Sigma Labs Correlations

Summary

SASIDelisted Stock

USD 0.21 0.02 8.70%

The current 90-days correlation between Sigma Labs and Value Exchange International is 0.12 (i.e., Average diversification). The correlation of Sigma Labs 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.

Sigma Labs Correlation With Market

Good diversification

The correlation between Sigma Labs and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sigma Labs and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Sigma Stock

0.57	T	ATT Inc Aggressive Push	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.52	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.5	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.49	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.48	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.47	PTAIF	PT Astra International	Pair Corr
0.46	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.43	PIFMY	Indofood Sukses Makmur	Pair Corr
0.42	VZ	Verizon Communications Aggressive Push	Pair Corr
0.38	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.36	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.33	SSNLF	Samsung Electronics	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	EAXR	CTM	DTMXF	TTEC	HCKT	WNS	ASGN	TASK	PRFT	DIGAF
EAXR		0.38	0.61	-0.29	-0.41	0.53	0.0	-0.37	-0.65	0.0	EAXR
CTM	0.38		0.14	-0.3	0.28	0.3	0.14	0.18	-0.08	0.0	CTM
DTMXF	0.61	0.14		-0.45	-0.35	0.5	-0.13	-0.19	-0.38	0.0	DTMXF
TTEC	-0.29	-0.3	-0.45		-0.18	-0.59	0.41	-0.25	-0.04	0.0	TTEC
HCKT	-0.41	0.28	-0.35	-0.18		0.09	0.06	0.77	0.56	0.0	HCKT
WNS	0.53	0.3	0.5	-0.59	0.09		0.01	0.35	-0.42	0.0	WNS
ASGN	0.0	0.14	-0.13	0.41	0.06	0.01		0.17	-0.17	0.0	ASGN
TASK	-0.37	0.18	-0.19	-0.25	0.77	0.35	0.17		0.4	0.0	TASK
PRFT	-0.65	-0.08	-0.38	-0.04	0.56	-0.42	-0.17	0.4		0.0	PRFT
DIGAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DIGAF
	EAXR	CTM	DTMXF	TTEC	HCKT	WNS	ASGN	TASK	PRFT	DIGAF

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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

TASK	+ 0.77	HCKT
DTMXF	+ 0.61	EAXR
PRFT	+ 0.56	HCKT
WNS	+ 0.53	EAXR
WNS	+ 0.5	DTMXF
ASGN	+ 0.41	TTEC

High negative correlations

PRFT	- 0.65	EAXR
WNS	- 0.59	TTEC
TTEC	- 0.45	DTMXF
PRFT	- 0.42	WNS
HCKT	- 0.41	EAXR
PRFT	- 0.38	DTMXF

Risk-Adjusted Indicators

There is a big difference between Sigma Stock performing well and Sigma Labs 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 Sigma Labs' 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
EAXR	3.16	0.29	0.01	(0.48)	5.64	(26.35)	17.65	(8.60)	61.85
CTM	2.31	0.15	0.00	(0.15)	3.09	(8.56)	6.25	(6.25)	33.19
DTMXF	20.71	3.93	0.15	6.19	19.53	(27.93)	67.92	(46.55)	172.32
TTEC	3.61	0.17	0.06	0.21	3.21	(5.06)	6.44	(4.94)	56.54
HCKT	1.37	0.11	0.15	0.15	0.94	(1.76)	2.61	(1.80)	19.63
WNS	1.60	(0.30)	0.00	(0.25)	0.00	0.00	2.95	(3.12)	13.48
ASGN	1.49	(0.26)	0.00	(0.04)	0.00	0.00	3.32	(3.35)	13.02
TASK	2.44	0.02	0.01	0.10	4.11	(2.52)	4.93	(4.81)	40.44
PRFT	0.10	0.01	(0.57)	(3.10)	0.00	(0.12)	0.23	(0.21)	0.58
DIGAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Delisting Warning - SASI

Sigma Labs was delisted

The entity Sigma Labs with a symbol SASI was delisted from NASDAQ Exchange. Please try NextTrip with a symbol NTRP from now on. Check all delisted instruments accross multiple markets.

Still Interested in Sigma Labs?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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