Centuria Capital Correlations
| CNI Stock | 1.61 0.04 2.55% |
The current 90-days correlation between Centuria Capital and Super Retail Group is 0.22 (i.e., Modest diversification). The correlation of Centuria Capital 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.
Centuria Capital Correlation With Market
Average diversification
The correlation between Centuria Capital and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centuria Capital and DJI in the same portfolio, assuming nothing else is changed.
Centuria |
The ability to find closely correlated positions to Centuria Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centuria Capital 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 Centuria Capital - 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 Centuria Capital to buy it.
Moving together with Centuria Stock
Moving against Centuria Stock
| 0.84 | FRE | Firebrick Pharma | PairCorr |
| 0.79 | PNR | Pantoro | PairCorr |
| 0.78 | ATM | Aneka Tambang Tbk | PairCorr |
| 0.57 | MQGPD | Macquarie Group | PairCorr |
| 0.51 | EIQ | ECHOIQ LIMITED | PairCorr |
| 0.4 | INA | Ingenia Communities | PairCorr |
| 0.38 | LTR | Liontown Resources | PairCorr |
| 0.33 | RIO | Rio Tinto | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Centuria Stock performing well and Centuria Capital 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 Centuria Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POL | 2.92 | 0.09 | 0.03 | 0.08 | 3.44 | 7.59 | 20.63 | |||
| SUL | 1.22 | (0.06) | 0.00 | (0.19) | 0.00 | 2.45 | 17.38 | |||
| SLB | 1.45 | (0.27) | 0.00 | 0.45 | 0.00 | 3.13 | 13.60 | |||
| CQR | 0.80 | 0.18 | 0.28 | 3.92 | 0.69 | 1.55 | 4.53 | |||
| 29M | 2.33 | (0.40) | 0.00 | (0.58) | 0.00 | 5.56 | 12.88 | |||
| DXC | 0.98 | (0.03) | 0.00 | 0.08 | 0.00 | 1.79 | 6.45 | |||
| CIP | 0.84 | 0.09 | 0.12 | (4.91) | 1.11 | 1.75 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Centuria Capital 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?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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Centuria Capital Corporate Management
Elected by the shareholders, the Centuria Capital's board of directors comprises two types of representatives: Centuria Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Centuria. The board's role is to monitor Centuria Capital's management team and ensure that shareholders' interests are well served. Centuria Capital'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, Centuria Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Victor Georos | Head Management | Profile | |
| Andrew Essey | Head Transactions | Profile | |
| Natalie Powell | Chief Officer | Profile | |
| Andrew Hemming | Managing Heathcare | Profile | |
| Brad Watson | Head Distribution | Profile | |
| Ross Lees | Head Management | Profile |