Seaport Entertainment Correlations

SEG Stock

26.60 0.14 0.53%

The current 90-days correlation between Seaport Entertainment and Proficient Auto Logistics, is 0.27 (i.e., Modest diversification). The correlation of Seaport Entertainment 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.

Seaport Entertainment Correlation With Market

Average diversification

The correlation between Seaport Entertainment Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seaport Entertainment Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seaport Stock

0.72	F	Ford Motor Earnings Call This Week	Pair Corr
0.63	GM	General Motors	Pair Corr
0.65	GT	Goodyear Tire Rubber	Pair Corr
0.64	VC	Visteon Corp	Pair Corr
0.68	WKHS	Workhorse Group	Pair Corr
0.74	AXL	American Axle Manufa	Pair Corr
0.62	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.72	HOG	Harley Davidson Earnings Call This Week	Pair Corr
0.78	MGA	Magna International Earnings Call This Week	Pair Corr

Moving against Seaport Stock

0.65	WKSP	Worksport Earnings Call This Week	Pair Corr
0.51	TM	Toyota Motor Earnings Call This Week	Pair Corr
0.45	ZK	ZEEKR Intelligent	Pair Corr
0.37	FLYE	Fly E Group,	Pair Corr
0.49	FRSX	Foresight Autonomous	Pair Corr
0.45	SES	SES AI Corp	Pair Corr
0.44	HMC	Honda Motor Earnings Call This Week	Pair Corr
0.41	DAN	Dana Inc Trending	Pair Corr
0.41	GTX	Garrett Motion	Pair Corr

Related Correlations Analysis

	PAL	SKX	LQRCF	BTNY	FLYX	VRRM	OPINL	LOMLF
PAL		0.33	0.05	0.0	0.17	0.06	-0.16	0.17	PAL
SKX	0.33		-0.08	0.0	0.73	0.41	0.24	-0.28	SKX
LQRCF	0.05	-0.08		0.0	0.16	0.52	0.1	0.72	LQRCF
BTNY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BTNY
FLYX	0.17	0.73	0.16	0.0		0.61	0.34	0.04	FLYX
VRRM	0.06	0.41	0.52	0.0	0.61		0.63	0.54	VRRM
OPINL	-0.16	0.24	0.1	0.0	0.34	0.63		0.16	OPINL
LOMLF	0.17	-0.28	0.72	0.0	0.04	0.54	0.16		LOMLF
	PAL	SKX	LQRCF	BTNY	FLYX	VRRM	OPINL	LOMLF

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

FLYX	+ 0.73	SKX
LOMLF	+ 0.72	LQRCF
OPINL	+ 0.63	VRRM
VRRM	+ 0.61	FLYX
LOMLF	+ 0.54	VRRM
VRRM	+ 0.52	LQRCF

High negative correlations

LOMLF	- 0.28	SKX
OPINL	- 0.16	PAL
LQRCF	- 0.08	SKX
LOMLF	- 0.0	BTNY
OPINL	- 0.0	BTNY
VRRM	- 0.0	BTNY

Risk-Adjusted Indicators

There is a big difference between Seaport Stock performing well and Seaport Entertainment 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 Seaport Entertainment'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
PAL	2.43	0.21	0.06	0.43	3.04	(2.57)	4.98	(4.62)	16.71
SKX	1.40	0.34	0.17	1.27	1.27	(1.55)	3.29	(2.43)	8.63
LQRCF	1.69	(0.10)	0.00	(0.11)	0.00	0.00	4.88	(4.00)	40.77
BTNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FLYX	2.93	0.70	0.15	(0.61)	2.83	(3.52)	6.85	(5.71)	22.28
VRRM	1.10	0.05	(0.03)	(0.02)	2.49	(0.95)	2.16	(2.50)	11.24
OPINL	2.05	(0.15)	0.00	(0.36)	0.00	0.00	4.10	(4.05)	17.18
LOMLF	2.88	(0.02)	(0.01)	0.05	3.35	(6.38)	5.88	(5.56)	27.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC