Superloop Correlations
| SLC Stock | 2.55 0.01 0.39% |
The current 90-days correlation between Superloop and Energy Resources of is -0.27 (i.e., Very good diversification). The correlation of Superloop 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.
Superloop Correlation With Market
Weak diversification
The correlation between Superloop and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Superloop and DJI in the same portfolio, assuming nothing else is changed.
Superloop |
The ability to find closely correlated positions to Superloop could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superloop 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 Superloop - 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 Superloop to buy it.
Moving against Superloop Stock
| 0.92 | PLS | Pilbara Minerals | PairCorr |
| 0.9 | LTR | Liontown Resources | PairCorr |
| 0.88 | TRA | Turners Automotive | PairCorr |
| 0.83 | RRL | Regis Resources | PairCorr |
| 0.83 | NGI | Navigator Global Inv | PairCorr |
| 0.82 | PMC | Platinum Capital | PairCorr |
| 0.79 | EDC | Eildon Capital Group | PairCorr |
| 0.69 | RDY | Readytech Holdings | PairCorr |
| 0.66 | SHL | Sonic Healthcare | PairCorr |
| 0.6 | PMT | Patriot Battery Metals | PairCorr |
| 0.6 | VAUDA | Ordinary Fully Paid Split | PairCorr |
| 0.59 | AGL | AGL Energy | PairCorr |
| 0.58 | ROC | Rocketboots | PairCorr |
| 0.54 | MBX | My Foodie BOX Split | PairCorr |
| 0.44 | AS1 | Asara Resources | PairCorr |
| 0.41 | WGR | Western Gold Resources | PairCorr |
| 0.39 | FPR | Fleetpartners Group | PairCorr |
| 0.89 | FNX | Finexia Financial | PairCorr |
| 0.84 | ELV | Elevra Lithium | PairCorr |
| 0.81 | CINPA | Carlton Investments | PairCorr |
| 0.79 | MQGPE | Macquarie Group | PairCorr |
| 0.78 | SDV | Scidev | PairCorr |
| 0.77 | VNT | Ventia Services Group | PairCorr |
| 0.74 | NST | Northern Star Resources | PairCorr |
| 0.74 | GVF | Staude Capital Global | PairCorr |
| 0.71 | MBH | Maggie Beer Holdings | PairCorr |
| 0.69 | BOQPF | Bank of Queensland | PairCorr |
| 0.68 | ORA | Orora | PairCorr |
| 0.66 | BPM | BPM Minerals | PairCorr |
| 0.65 | ABY | Adore Beauty Group | PairCorr |
| 0.47 | TCL | Transurban Group | PairCorr |
| 0.43 | LPM | Lithium Plus Minerals | PairCorr |
Related Correlations Analysis
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 Superloop Stock performing well and Superloop 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 Superloop'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ERA | 11.07 | 1.51 | 0.05 | (0.31) | 11.52 | 25.00 | 83.33 | |||
| TIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SIG | 0.94 | (0.04) | 0.00 | (0.23) | 0.00 | 2.36 | 6.98 | |||
| TLS | 0.57 | (0.01) | 0.00 | 0.13 | 0.00 | 1.21 | 4.00 | |||
| ATH | 5.50 | (0.19) | 0.00 | (0.06) | 0.00 | 12.50 | 36.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Superloop 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Superloop Corporate Management
Elected by the shareholders, the Superloop's board of directors comprises two types of representatives: Superloop inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Superloop. The board's role is to monitor Superloop's management team and ensure that shareholders' interests are well served. Superloop's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Superloop's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Smith | Chief Officer | Profile | |
| Ben Colman | Chief Officer | Profile | |
| Nick Pachos | Chief Officer | Profile | |
| Luke Oxenham | Group Officer | Profile | |
| Donna Benjamin | Group Culture | Profile | |
| Adrian Martin | Group Sales | Profile |