ANGI Homeservices Correlations

2UH Stock  EUR 1.59  0.03  1.92%   
The current 90-days correlation between ANGI Homeservices and Superior Plus Corp is 0.1 (i.e., Average diversification). The correlation of ANGI Homeservices 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.
  
The ability to find closely correlated positions to ANGI Homeservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANGI Homeservices 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 ANGI Homeservices - 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 ANGI Homeservices to buy it.

Moving together with ANGI Stock

  0.76EII EisaiPairCorr

Moving against ANGI Stock

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  0.734JP Japan Post InsurancePairCorr
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  0.71DTE Deutsche TelekomPairCorr
  0.68CYL CryoLifePairCorr
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  0.52DBK Deutsche Bank AktienPairCorr
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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   
INVNTLX
39O18SP
INVNABEA
TLXABEA
TM939O1
39O16NM
  
High negative correlations   
39O1ABEA
TM9ABEA
INVN2DG
8SPABEA
TLX2DG
INVNTM9

Risk-Adjusted Indicators

There is a big difference between ANGI Stock performing well and ANGI Homeservices 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 ANGI Homeservices' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ABEA  1.39  0.38  0.26 (0.39) 1.13 
 5.27 
 8.98 
NNND  1.75  0.05  0.02  0.84  2.36 
 3.96 
 13.76 
1TY  1.12 (0.02) 0.00  0.12  0.00 
 2.47 
 6.71 
8SP  2.12 (0.14) 0.00  0.51  0.00 
 3.17 
 20.22 
6NM  1.21 (0.06) 0.00  0.25  0.00 
 2.89 
 9.64 
39O1  3.20 (0.36) 0.00 (0.73) 0.00 
 8.09 
 20.83 
2DG  5.84 (0.16) 0.00  2.44  0.00 
 13.64 
 52.42 
TLX  1.06  0.12  0.08 (1.07) 1.14 
 2.67 
 7.58 
TM9  2.82 (0.01) 0.00 (0.03) 4.45 
 7.26 
 30.27 
INVN  2.18  0.23  0.08 (0.25) 2.47 
 5.45 
 14.01 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ANGI Homeservices 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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ANGI Homeservices Corporate Management

Elected by the shareholders, the ANGI Homeservices' board of directors comprises two types of representatives: ANGI Homeservices inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ANGI. The board's role is to monitor ANGI Homeservices' management team and ensure that shareholders' interests are well served. ANGI Homeservices' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ANGI Homeservices' outside directors are responsible for providing unbiased perspectives on the board's policies.
Suzy WelchDirectorProfile
Chris BrownGeneral Manager - CraftJackProfile
Gregg WiniarskiDirectorProfile
Oisin HanrahanChief Product OfficerProfile