Solvar Correlations
| SVR Stock | 1.87 0.01 0.54% |
The current 90-days correlation between Solvar and Macquarie Bank is 0.05 (i.e., Significant diversification). The correlation of Solvar 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.
Solvar Correlation With Market
Poor diversification
The correlation between Solvar and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solvar and DJI in the same portfolio, assuming nothing else is changed.
Solvar |
The ability to find closely correlated positions to Solvar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solvar 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 Solvar - 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 Solvar to buy it.
Moving together with Solvar Stock
| 0.61 | MQG | Macquarie Group | PairCorr |
| 0.79 | NEM | Newmont | PairCorr |
| 0.66 | FME | Future Metals NL | PairCorr |
| 0.77 | CVV | Caravel Minerals | PairCorr |
| 0.81 | WR1 | Winsome Resources | PairCorr |
| 0.73 | GMD | Genesis Minerals | PairCorr |
| 0.76 | RF1 | Regal Investment | PairCorr |
| 0.81 | BSL | Bluescope Steel | PairCorr |
| 0.73 | RHI | Red Hill Minerals | PairCorr |
| 0.74 | 1AE | Aurora Energy Metals | PairCorr |
| 0.67 | RND | Rand Mining Earnings Call This Week | PairCorr |
| 0.62 | SX2 | Southern Cross Gold | PairCorr |
| 0.68 | RSG | Resolute Mining | PairCorr |
Related Correlations Analysis
| 0.55 | 0.02 | 0.33 | 0.12 | 0.39 | 0.32 | ATM | ||
| 0.55 | 0.52 | 0.8 | 0.63 | 0.57 | 0.67 | NABPF | ||
| 0.02 | 0.52 | 0.46 | 0.8 | 0.31 | 0.18 | AN3PI | ||
| 0.33 | 0.8 | 0.46 | 0.53 | 0.61 | 0.65 | ANZ | ||
| 0.12 | 0.63 | 0.8 | 0.53 | 0.25 | 0.41 | AN3PJ | ||
| 0.39 | 0.57 | 0.31 | 0.61 | 0.25 | 0.58 | CBAPI | ||
| 0.32 | 0.67 | 0.18 | 0.65 | 0.41 | 0.58 | MBLPC | ||
Risk-Adjusted Indicators
There is a big difference between Solvar Stock performing well and Solvar 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 Solvar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATM | 1.26 | 0.02 | (0.01) | (0.87) | 2.15 | 4.17 | 11.36 | |||
| NABPF | 0.08 | 0.01 | (0.68) | (0.22) | 0.00 | 0.17 | 0.41 | |||
| AN3PI | 0.18 | 0.00 | (0.34) | 0.12 | 0.25 | 0.48 | 1.44 | |||
| ANZ | 0.98 | 0.20 | 0.10 | 1.39 | 1.01 | 1.70 | 11.55 | |||
| AN3PJ | 0.18 | 0.00 | (0.29) | 2.31 | 0.26 | 0.36 | 1.44 | |||
| CBAPI | 0.17 | 0.01 | (0.30) | (0.17) | 0.18 | 0.41 | 1.22 | |||
| MBLPC | 0.31 | 0.03 | (0.10) | 11.34 | 0.35 | 0.70 | 2.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Solvar 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 Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
| All Next | Launch Module |
Solvar Corporate Management
Elected by the shareholders, the Solvar's board of directors comprises two types of representatives: Solvar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solvar. The board's role is to monitor Solvar's management team and ensure that shareholders' interests are well served. Solvar'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, Solvar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pushkar Pendse | Chief Officer | Profile | |
| Natasha Velkovski | Head Marketing | Profile | |
| Paul Verhoeven | Chief Zealand | Profile | |
| Siva Subramani | Chief Officer | Profile | |
| Dave Morton | Head Compliance | Profile | |
| Carly Crowe | Risk Manager | Profile | |
| Tessa Georgis | Head Resources | Profile |