Santeon Correlations

SANT Stock

USD 0.05 0.00 0.00%

The current 90-days correlation between Santeon Group and CXApp Inc is 0.1 (i.e., Average diversification). The correlation of Santeon 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.

Santeon Correlation With Market

Average diversification

The correlation between Santeon Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Santeon Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Santeon Pink Sheet

0.63	FSTF	First State Financial	Pair Corr
0.61	BAC	Bank of America Aggressive Push	Pair Corr
0.75	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.65	HD	Home Depot	Pair Corr

Moving against Santeon Pink Sheet

0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.51	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.31	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	CXAI	IDAI	FRGT	BRQS	IFBD	HTCR	BMR	HKD	SOUN
CXAI		0.82	0.89	0.62	-0.27	-0.7	0.49	-0.28	-0.38	CXAI
IDAI	0.82		0.83	0.59	-0.18	-0.52	0.32	-0.21	-0.39	IDAI
FRGT	0.89	0.83		0.61	-0.5	-0.69	0.36	-0.4	-0.49	FRGT
BRQS	0.62	0.59	0.61		-0.24	-0.68	0.76	-0.01	-0.63	BRQS
IFBD	-0.27	-0.18	-0.5	-0.24		0.26	-0.05	0.51	0.2	IFBD
HTCR	-0.7	-0.52	-0.69	-0.68	0.26		-0.69	0.01	0.76	HTCR
BMR	0.49	0.32	0.36	0.76	-0.05	-0.69		0.23	-0.65	BMR
HKD	-0.28	-0.21	-0.4	-0.01	0.51	0.01	0.23		-0.2	HKD
SOUN	-0.38	-0.39	-0.49	-0.63	0.2	0.76	-0.65	-0.2		SOUN
	CXAI	IDAI	FRGT	BRQS	IFBD	HTCR	BMR	HKD	SOUN

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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

FRGT	+ 0.89	CXAI
FRGT	+ 0.83	IDAI
IDAI	+ 0.82	CXAI
BMR	+ 0.76	BRQS
SOUN	+ 0.76	HTCR
BRQS	+ 0.62	CXAI

High negative correlations

HTCR	- 0.7	CXAI
BMR	- 0.69	HTCR
HTCR	- 0.69	FRGT
HTCR	- 0.68	BRQS
SOUN	- 0.65	BMR
SOUN	- 0.63	BRQS

Risk-Adjusted Indicators

There is a big difference between Santeon Pink Sheet performing well and Santeon 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 Santeon'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
CXAI	3.36	(1.01)	0.00	(0.38)	0.00	0.00	7.01	(7.50)	29.23
IDAI	4.51	(0.80)	0.00	0.40	0.00	0.00	5.88	(11.11)	47.05
FRGT	5.61	(1.97)	0.00	(0.56)	0.00	0.00	12.73	(11.76)	41.50
BRQS	3.57	(0.04)	0.00	0.33	0.00	0.00	9.52	(5.56)	36.69
IFBD	3.34	0.05	(0.01)	0.42	4.33	(3.64)	8.11	(7.55)	25.02
HTCR	5.52	0.81	0.16	0.35	5.96	(6.44)	14.14	(10.17)	26.35
BMR	3.17	(0.47)	0.00	(0.14)	0.00	0.00	8.63	(5.23)	24.22
HKD	4.44	0.28	0.03	1.50	5.25	(5.37)	13.01	(8.70)	49.98
SOUN	3.90	0.53	0.18	0.31	3.76	(5.43)	8.39	(6.75)	39.21

Be your own money manager

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