SSE Plc Correlations

SCT Stock

EUR 30.20 0.40 1.34%

The current 90-days correlation between SSE plc and Wheaton Precious Metals is -0.1 (i.e., Good diversification). The correlation of SSE Plc 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.

SSE Plc Correlation With Market

Poor diversification

The correlation between SSE plc and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSE plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SSE Stock

0.82	SII	Wheaton Precious Metals	Pair Corr
0.9	0ZQ	JSC National Atomic	Pair Corr
0.82	ROM	ROHM Co	Pair Corr
0.94	HYB	HOYA	Pair Corr
0.63	WPU	Wereldhave Belgium	Pair Corr
0.89	6690	INPOST SA UNSPADR12	Pair Corr
0.78	NOEJ	Norma Group AG	Pair Corr
0.88	EMB	5N Plus	Pair Corr
0.89	ASME	ASML Holding NV	Pair Corr
0.92	TGE1	Mobilezone Holding	Pair Corr
0.79	WX8	WuXi AppTec	Pair Corr
0.84	V1L	Valero Energy	Pair Corr
0.68	665	RELO GROUP INC	Pair Corr
0.84	JAW	JetBlue Airways	Pair Corr
0.93	TOTB	TotalEnergies SE	Pair Corr
0.82	CXR	CSX Corporation	Pair Corr
0.92	HY9H	SK hynix	Pair Corr
0.62	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.77	BRE	Banco Bradesco SA	Pair Corr
0.85	B4M1	SpareBank 1 SR	Pair Corr
0.87	UEO	WESTLAKE CHEMICAL	Pair Corr
0.69	RGPB	Reinsurance Group	Pair Corr
0.89	1WT	WisdomTree Investments	Pair Corr
0.78	DYF1	Dynavax Technologies	Pair Corr
0.92	C2H	Copa Holdings SA	Pair Corr
0.74	2SF	Sparebank 1 Ostlandet	Pair Corr
0.85	ODF	Old Dominion Freight	Pair Corr
0.79	1KT	Keysight Technologies	Pair Corr

Moving against SSE Stock

0.66	N9B	BANDAI NAMCO Holdings	Pair Corr
0.41	BRH	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.39	IDO1	PT Indosat Tbk	Pair Corr
0.37	TCID	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	SII	PA2	8SF	MKT	NPV	WDC	MLP	FTK	SCA	SVM
SII		0.93	0.73	0.9	0.76	0.92	0.86	0.57	0.27	0.88	SII
PA2	0.93		0.57	0.75	0.56	0.79	0.86	0.6	0.29	0.76	PA2
8SF	0.73	0.57		0.88	0.97	0.86	0.62	0.18	0.46	0.8	8SF
MKT	0.9	0.75	0.88		0.9	0.96	0.8	0.46	0.23	0.91	MKT
NPV	0.76	0.56	0.97	0.9		0.87	0.61	0.15	0.45	0.8	NPV
WDC	0.92	0.79	0.86	0.96	0.87		0.84	0.53	0.23	0.92	WDC
MLP	0.86	0.86	0.62	0.8	0.61	0.84		0.77	0.25	0.76	MLP
FTK	0.57	0.6	0.18	0.46	0.15	0.53	0.77		-0.13	0.55	FTK
SCA	0.27	0.29	0.46	0.23	0.45	0.23	0.25	-0.13		0.16	SCA
SVM	0.88	0.76	0.8	0.91	0.8	0.92	0.76	0.55	0.16		SVM
	SII	PA2	8SF	MKT	NPV	WDC	MLP	FTK	SCA	SVM

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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

NPV	+ 0.97	8SF
WDC	+ 0.96	MKT
PA2	+ 0.93	SII
WDC	+ 0.92	SII
SVM	+ 0.92	WDC
SVM	+ 0.91	MKT

High negative correlations

SCA

- 0.13

FTK

Risk-Adjusted Indicators

There is a big difference between SSE Stock performing well and SSE Plc 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 SSE Plc'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
SII	1.98	0.64	0.19	(6.04)	2.25	(2.09)	4.09	(3.88)	15.45
PA2	3.13	0.82	0.21	0.97	3.33	(3.56)	7.46	(5.05)	19.82
8SF	1.41	0.75	0.54	(1.86)	0.00	(1.81)	4.22	(1.69)	8.76
MKT	2.59	0.87	0.29	1.70	2.25	(3.11)	5.71	(5.01)	14.90
NPV	0.61	0.19	0.12	0.90	0.00	(1.28)	1.64	(0.85)	4.18
WDC	4.05	1.06	0.18	(1.16)	4.20	(4.50)	10.31	(8.14)	27.90
MLP	0.85	0.18	0.09	0.74	0.99	(0.94)	1.77	(1.87)	5.46
FTK	1.70	(0.05)	0.00	(0.05)	0.00	0.00	3.46	(4.50)	17.78
SCA	0.95	0.09	0.00	16.00	1.13	(1.11)	2.83	(2.18)	6.58
SVM	2.87	0.73	0.16	(5.59)	2.15	(5.71)	4.76	(4.44)	38.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in SSE Plc 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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SSE Plc Corporate Management

Elected by the shareholders, the SSE Plc's board of directors comprises two types of representatives: SSE Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SSE. The board's role is to monitor SSE Plc's management team and ensure that shareholders' interests are well served. SSE Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SSE Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gregor Alexander	Fin Director	Profile
Finlay McCutcheon	Managing Thermal	Profile
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