Computershare Correlations

CMSQY Stock

USD 21.58 0.11 0.51%

The current 90-days correlation between Computershare ADR and Evercore Partners is 0.08 (i.e., Significant diversification). The correlation of Computershare 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.

Computershare Correlation With Market

Average diversification

The correlation between Computershare Ltd ADR and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Computershare Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Computershare Pink Sheet

0.72	MS	Morgan Stanley Earnings Call This Week	Pair Corr
0.84	GS	Goldman Sachs Group Earnings Call This Week	Pair Corr
0.61	CGXYY	China Galaxy Securities	Pair Corr
0.68	SCHW	Charles Schwab Corp Earnings Call This Week	Pair Corr
0.91	IBKR	Interactive Brokers Earnings Call This Week	Pair Corr
0.83	MS-PA	Morgan Stanley Earnings Call This Week	Pair Corr
0.9	AI	C3 Ai Inc	Pair Corr
0.75	MC	Moelis	Pair Corr
0.79	EHGO	Eshallgo Class A	Pair Corr
0.79	UPST	Upstart Holdings	Pair Corr
0.67	PSTG	Pure Storage	Pair Corr
0.73	AAPL	Apple Inc	Pair Corr
0.77	FSLY	Fastly Inc	Pair Corr
0.93	SHOP	Shopify	Pair Corr
0.93	TDUP	ThredUp	Pair Corr
0.9	RITM-PC	Rithm Capital Corp	Pair Corr
0.93	DIS	Walt Disney	Pair Corr
0.7	MO	Altria Group	Pair Corr
0.96	BKSY	Blacksky Technology	Pair Corr
0.86	EQIX	Equinix	Pair Corr
0.91	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.73	GOOGL	Alphabet Class A Aggressive Push	Pair Corr

Moving against Computershare Pink Sheet

0.92	BKRKY	Bank Rakyat	Pair Corr
0.89	PPERY	Bank Mandiri Persero	Pair Corr
0.87	PPERF	Bank Mandiri Persero	Pair Corr
0.84	PBCRY	Bank Central Asia	Pair Corr
0.76	MS-PK	Morgan Stanley Earnings Call This Week	Pair Corr
0.76	PBCRF	PT Bank Central	Pair Corr
0.76	TLK	Telkom Indonesia Tbk	Pair Corr
0.75	BKRKF	PT Bank Rakyat	Pair Corr
0.67	PTAIY	Astra International Tbk	Pair Corr
0.5	TLKMF	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	GMPW	AXTG	VTXB	SYSX	CBTC	EVR	PJT	MC	PWP	JEF
GMPW		-0.26	0.71	0.0	0.41	-0.31	-0.64	-0.51	-0.57	-0.79	GMPW
AXTG	-0.26		-0.06	0.0	0.23	0.42	0.35	0.32	0.42	0.3	AXTG
VTXB	0.71	-0.06		0.0	0.48	-0.01	-0.37	-0.3	-0.33	-0.56	VTXB
SYSX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SYSX
CBTC	0.41	0.23	0.48	0.0		0.55	0.17	0.26	0.32	-0.08	CBTC
EVR	-0.31	0.42	-0.01	0.0	0.55		0.87	0.88	0.91	0.65	EVR
PJT	-0.64	0.35	-0.37	0.0	0.17	0.87		0.95	0.96	0.91	PJT
MC	-0.51	0.32	-0.3	0.0	0.26	0.88	0.95		0.93	0.83	MC
PWP	-0.57	0.42	-0.33	0.0	0.32	0.91	0.96	0.93		0.86	PWP
JEF	-0.79	0.3	-0.56	0.0	-0.08	0.65	0.91	0.83	0.86		JEF
	GMPW	AXTG	VTXB	SYSX	CBTC	EVR	PJT	MC	PWP	JEF

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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

PWP	+ 0.96	PJT
MC	+ 0.95	PJT
PWP	+ 0.93	MC
PWP	+ 0.91	EVR
JEF	+ 0.91	PJT
MC	+ 0.88	EVR

High negative correlations

JEF	- 0.79	GMPW
PJT	- 0.64	GMPW
PWP	- 0.57	GMPW
JEF	- 0.56	VTXB
MC	- 0.51	GMPW
PJT	- 0.37	VTXB

Risk-Adjusted Indicators

There is a big difference between Computershare Pink Sheet performing well and Computershare 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 Computershare'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
GMPW	11.19	1.48	0.07	(0.25)	12.53	(32.16)	47.92	(16.67)	112.69
AXTG	42.56	15.92	0.26	0.86	24.36	(133.31)	180.00	(60.00)	462.34
VTXB	9.32	1.33	0.05	0.69	10.58	(37.50)	33.33	(25.00)	83.33
SYSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBTC	8.86	0.27	0.03	0.16	8.63	(13.61)	18.18	(15.38)	57.21
EVR	1.62	0.15	0.07	0.37	1.94	(1.89)	2.73	(2.74)	22.35
PJT	1.48	0.23	0.12	0.42	1.44	(1.63)	3.24	(2.78)	20.73
MC	1.61	0.16	0.08	0.32	1.73	(1.84)	3.37	(3.04)	22.95
PWP	1.95	0.23	0.10	0.98	1.94	(2.32)	3.45	(2.62)	23.66
JEF	1.23	0.36	0.23	0.82	1.15	(1.39)	2.48	(2.13)	15.51

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