Yancoal Australia Correlations
| YA1 Stock | EUR 3.71 0.01 0.27% |
The current 90-days correlation between Yancoal Australia and Automatic Data Processing is -0.21 (i.e., Very good diversification). The correlation of Yancoal Australia 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.
Yancoal Australia Correlation With Market
Average diversification
The correlation between Yancoal Australia 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 Yancoal Australia and DJI in the same portfolio, assuming nothing else is changed.
Yancoal |
The ability to find closely correlated positions to Yancoal Australia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yancoal Australia 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 Yancoal Australia - 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 Yancoal Australia to buy it.
Moving together with Yancoal Stock
| 0.75 | YZCA | Yanzhou Coal Mining | PairCorr |
| 0.64 | YZC | Yanzhou Coal Mining | PairCorr |
| 0.7 | PBE | Peabody Energy | PairCorr |
| 0.77 | PJM | PT Bumi Resources | PairCorr |
| 0.66 | OD8 | New Hope | PairCorr |
Moving against Yancoal Stock
| 0.61 | GD6 | Ramsay Gnrale de | PairCorr |
| 0.5 | HVB | STRA Hannoversche | PairCorr |
| 0.46 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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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 Yancoal Stock performing well and Yancoal Australia 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 Yancoal Australia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| D6H | 1.72 | 0.30 | 0.09 | (2.04) | 1.72 | 3.85 | 13.89 | |||
| I43 | 1.13 | 0.20 | 0.05 | (2.80) | 1.24 | 2.99 | 7.95 | |||
| ADP | 0.82 | 0.15 | 0.08 | 0.51 | 0.63 | 2.06 | 5.19 | |||
| USX1 | 1.98 | 0.03 | 0.03 | 0.14 | 2.25 | 5.42 | 14.09 | |||
| CMR | 1.80 | 0.39 | 0.08 | (0.84) | 1.93 | 5.74 | 20.95 | |||
| TLIK | 1.90 | (0.30) | 0.00 | 1.89 | 0.00 | 3.26 | 12.14 | |||
| 7JZ | 2.54 | 0.08 | 0.01 | 0.22 | 3.45 | 6.31 | 17.92 | |||
| 3FNA | 2.95 | 0.74 | 0.16 | 10.68 | 3.35 | 7.61 | 27.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Yancoal Australia 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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Yancoal Australia Corporate Management
Elected by the shareholders, the Yancoal Australia's board of directors comprises two types of representatives: Yancoal Australia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yancoal. The board's role is to monitor Yancoal Australia's management team and ensure that shareholders' interests are well served. Yancoal Australia'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, Yancoal Australia's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ning FCPA | CoVice Chairman | Profile | |
| Mark Salem | Exec Marketing | Profile | |
| BA MA | Compliance Legal | Profile | |
| Frank Fulham | Chief Officer | Profile | |
| Bill McKinstrey | Exec Operations | Profile | |
| Brendan Fitzpatrick | Gen Relations | Profile | |
| MBA CEng | Chief Officer | Profile |