ZAMBIA REINSURANCE Correlations
| ZAMBIA-RE | 2.70 0.00 0.00% |
The correlation of ZAMBIA REINSURANCE 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.
ZAMBIA REINSURANCE Correlation With Market
Good diversification
The correlation between ZAMBIA REINSURANCE PLC and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZAMBIA REINSURANCE PLC and DJI in the same portfolio, assuming nothing else is changed.
ZAMBIA |
The ability to find closely correlated positions to ZAMBIA REINSURANCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZAMBIA REINSURANCE 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 ZAMBIA REINSURANCE - 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 ZAMBIA REINSURANCE PLC to buy it.
Related Correlations Analysis
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ZAMBIA REINSURANCE Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ZAMBIA REINSURANCE stock to make a market-neutral strategy. Peer analysis of ZAMBIA REINSURANCE could also be used in its relative valuation, which is a method of valuing ZAMBIA REINSURANCE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |