SGS SA Correlations

SGSOF Stock

USD 111.03 6.14 5.24%

The current 90-days correlation between SGS SA and Brambles Ltd ADR is 0.05 (i.e., Significant diversification). The correlation of SGS SA 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.

SGS SA Correlation With Market

Average diversification

The correlation between SGS SA and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SGS SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SGS Pink Sheet

0.72	SGSOY	SGS SA	Pair Corr
0.64	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PBCRY	Bank Central Asia	Pair Corr
0.75	TGS	Transportadora de Gas	Pair Corr
0.7	TGI	Triumph Group	Pair Corr
0.64	FEMY	Femasys	Pair Corr

Moving against SGS Pink Sheet

0.75	EFX	Equifax	Pair Corr
0.71	BAH	Booz Allen Hamilton	Pair Corr
0.62	EXPGF	Experian PLC	Pair Corr
0.61	EXPGY	Experian plc PK	Pair Corr
0.47	ADVWW	Advantage Solutions	Pair Corr
0.38	VHAI	VHAI	Pair Corr
0.31	KTRIF	KTRIF	Pair Corr

Related Correlations Analysis

	BXBLY	BMBLF	IHICF	BVVBY	AIPUY	BVRDF	SGGKY	VWSYF	NNDNF	SMECF
BXBLY		0.81	0.15	0.24	-0.4	-0.85	0.14	-0.82	0.77	-0.41	BXBLY
BMBLF	0.81		0.14	0.23	-0.5	-0.74	0.1	-0.8	0.6	-0.28	BMBLF
IHICF	0.15	0.14		-0.37	-0.26	-0.19	-0.03	-0.25	0.41	-0.52	IHICF
BVVBY	0.24	0.23	-0.37		-0.23	-0.27	-0.28	-0.25	-0.08	0.24	BVVBY
AIPUY	-0.4	-0.5	-0.26	-0.23		0.56	-0.16	0.64	-0.36	0.26	AIPUY
BVRDF	-0.85	-0.74	-0.19	-0.27	0.56		-0.29	0.94	-0.82	0.48	BVRDF
SGGKY	0.14	0.1	-0.03	-0.28	-0.16	-0.29		-0.24	0.3	-0.26	SGGKY
VWSYF	-0.82	-0.8	-0.25	-0.25	0.64	0.94	-0.24		-0.8	0.46	VWSYF
NNDNF	0.77	0.6	0.41	-0.08	-0.36	-0.82	0.3	-0.8		-0.6	NNDNF
SMECF	-0.41	-0.28	-0.52	0.24	0.26	0.48	-0.26	0.46	-0.6		SMECF
	BXBLY	BMBLF	IHICF	BVVBY	AIPUY	BVRDF	SGGKY	VWSYF	NNDNF	SMECF

Please upgrade your account to get full access to Macroaxis premium features

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

VWSYF	+ 0.94	BVRDF
BMBLF	+ 0.81	BXBLY
NNDNF	+ 0.77	BXBLY
VWSYF	+ 0.64	AIPUY
NNDNF	+ 0.6	BMBLF
BVRDF	+ 0.56	AIPUY

High negative correlations

BVRDF	- 0.85	BXBLY
NNDNF	- 0.82	BVRDF
VWSYF	- 0.82	BXBLY
NNDNF	- 0.8	VWSYF
VWSYF	- 0.8	BMBLF
BVRDF	- 0.74	BMBLF

Risk-Adjusted Indicators

There is a big difference between SGS Pink Sheet performing well and SGS SA 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 SGS SA'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
BXBLY	0.99	(0.15)	0.00	(0.08)	0.00	0.00	1.82	(1.98)	8.78
BMBLF	1.49	(0.13)	0.00	(0.56)	0.00	0.00	3.52	(5.24)	13.88
IHICF	2.71	(1.22)	0.00	8.51	0.00	0.00	0.00	(1.15)	82.85
BVVBY	0.86	0.04	0.01	0.14	1.06	(0.90)	1.68	(1.66)	5.94
AIPUY	2.63	0.86	0.00	2.69	0.00	0.00	9.28	(5.85)	49.17
BVRDF	0.47	0.21	0.00	(0.69)	0.00	0.00	0.00	0.00	9.98
SGGKY	1.30	0.01	0.00	0.07	0.00	0.00	4.77	(4.96)	14.03
VWSYF	1.76	0.47	0.25	1.06	1.27	(2.13)	5.33	(3.06)	14.78
NNDNF	1.77	(0.62)	0.00	118.44	0.00	0.00	2.07	(0.90)	39.16
SMECF	3.01	0.27	0.06	(3.70)	3.20	(3.36)	7.63	(6.66)	22.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in SGS SA 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.

Did you try this?

Run Balance Of Power Now

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

All Next

Launch Module

SGS SA Corporate Management

Ewald Helm	Global VP	Profile
Frankie Ng	Chief Officer	Profile
Olivier Merkt	Chief Compliance Officer, General Counsel, Member of Operations Council and Company Secretary	Profile
Tobias Reeks	Corp Relations	Profile
Dominik Daniel	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC