SGS SA Correlations

SGSOY Stock

USD 11.68 0.05 0.43%

The current 90-days correlation between SGS SA and Brambles Ltd ADR is 0.15 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SGS SA Correlation With Market

Very weak diversification

The correlation between SGS SA and DJI is 0.41 (i.e., Very weak 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 against SGS Pink Sheet

0.56	BAH	Booz Allen Hamilton	Pair Corr
0.37	FSTF	First State Financial	Pair Corr
0.37	IPMG	International Precious	Pair Corr
0.36	EFX	Equifax	Pair Corr

Related Correlations Analysis

	BXBLY	IHICF	AIPUY	BMBLF	SGGKY	BVVBY	BVRDF	TTNDY	SGGKF	VWDRY
BXBLY		-0.5	-0.33	0.69	-0.05	0.4	0.0	0.58	0.53	-0.71	BXBLY
IHICF	-0.5		-0.27	-0.23	-0.09	-0.13	0.0	-0.42	0.06	0.29	IHICF
AIPUY	-0.33	-0.27		-0.52	-0.08	-0.35	0.0	0.17	-0.76	0.69	AIPUY
BMBLF	0.69	-0.23	-0.52		0.01	0.36	0.0	0.34	0.59	-0.78	BMBLF
SGGKY	-0.05	-0.09	-0.08	0.01		-0.3	0.0	-0.23	0.04	-0.15	SGGKY
BVVBY	0.4	-0.13	-0.35	0.36	-0.3		0.0	0.2	0.41	-0.41	BVVBY
BVRDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BVRDF
TTNDY	0.58	-0.42	0.17	0.34	-0.23	0.2	0.0		-0.05	-0.22	TTNDY
SGGKF	0.53	0.06	-0.76	0.59	0.04	0.41	0.0	-0.05		-0.66	SGGKF
VWDRY	-0.71	0.29	0.69	-0.78	-0.15	-0.41	0.0	-0.22	-0.66		VWDRY
	BXBLY	IHICF	AIPUY	BMBLF	SGGKY	BVVBY	BVRDF	TTNDY	SGGKF	VWDRY

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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

BMBLF	+ 0.69	BXBLY
VWDRY	+ 0.69	AIPUY
SGGKF	+ 0.59	BMBLF
TTNDY	+ 0.58	BXBLY
SGGKF	+ 0.53	BXBLY
SGGKF	+ 0.41	BVVBY

High negative correlations

VWDRY	- 0.78	BMBLF
SGGKF	- 0.76	AIPUY
VWDRY	- 0.71	BXBLY
VWDRY	- 0.66	SGGKF
BMBLF	- 0.52	AIPUY
IHICF	- 0.5	BXBLY

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	0.95	(0.20)	0.00	(0.16)	0.00	0.00	1.48	(1.98)	8.78
IHICF	0.45	0.05	0.00	(0.82)	0.00	0.00	0.00	0.00	23.07
AIPUY	1.60	0.41	0.00	1.41	0.00	0.00	4.55	0.00	20.45
BMBLF	1.59	(0.13)	0.00	(0.96)	0.00	0.00	4.07	(5.24)	13.88
SGGKY	1.15	(0.12)	0.00	(0.49)	0.00	0.00	4.42	(3.87)	11.88
BVVBY	0.87	0.03	(0.05)	9.57	1.07	(0.95)	1.79	(1.66)	5.94
BVRDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTNDY	1.56	(0.11)	(0.04)	(0.01)	2.22	(1.39)	2.69	(3.21)	8.38
SGGKF	0.85	(0.06)	0.00	(0.04)	0.00	0.00	0.46	(3.53)	17.81
VWDRY	1.85	0.62	0.27	(27.12)	1.39	(2.28)	3.92	(2.25)	22.20

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.

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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

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