Safe Correlations

SGD Stock

1.65 0.03 1.85%

The current 90-days correlation between Safe and Green and ChampionX is 0.03 (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

Average diversification

The correlation between Safe and Green and DJI is 0.16 (i.e., Average 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

0.67

BEKE

Ke Holdings

Pair Corr

Moving against Safe Stock

0.67	IRS	IRSA Inversiones Y Earnings Call This Week	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.41	CBRE	CBRE Group Class	Pair Corr
0.33	FRPH	Frp Holdings Ord	Pair Corr
0.32	RC	Ready Capital Corp	Pair Corr
0.72	MITT-PC	AG Mortgage Investment	Pair Corr
0.42	EQIX	Equinix	Pair Corr
0.35	CDR-PB	Cedar Realty Trust	Pair Corr
0.35	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	CHX	IDPUF	ECG	HURC	GTLS-PB	PH	J	MYRG
CHX		0.26	-0.13	0.78	-0.03	0.75	0.59	0.12	CHX
IDPUF	0.26		-0.73	0.26	-0.83	-0.05	0.65	-0.61	IDPUF
ECG	-0.13	-0.73		-0.28	0.76	0.06	-0.37	0.5	ECG
HURC	0.78	0.26	-0.28		-0.21	0.65	0.56	0.09	HURC
GTLS-PB	-0.03	-0.83	0.76	-0.21		0.3	-0.36	0.69	GTLS-PB
PH	0.75	-0.05	0.06	0.65	0.3		0.41	0.6	PH
J	0.59	0.65	-0.37	0.56	-0.36	0.41		-0.2	J
MYRG	0.12	-0.61	0.5	0.09	0.69	0.6	-0.2		MYRG
	CHX	IDPUF	ECG	HURC	GTLS-PB	PH	J	MYRG

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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

HURC	+ 0.78	CHX
GTLS-PB	+ 0.76	ECG
PH	+ 0.75	CHX
MYRG	+ 0.69	GTLS-PB
J	+ 0.65	IDPUF
PH	+ 0.65	HURC

High negative correlations

GTLS-PB	- 0.83	IDPUF
ECG	- 0.73	IDPUF
MYRG	- 0.61	IDPUF
J	- 0.37	ECG
J	- 0.36	GTLS-PB
HURC	- 0.28	ECG

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHX	1.42	(0.05)	0.00	(0.03)	0.00	0.00	2.85	(2.87)	14.33
IDPUF	0.62	(0.28)	0.00	0.74	0.00	0.00	0.00	0.00	20.70
ECG	3.09	0.61	0.15	2.04	3.33	(3.45)	6.02	(5.11)	24.54
HURC	1.98	0.05	0.01	0.17	2.20	(2.03)	4.27	(3.42)	14.38
GTLS-PB	1.96	0.65	0.30	0.75	1.64	(2.36)	5.00	(3.07)	14.95
PH	1.09	0.14	0.08	0.33	1.07	(1.25)	1.81	(1.79)	11.90
J	0.99	(0.06)	0.00	(0.03)	0.00	0.00	1.55	(1.88)	9.97
MYRG	2.24	0.30	0.09	0.44	2.77	(2.53)	5.71	(3.74)	25.94

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