Change Financial Correlations

CCA Stock

0.06 0 6.25%

The current 90-days correlation between Change Financial and Lindian Resources is 0.17 (i.e., Average diversification). The correlation of Change Financial 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.

Change Financial Correlation With Market

Good diversification

The correlation between Change Financial Limited and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Change Financial Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Change Stock

0.64

BKW

Brickworks

Pair Corr

Moving against Change Stock

0.87	JBH	JB Hi Fi	Pair Corr
0.81	AHF	Australian Dairy Farms	Pair Corr
0.79	CBA	Commonwealth Bank	Pair Corr
0.73	SHO	SportsHero	Pair Corr
0.68	ORG	Origin Energy	Pair Corr
0.67	HOR	Horseshoe Metals	Pair Corr
0.67	AIQ	Alternative Investment	Pair Corr
0.66	CVV	Caravel Minerals	Pair Corr
0.63	ABA	Auswide Bank	Pair Corr
0.59	BXB	Brambles	Pair Corr
0.59	HUB	Hub24	Pair Corr
0.58	GDF	Garda Diversified Ppty	Pair Corr
0.51	LGI	LGI	Pair Corr
0.49	ST1	Spirit Telecom Split	Pair Corr
0.91	AME	Alto Metals	Pair Corr
0.85	IAG	Insurance Australia	Pair Corr
0.84	SQ2	Block Inc	Pair Corr
0.78	IMR	Imricor Medical Systems	Pair Corr
0.77	SUN	Suncorp Group	Pair Corr
0.73	BVS	Bravura Solutions	Pair Corr
0.73	SVW	SEVEN GROUP HOLDINGS	Pair Corr
0.72	FSI	Flagship Investments	Pair Corr
0.67	HSN	Hansen Technologies	Pair Corr
0.62	GMD	Genesis Minerals	Pair Corr
0.59	MME	MoneyMe	Pair Corr
0.49	BPT	Beach Energy	Pair Corr

Related Correlations Analysis

	AKP	NWM	LIN	RBX	CHW	RTR	AM7	C29	CHN	NMR
AKP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AKP
NWM	0.0		0.21	-0.29	0.14	-0.2	0.07	-0.47	-0.14	-0.56	NWM
LIN	0.0	0.21		-0.04	0.57	-0.11	0.49	-0.23	0.19	-0.35	LIN
RBX	0.0	-0.29	-0.04		-0.32	0.02	-0.49	0.58	-0.28	0.4	RBX
CHW	0.0	0.14	0.57	-0.32		0.5	0.79	-0.5	0.67	-0.17	CHW
RTR	0.0	-0.2	-0.11	0.02	0.5		0.34	-0.1	0.64	0.35	RTR
AM7	0.0	0.07	0.49	-0.49	0.79	0.34		-0.63	0.81	-0.25	AM7
C29	0.0	-0.47	-0.23	0.58	-0.5	-0.1	-0.63		-0.38	0.61	C29
CHN	0.0	-0.14	0.19	-0.28	0.67	0.64	0.81	-0.38		0.0	CHN
NMR	0.0	-0.56	-0.35	0.4	-0.17	0.35	-0.25	0.61	0.0		NMR
	AKP	NWM	LIN	RBX	CHW	RTR	AM7	C29	CHN	NMR

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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

CHN	+ 0.81	AM7
AM7	+ 0.79	CHW
CHN	+ 0.67	CHW
CHN	+ 0.64	RTR
NMR	+ 0.61	C29
C29	+ 0.58	RBX

High negative correlations

C29	- 0.63	AM7
NMR	- 0.56	NWM
C29	- 0.5	CHW
AM7	- 0.49	RBX
C29	- 0.47	NWM
CHN	- 0.38	C29

Risk-Adjusted Indicators

There is a big difference between Change Stock performing well and Change Financial 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 Change Financial'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
AKP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWM	3.88	0.16	0.02	1.20	4.81	(7.29)	11.11	(10.00)	36.69
LIN	3.22	(0.42)	0.00	(0.58)	0.00	0.00	10.00	(9.09)	28.33
RBX	1.83	0.19	0.00	(0.47)	0.00	0.00	9.09	(7.50)	30.95
CHW	2.18	(0.07)	0.00	(1.61)	0.00	0.00	7.87	(4.44)	14.96
RTR	3.73	0.28	0.05	(11.32)	3.86	(6.16)	10.87	(6.38)	30.08
AM7	2.73	(0.81)	0.00	(0.92)	0.00	0.00	5.88	(10.00)	25.64
C29	3.46	0.66	0.09	(0.49)	3.87	(6.35)	9.64	(6.82)	33.57
CHN	3.15	(0.25)	0.00	0.31	0.00	0.00	5.84	(6.47)	27.14
NMR	4.69	1.07	0.17	11.35	4.03	(7.53)	13.64	(8.33)	26.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Change Financial 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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Change Financial Corporate Management

Elected by the shareholders, the Change Financial's board of directors comprises two types of representatives: Change Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Change. The board's role is to monitor Change Financial's management team and ensure that shareholders' interests are well served. Change Financial'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, Change Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

Akhila Iyer	Human Manager	Profile
Nick Roberts	Chief Officer	Profile
Arnold Lee	Chief Officer	Profile
Alastair Wilkie	CEO MD	Profile
Clayton Fossett	Chief Officer	Profile
Javier Carrillo	Head DevelopmentLATAM	Profile

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