Seaboard Correlations

S0V Stock

EUR 4,180 20.00 0.48%

The current 90-days correlation between Seaboard and COMINTL BANK ADR1 is 0.01 (i.e., Significant diversification). The correlation of Seaboard 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.

Seaboard Correlation With Market

Poor diversification

The correlation between Seaboard and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seaboard and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seaboard Stock

0.76	V1L	Valero Energy	Pair Corr
0.68	W25	West African Resources Earnings Call This Week	Pair Corr
0.7	L3XC	Centrais Elétricas	Pair Corr
0.67	TEX	Castellum AB	Pair Corr
0.7	D2G	Orsted AS	Pair Corr
0.84	TEQ	Telenor ASA	Pair Corr
0.8	TOTB	TotalEnergies SE	Pair Corr
0.8	TQI	TELECOM ITALIA	Pair Corr
0.77	BRE	Banco Bradesco SA	Pair Corr
0.85	KOM1	KOMATSU	Pair Corr
0.83	DYF1	Dynavax Technologies	Pair Corr
0.8	HSY	Hershey	Pair Corr
0.74	ODF	Old Dominion Freight	Pair Corr
0.66	RE3	Richardson Electronics	Pair Corr
0.75	1WT	WisdomTree Investments	Pair Corr
0.66	P7T	PT Bank Pembangunan	Pair Corr
0.8	GWW	WW Grainger	Pair Corr
0.82	IMP	IMPERIAL OIL	Pair Corr
0.64	LTT	Lattice Semiconductor	Pair Corr

Moving against Seaboard Stock

0.43	DBPD	Xtrackers ShortDAX	Pair Corr
0.31	06L	PT Global Mediacom	Pair Corr

Related Correlations Analysis

	FUY	CIN0	J73	5E1	H1B	CBR	GZ3	CAI
FUY		0.84	0.78	-0.5	0.9	0.58	0.33	0.84	FUY
CIN0	0.84		0.8	-0.26	0.82	0.7	0.38	0.79	CIN0
J73	0.78	0.8		-0.09	0.7	0.69	0.42	0.77	J73
5E1	-0.5	-0.26	-0.09		-0.54	0.18	0.13	-0.21	5E1
H1B	0.9	0.82	0.7	-0.54		0.46	0.3	0.72	H1B
CBR	0.58	0.7	0.69	0.18	0.46		0.32	0.74	CBR
GZ3	0.33	0.38	0.42	0.13	0.3	0.32		0.26	GZ3
CAI	0.84	0.79	0.77	-0.21	0.72	0.74	0.26		CAI
	FUY	CIN0	J73	5E1	H1B	CBR	GZ3	CAI

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

H1B	+ 0.9	FUY
CIN0	+ 0.84	FUY
CAI	+ 0.84	FUY
H1B	+ 0.82	CIN0
J73	+ 0.8	CIN0
CAI	+ 0.79	CIN0

High negative correlations

H1B	- 0.54	5E1
5E1	- 0.5	FUY
5E1	- 0.26	CIN0
CAI	- 0.21	5E1
5E1	- 0.09	J73

Risk-Adjusted Indicators

There is a big difference between Seaboard Stock performing well and Seaboard 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 Seaboard'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
FUY	1.19	0.47	0.29	1.73	0.73	(1.73)	2.48	(1.71)	14.58
CIN0	2.03	0.52	0.15	3.54	2.27	(2.57)	4.38	(3.59)	16.05
J73	1.92	0.31	0.09	(5.58)	2.00	(2.66)	7.24	(3.70)	19.85
5E1	0.95	0.01	(0.05)	0.37	1.24	(1.01)	1.98	(2.51)	7.45
H1B	1.24	0.19	0.06	3.48	1.29	(1.67)	3.54	(2.61)	8.16
CBR	0.50	0.16	0.07	8.10	0.00	(1.53)	1.67	(1.06)	5.11
GZ3	1.57	0.09	(0.01)	(0.03)	1.97	(4.01)	6.12	(4.08)	16.03
CAI	0.99	0.29	0.19	2.33	0.82	(1.13)	2.23	(1.73)	6.87

Be your own money manager

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