Impala Platinum Correlations

OTC Stocks . USA . 
Stock . Impala Platinum Holdings
IMPUY Stock  USD 6.54  0.14  2.10%   
The current 90-days correlation between Impala Platinum Holdings and Anglo American Platinum is 0.74 (i.e., Poor diversification). The correlation of Impala Platinum 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.

Impala Platinum Correlation With Market

Good diversification

The correlation between Impala Platinum Holdings and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Impala Platinum Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Impala Platinum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Impala Platinum 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 Impala Platinum - 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 Impala Platinum Holdings to buy it.

Moving together with Impala OTC Stock

  0.67AGPPF Anglo American PlatinumPairCorr
  0.96ANGPY Anglo American PlatinumPairCorr
  0.88IMPUF Impala Platinum HoldingsPairCorr
  0.88FNLPF Fresnillo PLCPairCorr
  0.9BVN Compania de MinasPairCorr
  0.87TFPM Triple Flag PreciousPairCorr
  0.68GLABF Gemina LaboratoriesPairCorr
  0.65ZTLLF ZonetailPairCorr
  0.7NSFDF NXT Energy SolutionsPairCorr
  0.65CVX Chevron CorpPairCorr
  0.65TRV The Travelers CompaniesPairCorr
  0.65VZ Verizon Communications Sell-off TrendPairCorr

Moving against Impala OTC Stock

  0.87DIS Walt DisneyPairCorr
  0.45ZMPLF Zimplats HoldingsPairCorr
  0.45AA Alcoa CorpPairCorr
  0.66MSFT Microsoft Aggressive PushPairCorr
  0.58BAC Bank of America Aggressive PushPairCorr
  0.46CAT CaterpillarPairCorr
  0.45WMT WalmartPairCorr

Related Correlations Analysis

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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   
SBSW
+ 0.91
ANGPY
PLG
+ 0.49
FSUGY
NGLOY
+ 0.27
SBSW
PLG
+ 0.27
NGLOY
NGLOY
+ 0.25
ANGPY
FSUGY
+ 0.25
NGLOY
  
High negative correlations   
FSUGY
- 0.44
ANGPY
FSUGY
- 0.19
SBSW
PLG
- 0.0
ANGPY

Risk-Adjusted Indicators

There is a big difference between Impala OTC Stock performing well and Impala Platinum OTC Stock 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 Impala Platinum'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Impala Platinum 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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Impala Platinum Corporate Management

Elected by the shareholders, the Impala Platinum's board of directors comprises two types of representatives: Impala Platinum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Impala. The board's role is to monitor Impala Platinum's management team and ensure that shareholders' interests are well served. Impala Platinum'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, Impala Platinum's outside directors are responsible for providing unbiased perspectives on the board's policies.
Johan TheronGroup Executive - PeopleProfile
BA BAGroup DirectorProfile
ACIS ACMAChief ZimplatsProfile
BSc BScCEO DirectorProfile
Sifiso SibiyaGroup MarketingProfile
Tebogo LlaleCompany SecretaryProfile
Jonathan AndrewsGroup SafetyProfile
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