SAG Holdings Correlations

SAG Stock

2.34 0.07 2.90%

The current 90-days correlation between SAG Holdings Limited and Radcom is 0.25 (i.e., Modest 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 -0.1 (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

0.7	DSS	DSS Inc	Pair Corr
0.64	IPW	iPower Inc	Pair Corr
0.66	IVP	Inspire Veterinary	Pair Corr

Moving against SAG Stock

0.76	SW	Smurfit WestRock plc Earnings Call This Week	Pair Corr
0.72	IP	International Paper	Pair Corr
0.72	AIN	Albany International	Pair Corr
0.63	DRVN	Driven Brands Holdings	Pair Corr
0.63	FLUT	Flutter Entertainment plc	Pair Corr
0.35	ECG	Everus Construction	Pair Corr
0.32	ELYS	Elys Game Technology	Pair Corr
0.78	KAR	KAR Auction Services	Pair Corr
0.63	KRT	Karat Packaging	Pair Corr
0.61	NCL	Northann Corp	Pair Corr
0.4	FATBP	FAT Brands	Pair Corr
0.33	PKG	Packaging Corp Sell-off Trend	Pair Corr
0.31	ROL	Rollins	Pair Corr

Related Correlations Analysis

	RCC	NTGR	RDCM	PFLT	BSIIU	FRHC	AMP	CCG
RCC		0.49	0.54	0.26	0.39	0.52	0.17	0.14	RCC
NTGR	0.49		0.73	-0.04	0.65	0.85	0.25	0.33	NTGR
RDCM	0.54	0.73		0.36	0.66	0.83	0.37	0.26	RDCM
PFLT	0.26	-0.04	0.36		0.05	0.2	0.15	0.23	PFLT
BSIIU	0.39	0.65	0.66	0.05		0.76	0.27	0.14	BSIIU
FRHC	0.52	0.85	0.83	0.2	0.76		0.26	0.18	FRHC
AMP	0.17	0.25	0.37	0.15	0.27	0.26		0.43	AMP
CCG	0.14	0.33	0.26	0.23	0.14	0.18	0.43		CCG
	RCC	NTGR	RDCM	PFLT	BSIIU	FRHC	AMP	CCG

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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

FRHC	+ 0.85	NTGR
FRHC	+ 0.83	RDCM
FRHC	+ 0.76	BSIIU
RDCM	+ 0.73	NTGR
BSIIU	+ 0.66	RDCM
BSIIU	+ 0.65	NTGR

High negative correlations

PFLT

- 0.04

NTGR

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
RCC	0.40	0.02	(0.17)	(0.03)	0.45	(0.48)	1.00	(0.78)	3.03
NTGR	1.83	0.48	0.18	1.74	1.94	(2.05)	4.41	(2.89)	13.29
RDCM	2.62	0.42	0.10	6.01	3.00	(3.12)	5.55	(5.52)	21.11
PFLT	0.62	(0.05)	0.00	(0.06)	0.00	0.00	1.11	(1.31)	3.72
BSIIU	0.14	0.01	(0.21)	(3.26)	0.12	(0.36)	0.40	(0.30)	2.08
FRHC	1.45	0.41	0.18	0.99	1.58	(1.55)	3.07	(2.52)	9.39
AMP	1.07	0.09	0.03	0.28	1.52	(1.04)	1.86	(3.31)	14.04
CCG	2.77	0.18	0.05	0.42	2.34	(4.39)	6.67	(4.35)	13.49

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