Sabre Gold Correlations

SGLDF Stock

USD 0.15 0.01 7.14%

The correlation of Sabre Gold 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.

Sabre Gold Correlation With Market

Average diversification

The correlation between Sabre Gold Mines and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sabre Gold Mines and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sabre Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sabre Gold 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 Sabre Gold - 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 Sabre Gold Mines to buy it.

Moving together with Sabre OTC Stock

0.65	PTAIF	PT Astra International	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	DIS	Walt Disney Sell-off Trend	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Sabre OTC Stock

0.85	TLK	Telkom Indonesia Tbk	Pair Corr
0.84	BKRKY	Bank Rakyat	Pair Corr
0.84	PPERY	Bank Mandiri Persero	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.71	PPERF	Bank Mandiri Persero	Pair Corr
0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.63	PBCRY	Bank Central Asia	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.45	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.44	PTAIY	Astra International Tbk	Pair Corr
0.33	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	VIV	VOD	TV	AMX	TEF	SKM	KT	LBRDA	PHI	TIMB
VIV		0.83	0.22	0.69	0.81	0.58	-0.54	-0.57	0.85	0.95	VIV
VOD	0.83		-0.06	0.74	0.83	0.76	-0.38	-0.78	0.88	0.88	VOD
TV	0.22	-0.06		0.13	0.33	-0.26	-0.12	0.48	0.22	0.04	TV
AMX	0.69	0.74	0.13		0.67	0.38	-0.47	-0.53	0.78	0.67	AMX
TEF	0.81	0.83	0.33	0.67		0.6	-0.28	-0.5	0.83	0.76	TEF
SKM	0.58	0.76	-0.26	0.38	0.6		0.1	-0.69	0.53	0.67	SKM
KT	-0.54	-0.38	-0.12	-0.47	-0.28	0.1		0.4	-0.59	-0.56	KT
LBRDA	-0.57	-0.78	0.48	-0.53	-0.5	-0.69	0.4		-0.67	-0.74	LBRDA
PHI	0.85	0.88	0.22	0.78	0.83	0.53	-0.59	-0.67		0.89	PHI
TIMB	0.95	0.88	0.04	0.67	0.76	0.67	-0.56	-0.74	0.89		TIMB
	VIV	VOD	TV	AMX	TEF	SKM	KT	LBRDA	PHI	TIMB

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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

TIMB	+ 0.95	VIV
TIMB	+ 0.89	PHI
PHI	+ 0.88	VOD
TIMB	+ 0.88	VOD
PHI	+ 0.85	VIV
VOD	+ 0.83	VIV

High negative correlations

LBRDA	- 0.78	VOD
TIMB	- 0.74	LBRDA
LBRDA	- 0.69	SKM
PHI	- 0.67	LBRDA
PHI	- 0.59	KT
LBRDA	- 0.57	VIV

Risk-Adjusted Indicators

There is a big difference between Sabre OTC Stock performing well and Sabre Gold OTC Stock 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 Sabre Gold'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
VIV	1.26	(0.20)	0.00	(2.30)	0.00	0.00	2.33	(3.11)	6.67
VOD	1.04	(0.14)	0.00	(0.23)	0.00	0.00	2.06	(2.12)	11.18
TV	2.88	(0.10)	(0.01)	0.05	4.18	(2.71)	5.38	(6.56)	20.33
AMX	1.15	(0.23)	0.00	(0.25)	0.00	0.00	2.26	(2.88)	7.18
TEF	0.82	0.03	0.00	0.05	0.00	0.00	2.12	(1.77)	6.16
SKM	0.91	0.08	(0.05)	(1.24)	1.10	(0.99)	2.11	(1.65)	5.40
KT	1.30	0.31	0.12	1.05	1.42	(1.52)	4.23	(2.02)	11.99
LBRDA	2.16	0.35	0.22	0.39	1.51	(2.84)	4.70	(3.19)	33.07
PHI	1.08	(0.33)	0.00	(0.94)	0.00	0.00	1.83	(2.63)	6.56
TIMB	1.27	(0.36)	0.00	(1.62)	0.00	0.00	2.28	(2.84)	8.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sabre Gold 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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