SEEK Correlations
| SKLTFDelisted Stock | USD 13.17 0.00 0.00% |
The current 90-days correlation between SEEK Limited and Snap Inc is -0.22 (i.e., Very good diversification). The correlation of SEEK 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.
SEEK Correlation With Market
Good diversification
The correlation between SEEK Limited and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEEK Limited and DJI in the same portfolio, assuming nothing else is changed.
SEEK |
The ability to find closely correlated positions to SEEK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SEEK 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 SEEK - 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 SEEK Limited to buy it.
Moving together with SEEK Pink Sheet
| 0.63 | RANJY | Randstad Holdings | PairCorr |
| 0.79 | AHEXY | Adecco Group | PairCorr |
| 0.94 | AHEXF | Adecco Group AG | PairCorr |
Moving against SEEK Pink Sheet
| 0.92 | LGCY | Legacy Education | PairCorr |
| 0.83 | RCRUY | Recruit Holdings Earnings Call This Week | PairCorr |
| 0.8 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.78 | RCRRF | Recruit Holdings Earnings Call This Week | PairCorr |
| 0.67 | GOOG | Alphabet Class C Earnings Call This Week | PairCorr |
| 0.63 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.54 | MSFT | Microsoft | PairCorr |
| 0.89 | SQ | SQ Old Symbol Change | PairCorr |
| 0.8 | 898339AA4 | FUNOTR 4869 15 | PairCorr |
| 0.71 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.67 | AVGO | Broadcom | PairCorr |
| 0.64 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.53 | OWL | Blue Owl Capital | PairCorr |
| 0.48 | MSTR | MicroStrategy Incorporated Earnings Call This Week | PairCorr |
| 0.42 | DK | Delek Energy | PairCorr |
| 0.42 | GILD | Gilead Sciences Earnings Call This Week | PairCorr |
| 0.92 | 62878U2A9 | NBNAUS 145 05 | PairCorr |
| 0.92 | ACHR | Archer Aviation | PairCorr |
| 0.84 | PLTR | Palantir Technologies Earnings Call This Week | PairCorr |
| 0.76 | DXCM | DexCom Inc Earnings Call This Week | PairCorr |
| 0.72 | RUM | Rumble Inc | PairCorr |
| 0.65 | TNXP | Tonix Pharmaceuticals | 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 SEEK Pink Sheet performing well and SEEK 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 SEEK'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNAP | 2.59 | 0.21 | 0.04 | (2.18) | 2.75 | 6.19 | 22.55 | |||
| TWLO | 2.13 | 1.10 | 0.62 | 1.56 | 0.99 | 5.20 | 20.72 | |||
| FVRR | 2.47 | 0.54 | 0.18 | (4.19) | 2.07 | 5.51 | 23.04 | |||
| SPOT | 1.56 | 0.54 | 0.23 | 1.13 | 1.75 | 3.27 | 16.86 | |||
| BIDU | 1.82 | 0.07 | 0.01 | 0.26 | 2.43 | 3.72 | 12.45 | |||
| META | 1.41 | 0.26 | 0.13 | 0.73 | 1.40 | 3.43 | 7.43 | |||
| GOOG | 1.49 | 0.34 | 0.14 | (2.83) | 1.46 | 3.54 | 9.48 |
SEEK 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 SEEK pink sheet to make a market-neutral strategy. Peer analysis of SEEK could also be used in its relative valuation, which is a method of valuing SEEK by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SEEK Corporate Management
| LLB BA | CEO MD | Profile | |
| Katherine Koch | Chief Officer | Profile | |
| Damien Wodak | Managing Management | Profile | |
| Simon Lusted | Product Strategy | Profile | |
| Ronnie Fink | Managing Devel | Profile | |
| Kendra Banks | Managing Zealand | Profile |
Still Interested in SEEK Limited?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.