SEAL Incorporated Correlations

4286 Stock

0.68 0.01 1.49%

The current 90-days correlation between SEAL Incorporated Bhd and Minetech Resources Bhd is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SEAL Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SEAL Incorporated Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SEAL Incorporated Correlation With Market

Significant diversification

The correlation between SEAL Incorporated Bhd and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEAL Incorporated Bhd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SEAL Stock

0.58	3255	Heineken Bhd	Pair Corr
0.56	2836	Carlsberg Brewery	Pair Corr
0.49	8206	Eco World Develop	Pair Corr
0.49	5292	Uwc Bhd	Pair Corr
0.38	8583	Mah Sing Group	Pair Corr

Related Correlations Analysis

	0029	7219	0040	3379	5310	0148	0097	4324
0029		-0.09	0.21	0.11	-0.27	-0.21	0.22	-0.01	0029
7219	-0.09		-0.18	-0.39	-0.23	-0.14	0.28	0.03	7219
0040	0.21	-0.18		0.46	-0.37	-0.17	0.59	0.01	0040
3379	0.11	-0.39	0.46		0.35	0.56	0.0	0.31	3379
5310	-0.27	-0.23	-0.37	0.35		0.62	-0.51	0.02	5310
0148	-0.21	-0.14	-0.17	0.56	0.62		-0.32	0.2	0148
0097	0.22	0.28	0.59	0.0	-0.51	-0.32		0.06	0097
4324	-0.01	0.03	0.01	0.31	0.02	0.2	0.06		4324
	0029	7219	0040	3379	5310	0148	0097	4324

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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

0148	+ 0.62	5310
0097	+ 0.59	0040
0148	+ 0.56	3379
3379	+ 0.46	0040
5310	+ 0.35	3379
4324	+ 0.31	3379

High negative correlations

0097	- 0.51	5310
3379	- 0.39	7219
5310	- 0.37	0040
0097	- 0.32	0148
5310	- 0.27	0029
5310	- 0.23	7219

Risk-Adjusted Indicators

There is a big difference between SEAL Stock performing well and SEAL Incorporated 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 SEAL Incorporated'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
0029	3.83	0.08	0.00	0.87	4.88	(12.73)	10.00	(9.09)	36.67
7219	2.21	0.00	(0.01)	0.12	2.83	(9.21)	7.69	(7.14)	20.95
0040	0.62	(0.09)	0.00	0.41	0.00	0.00	2.78	(2.70)	5.48
3379	0.97	(0.26)	0.00	(0.67)	0.00	0.00	1.96	(2.86)	5.14
5310	1.26	0.04	(0.05)	(0.26)	1.30	(2.12)	2.78	(2.67)	8.15
0148	0.65	0.01	(0.04)	0.00	1.03	(3.06)	3.03	(2.94)	6.16
0097	2.04	(0.30)	0.00	(0.22)	0.00	0.00	4.55	(4.56)	12.85
4324	2.68	(0.01)	0.00	0.14	0.00	0.00	5.79	(5.12)	32.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in SEAL Incorporated 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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