Anglo American Correlations

AGPPF Stock

USD 32.92 4.75 12.61%

The current 90-days correlation between Anglo American Platinum and Albertsons Companies is -0.1 (i.e., Good diversification). The correlation of Anglo American 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.

Anglo American Correlation With Market

Average diversification

The correlation between Anglo American Platinum and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anglo American Platinum and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Anglo Pink Sheet

0.82	ANGPY	Anglo American Platinum	Pair Corr
0.63	IMPUY	Impala Platinum Holdings	Pair Corr
0.68	FNLPF	Fresnillo PLC	Pair Corr

Moving against Anglo Pink Sheet

0.43	AUCOY	Polymetal International	Pair Corr
0.38	ZMPLF	Zimplats Holdings	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.5	VZ	Verizon Communications Aggressive Push	Pair Corr
0.45	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.41	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	STKL	ABCL	BRID	CELH	CNTA	MRRTY	ACI
STKL		0.46	-0.4	-0.6	0.71	0.77	0.35	STKL
ABCL	0.46		-0.35	-0.39	0.47	0.49	0.29	ABCL
BRID	-0.4	-0.35		0.58	-0.64	-0.09	0.51	BRID
CELH	-0.6	-0.39	0.58		-0.66	-0.52	0.05	CELH
CNTA	0.71	0.47	-0.64	-0.66		0.44	-0.03	CNTA
MRRTY	0.77	0.49	-0.09	-0.52	0.44		0.52	MRRTY
ACI	0.35	0.29	0.51	0.05	-0.03	0.52		ACI
	STKL	ABCL	BRID	CELH	CNTA	MRRTY	ACI

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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

MRRTY	+ 0.77	STKL
CNTA	+ 0.71	STKL
CELH	+ 0.58	BRID
ACI	+ 0.52	MRRTY
ACI	+ 0.51	BRID
MRRTY	+ 0.49	ABCL

High negative correlations

CNTA	- 0.66	CELH
CNTA	- 0.64	BRID
CELH	- 0.6	STKL
MRRTY	- 0.52	CELH
BRID	- 0.4	STKL
CELH	- 0.39	ABCL

Risk-Adjusted Indicators

There is a big difference between Anglo Pink Sheet performing well and Anglo American 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 Anglo American'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
STKL	2.50	0.21	0.10	0.24	2.51	(2.98)	4.49	(5.24)	25.87
ABCL	2.87	0.15	0.05	0.25	2.89	(3.44)	6.88	(5.47)	22.70
BRID	2.29	(0.23)	0.00	(0.79)	0.00	0.00	4.52	(4.87)	32.90
CELH	2.83	(0.52)	0.00	(0.70)	0.00	0.00	5.82	(5.33)	21.65
CNTA	2.80	0.34	0.10	0.43	3.03	(3.18)	8.37	(5.69)	21.09
MRRTY	2.34	0.23	0.06	0.54	2.53	(2.97)	5.12	(5.00)	11.51
ACI	1.04	(0.12)	0.00	(0.14)	0.00	0.00	2.60	(2.15)	5.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Anglo American 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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