Trisura Group Correlations

Stocks . Germany . 
Stock . Trisura Group
QPA1 Stock  EUR 23.40  0.40  1.68%   
The current 90-days correlation between Trisura Group and Assured Guaranty is -0.15 (i.e., Good diversification). The correlation of Trisura Group 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.

Trisura Group Correlation With Market

Average diversification

The correlation between Trisura Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trisura Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Trisura Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trisura Group 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 Trisura Group - 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 Trisura Group to buy it.

Moving together with Trisura Stock

  0.713GU nib holdings limitedPairCorr
  0.8427J Impinj IncPairCorr
  0.827J Impinj IncPairCorr
  0.65CXT Carmat SAPairCorr

Moving against Trisura Stock

  0.771NN Neinor Homes SAPairCorr
  0.7OYC Delta Air LinesPairCorr
  0.7XGH ENN Energy HoldingsPairCorr
  0.625F3 JINS HOLDINGS INCPairCorr
  0.63EJ LODESTAR MIN SplitPairCorr
  0.6A2X AAC TECHNOLOGHLDGADRPairCorr
  0.56DHU Assured GuarantyPairCorr
  0.38CMAB Mapfre SAPairCorr
  0.37NTT Nippon TelegraphPairCorr
  0.36LNH Lancashire HoldingsPairCorr
  0.344DH Dana IncPairCorr
  0.33YGB EMPLOYERS HLDGS DLPairCorr
  0.8BSI BE Semiconductor IndPairCorr
  0.72RC2 RCM TECHNOLOGIESPairCorr
  0.713RK Ryohin KeikakuPairCorr
  0.66BMT British American TobaccoPairCorr
  0.6HBM HORNBACH BaumarktPairCorr
  0.6A2P COPLAND ROAD CAPITALPairCorr
  0.583N8 Nabtesco CorpPairCorr
  0.5732B BIALETTI INDUSTRIEPairCorr
  0.54H1Q China BlueChemicalPairCorr
  0.53CZH Choice Hotels InternPairCorr
  0.52CNJ Canon Marketing JapanPairCorr
  0.48OTP OTP Bank NyrtPairCorr
  0.47MEL Meli Hotels InternationalPairCorr

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   
YGB
+ 0.78
DHU
TPW
+ 0.75
Y1F
QPA1
+ 0.71
3GU
YGB
+ 0.67
Y1F
DHU
+ 0.59
Y1F
LNH
+ 0.59
DHU
  
High negative correlations   
LNH
- 0.64
3GU
QPA1
- 0.56
DHU
3GU
- 0.56
DHU
YGB
- 0.42
3GU
QPA1
- 0.38
CMAB
QPA1
- 0.36
LNH

Risk-Adjusted Indicators

There is a big difference between Trisura Stock performing well and Trisura Group 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 Trisura Group'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 Trisura Group 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 Portfolio Suggestion Now

   

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios
All  Next Launch Module

Trisura Group Corporate Management

Elected by the shareholders, the Trisura Group's board of directors comprises two types of representatives: Trisura Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trisura. The board's role is to monitor Trisura Group's management team and ensure that shareholders' interests are well served. Trisura Group'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, Trisura Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael BeasleyCEO CompanyProfile
Eileen SweeneyEx SpecialtyProfile
James DoyleChief OfficerProfile
David ClareCEO and PresidentProfile
George JamesChief SuretyProfile
David ScotlandChief OfficerProfile
Chris SekinePres InsuranceProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY