SBC Communications Correlations

SBC Stock

4.73 0.02 0.42%

The current 90-days correlation between SBC Communications and Acco Brands is 0.5 (i.e., Very weak diversification). The correlation of SBC Communications 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.

SBC Communications Correlation With Market

Very poor diversification

The correlation between SBC Communications and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBC Communications and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SBC Stock

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

For information on how to trade SBC Stock refer to our How to Trade SBC Stock guide.

Moving together with SBC Stock

0.84	NPTH	NeuPath Health	Pair Corr
0.85	EHAB	Enhabit	Pair Corr
0.7	AHX	Apiam Animal Health	Pair Corr
0.68	DR	Medical Facilities	Pair Corr
0.66	BMEZ	BlackRock Health Sciences	Pair Corr

Moving against SBC Stock

0.72	REG	Regis Healthcare	Pair Corr
0.7	S00	Spire Healthcare	Pair Corr
0.66	SPI	Spire Healthcare	Pair Corr
0.64	UHS	Universal Health Services	Pair Corr
0.39	FLGT	Fulgent Genetics	Pair Corr
0.93	ATPC	Agape ATP	Pair Corr
0.9	BMGL	Basel Medical Group	Pair Corr
0.77	4WK	Wenzhou Kangning Hospital	Pair Corr
0.76	NAKA	Kindly MD Earnings Call This Week	Pair Corr
0.6	A41	Addus HomeCare	Pair Corr
0.58	CRVL	CorVel Corp	Pair Corr
0.5	BZ7A	Bumrungrad Hospital	Pair Corr
0.49	ADUS	Addus HomeCare	Pair Corr
0.48	8HX	AKSO HEALTH GR	Pair Corr
0.37	NLH	Nova Leap Health	Pair Corr
0.36	7QD	CLOVER HEALTH INV	Pair Corr

Related Correlations Analysis

	ACCO	KNOP	LXFR	SPIR	MTW	WNC	FLYX	BBCP	ANPA	PANL
ACCO		0.75	0.96	0.72	0.94	0.93	0.09	0.24	0.65	0.64	ACCO
KNOP	0.75		0.74	0.62	0.7	0.73	0.13	0.25	0.41	0.55	KNOP
LXFR	0.96	0.74		0.8	0.92	0.92	-0.03	0.07	0.68	0.74	LXFR
SPIR	0.72	0.62	0.8		0.65	0.74	0.0	-0.28	0.69	0.57	SPIR
MTW	0.94	0.7	0.92	0.65		0.94	0.05	0.3	0.61	0.68	MTW
WNC	0.93	0.73	0.92	0.74	0.94		0.06	0.17	0.68	0.74	WNC
FLYX	0.09	0.13	-0.03	0.0	0.05	0.06		0.52	-0.01	-0.29	FLYX
BBCP	0.24	0.25	0.07	-0.28	0.3	0.17	0.52		-0.2	-0.2	BBCP
ANPA	0.65	0.41	0.68	0.69	0.61	0.68	-0.01	-0.2		0.4	ANPA
PANL	0.64	0.55	0.74	0.57	0.68	0.74	-0.29	-0.2	0.4		PANL
	ACCO	KNOP	LXFR	SPIR	MTW	WNC	FLYX	BBCP	ANPA	PANL

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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

LXFR	+ 0.96	ACCO
MTW	+ 0.94	ACCO
WNC	+ 0.94	MTW
WNC	+ 0.93	ACCO
MTW	+ 0.92	LXFR
WNC	+ 0.92	LXFR

High negative correlations

PANL	- 0.29	FLYX
BBCP	- 0.28	SPIR
PANL	- 0.2	BBCP
ANPA	- 0.2	BBCP
FLYX	- 0.03	LXFR
ANPA	- 0.01	FLYX

Risk-Adjusted Indicators

There is a big difference between SBC Stock performing well and SBC Communications 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 SBC Communications' 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
ACCO	1.38	0.12	0.06	0.19	1.80	(1.52)	3.25	(2.72)	7.18
KNOP	1.24	0.07	0.00	1.01	1.30	(1.45)	4.00	(2.13)	8.88
LXFR	1.25	0.24	0.16	0.28	1.21	(1.41)	2.92	(2.58)	6.05
SPIR	4.38	0.17	0.04	0.16	5.91	(4.74)	8.45	(7.03)	31.88
MTW	2.10	0.49	0.27	0.42	1.72	(2.77)	5.31	(2.88)	14.96
WNC	2.22	0.48	0.24	0.37	1.92	(2.82)	5.45	(3.47)	16.28
FLYX	8.07	0.13	0.06	0.10	8.21	(11.29)	13.86	(11.97)	161.87
BBCP	1.82	(0.07)	(0.02)	0.03	2.64	(1.99)	4.50	(4.01)	15.27
ANPA	13.85	4.37	0.33	1.10	10.44	(16.46)	22.60	(23.66)	295.76
PANL	2.52	0.86	0.42	0.95	1.51	(3.38)	7.93	(3.68)	22.74

SBC Communications Corporate Management

Ryoji Murata	Principal Officer	Profile
Akiko Wakiyama	Chief Officer	Profile
Akira Komatsu	Chief Secretary	Profile
Taiki Sakaguchi	Corporate Secretary	Profile
Teito Nakagawa	L Co	Profile

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