). The correlation of Remgro 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.

Remgro Correlation With Market

Significant diversification

The correlation between Remgro and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Remgro and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Remgro Stock

0.62	AIL	African Rainbow Capital	Pair Corr
0.61	BAT	Brait SE	Pair Corr
0.65	SBP	Sabvest Capital	Pair Corr
0.82	FBR	Famous Brands	Pair Corr
0.78	TRU	Truworths International	Pair Corr
0.68	PIK	Pick N Pay	Pair Corr
0.78	BHG	BHP Group Limited	Pair Corr

Moving against Remgro Stock

0.4

ANI

Afine Investments

Pair Corr

Related Correlations Analysis

	0P0000Z6BH	GRT	BCF	SHP	DCP	IMP	KAP
0P0000Z6BH		-0.43	0.17	-0.03	0.76	0.76	0.07	0P0000Z6BH
GRT	-0.43		-0.28	-0.3	-0.48	-0.55	0.26	GRT
BCF	0.17	-0.28		0.27	0.2	0.13	-0.35	BCF
SHP	-0.03	-0.3	0.27		0.17	0.02	-0.28	SHP
DCP	0.76	-0.48	0.2	0.17		0.66	-0.16	DCP
IMP	0.76	-0.55	0.13	0.02	0.66		-0.05	IMP
KAP	0.07	0.26	-0.35	-0.28	-0.16	-0.05		KAP
	0P0000Z6BH	GRT	BCF	SHP	DCP	IMP	KAP

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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

DCP	+ 0.76	0P0000Z6BH
IMP	+ 0.76	0P0000Z6BH
IMP	+ 0.66	DCP
SHP	+ 0.27	BCF
KAP	+ 0.26	GRT
DCP	+ 0.2	BCF

High negative correlations

IMP	- 0.55	GRT
DCP	- 0.48	GRT
GRT	- 0.43	0P0000Z6BH
KAP	- 0.35	BCF
SHP	- 0.3	GRT
KAP	- 0.28	SHP

Risk-Adjusted Indicators

There is a big difference between Remgro Stock performing well and Remgro 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 Remgro'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
0P0000Z6BH	0.34	0.05	(0.11)	1.11	0.17	(0.58)	0.84	(0.43)	2.53
GRT	0.91	0.03	(0.09)	(0.26)	1.01	(1.06)	1.94	(1.74)	5.09
BCF	2.61	0.10	0.01	0.29	3.66	(4.71)	10.32	(8.62)	30.49
SHP	0.94	0.01	(0.07)	0.16	1.36	(0.94)	2.05	(1.82)	7.40
DCP	0.96	0.05	(0.06)	(0.42)	1.20	(1.07)	2.11	(1.67)	6.13
IMP	3.04	0.47	0.09	(1.01)	3.23	(3.37)	6.33	(5.72)	19.11
KAP	1.32	(0.01)	(0.06)	0.08	1.58	(1.43)	3.36	(2.23)	9.13

Be your own money manager

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

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

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