Sage Group Correlations

SGE Stock   1,290  15.50  1.19%   
The current 90-days correlation between Sage Group PLC and Samsung Electronics Co is -0.09 (i.e., Good diversification). The correlation of Sage Group 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.

Sage Group Correlation With Market

Significant diversification

The correlation between Sage Group PLC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sage Group PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sage Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sage Group 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 Sage Group - 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 Sage Group PLC to buy it.

Moving together with Sage Stock

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  0.6170GD 70GDPairCorr
  0.90R3C American ExpressPairCorr
  0.86HSBA HSBC Holdings PLCPairCorr
  0.7BGEO Bank of GeorgiaPairCorr
  0.840N7I Cairo Communication SpAPairCorr
  0.69SMDS DS Smith PLCPairCorr
  0.870HPW Broadridge FinancialPairCorr
  0.770I9F Digital Realty TrustPairCorr
  0.88GAW Games Workshop GroupPairCorr
  0.87SSON Smithson Investment TrustPairCorr
  0.83GST GSTechnologiesPairCorr
  0.740LAI Summit MaterialsPairCorr
  0.88MNKS Monks Investment TrustPairCorr
  0.790K2K Molson Coors BeveragePairCorr
  0.640HW4 Charter CommunicationsPairCorr

Moving against Sage Stock

  0.86IMM ImmuPharma PLCPairCorr
  0.72IIG Intuitive InvestmentsPairCorr
  0.64EMH European Metals HoldingsPairCorr
  0.48CLC Calculus VCT plcPairCorr
  0.32OOA Octopus Aim VctPairCorr
  0.4RIO Rio Tinto PLCPairCorr

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   
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RIGDSMSN
RIGDSMSD
HYUDSMSD
HYUDSMSN
RIGDHYUD
  
High negative correlations   
HSBKHYUD
HSBKSMSN
HSBKSMSD
HSBKRIGD
TYTHYUD
SBIDSMSD

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sage Group 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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Sage Group Corporate Management

Elected by the shareholders, the Sage Group's board of directors comprises two types of representatives: Sage Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sage. The board's role is to monitor Sage Group's management team and ensure that shareholders' interests are well served. Sage Group'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, Sage Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark HickmanManaging AmericaProfile
Walid AbuHadbaChief OfficerProfile
Aaron HarrisChief OfficerProfile
Victoria BradinGeneral SecretaryProfile
Catherine KeersChief OfficerProfile