Safe Correlations

Stocks . USA . 
Stock . Safe and Green
SGD Stock   1.79  0.02  1.10%   
The current 90-days correlation between Safe and Green and Western Digital is 0.05 (i.e., Significant diversification). The correlation of Safe 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.

Safe Correlation With Market

Modest diversification

The correlation between Safe and Green and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safe and Green 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 Safe and Green. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Safe Stock

  0.73SRG Seritage Growth PropPairCorr
  0.8XHG XChange TECINC Symbol ChangePairCorr
  0.72INTG IntergroupPairCorr
  0.71FR First Industrial RealtyPairCorr
  0.79RC Ready Capital CorpPairCorr
  0.81UK Ucommune InternationalPairCorr
  0.8AHT-PH Ashford Hospitality TrustPairCorr
  0.78AHT-PI Ashford Hospitality TrustPairCorr
  0.65AHT-PD Ashford Hospitality TrustPairCorr
  0.74AHT-PF Ashford Hospitality TrustPairCorr
  0.83AHT-PG Ashford Hospitality Trust Downward RallyPairCorr
  0.68VINO Gaucho Group HoldingsPairCorr
  0.7VTMX Corporacin InmobiliariaPairCorr

Moving against Safe Stock

  0.81UE Urban Edge Properties Sell-off TrendPairCorr
  0.64LRE Lead Real EstatePairCorr
  0.57VNO-PN Vornado Realty TrustPairCorr
  0.56VNO-PM Vornado Realty Trust Potential GrowthPairCorr
  0.45JLL Jones Lang LaSallePairCorr
  0.81MITT-PC AG Mortgage InvestmentPairCorr
  0.78WELL WelltowerPairCorr
  0.73EQIX EquinixPairCorr
  0.69MITT-PB AG Mortgage InvestmentPairCorr
  0.69AAT American Assets TrustPairCorr
  0.68CDR-PC Cedar Realty TrustPairCorr
  0.63NREF-PA NexPoint Real EstatePairCorr
  0.62MITT-PA AG Mortgage InvestmentPairCorr

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   
BC
+ 0.68
WDC
ASUR
+ 0.6
WDC
VC
+ 0.56
ADNT
MGA
+ 0.48
BC
BC
+ 0.41
ASUR
MGA
+ 0.24
WDC
  
High negative correlations   
VC
- 0.26
WDC
VC
- 0.24
ASUR
VC
- 0.13
BC
MGA
- 0.07
ADNT
ASUR
- 0.06
ADNT
MGA
- 0.0
VC

Risk-Adjusted Indicators

There is a big difference between Safe Stock performing well and Safe 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 Safe'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.

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