Sempra Correlations

SE4 Stock

EUR 88.10 0.60 0.69%

The current 90-days correlation between Sempra and Salesforce is 0.21 (i.e., Modest diversification). The correlation of Sempra 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.

Sempra Correlation With Market

Good diversification

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

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

Moving together with Sempra Stock

0.68	DOD	Dominion Energy	Pair Corr
0.75	PJM	PT Bumi Resources Earnings Call This Week	Pair Corr
0.7	EK7	AGRICUL BK CHINA	Pair Corr
0.76	UN3	United Natural Foods	Pair Corr

Moving against Sempra Stock

0.69	OB8	PT Barito Pacific	Pair Corr
0.59	TCID	Telkom Indonesia Tbk	Pair Corr
0.53	BYRA	PT Bank Rakyat	Pair Corr
0.45	GZF	Engie SA	Pair Corr
0.44	NVPJ	TMBThanachart Bank Public	Pair Corr
0.39	GZFB	ENGIE ADR1 EO	Pair Corr
0.34	DBPD	Xtrackers ShortDAX	Pair Corr
0.33	ENL	Enel SpA	Pair Corr
0.33	ENLA	Enel SpA	Pair Corr

Related Correlations Analysis

	B7O	FOO0	N0S	WN6	FOO	BSI	CQD
B7O		0.59	-0.8	0.45	0.61	-0.51	0.16	B7O
FOO0	0.59		-0.74	0.9	0.97	-0.18	0.73	FOO0
N0S	-0.8	-0.74		-0.55	-0.74	0.45	-0.33	N0S
WN6	0.45	0.9	-0.55		0.88	-0.02	0.75	WN6
FOO	0.61	0.97	-0.74	0.88		-0.23	0.76	FOO
BSI	-0.51	-0.18	0.45	-0.02	-0.23		0.04	BSI
CQD	0.16	0.73	-0.33	0.75	0.76	0.04		CQD
	B7O	FOO0	N0S	WN6	FOO	BSI	CQD

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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

FOO	+ 0.97	FOO0
WN6	+ 0.9	FOO0
FOO	+ 0.88	WN6
CQD	+ 0.76	FOO
CQD	+ 0.75	WN6
CQD	+ 0.73	FOO0

High negative correlations

N0S	- 0.8	B7O
FOO	- 0.74	N0S
N0S	- 0.74	FOO0
WN6	- 0.55	N0S
BSI	- 0.51	B7O
CQD	- 0.33	N0S

Risk-Adjusted Indicators

There is a big difference between Sempra Stock performing well and Sempra 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 Sempra'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
B7O	2.61	0.80	0.11	(0.83)	2.13	(6.87)	5.56	(4.17)	38.72
FOO0	1.43	0.32	0.18	0.94	0.99	(2.18)	3.50	(1.95)	14.31
N0S	2.21	(0.50)	0.00	44.63	0.00	0.00	3.74	(4.03)	30.13
WN6	1.10	0.18	0.07	0.56	1.04	(1.63)	2.73	(1.79)	6.24
FOO	1.37	0.39	0.30	0.41	0.92	(1.61)	4.15	(2.26)	11.42
BSI	2.01	(0.22)	0.00	(0.30)	0.00	0.00	4.11	(4.41)	13.50
CQD	1.93	0.27	0.10	0.65	1.88	(2.30)	5.22	(3.12)	19.48

Be your own money manager

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

Elected by the shareholders, the Sempra's board of directors comprises two types of representatives: Sempra inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sempra. The board's role is to monitor Sempra's management team and ensure that shareholders' interests are well served. Sempra'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, Sempra's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey Martin	Pres Chairman	Profile
Justin Bird	Chief Officer	Profile
Trevor Mihalik	CFO VP	Profile
Paul Yong	Chief VP	Profile
Faisel Khan	VP Fin	Profile
Kevin Sagara	Ex Utilities	Profile
Karen Sedgwick	Chief Officer	Profile

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