SAGA PLC Correlations

Stocks . Germany . 
Stock . SAGA PLC LS
65J Stock  EUR 6.30  0.10  1.61%   
The current 90-days correlation between SAGA PLC LS and Addus HomeCare is -0.07 (i.e., Good diversification). The correlation of SAGA PLC 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.

SAGA PLC Correlation With Market

Very poor diversification

The correlation between SAGA PLC LS and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAGA PLC LS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SAGA PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAGA PLC 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 SAGA PLC - 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 SAGA PLC LS to buy it.

Moving together with SAGA Stock

  0.92JMI Deep Yellow LimitedPairCorr
  0.74FTD FINDE TUBIZE ACTNOUVPairCorr
  0.69HSY HERSHEYPairCorr
  0.93WCE CECO ENVIRONMENTALPairCorr
  0.75NPV Nippon CarbonPairCorr
  0.732G0 Food Life CompaniesPairCorr
  0.9H3M Hochschild Mining plcPairCorr
  0.71MSI Mitsui ChemicalsPairCorr
  0.87O3I FLOW TRADERS LTDPairCorr
  0.79ENI Eni SpAPairCorr
  0.87NEF Neste OyjPairCorr
  0.92WWR Woolworths GroupPairCorr
  0.74317A STINGRAY GROUP INCPairCorr
  0.84LPK LPKF Laser ElectronicsPairCorr
  0.847YZ THARISA NON LISTPairCorr
  0.69TCW TOKYU STRUCTIONPairCorr
  0.787GA Gestamp AutomociónPairCorr
  0.72PRHA Prosegur Compaa dePairCorr
  0.88LLD2 Lloyds Banking Group Earnings Call This WeekPairCorr
  0.87KGHA KGHM Polska MiedzPairCorr
  0.786IC Iridium CommunicationsPairCorr
  0.84ALV Allianz SEPairCorr
  0.86GLDA Amundi Physical GoldPairCorr
  0.84DJDA DIeteren Group SAPairCorr
  0.62FOJ1 Premier Foods PLCPairCorr
  0.82NCO Nedbank Group LimitedPairCorr
  0.9301H HORIBAPairCorr

Moving against SAGA Stock

  0.73DBPD Xtrackers ShortDAXPairCorr
  0.644AH1 PT Ace HardwarePairCorr

Related Correlations Analysis


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

CZ2
+ 0.8
CTO0
CTO0
+ 0.56
8BJ
CZ2
+ 0.56
8BJ
RSO
+ 0.36
CTO0
CZ2
+ 0.36
RSO
JUU
+ 0.34
A41
  

High negative correlations

CTO0
- 0.45
A41
RSO
- 0.43
A41
CZ2
- 0.33
A41
A41
- 0.32
8BJ
JUU
- 0.31
8BJ
JUU
- 0.21
CTO0

Risk-Adjusted Indicators

There is a big difference between SAGA Stock performing well and SAGA PLC 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 SAGA PLC'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 SAGA PLC 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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SAGA PLC Corporate Management

Elected by the shareholders, the SAGA PLC's board of directors comprises two types of representatives: SAGA PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAGA. The board's role is to monitor SAGA PLC's management team and ensure that shareholders' interests are well served. SAGA PLC'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, SAGA PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Victoria HaynesGroup SecretaryProfile
Roisin MackenzieChief OfficerProfile
Lynn FournierHead AuditProfile
Michael ODonohueChief OfficerProfile
Sharnj SandhuInterim TreasuryProfile
David PalmerChief OfficerProfile
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