JSE Correlations

JSEJF Stock  USD 6.65  0.00  0.00%   
The current 90-days correlation between JSE Limited and TMX Group Limited is 0.19 (i.e., Average diversification). The correlation of JSE 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.

JSE Correlation With Market

Average diversification

The correlation between JSE Limited 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 JSE Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to JSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JSE 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 JSE - 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 JSE Limited to buy it.

Moving together with JSE Pink Sheet

  0.62CME CME GroupPairCorr
  0.68NDAQ Nasdaq IncPairCorr
  0.76NVDA NVIDIA Aggressive PushPairCorr
  0.73CBOBA Community BankPairCorr
  0.7MCY Mercury GeneralPairCorr
  0.7KKR KKR Co LPPairCorr
  0.85CSCO Cisco Systems Aggressive PushPairCorr
  0.68MSTR MicroStrategy IncorporatedPairCorr
  0.64LULU Lululemon AthleticaPairCorr

Moving against JSE Pink Sheet

  0.66TLK Telkom Indonesia TbkPairCorr
  0.62PPERY Bank Mandiri PerseroPairCorr
  0.59PPERF Bank Mandiri PerseroPairCorr
  0.49PTAIY Astra International TbkPairCorr
  0.42BKRKF PT Bank RakyatPairCorr
  0.39SPGI SP GlobalPairCorr
  0.55PBCRY Bank Central AsiaPairCorr
  0.38PBCRF PT Bank CentralPairCorr
  0.35EQLB Eq Energy DrinkPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

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

E HaniffManaging ServicesProfile
Romy FoltanInvestor Relations OfficerProfile
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