Vodacom Group Correlations
| VOD Stock | 11,678 46.00 0.40% |
The current 90-days correlation between Vodacom Group and Afine Investments is 0.01 (i.e., Significant diversification). The correlation of Vodacom 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.
Vodacom Group Correlation With Market
Significant diversification
The correlation between Vodacom Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vodacom Group and DJI in the same portfolio, assuming nothing else is changed.
Vodacom |
The ability to find closely correlated positions to Vodacom 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 Vodacom 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 Vodacom 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 Vodacom Group to buy it.
Moving together with Vodacom Stock
Moving against Vodacom Stock
| 0.92 | TRU | Truworths International | PairCorr |
| 0.81 | FBR | Famous Brands | PairCorr |
| 0.74 | TSG | Tsogo Sun | PairCorr |
| 0.7 | CLS | Clicks | PairCorr |
| 0.6 | TGA | Thungela Resources | PairCorr |
| 0.6 | PIK | Pick N Pay | PairCorr |
| 0.57 | HUG | Huge Group | PairCorr |
| 0.55 | ANI | Afine Investments | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Vodacom Stock performing well and Vodacom 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 Vodacom 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANI | 0.69 | (0.05) | 0.00 | 0.22 | 0.00 | 0.00 | 26.88 | |||
| HCI | 1.13 | (0.34) | 0.00 | (0.93) | 0.00 | 2.00 | 5.48 | |||
| LSK | 1.13 | (0.13) | 0.00 | (0.57) | 0.00 | 2.78 | 13.72 | |||
| RCL | 1.54 | (0.01) | 0.00 | (0.37) | 0.00 | 3.04 | 15.85 | |||
| AEL | 1.39 | (0.10) | 0.00 | 0.26 | 0.00 | 2.30 | 8.66 | |||
| SAR | 1.54 | 0.10 | 0.03 | 0.45 | 2.42 | 6.19 | 18.62 | |||
| BYI | 1.72 | 0.25 | 0.18 | (1.15) | 1.57 | 3.75 | 15.52 | |||
| AME | 1.05 | 0.00 | 0.02 | (0.08) | 1.93 | 5.19 | 17.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vodacom 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?
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Vodacom Group Corporate Management
Elected by the shareholders, the Vodacom Group's board of directors comprises two types of representatives: Vodacom Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vodacom. The board's role is to monitor Vodacom Group's management team and ensure that shareholders' interests are well served. Vodacom 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, Vodacom Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| T Ralebitso | Managing Ventures | Profile | |
| Dejan Kastelic | Chief Officer | Profile | |
| Diego Gutierrez | Chief Bus | Profile | |
| Nkateko Nyoka | Chief Compliance | Profile | |
| Matimba Mbungela | Chief Officer | Profile | |
| Johan Graan | Chief Officer | Profile |