Sika AG Correlations
| SKFOF Stock | USD 262.80 9.22 3.64% |
The current 90-days correlation between Sika AG and Givaudan SA ADR is 0.01 (i.e., Significant diversification). The correlation of Sika AG 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.
Sika AG Correlation With Market
Good diversification
The correlation between Sika AG and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sika AG and DJI in the same portfolio, assuming nothing else is changed.
Sika |
The ability to find closely correlated positions to Sika AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sika AG 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 Sika AG - 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 Sika AG to buy it.
Moving together with Sika Pink Sheet
| 0.86 | AIQUY | Air Liquide SA | PairCorr |
| 0.84 | AIQUF | LAir Liquide SA | PairCorr |
| 0.96 | SXYAY | Sika AG ADR | PairCorr |
| 0.9 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.64 | PPG | PPG Industries Fiscal Year End 16th of January 2025 | PairCorr |
Moving against Sika Pink Sheet
| 0.89 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.87 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.83 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | AXON | Axon Enterprise | PairCorr |
| 0.77 | GVA | Granite Construction | PairCorr |
| 0.75 | FTNT | Fortinet | PairCorr |
| 0.75 | QUBT | Quantum Computing Upward Rally | PairCorr |
| 0.7 | PX | P10 Inc | PairCorr |
| 0.69 | DXYZ | Destiny Tech100 Trending | PairCorr |
| 0.68 | GOOG | Alphabet Class C | PairCorr |
| 0.68 | GOOGL | Alphabet Class A | PairCorr |
| 0.65 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.63 | APD | Air Products | PairCorr |
| 0.61 | SNOW | Snowflake Trending | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sika Pink Sheet performing well and Sika AG 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 Sika AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GVDNY | 0.93 | (0.16) | 0.00 | (2.02) | 0.00 | 1.68 | 8.11 | |||
| SYIEY | 0.89 | (0.21) | 0.00 | (0.98) | 0.00 | 1.42 | 6.64 | |||
| GVDBF | 0.42 | (0.05) | 0.00 | (0.22) | 0.00 | 1.50 | 12.52 | |||
| NVZMY | 0.98 | (0.25) | 0.00 | (0.64) | 0.00 | 1.45 | 8.24 | |||
| KBLB | 1.96 | 0.03 | 0.00 | 0.14 | 3.18 | 11.11 | 23.61 | |||
| IFF | 0.98 | (0.06) | 0.00 | 0.17 | 0.00 | 2.41 | 14.05 | |||
| APD | 0.92 | 0.26 | 0.21 | 1.10 | 0.55 | 1.90 | 10.91 | |||
| NVZMF | 1.99 | (0.02) | 0.00 | 0.10 | 0.00 | 3.92 | 12.49 | |||
| SXYAY | 1.02 | (0.21) | 0.00 | 2.27 | 0.00 | 2.03 | 6.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sika AG 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?
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Sika AG Corporate Management
| Luz Granizo | Head Refurbishment | Profile | |
| Dominik Slappnig | Head Relations | Profile | |
| Raffaella Marzi | Head Compliance | Profile | |
| Patricia Heidtman | Chief Officer | Profile | |
| Philippe Jost | Member of the Management Board, Head of Construction | Profile | |
| Executive MBA | Chief Officer | Profile |