Singapore Telecommunicatio Correlations
| SGAPY Stock | USD 22.33 0.26 1.15% |
The current 90-days correlation between Singapore Telecommunicatio and Koninklijke KPN NV is 0.12 (i.e., Average diversification). The correlation of Singapore Telecommunicatio 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.
Singapore Telecommunicatio Correlation With Market
Good diversification
The correlation between Singapore Telecommunications P and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Singapore Telecommunications P and DJI in the same portfolio, assuming nothing else is changed.
Singapore |
The ability to find closely correlated positions to Singapore Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Singapore Telecommunicatio 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 Singapore Telecommunicatio - 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 Singapore Telecommunications PK to buy it.
Moving together with Singapore Pink Sheet
| 0.66 | BKRKY | Bank Rakyat | PairCorr |
| 0.67 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.71 | PPERY | Bank Mandiri Persero | PairCorr |
Moving against Singapore Pink Sheet
| 0.65 | NTTYY | Nippon Telegraph | PairCorr |
| 0.56 | IONQ | IONQ Inc | PairCorr |
| 0.5 | NVDA | NVIDIA | PairCorr |
| 0.46 | CMCSA | Comcast Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.45 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.42 | SSNLF | Samsung Electronics | PairCorr |
| 0.32 | DTEGF | Deutsche Telekom | PairCorr |
| 0.68 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.58 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.56 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.54 | HPQ | HP Inc | PairCorr |
| 0.46 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.42 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.41 | NDAQ | Nasdaq Inc | PairCorr |
| 0.4 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.4 | WMT | Walmart Aggressive Push | PairCorr |
| 0.39 | VRT | Vertiv Holdings | PairCorr |
| 0.39 | AXP | American Express Fiscal Year End 24th of January 2025 | 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 Singapore Pink Sheet performing well and Singapore Telecommunicatio 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 Singapore Telecommunicatio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NPPXF | 3.74 | 0.21 | 0.01 | (0.33) | 4.58 | 7.53 | 29.09 | |||
| KKPNY | 0.88 | 0.27 | 0.11 | (2.62) | 0.91 | 2.62 | 6.64 | |||
| MYTAY | 1.59 | 0.12 | (0.01) | (0.80) | 2.07 | 3.82 | 12.26 | |||
| HLTOY | 1.39 | (0.12) | 0.00 | (0.14) | 0.00 | 2.92 | 9.34 | |||
| TLSNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VODPF | 1.68 | (0.09) | 0.00 | 1.00 | 0.00 | 4.26 | 27.67 | |||
| KDDIF | 1.63 | (0.09) | 0.00 | 0.47 | 0.00 | 4.42 | 20.31 | |||
| AMXOF | 6.96 | (0.11) | 0.00 | 0.50 | 0.00 | 20.51 | 43.19 | |||
| ASEJF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TELNF | 1.04 | (0.12) | 0.00 | (0.95) | 0.00 | 3.80 | 10.52 |
Be your own money manager
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