Jatcorp Correlations

JAT Stock

0.16 0.01 5.88%

The current 90-days correlation between Jatcorp and Norwest Minerals is 0.01 (i.e., Significant diversification). The correlation of Jatcorp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jatcorp Correlation With Market

Significant diversification

The correlation between Jatcorp 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 Jatcorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Jatcorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jatcorp 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 Jatcorp - 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 Jatcorp to buy it.

Moving against Jatcorp Stock

0.94	TRM	Truscott Mining	Pair Corr
0.84	EVZ	EVZ	Pair Corr
0.83	ANZ	ANZ Group Holdings	Pair Corr
0.83	CBAPJ	Commonwealth Bank	Pair Corr
0.8	AEI	Aeris Environmental	Pair Corr
0.77	MFD	Mayfield Childcare	Pair Corr
0.76	RIO	RIO Tinto	Pair Corr
0.7	SIX	Sprintex	Pair Corr
0.68	AHX	Apiam Animal Health	Pair Corr
0.68	LVE	Love Group Global	Pair Corr
0.63	AN3PI	Australia and New	Pair Corr
0.57	BHP	BHP Group	Pair Corr
0.54	RSG	Resolute Mining	Pair Corr
0.54	WBCPJ	Westpac Banking Earnings Call This Week	Pair Corr
0.49	RAC	Race Oncology	Pair Corr
0.48	ORE	Orezone Gold	Pair Corr
0.48	KEY	KEY Petroleum	Pair Corr
0.46	MBLPC	Macquarie Bank	Pair Corr
0.44	EHL	Emeco Holdings	Pair Corr
0.39	IMU	Imugene	Pair Corr
0.85	SUNPH	Suncorp Group	Pair Corr
0.82	QUE	Queste Communications	Pair Corr
0.82	NABPH	National Australia Bank	Pair Corr
0.79	CMM	Capricorn Metals	Pair Corr
0.78	KCC	Kincora Copper Split	Pair Corr
0.75	PRU	Perseus Mining	Pair Corr
0.75	ASG	Autosports Group	Pair Corr
0.74	FSA	FSA Group	Pair Corr
0.72	CBAPI	Commonwealth Bank	Pair Corr
0.71	BGP	Briscoe Group Australasia	Pair Corr
0.69	GMD	Genesis Minerals	Pair Corr

Related Correlations Analysis

	AKP	NWM	AUR	OZM	HE8	RIM	TVN	MDI	TRM	IMI
AKP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AKP
NWM	0.0		0.02	0.49	0.07	0.29	-0.16	0.24	0.03	-0.04	NWM
AUR	0.0	0.02		0.03	-0.87	-0.45	0.86	-0.78	0.85	0.63	AUR
OZM	0.0	0.49	0.03		0.02	0.5	-0.08	0.38	0.29	0.26	OZM
HE8	0.0	0.07	-0.87	0.02		0.39	-0.92	0.75	-0.86	-0.62	HE8
RIM	0.0	0.29	-0.45	0.5	0.39		-0.5	0.59	-0.15	-0.06	RIM
TVN	0.0	-0.16	0.86	-0.08	-0.92	-0.5		-0.79	0.84	0.68	TVN
MDI	0.0	0.24	-0.78	0.38	0.75	0.59	-0.79		-0.62	-0.53	MDI
TRM	0.0	0.03	0.85	0.29	-0.86	-0.15	0.84	-0.62		0.79	TRM
IMI	0.0	-0.04	0.63	0.26	-0.62	-0.06	0.68	-0.53	0.79		IMI
	AKP	NWM	AUR	OZM	HE8	RIM	TVN	MDI	TRM	IMI

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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

TVN	+ 0.86	AUR
TRM	+ 0.85	AUR
TRM	+ 0.84	TVN
IMI	+ 0.79	TRM
MDI	+ 0.75	HE8
IMI	+ 0.68	TVN

High negative correlations

TVN	- 0.92	HE8
HE8	- 0.87	AUR
TRM	- 0.86	HE8
MDI	- 0.79	TVN
MDI	- 0.78	AUR
TRM	- 0.62	MDI

Risk-Adjusted Indicators

There is a big difference between Jatcorp Stock performing well and Jatcorp 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 Jatcorp'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
AKP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWM	6.76	0.14	0.02	0.17	7.00	(10.38)	16.67	(9.09)	40.38
AUR	9.82	2.35	0.16	1.24	8.86	(19.56)	30.00	(22.22)	105.93
OZM	4.29	(0.04)	(0.01)	0.01	4.80	(6.16)	10.91	(8.57)	30.53
HE8	3.81	(0.59)	0.00	1.05	0.00	0.00	9.09	(9.09)	25.73
RIM	7.12	0.37	0.04	0.26	7.58	(9.91)	15.38	(14.29)	41.83
TVN	3.83	1.36	0.20	6.46	2.53	(8.81)	10.00	(5.56)	28.00
MDI	5.33	(0.84)	0.00	(0.20)	0.00	0.00	13.64	(13.64)	33.94
TRM	1.75	0.89	0.00	2.65	0.00	0.00	5.26	0.00	21.04
IMI	6.27	0.51	0.05	0.32	6.65	(11.01)	16.67	(14.29)	33.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jatcorp 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.

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Jatcorp Corporate Management

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

Zhiguo Zhang	COO Director	Profile
Yang Li	Chief Officer	Profile
BJuris LLB	Company Sec	Profile
Zhan Wang	MD Director	Profile

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