Sligro Food Correlations

SIGRF Stock

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The current 90-days correlation between Sligro Food Group and Wizz Air Holdings is 0.3 (i.e., Weak diversification). The correlation of Sligro Food 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.

Sligro Food Correlation With Market

Significant diversification

The correlation between Sligro Food Group and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sligro Food Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sligro Pink Sheet

0.62	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr

Moving against Sligro Pink Sheet

0.91	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.85	LGCY	Legacy Education	Pair Corr
0.78	WMT	Walmart Aggressive Push	Pair Corr
0.72	AXP	American Express	Pair Corr
0.72	BAC	Bank of America Sell-off Trend	Pair Corr
0.67	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.63	IBM	International Business Upward Rally	Pair Corr
0.52	DNOW	Now Inc	Pair Corr
0.51	T	ATT Inc Earnings Call This Week	Pair Corr
0.5	BMYMP	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.5	MNPR	Monopar Therapeutics	Pair Corr
0.49	AAPL	Apple Inc Aggressive Push	Pair Corr
0.49	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.39	META	Meta Platforms Aggressive Push	Pair Corr
0.38	MSFT	Microsoft Downward Rally	Pair Corr
0.34	HD	Home Depot	Pair Corr

Related Correlations Analysis

	WZZAF	ALK	LTM	MESA	FICO	VLRS	UP	UAL
WZZAF		0.29	-0.27	0.3	-0.31	0.08	-0.54	0.21	WZZAF
ALK	0.29		0.21	0.89	-0.57	0.65	-0.8	0.84	ALK
LTM	-0.27	0.21		-0.02	0.08	0.49	0.06	0.22	LTM
MESA	0.3	0.89	-0.02		-0.64	0.5	-0.76	0.79	MESA
FICO	-0.31	-0.57	0.08	-0.64		-0.18	0.76	-0.21	FICO
VLRS	0.08	0.65	0.49	0.5	-0.18		-0.41	0.76	VLRS
UP	-0.54	-0.8	0.06	-0.76	0.76	-0.41		-0.56	UP
UAL	0.21	0.84	0.22	0.79	-0.21	0.76	-0.56		UAL
	WZZAF	ALK	LTM	MESA	FICO	VLRS	UP	UAL

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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

MESA	+ 0.89	ALK
UAL	+ 0.84	ALK
UAL	+ 0.79	MESA
UP	+ 0.76	FICO
UAL	+ 0.76	VLRS
VLRS	+ 0.65	ALK

High negative correlations

UP	- 0.8	ALK
UP	- 0.76	MESA
FICO	- 0.64	MESA
FICO	- 0.57	ALK
UAL	- 0.56	UP
UP	- 0.54	WZZAF

Risk-Adjusted Indicators

There is a big difference between Sligro Pink Sheet performing well and Sligro Food 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 Sligro Food'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
WZZAF	1.31	0.28	0.00	1.30	0.00	0.00	6.74	0.00	23.38
ALK	1.76	0.78	0.44	(5.90)	0.99	(2.21)	4.05	(2.15)	15.67
LTM	1.13	0.14	0.03	(5.85)	1.36	(1.19)	2.35	(2.41)	6.43
MESA	2.95	0.61	0.14	21.00	3.00	(3.87)	9.80	(5.30)	23.87
FICO	1.36	(0.15)	0.00	(0.13)	0.00	0.00	4.02	(2.99)	13.28
VLRS	1.52	0.35	0.13	(2.01)	1.55	(1.68)	3.90	(2.63)	10.44
UP	3.41	(0.44)	0.00	(0.78)	0.00	0.00	6.90	(7.60)	27.26
UAL	1.92	0.61	0.23	(435.22)	1.82	(2.15)	4.29	(3.71)	14.04

Sligro Food Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sligro Food pink sheet to make a market-neutral strategy. Peer analysis of Sligro Food could also be used in its relative valuation, which is a method of valuing Sligro Food by comparing valuation metrics with similar companies.

Wizz Air Holdings Alaska Air Group LATAM Airlines Group Mesa Air Group Fair Isaac Volaris Wheels Up Experience United Airlines Holdings American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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