Aristocrat Leisure Correlations
| ALL Stock | 65.71 0.63 0.97% |
The current 90-days correlation between Aristocrat Leisure and Hansen Technologies is 0.14 (i.e., Average diversification). The correlation of Aristocrat Leisure 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.
Aristocrat Leisure Correlation With Market
Significant diversification
The correlation between Aristocrat Leisure and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristocrat Leisure and DJI in the same portfolio, assuming nothing else is changed.
Aristocrat |
The ability to find closely correlated positions to Aristocrat Leisure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aristocrat Leisure 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 Aristocrat Leisure - 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 Aristocrat Leisure to buy it.
Moving together with Aristocrat Stock
| 0.86 | PME | Pro Medicus | PairCorr |
| 0.73 | REA | Rea Group | PairCorr |
| 0.72 | MQG | Macquarie Group | PairCorr |
| 0.91 | XRO | Xero | PairCorr |
Related Correlations Analysis
| 0.47 | 0.0 | -0.3 | -0.64 | 0.43 | 0.47 | HSN | ||
| 0.47 | 0.0 | 0.13 | -0.12 | 0.48 | 0.55 | ABV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EVE | ||
| -0.3 | 0.13 | 0.0 | 0.77 | -0.23 | 0.22 | ONE | ||
| -0.64 | -0.12 | 0.0 | 0.77 | -0.34 | 0.03 | EVT | ||
| 0.43 | 0.48 | 0.0 | -0.23 | -0.34 | 0.54 | AHC | ||
| 0.47 | 0.55 | 0.0 | 0.22 | 0.03 | 0.54 | ZEO | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Aristocrat Stock performing well and Aristocrat Leisure 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 Aristocrat Leisure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSN | 1.03 | (0.07) | 0.00 | (0.22) | 0.00 | 2.21 | 7.68 | |||
| ABV | 1.79 | (0.05) | 0.00 | (0.13) | 0.00 | 5.00 | 17.41 | |||
| EVE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ONE | 1.51 | (0.01) | 0.00 | (0.13) | 0.00 | 3.57 | 13.81 | |||
| EVT | 1.26 | 0.35 | 0.30 | 0.70 | 0.98 | 2.51 | 14.80 | |||
| AHC | 2.78 | 0.35 | 0.10 | (0.89) | 2.94 | 7.14 | 17.09 | |||
| ZEO | 3.40 | 0.13 | 0.04 | 2.34 | 3.97 | 6.98 | 20.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aristocrat Leisure 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.Did you try this?
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Aristocrat Leisure Corporate Management
Elected by the shareholders, the Aristocrat Leisure's board of directors comprises two types of representatives: Aristocrat Leisure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aristocrat. The board's role is to monitor Aristocrat Leisure's management team and ensure that shareholders' interests are well served. Aristocrat Leisure'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, Aristocrat Leisure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Kaminkow | Chief Officer | Profile | |
| Tracey Elkerton | Chief Officer | Profile | |
| LLB BCom | Company Secretary | Profile | |
| James Alvarez | Chief Officer | Profile | |
| Trevor MAICD | MD CEO | Profile | |
| Michael Lang | Chief Digital | Profile | |
| Christie Esq | Chief Officer | Profile |