Shopping Centres Correlations
| SCPAFDelisted Stock | USD 2.00 0.00 0.00% |
The current 90-days correlation between Shopping Centres Aus and BBB Foods is 0.08 (i.e., Significant diversification). The correlation of Shopping Centres 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.
Shopping Centres Correlation With Market
Average diversification
The correlation between Shopping Centres Australasia and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shopping Centres Australasia and DJI in the same portfolio, assuming nothing else is changed.
Shopping |
The ability to find closely correlated positions to Shopping Centres could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shopping Centres 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 Shopping Centres - 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 Shopping Centres Australasia to buy it.
Moving together with Shopping Pink Sheet
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| 0.78 | GOOG | Alphabet Class C Earnings Call This Week | PairCorr |
Moving against Shopping Pink Sheet
| 0.98 | PTAIF | PT Astra International | PairCorr |
| 0.77 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.74 | PTAIY | Astra International Tbk | PairCorr |
| 0.71 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.62 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.56 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.45 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.91 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.87 | HPQ | HP Inc | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
| 0.77 | AA | Alcoa Corp | PairCorr |
| 0.75 | VZ | Verizon Communications | PairCorr |
| 0.71 | JNJ | Johnson Johnson | PairCorr |
| 0.67 | TRV | The Travelers Companies | PairCorr |
| 0.54 | PG | Procter Gamble | PairCorr |
| 0.52 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.52 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.34 | CVX | Chevron Corp Earnings Call Today | PairCorr |
| 0.34 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Shopping Pink Sheet performing well and Shopping Centres 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 Shopping Centres' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TBBB | 1.93 | (0.15) | 0.00 | (0.23) | 0.00 | 3.61 | 15.60 | |||
| CCU | 1.03 | 0.05 | (0.02) | 0.58 | 1.26 | 1.76 | 6.40 | |||
| CDW | 1.41 | (0.20) | 0.00 | (0.21) | 0.00 | 2.67 | 11.98 | |||
| CDR-PB | 1.98 | 0.17 | 0.03 | 1.12 | 2.72 | 5.49 | 18.13 | |||
| GO | 2.82 | (0.01) | (0.01) | 0.08 | 4.51 | 6.70 | 19.59 | |||
| TAP | 1.14 | (0.04) | 0.00 | (0.03) | 0.00 | 2.61 | 10.66 | |||
| SAM | 1.34 | (0.28) | 0.00 | (0.86) | 0.00 | 2.30 | 9.85 |
Shopping Centres Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Shopping Centres pink sheet to make a market-neutral strategy. Peer analysis of Shopping Centres could also be used in its relative valuation, which is a method of valuing Shopping Centres by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shopping Centres Corporate Management
| Campbell Aitken | Chief Officer | Profile | |
| Greg Inkson | Interim Officer | Profile | |
| Reverend Voss | Head HR | Profile | |
| AGIA BA | Gen Limited | Profile |
Still Interested in Shopping Centres Australasia?
Investing in delisted pink sheets can be risky, as the pink sheet 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.