SITC International Correlations
| SITIY Stock | USD 27.26 1.04 3.97% |
The current 90-days correlation between SITC International and Orient Overseas Limited is -0.1 (i.e., Good diversification). The correlation of SITC International 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.
SITC International Correlation With Market
Good diversification
The correlation between SITC International Holdings and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SITC International Holdings and DJI in the same portfolio, assuming nothing else is changed.
SITC |
The ability to find closely correlated positions to SITC International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SITC International 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 SITC International - 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 SITC International Holdings to buy it.
Moving together with SITC Pink Sheet
| 0.63 | HPGLY | Hapag Lloyd Aktienge | PairCorr |
| 0.63 | HLAGF | Hapag-Lloyd Aktiengesellscha | PairCorr |
| 0.63 | AMKAF | AP Moeller | PairCorr |
| 0.78 | CICOY | COSCO SHIPPING Holdings | PairCorr |
| 0.69 | AAL | American Airlines Aggressive Push | PairCorr |
| 0.71 | GNSS | Genasys Fiscal Year End 5th of December 2024 | PairCorr |
| 0.73 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.66 | KMI | Kinder Morgan Fiscal Year End 15th of January 2025 | PairCorr |
| 0.61 | DE | Deere Company | PairCorr |
| 0.72 | NCLH | Norwegian Cruise Line Aggressive Push | PairCorr |
Moving against SITC Pink Sheet
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.55 | BKRKY | Bank Rakyat | PairCorr |
| 0.44 | OROVF | Orient Overseas | PairCorr |
| 0.44 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.53 | AMIX | Autonomix Medical, Common Downward Rally | PairCorr |
| 0.51 | SHG | Shinhan Financial | PairCorr |
Related Correlations Analysis
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