Madulsima Plantations Correlations
| MADUN0000 | LKR 13.80 0.10 0.72% |
The current 90-days correlation between Madulsima Plantations PLC and HVA Foods PLC is 0.06 (i.e., Significant diversification). The correlation of Madulsima Plantations 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.
Madulsima Plantations Correlation With Market
Good diversification
The correlation between Madulsima Plantations PLC and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madulsima Plantations PLC and DJI in the same portfolio, assuming nothing else is changed.
Madulsima |
The ability to find closely correlated positions to Madulsima Plantations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madulsima Plantations 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 Madulsima Plantations - 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 Madulsima Plantations PLC to buy it.
Moving together with Madulsima Stock
| 0.75 | PLRN0000 | Prime Lands Residencies | PairCorr |
| 0.84 | JATN0000 | Jat Holdings PLC | PairCorr |
| 0.75 | EMLN0000 | E M L | PairCorr |
| 0.78 | LCBFN0000 | Lanka Credit | PairCorr |
| 0.76 | PACKN0000 | EX PACK RUGATED | PairCorr |
Moving against Madulsima Stock
Related Correlations Analysis
| -0.11 | 0.65 | 0.82 | 0.91 | 0.35 | 0.76 | 0.84 | HVAN0000 | ||
| -0.11 | -0.16 | -0.16 | -0.13 | -0.05 | -0.4 | -0.17 | CHLN0000 | ||
| 0.65 | -0.16 | 0.74 | 0.77 | 0.55 | 0.79 | 0.88 | AAICN0000 | ||
| 0.82 | -0.16 | 0.74 | 0.85 | 0.29 | 0.74 | 0.89 | CINSN0000 | ||
| 0.91 | -0.13 | 0.77 | 0.85 | 0.49 | 0.81 | 0.92 | PINSN0000 | ||
| 0.35 | -0.05 | 0.55 | 0.29 | 0.49 | 0.42 | 0.55 | SINHN0000 | ||
| 0.76 | -0.4 | 0.79 | 0.74 | 0.81 | 0.42 | 0.85 | JINSN0000 | ||
| 0.84 | -0.17 | 0.88 | 0.89 | 0.92 | 0.55 | 0.85 | LMFN0000 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Madulsima Stock performing well and Madulsima Plantations 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 Madulsima Plantations' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HVAN0000 | 2.65 | 0.50 | 0.10 | (0.46) | 2.53 | 6.45 | 36.11 | |||
| CHLN0000 | 1.06 | (0.13) | 0.00 | (1.77) | 0.00 | 2.78 | 9.34 | |||
| AAICN0000 | 1.66 | 0.21 | 0.11 | 0.31 | 1.65 | 4.63 | 10.64 | |||
| CINSN0000 | 1.36 | 0.43 | 0.09 | (0.45) | 1.40 | 5.51 | 16.52 | |||
| PINSN0000 | 1.86 | 0.58 | 0.26 | 5.69 | 1.45 | 5.33 | 12.67 | |||
| SINHN0000 | 2.04 | 0.21 | 0.04 | 0.56 | 2.18 | 4.35 | 16.20 | |||
| JINSN0000 | 1.61 | 0.50 | 0.34 | (3.22) | 0.95 | 5.32 | 10.72 | |||
| LMFN0000 | 2.05 | 0.76 | 0.43 | 2.87 | 1.16 | 7.24 | 11.41 |
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