Ceylon Guardian Correlations

GUARN0000

LKR 110.00 0.75 0.68%

The current 90-days correlation between Ceylon Guardian Inve and Jat Holdings PLC is 0.2 (i.e., Modest diversification). The correlation of Ceylon Guardian 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.

Ceylon Guardian Correlation With Market

Significant diversification

The correlation between Ceylon Guardian Investment and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ceylon Guardian Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ceylon Stock

0.66	PLRN0000	Prime Lands Residencies	Pair Corr
0.75	JATN0000	Jat Holdings PLC	Pair Corr
0.75	EMLN0000	E M L	Pair Corr
0.79	LCBFN0000	Lanka Credit	Pair Corr
0.81	VLLX0000	VIDULLANKA PLC	Pair Corr
0.86	PACKN0000	EX PACK RUGATED	Pair Corr

Moving against Ceylon Stock

0.38

SFCLN0000

Senkadagala Finance PLC

Pair Corr

Related Correlations Analysis

	JATN0000	LCBFN0000	VLLX0000	CARSN0000	PINSN0000	NTBN0000	MRHN0000	DISTN0000	PALMN0000	SHOTN0000
JATN0000		0.69	0.55	0.86	0.83	0.9	0.84	0.84	0.89	0.92	JATN0000
LCBFN0000	0.69		0.57	0.47	0.76	0.65	0.47	0.61	0.65	0.62	LCBFN0000
VLLX0000	0.55	0.57		0.51	0.5	0.76	0.32	0.67	0.55	0.67	VLLX0000
CARSN0000	0.86	0.47	0.51		0.68	0.89	0.78	0.85	0.8	0.87	CARSN0000
PINSN0000	0.83	0.76	0.5	0.68		0.76	0.74	0.73	0.87	0.82	PINSN0000
NTBN0000	0.9	0.65	0.76	0.89	0.76		0.74	0.9	0.86	0.94	NTBN0000
MRHN0000	0.84	0.47	0.32	0.78	0.74	0.74		0.63	0.87	0.84	MRHN0000
DISTN0000	0.84	0.61	0.67	0.85	0.73	0.9	0.63		0.71	0.8	DISTN0000
PALMN0000	0.89	0.65	0.55	0.8	0.87	0.86	0.87	0.71		0.94	PALMN0000
SHOTN0000	0.92	0.62	0.67	0.87	0.82	0.94	0.84	0.8	0.94		SHOTN0000
	JATN0000	LCBFN0000	VLLX0000	CARSN0000	PINSN0000	NTBN0000	MRHN0000	DISTN0000	PALMN0000	SHOTN0000

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Risk-Adjusted Indicators

There is a big difference between Ceylon Stock performing well and Ceylon Guardian 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 Ceylon Guardian'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
JATN0000	1.73	0.52	0.29	2.17	1.06	(2.46)	4.47	(2.18)	8.09
LCBFN0000	2.71	0.37	0.07	0.55	2.60	(5.18)	5.00	(4.55)	14.07
VLLX0000	1.50	0.10	0.02	0.23	2.29	(2.57)	4.56	(2.22)	21.17
CARSN0000	1.27	0.31	0.06	(0.65)	1.20	(1.98)	3.73	(3.10)	10.23
PINSN0000	1.62	0.48	0.18	(1.50)	1.22	(2.29)	4.76	(2.22)	9.76
NTBN0000	1.31	0.59	0.39	(2.27)	0.58	(1.75)	3.96	(1.86)	5.90
MRHN0000	2.53	0.87	0.18	(0.86)	2.08	(3.85)	8.70	(5.00)	20.33
DISTN0000	1.02	0.54	0.36	(1.97)	0.33	(1.35)	3.24	(1.22)	6.36
PALMN0000	1.86	0.71	0.31	(0.73)	0.99	(2.75)	6.26	(2.53)	11.85
SHOTN0000	1.92	0.69	0.30	4.98	1.34	(2.51)	6.06	(2.50)	11.02

Be your own money manager

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