SAG Holdings Correlations

SAG Stock

2.69 0.04 1.47%

The current 90-days correlation between SAG Holdings Limited and FTAI Infrastructure is 0.14 (i.e., Average diversification). The correlation of SAG Holdings 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.

SAG Holdings Correlation With Market

Good diversification

The correlation between SAG Holdings Limited and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAG Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAG Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with SAG Stock

0.65

DIIBF

Dorel Industries

Pair Corr

Moving against SAG Stock

0.48	AIN	Albany International	Pair Corr
0.45	ELYS	Elys Game Technology	Pair Corr
0.4	DSHK	Drive Shack	Pair Corr
0.36	EBET	Ebet Inc	Pair Corr
0.34	OI	O I Glass	Pair Corr
0.34	EVKG	Ever Glory Internati	Pair Corr
0.31	WINR	Simplicity Esports and	Pair Corr
0.67	ROL	Rollins	Pair Corr
0.52	SCS	Steelcase	Pair Corr
0.47	FXLV	F45 Training Holdings	Pair Corr
0.32	AVY	Avery Dennison Corp	Pair Corr
0.32	MED	MEDIFAST INC	Pair Corr

Related Correlations Analysis

	SAG	FIP	SNX	UUU	WCC	INGM	HPE-PC	GLP-PB	WCC-PA
SAG		-0.15	0.18	0.02	0.09	-0.45	-0.12	0.22	0.18	SAG
FIP	-0.15		0.52	-0.41	-0.17	-0.1	0.2	-0.3	-0.26	FIP
SNX	0.18	0.52		0.12	0.4	0.06	0.44	0.25	0.16	SNX
UUU	0.02	-0.41	0.12		0.9	0.3	0.26	0.83	0.68	UUU
WCC	0.09	-0.17	0.4	0.9		0.23	0.29	0.89	0.79	WCC
INGM	-0.45	-0.1	0.06	0.3	0.23		0.19	0.17	0.15	INGM
HPE-PC	-0.12	0.2	0.44	0.26	0.29	0.19		0.2	-0.09	HPE-PC
GLP-PB	0.22	-0.3	0.25	0.83	0.89	0.17	0.2		0.82	GLP-PB
WCC-PA	0.18	-0.26	0.16	0.68	0.79	0.15	-0.09	0.82		WCC-PA
	SAG	FIP	SNX	UUU	WCC	INGM	HPE-PC	GLP-PB	WCC-PA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WCC	+ 0.9	UUU
GLP-PB	+ 0.89	WCC
GLP-PB	+ 0.83	UUU
WCC-PA	+ 0.82	GLP-PB
WCC-PA	+ 0.79	WCC
WCC-PA	+ 0.68	UUU

High negative correlations

INGM	- 0.45	SAG
UUU	- 0.41	FIP
GLP-PB	- 0.3	FIP
WCC-PA	- 0.26	FIP
WCC	- 0.17	FIP
FIP	- 0.15	SAG

Risk-Adjusted Indicators

There is a big difference between SAG Stock performing well and SAG Holdings 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 SAG Holdings' 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
SAG	6.63	(3.61)	0.00	9.58	0.00	0.00	9.89	(14.23)	24.18
FIP	2.21	(0.30)	0.00	(0.05)	0.00	0.00	4.52	(5.52)	15.65
SNX	1.18	(0.13)	0.00	(0.01)	0.00	0.00	1.98	(2.94)	8.22
UUU	3.68	1.18	0.28	(1.77)	2.90	(5.02)	7.32	(5.56)	53.77
WCC	1.81	0.19	0.18	0.17	1.46	(2.23)	4.78	(2.41)	15.54
INGM	1.21	(0.58)	0.00	(1.89)	0.00	0.00	1.91	(3.07)	5.27
HPE-PC	1.18	0.27	0.17	0.38	1.12	(1.25)	3.68	(2.35)	7.62
GLP-PB	0.19	0.04	(0.21)	(1.24)	0.00	(0.24)	0.47	(0.38)	1.27
WCC-PA	0.10	0.03	(0.38)	2.42	0.00	(0.13)	0.27	(0.19)	0.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC