Sgd Holdings Correlations
| SGDH Stock | USD 0 0.0008 14.04% |
The current 90-days correlation between Sgd Holdings and Potash America is -0.11 (i.e., Good diversification). The correlation of Sgd Holdings 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.
Sgd Holdings Correlation With Market
Average diversification
The correlation between Sgd Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sgd Holdings and DJI in the same portfolio, assuming nothing else is changed.
Sgd |
The ability to find closely correlated positions to Sgd Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sgd Holdings 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 Sgd Holdings - 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 Sgd Holdings to buy it.
Moving together with Sgd Pink Sheet
| 0.74 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.74 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | GM | General Motors Aggressive Push | PairCorr |
| 0.75 | NWN | Northwest Natural Gas | PairCorr |
| 0.85 | TTWO | Take Two Interactive | PairCorr |
| 0.65 | KSCP | Knightscope | PairCorr |
| 0.68 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.7 | ZG | Zillow Group | PairCorr |
| 0.86 | DXYZ | Destiny Tech100 Trending | PairCorr |
Moving against Sgd Pink Sheet
| 0.82 | SGSOY | SGS SA | PairCorr |
| 0.71 | BVVBY | Bureau Veritas SA | PairCorr |
| 0.69 | QLGN | Qualigen Therapeutics Upward Rally | PairCorr |
| 0.61 | SGSOF | SGS SA | PairCorr |
| 0.6 | EFX | Equifax | PairCorr |
| 0.42 | EXPGY | Experian plc PK | PairCorr |
| 0.4 | BYCRF | BayCurrent Consulting | PairCorr |
| 0.46 | SGD | Safe and Green | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Sgd Pink Sheet performing well and Sgd Holdings 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 Sgd Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAKL | 4.89 | 0.81 | 0.00 | 0.53 | 0.00 | 0.00 | 124.18 | |||
| PTAM | 3.95 | 0.63 | 0.04 | 0.86 | 4.45 | 14.29 | 55.36 | |||
| BLDV | 22.77 | 6.34 | 0.11 | (2.10) | 18.57 | 100.00 | 150.00 | |||
| DCAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIMH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LGBS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADHC | 11.20 | 1.45 | 0.11 | 1.80 | 11.48 | 28.57 | 72.82 | |||
| DFCO | 6.44 | (1.30) | 0.00 | 3.61 | 0.00 | 15.38 | 73.58 | |||
| TRU | 1.25 | (0.04) | (0.01) | 0.07 | 1.75 | 2.47 | 8.10 |
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