SIA Engineering Correlations
| SEGSY Stock | USD 17.44 0.00 0.00% |
The current 90-days correlation between SIA Engineering and Airports of Thailand is -0.01 (i.e., Good diversification). The correlation of SIA Engineering 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.
SIA Engineering Correlation With Market
Significant diversification
The correlation between SIA Engineering and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIA Engineering and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to SIA Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIA Engineering 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 SIA Engineering - 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 SIA Engineering to buy it.
Moving together with SIA Pink Sheet
| 0.94 | AIPUF | Airports Of Thailand | PairCorr |
| 0.77 | PAC | Grupo Aeroportuario del | PairCorr |
| 0.85 | WMT | Walmart | PairCorr |
| 0.78 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.71 | CUB | Lionheart Holdings | PairCorr |
| 0.67 | ANSS | ANSYS Inc | PairCorr |
| 0.79 | EVRI | Everi Holdings | PairCorr |
| 0.76 | 34540TQL9 | US34540TQL97 | PairCorr |
| 0.63 | QBTS | D Wave Quantum | PairCorr |
| 0.88 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.91 | SOFI | SoFi Technologies Earnings Call This Week | PairCorr |
| 0.72 | BCPPF | BCE Inc | PairCorr |
| 0.78 | DEFTF | DeFi Technologies | PairCorr |
Moving against SIA Pink Sheet
| 0.78 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.77 | ANYYY | Aena SME SA | PairCorr |
| 0.75 | VLKAF | Volkswagen AG | PairCorr |
| 0.73 | HNHPF | Hon Hai Precision | PairCorr |
| 0.72 | ANNSF | Aena SME SA | PairCorr |
| 0.72 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.72 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.6 | AEOXF | Aeroports de Paris | PairCorr |
| 0.85 | DPSTF | Deutsche Post AG | PairCorr |
| 0.56 | SPLTF | SpotLite360 Technologies | PairCorr |
| 0.81 | EGIO | Edgio Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SIA Pink Sheet performing well and SIA Engineering 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 SIA Engineering'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APTPF | 5.95 | 0.80 | 0.06 | 0.22 | 7.64 | 18.92 | 71.41 | |||
| AIPUY | 3.02 | (0.07) | 0.00 | 0.18 | 0.00 | 8.78 | 32.17 | |||
| ANNSF | 0.69 | (0.14) | 0.00 | (0.58) | 0.00 | 1.57 | 5.61 | |||
| ANYYY | 1.09 | (0.11) | 0.00 | (0.31) | 0.00 | 1.83 | 6.48 | |||
| ARRPY | 0.66 | (0.23) | 0.00 | 1.93 | 0.00 | 0.00 | 13.09 | |||
| AEOXF | 0.55 | (0.07) | 0.00 | 0.57 | 0.00 | 1.23 | 9.66 | |||
| PAC | 1.51 | 0.16 | 0.08 | 0.38 | 1.62 | 3.99 | 9.70 | |||
| GPAEF | 2.55 | 0.45 | 0.03 | 0.42 | 4.90 | 3.54 | 76.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SIA Engineering 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.Did you try this?
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SIA Engineering Corporate Executives
Elected by the shareholders, the SIA Engineering's board of directors comprises two types of representatives: SIA Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SIA. The board's role is to monitor SIA Engineering's management team and ensure that shareholders' interests are well served. SIA Engineering'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, SIA Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.