Sea Correlations

Stocks . Germany . 
Stock . Sea Limited
931 Stock  EUR 108.20  0.80  0.74%   
The current 90-days correlation between Sea Limited and AECOM TECHNOLOGY is -0.17 (i.e., Good diversification). The correlation of Sea 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.

Sea Correlation With Market

Average diversification

The correlation between Sea Limited and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sea Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sea 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 Sea - 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 Sea Limited to buy it.

Moving together with Sea Stock

  0.79NTO NintendoPairCorr
  0.77NTOA NintendoPairCorr
  0.66ERT Electronic ArtsPairCorr
  0.89TKE Take Two InteractivePairCorr
  0.89AC8 Aristocrat LeisurePairCorr
  0.67CEK CEOTRONICS DusseldorfPairCorr
  0.73SDP Summit Hotel PropertiesPairCorr
  0.84IUI1 Intuitive Surgical Earnings Call This WeekPairCorr
  0.92CE1 Perdoceo EducationPairCorr
  0.76CFC UET United ElectronicPairCorr
  0.81BOV Apyx Medical CorpPairCorr
  0.87BN9 Bank of New York MellonPairCorr
  0.76AZ5 AUTOZONE DusseldorfPairCorr
  0.92LIE SUN LIFE FINANCIALPairCorr
  0.72C8C Consolidated CommunicationsPairCorr
  0.69MTX MTU Aero EnginesPairCorr
  0.83ZFI1 Zurich InsurancePairCorr
  0.781FA SPROUTS FARMERS MKTPairCorr
  0.9RHM Rheinmetall AGPairCorr
  0.63GIFN GigaMediaPairCorr
  0.75FDX FedExPairCorr
  0.75APC Apple IncPairCorr

Moving against Sea Stock

  0.877NX NEXONPairCorr
  0.66HVB STRA HannoverschePairCorr
  0.64GD6 Ramsay Gnrale dePairCorr
  0.6171BA BilibiliPairCorr

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   
UN3
+ 0.94
D4V
TF7A
+ 0.72
E6Z
UN3
+ 0.71
T6W
T6W
+ 0.69
D4V
D4V
+ 0.61
E6Z
UN3
+ 0.61
E6Z
  
High negative correlations   
TF7A
- 0.0
TQ4
UN3
- 0.0
TQ4
TQ4
- 0.0
T6W
TQ4
- 0.0
D4V
TQ4
- 0.0
E6Z
TQ4
- 0.0
Z85

Risk-Adjusted Indicators

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

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