SGS SA Correlations

SGSOY Stock

USD 9.74 0.04 0.41%

The current 90-days correlation between SGS SA and Yuexiu Transport Infrastructure is 0.01 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

SGS SA Correlation With Market

Good diversification

The correlation between SGS SA and DJI is -0.15 (i.e., Good 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

0.84	EFX	Equifax	Pair Corr
0.71	SGSOF	SGS SA	Pair Corr
0.93	BVVBY	Bureau Veritas SA	Pair Corr
0.62	BYCRF	BayCurrent Consulting	Pair Corr
0.92	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	EC	Ecopetrol SA ADR	Pair Corr
0.72	PIFMF	PT Indofood Sukses	Pair Corr

Moving against SGS Pink Sheet

0.59	BVRDF	Bureau Veritas SA	Pair Corr
0.56	SSNLF	Samsung Electronics	Pair Corr
0.51	PTAIF	PT Astra International	Pair Corr
0.89	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.89	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.84	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.82	FTNT	Fortinet	Pair Corr
0.81	GOOGL	Alphabet Class A	Pair Corr
0.78	PANW	Palo Alto Networks	Pair Corr
0.77	OKLO	Oklo Inc Symbol Change	Pair Corr
0.76	CLSK	CleanSpark Earnings Call This Week	Pair Corr
0.71	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.66	SNOW	Snowflake Trending	Pair Corr
0.65	KLIC	Kulicke and Soffa	Pair Corr
0.61	INTU	Intuit Inc	Pair Corr
0.35	PIFMY	Indofood Sukses Makmur	Pair Corr
0.33	CMG	Chipotle Mexican Grill	Pair Corr
0.89	LMND	Lemonade Trending	Pair Corr
0.88	MSTR	MicroStrategy Incorporated Aggressive Push	Pair Corr
0.85	EPD	Enterprise Products	Pair Corr
0.84	GVA	Granite Construction	Pair Corr
0.84	DXYZ	Destiny Tech100 Trending	Pair Corr
0.81	DIS	Walt Disney Aggressive Push	Pair Corr

Related Correlations Analysis

	ATEX	GZITF	NTGR	SNCY	UAL	SAIA	CMLS
ATEX		-0.34	-0.43	-0.5	-0.68	-0.42	0.6	ATEX
GZITF	-0.34		0.69	0.82	0.75	0.82	-0.83	GZITF
NTGR	-0.43	0.69		0.76	0.88	0.88	-0.86	NTGR
SNCY	-0.5	0.82	0.76		0.88	0.85	-0.89	SNCY
UAL	-0.68	0.75	0.88	0.88		0.89	-0.96	UAL
SAIA	-0.42	0.82	0.88	0.85	0.89		-0.9	SAIA
CMLS	0.6	-0.83	-0.86	-0.89	-0.96	-0.9		CMLS
	ATEX	GZITF	NTGR	SNCY	UAL	SAIA	CMLS

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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

SAIA	+ 0.89	UAL
UAL	+ 0.88	NTGR
SAIA	+ 0.88	NTGR
UAL	+ 0.88	SNCY
SAIA	+ 0.85	SNCY
SNCY	+ 0.82	GZITF

High negative correlations

CMLS	- 0.96	UAL
CMLS	- 0.9	SAIA
CMLS	- 0.89	SNCY
CMLS	- 0.86	NTGR
CMLS	- 0.83	GZITF
UAL	- 0.68	ATEX

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
ATEX	1.56	(0.22)	0.00	(0.50)	0.00	0.00	3.31	(4.08)	12.42
GZITF	0.84	0.45	0.00	(1.21)	0.00	0.00	0.00	0.00	26.67
NTGR	2.33	0.59	0.30	0.54	1.62	(3.05)	5.28	(3.74)	34.60
SNCY	2.78	0.48	0.18	0.37	2.59	(3.29)	8.41	(4.50)	16.71
UAL	2.02	1.09	0.76	0.59	0.54	(2.60)	6.47	(1.92)	16.43
SAIA	2.26	0.35	0.18	0.26	2.12	(2.66)	5.11	(4.04)	17.45
CMLS	2.95	(1.15)	0.00	(7.34)	0.00	0.00	4.62	(6.58)	26.58

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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