IA FINANCIAL Correlations

Stocks . Germany . 
Stock . IA FINANCIAL P
1OD Stock  EUR 81.50  0.50  0.61%   
The current 90-days correlation between IA FINANCIAL P and Thai Beverage Public is 0.1 (i.e., Average diversification). The correlation of IA FINANCIAL 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.

IA FINANCIAL Correlation With Market

Average diversification

The correlation between IA FINANCIAL P and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IA FINANCIAL P and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IA FINANCIAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IA FINANCIAL 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 IA FINANCIAL - 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 IA FINANCIAL P to buy it.

Moving together with 1OD Stock

  0.6348R ENSTAR GROUP LTDPairCorr
  0.63KBIA KB Financial GroupPairCorr
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Moving against 1OD Stock

  0.65ALV Allianz SEPairCorr
  0.6ALVE ALLIANZ SE UNSPADRPairCorr
  0.6WSU WashTec AG Earnings Call This WeekPairCorr
  0.6APM AD PEPPER MEDIAPairCorr
  0.532NN NN Group NVPairCorr
  0.53G8G GREATLAND GOLD PLCPairCorr
  0.52AXAA AXA SAPairCorr
  0.49NOAA NokiaPairCorr
  0.43ASG0 ASSGENERALI ADR 12EOPairCorr
  0.42TKDA Takeda PharmaceuticalPairCorr
  0.41LLD2 Lloyds Banking GroupPairCorr
  0.41LBL KAROON GAS AUSTPairCorr
  0.38W8V Bank of China Limited Earnings Call This WeekPairCorr
  0.31CJH CanSino BiologicsPairCorr
  0.74VVDH Veolia EnvironnementPairCorr
  0.652CS China Silver GroupPairCorr
  0.64RHM Rheinmetall AGPairCorr
  0.6VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.55VOW Volkswagen AGPairCorr
  0.49AG1 AUTO1 Group SEPairCorr
  0.46DBPE Xtrackers LevDAXPairCorr
  0.42MM0 MONETA MONEY BANKPairCorr
  0.41C7H DRAIG RESOURCESPairCorr
  0.330FK Asiamet ResourcesPairCorr

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   
US8
+ 0.88
M8Z
T6W
+ 0.74
M8Z
US8
+ 0.67
T6W
SW6
+ 0.64
3FNA
SW6
+ 0.5
FV8
FV8
+ 0.42
3FNA
  
High negative correlations   
I43
- 0.72
M8Z
I43
- 0.7
US8
SW6
- 0.65
M8Z
3FNA
- 0.61
T6W
3FNA
- 0.6
M8Z
SW6
- 0.57
T6W

Risk-Adjusted Indicators

There is a big difference between 1OD Stock performing well and IA FINANCIAL 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 IA FINANCIAL'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 IA FINANCIAL 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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IA FINANCIAL Corporate Management

Elected by the shareholders, the IA FINANCIAL's board of directors comprises two types of representatives: IA FINANCIAL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 1OD. The board's role is to monitor IA FINANCIAL's management team and ensure that shareholders' interests are well served. IA FINANCIAL'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, IA FINANCIAL's outside directors are responsible for providing unbiased perspectives on the board's policies.
Claude LamoureuxIndependent DirectorProfile
Ginette MailleeIndependent DirectorProfile
Jacques MartinIndependent Chairman of the BoardProfile
Lilia ShamExecutive Vice President of Corporate DevelopmentProfile
Pierre MironExecutive Vice President - Information TechnologyProfile
Danielle MorinIndependent DirectorProfile
Sean OBrienSenior Vice President - Dealer Services and Special RisksProfile
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