SBDS Correlations

SBDS Stock

6.29 0.01 0.16%

The current 90-days correlation between SBDS and Evgo Inc is 0.11 (i.e., Average diversification). The correlation of SBDS 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.

SBDS Correlation With Market

Modest diversification

The correlation between SBDS and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBDS and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SBDS Stock

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

For more information on how to buy SBDS Stock please use our How to Invest in SBDS guide.

Moving together with SBDS Stock

0.78	UA	Under Armour C	Pair Corr
0.83	DOGZ	Dogness International	Pair Corr
0.72	VEEE	Twin Vee Powercats	Pair Corr
0.78	WLDS	Wearable Devices	Pair Corr
0.85	EZGO	EZGO Technologies	Pair Corr
0.74	600398	HLA GROUP P	Pair Corr
0.9	DOCS	Dr Martens PLC	Pair Corr
0.8	HMR	Heidmar Maritime Holdings	Pair Corr
0.83	JXG	JX Luxventure Limited	Pair Corr
0.82	KTB	Kontoor Brands	Pair Corr
0.81	MBC	MasterBrand	Pair Corr
0.62	PVH	PVH Corp	Pair Corr
0.75	UAA	Under Armour A Aggressive Push	Pair Corr
0.76	UHG	United Homes Group	Pair Corr

Moving against SBDS Stock

0.8	605599	Beijing Caishikou	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.59	AS	Amer Sports,	Pair Corr
0.53	MUL	Mulberry Group PLC	Pair Corr
0.51	CRI	Carters	Pair Corr
0.46	FOSL	Fossil Group	Pair Corr
0.32	UNI	Unisync Corp	Pair Corr
0.75	301276	Beijing Jiaman Dress	Pair Corr
0.73	VFC	VF Corporation	Pair Corr
0.72	GIII	G III Apparel	Pair Corr
0.67	MOV	Movado Group	Pair Corr
0.57	002485	Cedar Development	Pair Corr
0.5	ZGN	Ermenegildo Zegna	Pair Corr
0.49	XWIN	XMax Inc Symbol Change	Pair Corr
0.45	VRA	Vera Bradley	Pair Corr

Related Correlations Analysis

	JBDI	EVGO	TLF	MI	MOGU	AIIO	FORD	ARKR	ROLR	LGCB
JBDI		0.92	0.82	-0.11	0.92	0.84	0.1	0.33	0.86	-0.06	JBDI
EVGO	0.92		0.83	0.07	0.92	0.85	0.0	0.36	0.81	-0.15	EVGO
TLF	0.82	0.83		0.04	0.77	0.63	0.4	0.49	0.92	-0.29	TLF
MI	-0.11	0.07	0.04		-0.09	-0.23	-0.15	-0.24	-0.2	-0.26	MI
MOGU	0.92	0.92	0.77	-0.09		0.93	-0.09	0.36	0.78	0.12	MOGU
AIIO	0.84	0.85	0.63	-0.23	0.93		-0.2	0.32	0.67	0.2	AIIO
FORD	0.1	0.0	0.4	-0.15	-0.09	-0.2		0.39	0.46	-0.41	FORD
ARKR	0.33	0.36	0.49	-0.24	0.36	0.32	0.39		0.55	-0.17	ARKR
ROLR	0.86	0.81	0.92	-0.2	0.78	0.67	0.46	0.55		-0.24	ROLR
LGCB	-0.06	-0.15	-0.29	-0.26	0.12	0.2	-0.41	-0.17	-0.24		LGCB
	JBDI	EVGO	TLF	MI	MOGU	AIIO	FORD	ARKR	ROLR	LGCB

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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

AIIO	+ 0.93	MOGU
EVGO	+ 0.92	JBDI
MOGU	+ 0.92	JBDI
MOGU	+ 0.92	EVGO
ROLR	+ 0.92	TLF
ROLR	+ 0.86	JBDI

High negative correlations

LGCB	- 0.41	FORD
LGCB	- 0.29	TLF
LGCB	- 0.26	MI
LGCB	- 0.24	ROLR
ARKR	- 0.24	MI
AIIO	- 0.23	MI

Risk-Adjusted Indicators

There is a big difference between SBDS Stock performing well and SBDS 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 SBDS'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
JBDI	5.49	(0.84)	0.00	(9.90)	0.00	0.00	12.20	(11.11)	43.87
EVGO	2.82	(0.52)	0.00	(1.20)	0.00	0.00	5.77	(6.14)	22.17
TLF	1.13	(0.24)	0.00	(0.37)	0.00	0.00	1.65	(2.63)	9.10
MI	2.80	0.18	0.04	0.19	3.93	(3.09)	7.41	(7.65)	23.69
MOGU	2.39	(0.58)	0.00	(0.55)	0.00	0.00	5.36	(5.09)	18.00
AIIO	8.68	(1.99)	0.00	(1.17)	0.00	0.00	19.70	(20.65)	75.86
FORD	8.03	(0.17)	0.00	(0.11)	0.00	0.00	14.99	(12.08)	84.00
ARKR	1.84	(0.14)	0.00	7.72	0.00	0.00	4.02	(5.82)	12.34
ROLR	4.71	(1.06)	0.00	(0.71)	0.00	0.00	9.44	(10.26)	24.45
LGCB	3.82	(0.43)	0.00	(0.38)	0.00	0.00	12.67	(9.13)	31.77

SBDS Corporate Management

Mark Anderson	Senior Relations	Profile
Mike Murray	Chief Officer	Profile
Chris Blevins	Interim Secretary	Profile
Laura Coffey	Chief Officer	Profile

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