Synalloy Correlations
| ACNT Stock | USD 17.07 0.13 0.76% |
The current 90-days correlation between Synalloy and Nouveau Monde Graphite is -0.1 (i.e., Good diversification). The correlation of Synalloy 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.
Synalloy Correlation With Market
Poor diversification
The correlation between Synalloy and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synalloy and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Synalloy Stock
| 0.69 | AACA | AALBERTS IND | PairCorr |
| 0.72 | CAV | Carnavale Resources Split | PairCorr |
| 0.87 | DC | Dakota Gold Corp Buyout Trend | PairCorr |
| 0.8 | VML | Viscount Mining Corp | PairCorr |
| 0.73 | GM0N | GLOBUS MEDICAL A | PairCorr |
| 0.82 | LQK2 | BLACK MAMMOTH METALS | PairCorr |
| 0.67 | FPX | FPX Nickel Corp | PairCorr |
| 0.9 | RSO | Ross Stores | PairCorr |
| 0.82 | PZX | Ping An Insurance | PairCorr |
| 0.8 | MSI | Mitsui Chemicals | PairCorr |
| 0.84 | PEX | Peel Mining | PairCorr |
| 0.93 | XCA | CREDIT AGRICOLE | PairCorr |
| 0.84 | BRC | Blackrock Silver Corp | PairCorr |
| 0.78 | LGLD | LG ELECTRONICS INC | PairCorr |
Moving against Synalloy Stock
| 0.86 | GEO | Empire Metals Limited | PairCorr |
| 0.68 | ADC | Acdc Metals | PairCorr |
| 0.54 | CDB | Cordoba Minerals Corp | PairCorr |
| 0.53 | PWM | Power Metals Corp | PairCorr |
| 0.39 | 4BY | BYD ELECTRONIC | PairCorr |
| 0.32 | FR7 | Fast Retailing | PairCorr |
| 0.85 | AMY | American Manganese | PairCorr |
| 0.61 | IMI | Infinity Mining | PairCorr |
| 0.56 | T2G | TRADEGATE | PairCorr |
| 0.54 | HX1A | HEXINDO ADIPERKASA | PairCorr |
| 0.38 | SCA | SVENSKA CELLULO B | PairCorr |
| 0.83 | EMO | Emerita Resources Corp | PairCorr |
| 0.68 | YT2A | ATRESMEDIA | PairCorr |
| 0.61 | CE1 | CAREER EDUCATION | PairCorr |
| 0.58 | CVW | CVW CleanTech | PairCorr |
| 0.53 | 3TY | TITAN MACHINERY | PairCorr |
Related Correlations Analysis
| 0.77 | 0.76 | -0.03 | 0.92 | 0.56 | ZEUS | ||
| 0.77 | 0.49 | 0.1 | 0.86 | 0.84 | RYAM | ||
| 0.76 | 0.49 | 0.2 | 0.61 | 0.19 | NVAWW | ||
| -0.03 | 0.1 | 0.2 | -0.06 | -0.08 | NMG | ||
| 0.92 | 0.86 | 0.61 | -0.06 | 0.77 | TROX | ||
| 0.56 | 0.84 | 0.19 | -0.08 | 0.77 | VHI | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Synalloy Stock performing well and Synalloy 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 Synalloy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZEUS | 1.79 | 0.49 | 0.24 | 0.49 | 1.62 | 4.51 | 10.97 | |||
| RYAM | 2.41 | 0.19 | 0.08 | 0.18 | 2.79 | 6.38 | 28.05 | |||
| NVAWW | 15.06 | 5.14 | 0.37 | (362.23) | 10.58 | 39.00 | 193.57 | |||
| NMG | 3.92 | (0.21) | 0.00 | (0.08) | 0.00 | 7.39 | 29.51 | |||
| TROX | 4.23 | 1.11 | 0.35 | 0.39 | 3.08 | 9.43 | 34.47 | |||
| VHI | 3.20 | 0.12 | 0.06 | 0.13 | 3.33 | 8.56 | 19.23 |
Synalloy Corporate Management
| Kenny Herring | Corporate Controller | Profile | |
| Ryan Kavalauskas | Chief Officer | Profile | |
| Douglas Tackett | Chief Secretary | Profile | |
| Robert Peay | Corporate Secretary | Profile | |
| Anthony Pan | Vice Development | Profile | |
| John Tidlow | Ex Inc | Profile |