SGHC Correlations

SGHC Stock

USD 6.16 0.08 1.32%

The current 90-days correlation between SGHC Limited and 888 Holdings is 0.05 (i.e., Significant diversification). The correlation of SGHC 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.

SGHC Correlation With Market

Very weak diversification

The correlation between SGHC Limited and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SGHC Limited 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 SGHC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with SGHC Stock

0.8	BH	Biglari Holdings	Pair Corr
0.83	EVRI	Everi Holdings	Pair Corr
0.75	AGS	PlayAGS	Pair Corr
0.63	CMG	Chipotle Mexican Grill Sell-off Trend	Pair Corr
0.78	DPZ	Dominos Pizza	Pair Corr
0.95	EAT	Brinker International	Pair Corr
0.75	INSE	Inspired Entertainment Potential Growth	Pair Corr
0.71	NATH	Nathans Famous	Pair Corr
0.94	PLYA	Playa Hotels Resorts	Pair Corr
0.68	SBUX	Starbucks Aggressive Push	Pair Corr
0.79	SHAK	Shake Shack	Pair Corr
0.63	BJRI	BJs Restaurants	Pair Corr
0.94	BROS	Dutch Bros	Pair Corr
0.85	TXRH	Texas Roadhouse	Pair Corr
0.88	DORM	Dorman Products	Pair Corr
0.78	WEYS	Weyco Group	Pair Corr
0.79	FLXS	Flexsteel Industries	Pair Corr
0.73	ABG	Asbury Automotive	Pair Corr

Moving against SGHC Stock

0.86	BLMN	Bloomin Brands	Pair Corr
0.82	ARKR	Ark Restaurants Corp	Pair Corr
0.75	IGT	International Game	Pair Corr
0.63	WING	Wingstop	Pair Corr
0.4	LNW	Light Wonder	Pair Corr
0.81	LEA	Lear	Pair Corr
0.79	FOXF	Fox Factory Holding	Pair Corr
0.78	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.76	HVT	Haverty Furniture	Pair Corr
0.7	DAN	Dana Inc	Pair Corr
0.58	MHK	Mohawk Industries	Pair Corr
0.57	FL	Foot Locker Earnings Call Tomorrow	Pair Corr
0.53	FND	Floor Decor Holdings	Pair Corr
0.49	VC	Visteon Corp	Pair Corr
0.46	ETD	Ethan Allen Interiors	Pair Corr

Related Correlations Analysis

	GMVHF	PMKRF	ITMZF	EIHDF	RYWCF	RSI	GMBL	PDYPY	EVRI
GMVHF		0.2	0.0	-0.62	0.0	0.5	-0.02	0.12	0.34	GMVHF
PMKRF	0.2		0.0	-0.45	0.0	0.19	-0.13	-0.17	0.42	PMKRF
ITMZF	0.0	0.0		0.0	-1.0	0.0	0.0	0.0	0.0	ITMZF
EIHDF	-0.62	-0.45	0.0		0.0	-0.61	0.42	-0.26	-0.74	EIHDF
RYWCF	0.0	0.0	-1.0	0.0		0.0	0.0	0.0	0.0	RYWCF
RSI	0.5	0.19	0.0	-0.61	0.0		-0.68	0.09	0.79	RSI
GMBL	-0.02	-0.13	0.0	0.42	0.0	-0.68		-0.06	-0.85	GMBL
PDYPY	0.12	-0.17	0.0	-0.26	0.0	0.09	-0.06		0.11	PDYPY
EVRI	0.34	0.42	0.0	-0.74	0.0	0.79	-0.85	0.11		EVRI
	GMVHF	PMKRF	ITMZF	EIHDF	RYWCF	RSI	GMBL	PDYPY	EVRI

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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

EVRI	+ 0.79	RSI
RSI	+ 0.5	GMVHF
EVRI	+ 0.42	PMKRF
GMBL	+ 0.42	EIHDF
EVRI	+ 0.34	GMVHF
PMKRF	+ 0.2	GMVHF

High negative correlations

RYWCF	- 1.0	ITMZF
EVRI	- 0.85	GMBL
EVRI	- 0.74	EIHDF
GMBL	- 0.68	RSI
EIHDF	- 0.62	GMVHF
RSI	- 0.61	EIHDF

Risk-Adjusted Indicators

There is a big difference between SGHC Stock performing well and SGHC 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 SGHC'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
GMVHF	2.33	0.09	0.02	0.25	2.68	(3.14)	6.65	(4.86)	13.16
PMKRF	0.71	0.09	0.00	(0.28)	0.00	0.00	0.00	(2.56)	22.60
ITMZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EIHDF	0.92	(0.17)	0.00	0.98	0.00	0.00	0.00	0.00	20.93
RYWCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSI	2.12	0.41	0.20	0.36	2.18	(2.51)	5.15	(3.74)	11.63
GMBL	4.01	(2.12)	0.00	(81.65)	0.00	0.00	5.85	(9.75)	33.37
PDYPY	1.48	0.08	(0.06)	0.00	1.88	(1.53)	2.53	(2.83)	9.24
EVRI	0.14	0.04	(0.44)	0.66	0.00	(0.19)	0.31	(0.23)	0.83

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