SES SA Correlations

SES Stock

EUR 6.58 0.05 0.75%

The current 90-days correlation between SES SA and Alphabet Class A is 0.18 (i.e., Average diversification). The correlation of SES SA 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.

SES SA Correlation With Market

Poor diversification

The correlation between SES SA and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SES SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SES Stock

0.88	TGE1	MOBILEZONE N	Pair Corr
0.66	UTDI	UNITED INTERNET N	Pair Corr
0.87	KGHA	KGHM Polska Miedz	Pair Corr
0.7	ZNHH	China Southern Airlines	Pair Corr
0.73	FV6	EMMI N Earnings Call This Week	Pair Corr
0.76	GPT	Genuine Parts	Pair Corr
0.77	LOR	LOral SA	Pair Corr
0.91	BSI	BE Semiconductor Ind Earnings Call Today	Pair Corr
0.92	ST2	Sturm Ruger	Pair Corr
0.77	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.74	1KT	Keysight Technologies Earnings Call This Week	Pair Corr
0.69	SJ3	Sherwin Williams	Pair Corr
0.89	HBC1	HSBC Holdings plc Earnings Call This Week	Pair Corr
0.8	1SZ0	Santacruz Silver Mining Split	Pair Corr
0.89	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.7	L3X	Centrais Elétricas Earnings Call This Week	Pair Corr
0.62	ADH2	Air Canada	Pair Corr
0.67	6VD	BD MULTI MEDIA Split	Pair Corr
0.95	43C	CACTUS INC CLA Earnings Call This Week	Pair Corr
0.88	TQI	TELECOM ITALIA	Pair Corr
0.92	G40	GDS Holdings Limited	Pair Corr
0.7	UWS	Waste Management	Pair Corr

Moving against SES Stock

0.86	MBJ	MBIA Earnings Call This Week	Pair Corr
0.84	MBJ	MBIA Inc Earnings Call This Week	Pair Corr
0.8	BT3	BIOTIME	Pair Corr
0.76	IB5A	I CABLE M	Pair Corr
0.65	AJW	ANGES MG	Pair Corr
0.38	TLIK	TELES Informationstech	Pair Corr
0.32	KMY	Kimberly Clark	Pair Corr
0.72	DBPD	Xtrackers ShortDAX	Pair Corr
0.33	8LU	TAURUS ENERGY AB	Pair Corr

Related Correlations Analysis

	NVDG	NVD	NVD	APC8	APC	APC	ABEC	ABEC	ABEA	ABEA
NVDG		0.52	0.74	-0.18	-0.21	-0.19	-0.1	-0.08	-0.11	-0.09	NVDG
NVD	0.52		0.74	-0.26	-0.21	-0.19	-0.08	-0.17	-0.18	-0.07	NVD
NVD	0.74	0.74		-0.22	-0.18	-0.12	-0.06	-0.09	-0.11	-0.06	NVD
APC8	-0.18	-0.26	-0.22		0.83	0.88	-0.38	-0.31	-0.29	-0.38	APC8
APC	-0.21	-0.21	-0.18	0.83		0.96	-0.35	-0.31	-0.3	-0.35	APC
APC	-0.19	-0.19	-0.12	0.88	0.96		-0.37	-0.32	-0.3	-0.37	APC
ABEC	-0.1	-0.08	-0.06	-0.38	-0.35	-0.37		0.95	0.94	1.0	ABEC
ABEC	-0.08	-0.17	-0.09	-0.31	-0.31	-0.32	0.95		0.99	0.95	ABEC
ABEA	-0.11	-0.18	-0.11	-0.29	-0.3	-0.3	0.94	0.99		0.94	ABEA
ABEA	-0.09	-0.07	-0.06	-0.38	-0.35	-0.37	1.0	0.95	0.94		ABEA
	NVDG	NVD	NVD	APC8	APC	APC	ABEC	ABEC	ABEA	ABEA

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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

ABEA	+ 1.0	ABEC
ABEA	+ 0.99	ABEC
APC	+ 0.96	APC
ABEC	+ 0.95	ABEC
ABEA	+ 0.95	ABEC
ABEA	+ 0.94	ABEC

High negative correlations

ABEA	- 0.38	APC8
ABEC	- 0.38	APC8
ABEA	- 0.37	APC
ABEC	- 0.37	APC
ABEA	- 0.35	APC
ABEC	- 0.35	APC

Risk-Adjusted Indicators

There is a big difference between SES Stock performing well and SES SA 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 SES SA'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
NVDG	2.02	(0.08)	0.00	(0.35)	0.00	0.00	4.18	(5.13)	12.01
NVD	1.54	0.00	0.00	0.00	0.00	0.00	3.36	(4.02)	8.65
NVD	1.62	(0.13)	0.00	(0.10)	0.00	0.00	3.11	(3.19)	11.01
APC8	1.22	(0.07)	0.00	0.31	0.00	0.00	2.66	(2.59)	9.65
APC	1.04	(0.08)	0.00	(0.50)	0.00	0.00	2.62	(2.11)	7.96
APC	1.03	(0.12)	0.00	(0.13)	0.00	0.00	2.43	(2.51)	9.28
ABEC	1.29	0.06	0.03	0.25	1.30	(1.66)	3.02	(2.46)	7.76
ABEC	1.27	0.01	(0.01)	0.06	1.35	(1.43)	2.78	(2.30)	7.95
ABEA	1.33	0.02	0.00	0.10	1.48	(1.50)	2.93	(2.46)	9.71
ABEA	1.30	0.07	0.03	0.27	1.37	(1.51)	2.89	(2.46)	8.07

Be your own money manager

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

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

Christine Leurquin	VP Communications	Profile
Veronika Ivanovic	Chief Officer	Profile
Sandeep Jalan	Chief Officer	Profile
Aaron Shourie	Chief Officer	Profile
Elias Zaccack	Senior Americas	Profile
Steve Collar	CEO Pres	Profile
Deepak Mathur	AsiaPacific Commercial	Profile

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