Safari Investments Correlations

SAR Stock

625.00 0.00 0.00%

The current 90-days correlation between Safari Investments RSA and HomeChoice Investments is 0.11 (i.e., Average diversification). The correlation of Safari Investments 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.

Safari Investments Correlation With Market

Significant diversification

The correlation between Safari Investments RSA and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safari Investments RSA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Safari Stock

0.72	EMI	Emira Property	Pair Corr
0.71	SBPP	Standard Bank Group	Pair Corr
0.82	INPR	Investec Limited NON	Pair Corr

Moving against Safari Stock

0.75	FSR	Firstrand Earnings Call This Week	Pair Corr
0.5	GRT	Growthpoint Properties Earnings Call This Week	Pair Corr

Related Correlations Analysis

	WBC	HIL	TMT	LSK	ZED	HAR	RCL
WBC		0.34	0.14	0.45	-0.61	0.1	0.2	WBC
HIL	0.34		0.35	0.24	0.08	0.06	-0.15	HIL
TMT	0.14	0.35		-0.06	-0.06	-0.32	-0.38	TMT
LSK	0.45	0.24	-0.06		-0.13	0.09	0.31	LSK
ZED	-0.61	0.08	-0.06	-0.13		-0.14	-0.04	ZED
HAR	0.1	0.06	-0.32	0.09	-0.14		0.19	HAR
RCL	0.2	-0.15	-0.38	0.31	-0.04	0.19		RCL
	WBC	HIL	TMT	LSK	ZED	HAR	RCL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LSK	+ 0.45	WBC
TMT	+ 0.35	HIL
HIL	+ 0.34	WBC
RCL	+ 0.31	LSK
LSK	+ 0.24	HIL
RCL	+ 0.2	WBC

High negative correlations

ZED	- 0.61	WBC
RCL	- 0.38	TMT
HAR	- 0.32	TMT
RCL	- 0.15	HIL
HAR	- 0.14	ZED
ZED	- 0.13	LSK

Risk-Adjusted Indicators

There is a big difference between Safari Stock performing well and Safari Investments 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 Safari Investments' 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
WBC	1.27	0.58	0.41	2.06	0.69	(1.69)	3.66	(1.67)	5.98
HIL	1.43	0.30	0.05	1.01	1.45	(5.04)	6.73	(2.71)	16.90
TMT	2.27	0.10	0.01	0.24	2.90	(5.16)	7.60	(7.20)	25.80
LSK	1.84	(0.15)	0.00	(0.06)	0.00	0.00	5.94	(5.47)	16.14
ZED	2.12	(0.11)	0.00	1.56	0.00	0.00	3.76	(4.00)	16.40
HAR	2.50	(0.20)	0.00	(0.72)	0.00	0.00	4.64	(4.86)	15.05
RCL	1.30	(0.06)	0.00	(2.00)	0.00	0.00	2.39	(2.86)	14.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in Safari Investments 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.

Did you try this?

Run Volatility Analysis Now

Volatility Analysis

Get historical volatility and risk analysis based on latest market data

All Next

Launch Module

Safari Investments Corporate Management

Elected by the shareholders, the Safari Investments' board of directors comprises two types of representatives: Safari Investments inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Safari. The board's role is to monitor Safari Investments' management team and ensure that shareholders' interests are well served. Safari Investments' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Safari Investments' outside directors are responsible for providing unbiased perspectives on the board's policies.

AnneMarie Kruger	Marketing Mang	Profile
Henrike Pienaar	PR Mang	Profile
Pieter LLB	Group Counsel	Profile
ACMA CA	HR Transformation	Profile
Martin Basson	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC