CAPELLA MINERALS Correlations

N7D2 Stock  EUR 0.02  0.01  40.00%   
The correlation of CAPELLA MINERALS 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.

CAPELLA MINERALS Correlation With Market

CAPELLADowDiversified AwayCAPELLADowDiversified Away100%

Significant diversification

The correlation between CAPELLA MINERALS LTD and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CAPELLA MINERALS LTD and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CAPELLA MINERALS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CAPELLA MINERALS 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 CAPELLA MINERALS - 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 CAPELLA MINERALS LTD to buy it.

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   
1IUA4S
DC7NRM
A4SDC7
EEWNRM
A4SNRM
1IUDC7
  
High negative correlations   
1IUUN9
A4SUN9
1IUOA9
A4SOA9
DC7OA9
UN9OA9

Risk-Adjusted Indicators

There is a big difference between CAPELLA Stock performing well and CAPELLA MINERALS 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 CAPELLA MINERALS'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 CAPELLA MINERALS 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 Economic Indicators Now

   

Economic Indicators

Top statistical indicators that provide insights into how an economy is performing
All  Next Launch Module

CAPELLA MINERALS Corporate Executives

Elected by the shareholders, the CAPELLA MINERALS's board of directors comprises two types of representatives: CAPELLA MINERALS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CAPELLA. The board's role is to monitor CAPELLA MINERALS's management team and ensure that shareholders' interests are well served. CAPELLA MINERALS'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, CAPELLA MINERALS's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sharon CooperChief Financial OfficerProfile