Sampo OYJ Correlations

SAXPY Stock

USD 20.36 0.06 0.30%

The current 90-days correlation between Sampo OYJ and iA Financial is -0.08 (i.e., Good diversification). The correlation of Sampo OYJ 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.

Sampo OYJ Correlation With Market

Significant diversification

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

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

Moving together with Sampo Pink Sheet

0.64	BRK-B	Berkshire Hathaway	Pair Corr
0.63	BRK-A	Berkshire Hathaway	Pair Corr
0.71	906548CR1	US906548CR12	Pair Corr
0.69	594918BT0	MICROSOFT P 37	Pair Corr

Moving against Sampo Pink Sheet

0.51	TNXP	Tonix Pharmaceuticals	Pair Corr
0.4	ACHR	Archer Aviation Sell-off Trend	Pair Corr
0.34	BAMXF	Bayerische Motoren Werke	Pair Corr
0.57	LPTH	LightPath Technologies Earnings Call Tomorrow	Pair Corr
0.54	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.45	898339AA4	FUNOTR 4869 15	Pair Corr
0.41	VIST	Vista Oil Gas	Pair Corr
0.34	SQ	SQ Old Symbol Change	Pair Corr

Related Correlations Analysis

	IAFNF	SLF	ATH-PC	ARZGY	AXAHF	ARZGF	NNGPF	BBSEY	ZURVY
IAFNF		0.53	-0.39	-0.51	-0.5	-0.67	-0.51	-0.58	0.06	IAFNF
SLF	0.53		-0.54	-0.32	-0.47	-0.67	-0.07	-0.59	0.74	SLF
ATH-PC	-0.39	-0.54		0.53	0.11	0.71	-0.32	0.62	-0.23	ATH-PC
ARZGY	-0.51	-0.32	0.53		0.42	0.63	0.15	0.8	0.15	ARZGY
AXAHF	-0.5	-0.47	0.11	0.42		0.37	0.6	0.54	-0.11	AXAHF
ARZGF	-0.67	-0.67	0.71	0.63	0.37		0.09	0.69	-0.15	ARZGF
NNGPF	-0.51	-0.07	-0.32	0.15	0.6	0.09		0.2	0.17	NNGPF
BBSEY	-0.58	-0.59	0.62	0.8	0.54	0.69	0.2		-0.2	BBSEY
ZURVY	0.06	0.74	-0.23	0.15	-0.11	-0.15	0.17	-0.2		ZURVY
	IAFNF	SLF	ATH-PC	ARZGY	AXAHF	ARZGF	NNGPF	BBSEY	ZURVY

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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

BBSEY	+ 0.8	ARZGY
ZURVY	+ 0.74	SLF
ARZGF	+ 0.71	ATH-PC
BBSEY	+ 0.69	ARZGF
ARZGF	+ 0.63	ARZGY
BBSEY	+ 0.62	ATH-PC

High negative correlations

ARZGF	- 0.67	SLF
ARZGF	- 0.67	IAFNF
BBSEY	- 0.59	SLF
BBSEY	- 0.58	IAFNF
ATH-PC	- 0.54	SLF
NNGPF	- 0.51	IAFNF

Risk-Adjusted Indicators

There is a big difference between Sampo Pink Sheet performing well and Sampo OYJ 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 Sampo OYJ'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
IAFNF	0.60	0.07	0.05	0.14	0.45	(3.01)	1.97	(1.15)	14.07
SLF	0.66	(0.05)	0.00	(0.54)	0.00	0.00	1.31	(1.59)	3.98
ATH-PC	0.15	0.01	(0.29)	(0.53)	0.15	(0.17)	0.44	(0.36)	0.92
ARZGY	0.95	0.24	0.18	1.32	0.75	(1.18)	2.35	(1.49)	7.75
AXAHF	1.15	0.06	0.00	0.48	1.55	(1.91)	2.86	(3.66)	8.55
ARZGF	0.56	0.29	0.00	(4.05)	0.00	0.00	1.88	0.00	10.15
NNGPF	0.70	(0.12)	0.00	(0.68)	0.00	0.00	1.53	(1.76)	7.48
BBSEY	1.63	0.22	0.05	(0.53)	2.04	(1.85)	4.75	(2.92)	14.01
ZURVY	0.80	0.03	(0.02)	0.21	1.00	(0.89)	1.65	(1.51)	6.62

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Our tools can tell you how much better you can do entering a position in Sampo OYJ 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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Sampo OYJ Corporate Management

Morten Thorsrud	Group EVP - Head of Business Area Industrial, If P&C Insurance Ltd, Member of the Executive Committee	Profile
KnutArne Alsaker	CFO Committee	Profile
Maria Silander	Media Mang	Profile
Ingrid Holthe	Head of If Business Area Private, Member of the Executive Committee	Profile
Johan Brjesson	Group HR	Profile

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