| 2D7 Stock | | | EUR 9.70 0.40 3.96% |
The current 90-days correlation between Beazley PLC and American Financial Group is -0.22 (i.e., Very good diversification). The correlation of Beazley PLC 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.
Beazley PLC Correlation With Market
Very good diversification
The correlation between Beazley PLC and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beazley PLC and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Beazley PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beazley PLC 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 Beazley PLC - 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 Beazley PLC to buy it.
Moving together with Beazley Stock
Moving against Beazley Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Beazley Stock performing well and Beazley PLC 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 Beazley PLC'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.
Beazley PLC 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 Beazley PLC stock to make a market-neutral strategy. Peer analysis of Beazley PLC could also be used in its relative valuation, which is a method of valuing Beazley PLC by comparing valuation metrics with similar companies.
Beazley PLC Corporate Management
Elected by the shareholders, the Beazley PLC's board of directors comprises two types of representatives: Beazley PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Beazley. The board's role is to monitor Beazley PLC's management team and ensure that shareholders' interests are well served. Beazley PLC'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, Beazley PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.