SINGAPORE POST Correlations

SGR Stock

EUR 0.37 0.00 0.00%

The current 90-days correlation between SINGAPORE POST and DATAGROUP SE is 0.15 (i.e., Average diversification). The correlation of SINGAPORE POST 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SINGAPORE POST Correlation With Market

Good diversification

The correlation between SINGAPORE POST and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SINGAPORE POST and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SINGAPORE Stock

0.73	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.61	MSF	Microsoft	Pair Corr
0.61	MSF	Microsoft	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.76	AMZ	Amazon Inc	Pair Corr
0.75	ADH2	Air Canada	Pair Corr
0.72	DBPE	Xtrackers LevDAX	Pair Corr

Moving against SINGAPORE Stock

0.79	CXT	Carmat SA	Pair Corr
0.69	DBPD	Xtrackers ShortDAX	Pair Corr
0.41	MTO	Mitie Group PLC	Pair Corr
0.4	MTO	METTLER TOLEDO INTL	Pair Corr
0.39	MTO	METTLER TOLEDO INTL	Pair Corr

Related Correlations Analysis

	D6H	PUP0	DOC2	1QK	ZZG	4MI	690D	BJI
D6H		0.14	-0.01	0.15	-0.08	0.22	0.55	0.57	D6H
PUP0	0.14		-0.17	0.61	-0.16	0.67	0.64	0.33	PUP0
DOC2	-0.01	-0.17		-0.41	-0.42	0.15	-0.42	-0.26	DOC2
1QK	0.15	0.61	-0.41		-0.07	0.37	0.68	0.61	1QK
ZZG	-0.08	-0.16	-0.42	-0.07		0.12	0.07	0.04	ZZG
4MI	0.22	0.67	0.15	0.37	0.12		0.45	0.26	4MI
690D	0.55	0.64	-0.42	0.68	0.07	0.45		0.83	690D
BJI	0.57	0.33	-0.26	0.61	0.04	0.26	0.83		BJI
	D6H	PUP0	DOC2	1QK	ZZG	4MI	690D	BJI

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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

BJI	+ 0.83	690D
690D	+ 0.68	1QK
4MI	+ 0.67	PUP0
690D	+ 0.64	PUP0
1QK	+ 0.61	PUP0
BJI	+ 0.61	1QK

High negative correlations

690D	- 0.42	DOC2
ZZG	- 0.42	DOC2
1QK	- 0.41	DOC2
BJI	- 0.26	DOC2
DOC2	- 0.17	PUP0
ZZG	- 0.16	PUP0

Risk-Adjusted Indicators

There is a big difference between SINGAPORE Stock performing well and SINGAPORE POST 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 SINGAPORE POST'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
D6H	1.84	(0.07)	(0.05)	0.01	2.11	(2.18)	3.85	(3.48)	13.58
PUP0	0.82	0.00	(0.04)	0.13	0.87	(1.05)	1.84	(1.79)	5.42
DOC2	2.18	(0.26)	0.00	2.31	0.00	0.00	4.35	(6.12)	13.64
1QK	1.35	0.09	(0.01)	0.74	1.76	(1.56)	3.45	(3.05)	9.07
ZZG	1.58	0.14	0.02	0.60	1.75	(2.27)	3.48	(2.67)	10.65
4MI	1.73	(0.06)	0.00	0.08	2.05	(1.71)	4.16	(3.81)	10.52
690D	1.56	0.17	0.05	0.68	1.42	(2.27)	4.93	(2.58)	11.05
BJI	1.89	0.00	0.00	0.13	0.00	0.00	6.25	(5.88)	21.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in SINGAPORE POST 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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