Barloworld Correlations
| BRRAY Stock | USD 5.25 0.00 0.00% |
The current 90-days correlation between Barloworld ADR and Hertz Global Holdings is 0.11 (i.e., Average diversification). The correlation of Barloworld 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.
Barloworld Correlation With Market
Significant diversification
The correlation between Barloworld Ltd ADR and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barloworld Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.
Barloworld |
The ability to find closely correlated positions to Barloworld could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barloworld 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 Barloworld - 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 Barloworld Ltd ADR to buy it.
Moving against Barloworld Pink Sheet
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| 0.47 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.33 | ZTLLF | Zonetail | PairCorr |
| 0.33 | SBUX | Starbucks | PairCorr |
| 0.67 | GLU | Gabelli Global Utility | PairCorr |
| 0.53 | WM | Waste Management | PairCorr |
| 0.49 | PLTR | Palantir Technologies | PairCorr |
| 0.45 | DTSQR | DT Cloud Star | PairCorr |
| 0.44 | DNSKF | Danske Bank AS | PairCorr |
| 0.42 | AEM | Agnico Eagle Mines | PairCorr |
| 0.38 | ANPMF | Andean Precious Metals | PairCorr |
| 0.34 | GTN | Gray Television | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Barloworld Pink Sheet performing well and Barloworld 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 Barloworld'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTZ | 3.52 | (0.04) | 0.00 | (0.09) | 0.00 | 6.57 | 22.41 | |||
| URI | 1.78 | (0.21) | 0.00 | (0.21) | 0.00 | 2.94 | 11.30 | |||
| R | 1.36 | (0.15) | 0.00 | (0.22) | 0.00 | 3.03 | 8.98 | |||
| HRI | 2.48 | (0.50) | 0.00 | (0.41) | 0.00 | 3.46 | 17.97 | |||
| HTZWW | 3.28 | (0.06) | 0.00 | (0.10) | 0.00 | 6.97 | 22.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Barloworld 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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Barloworld Corporate Management
| Dominic BSc | Group Director | Profile | |
| Quinton McGeer | Chief Executive - Equipment Iberia | Profile | |
| Charles MBA | Chief Equipment | Profile | |
| Emmanuel BSc | Chief Africa | Profile | |
| PDBA Bcom | Head Relations | Profile | |
| Christopher Wierenga | Chief Industries | Profile | |
| Lex Knol | Managing Europe | Profile |