Seaboard Correlations

S0V Stock

EUR 4,160 120.00 2.97%

The current 90-days correlation between Seaboard and Autohome ADR is 0.03 (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

Very weak diversification

The correlation between Seaboard and DJI is 0.55 (i.e., Very weak 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

0.8	CWA0	REFINED METALS P	Pair Corr
0.62	EDL	Edel SE	Pair Corr
0.65	TNTC	POSTNL	Pair Corr
0.62	SCL	Schlumberger Limited	Pair Corr
0.8	UP2	UPDATE SOFTWARE Earnings Call This Week	Pair Corr
0.74	D7Q1	Monument Mining	Pair Corr
0.82	BYG	Bouygues SA	Pair Corr
0.67	KSX	Knight-Swift Transportation	Pair Corr
0.89	TF7A	Tyson Foods Earnings Call Today	Pair Corr
0.64	SRB	Starbucks	Pair Corr
0.82	D2G	Orsted A/S Earnings Call This Week	Pair Corr
0.79	NUF	Nufarm Limited	Pair Corr
0.68	FM7	Meta Financial Group	Pair Corr
0.89	5WS	WATCHOSWITZGRLS 0125	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.72	HLH	Hongkong Land Holdings	Pair Corr
0.74	1ZM	HIRATA Corp	Pair Corr
0.66	BLD	British Land	Pair Corr
0.69	OEX	Orezone Gold	Pair Corr

Moving against Seaboard Stock

0.56	27J	Impinj Inc Earnings Call This Week	Pair Corr
0.51	27J	Impinj Inc Earnings Call This Week	Pair Corr
0.5	3D0A	Telo Genomics Corp	Pair Corr
0.31	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	DG9	774	I49	8AHB	DF0	GOKA	CZ2	T86
DG9		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	DG9
774	0.0		0.27	0.52	-0.3	0.0	0.02	-0.46	774
I49	0.0	0.27		0.47	0.06	0.0	0.32	-0.26	I49
8AHB	0.0	0.52	0.47		-0.34	0.0	0.36	-0.07	8AHB
DF0	0.0	-0.3	0.06	-0.34		0.0	0.24	0.28	DF0
GOKA	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	GOKA
CZ2	0.0	0.02	0.32	0.36	0.24	0.0		0.52	CZ2
T86	0.0	-0.46	-0.26	-0.07	0.28	0.0	0.52		T86
	DG9	774	I49	8AHB	DF0	GOKA	CZ2	T86

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

8AHB	+ 0.52	774
T86	+ 0.52	CZ2
8AHB	+ 0.47	I49
CZ2	+ 0.36	8AHB
CZ2	+ 0.32	I49
T86	+ 0.28	DF0

High negative correlations

GOKA	- 1.0	DG9
T86	- 0.46	774
DF0	- 0.34	8AHB
DF0	- 0.3	774
T86	- 0.26	I49
T86	- 0.07	8AHB

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
DG9	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
774	2.08	0.32	0.08	0.49	2.93	(2.54)	3.36	(3.23)	19.24
I49	2.56	0.52	0.07	(1.32)	4.21	(3.37)	5.19	(3.70)	33.45
8AHB	1.24	(0.13)	0.00	(0.32)	0.00	0.00	2.79	(2.80)	7.49
DF0	1.66	0.33	0.10	(9.36)	2.20	(2.17)	4.63	(5.26)	15.28
GOKA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CZ2	0.76	(0.04)	0.00	15.00	0.00	0.00	1.59	(1.79)	4.32
T86	1.67	(0.04)	0.00	(0.07)	0.00	0.00	5.11	(2.96)	12.08

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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