Ageas SANV Correlations

AGESY Stock

USD 60.08 0.21 0.35%

The current 90-days correlation between ageas SANV and Sampo OYJ is 0.13 (i.e., Average diversification). The correlation of Ageas SANV 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.

Ageas SANV Correlation With Market

Good diversification

The correlation between ageas SANV and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ageas SANV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ageas SANV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ageas SANV 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 Ageas SANV - 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 ageas SANV to buy it.

Moving together with Ageas Pink Sheet

0.93	BRK-A	Berkshire Hathaway	Pair Corr
0.93	BRK-B	Berkshire Hathaway	Pair Corr
0.97	ALIZF	Allianz SE	Pair Corr
0.93	ZURVY	Zurich Insurance	Pair Corr
0.92	ZFSVF	Zurich Insurance	Pair Corr
0.94	AXAHF	AXA SA	Pair Corr
0.93	AIG	American International	Pair Corr
0.82	AVAL	Grupo Aval	Pair Corr
0.92	BCH	Banco De Chile Normal Trading	Pair Corr
0.67	MCW	Mister Car Wash,	Pair Corr
0.92	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.91	FOTB	First Ottawa Bancshares	Pair Corr
0.82	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.84	LOIMF	Loomis AB	Pair Corr
0.63	BRFH	Barfresh Food Group	Pair Corr
0.63	NGD	New Gold Aggressive Push	Pair Corr
0.69	OVATF	Ovation Science	Pair Corr
0.83	MONDY	Mondi PLC ADR	Pair Corr
0.78	FREKF	freee KK	Pair Corr
0.7	SWZCF	Swisscom AG	Pair Corr
0.62	EXXRF	Exor NV	Pair Corr

Moving against Ageas Pink Sheet

0.69	KB	KB Financial Group	Pair Corr
0.66	SHG	Shinhan Financial	Pair Corr
0.35	VRME	VerifyMe	Pair Corr
0.63	KULR	KULR Technology Group Aggressive Push	Pair Corr
0.54	NOKPF	Nok Airlines Public	Pair Corr
0.31	NWIFF	Nuinsco Resources	Pair Corr

Related Correlations Analysis

	ARZGF	AXAHF	SAXPY	ZURVY	ATH-PB	ATH-PC	ACGLO	ARZGY	SAXPF
ARZGF		0.83	0.68	0.74	-0.34	0.77	-0.11	0.88	-0.7	ARZGF
AXAHF	0.83		0.86	0.87	-0.09	0.83	-0.05	0.94	-0.68	AXAHF
SAXPY	0.68	0.86		0.96	-0.06	0.84	-0.17	0.84	-0.63	SAXPY
ZURVY	0.74	0.87	0.96		-0.07	0.8	-0.08	0.85	-0.64	ZURVY
ATH-PB	-0.34	-0.09	-0.06	-0.07		-0.15	0.78	-0.11	0.07	ATH-PB
ATH-PC	0.77	0.83	0.84	0.8	-0.15		-0.13	0.84	-0.68	ATH-PC
ACGLO	-0.11	-0.05	-0.17	-0.08	0.78	-0.13		-0.04	-0.11	ACGLO
ARZGY	0.88	0.94	0.84	0.85	-0.11	0.84	-0.04		-0.69	ARZGY
SAXPF	-0.7	-0.68	-0.63	-0.64	0.07	-0.68	-0.11	-0.69		SAXPF
	ARZGF	AXAHF	SAXPY	ZURVY	ATH-PB	ATH-PC	ACGLO	ARZGY	SAXPF

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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

ZURVY	+ 0.96	SAXPY
ARZGY	+ 0.94	AXAHF
ARZGY	+ 0.88	ARZGF
ZURVY	+ 0.87	AXAHF
SAXPY	+ 0.86	AXAHF
ARZGY	+ 0.85	ZURVY

High negative correlations

SAXPF	- 0.7	ARZGF
SAXPF	- 0.69	ARZGY
SAXPF	- 0.68	ATH-PC
SAXPF	- 0.68	AXAHF
SAXPF	- 0.64	ZURVY
SAXPF	- 0.63	SAXPY

Risk-Adjusted Indicators

There is a big difference between Ageas Pink Sheet performing well and Ageas SANV 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 Ageas SANV'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
ARZGF	0.57	0.26	0.00	(5.04)	0.00	0.00	0.94	0.00	11.98
AXAHF	1.16	0.25	0.18	2.30	1.21	(1.78)	2.77	(1.99)	8.47
SAXPY	0.95	0.24	0.22	0.56	1.06	(0.96)	1.97	(1.67)	5.21
ZURVY	0.78	0.19	0.24	0.48	0.88	(0.90)	1.65	(1.22)	4.73
ATH-PB	0.97	(0.04)	0.00	(0.16)	0.00	0.00	2.87	(2.07)	6.56
ATH-PC	0.12	0.02	0.65	0.53	0.00	(0.15)	0.32	(0.32)	0.77
ACGLO	0.72	(0.05)	0.00	(0.25)	0.00	0.00	1.64	(1.54)	4.53
ARZGY	0.94	0.27	0.34	(7.96)	0.78	(1.10)	2.28	(1.50)	4.83
SAXPF	46.48	18.61	0.35	3.65	22.74	(127.17)	399.75	(79.04)	479.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ageas SANV 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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