Jumbo SA Correlations

BELA Stock  EUR 28.70  0.16  0.56%   
The correlation of Jumbo SA 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jumbo SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jumbo SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Average diversification

The correlation between Jumbo SA and NYA is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jumbo SA and NYA in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jumbo SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
  
The ability to find closely correlated positions to Jumbo SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jumbo SA 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 Jumbo SA - 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 Jumbo SA to buy it.

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Risk-Adjusted Indicators

There is a big difference between Jumbo Stock performing well and Jumbo SA 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 Jumbo SA'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 Jumbo SA 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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Jumbo SA Corporate Management

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

Already Invested in Jumbo SA?

The danger of trading Jumbo SA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Jumbo SA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Jumbo SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Jumbo SA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jumbo SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Jumbo SA's price analysis, check to measure Jumbo SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jumbo SA is operating at the current time. Most of Jumbo SA's value examination focuses on studying past and present price action to predict the probability of Jumbo SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jumbo SA's price. Additionally, you may evaluate how the addition of Jumbo SA to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Jumbo SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jumbo SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jumbo SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.