SOUTHLAND HOLDINGS Correlations

Summary

The correlation of SOUTHLAND HOLDINGS 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.

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Related Correlations Analysis

	J	DY	VATE	ESOA	WLGS	ACA	ACM	AGX	APG	BLD
J		0.31	0.56	0.51	0.8	0.68	0.89	0.86	0.19	-0.25	J
DY	0.31		0.1	0.02	0.23	0.29	0.27	0.27	-0.16	0.39	DY
VATE	0.56	0.1		0.15	0.42	0.23	0.49	0.47	0.05	-0.13	VATE
ESOA	0.51	0.02	0.15		0.86	0.85	0.73	0.8	0.72	-0.6	ESOA
WLGS	0.8	0.23	0.42	0.86		0.85	0.9	0.97	0.48	-0.5	WLGS
ACA	0.68	0.29	0.23	0.85	0.85		0.89	0.85	0.65	-0.22	ACA
ACM	0.89	0.27	0.49	0.73	0.9	0.89		0.93	0.46	-0.27	ACM
AGX	0.86	0.27	0.47	0.8	0.97	0.85	0.93		0.43	-0.46	AGX
APG	0.19	-0.16	0.05	0.72	0.48	0.65	0.46	0.43		-0.25	APG
BLD	-0.25	0.39	-0.13	-0.6	-0.5	-0.22	-0.27	-0.46	-0.25		BLD
	J	DY	VATE	ESOA	WLGS	ACA	ACM	AGX	APG	BLD

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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

AGX	+ 0.97	WLGS
AGX	+ 0.93	ACM
ACM	+ 0.9	WLGS
ACM	+ 0.89	J
ACM	+ 0.89	ACA
AGX	+ 0.86	J

High negative correlations

BLD	- 0.6	ESOA
BLD	- 0.5	WLGS
BLD	- 0.46	AGX
BLD	- 0.27	ACM
BLD	- 0.25	APG
BLD	- 0.25	J

Risk-Adjusted Indicators

There is a big difference between SOUTHLAND Stock performing well and SOUTHLAND HOLDINGS 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 SOUTHLAND HOLDINGS'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
J	1.07	0.03	0.02	0.14	1.61	(1.10)	2.41	(1.97)	9.97
DY	2.01	(0.02)	(0.02)	0.09	3.11	(1.92)	4.43	(3.57)	19.59
VATE	4.69	0.53	0.12	0.35	5.13	(5.18)	14.10	(7.60)	40.85
ESOA	2.43	0.45	0.20	0.43	2.26	(2.99)	5.45	(3.07)	11.50
WLGS	9.02	3.59	0.41	2.09	7.70	(11.91)	27.73	(12.23)	66.06
ACA	1.44	0.17	0.14	0.22	1.50	(1.60)	4.07	(2.32)	10.39
ACM	1.08	0.15	0.12	0.24	1.19	(1.22)	2.82	(1.75)	8.55
AGX	2.82	1.05	0.40	0.65	2.13	(3.57)	7.30	(3.41)	34.48
APG	1.36	(0.08)	(0.02)	0.06	1.64	(1.45)	3.26	(3.02)	7.65
BLD	1.67	(0.20)	0.00	(0.02)	0.00	0.00	4.30	(3.89)	12.30

SOUTHLAND HOLDINGS 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 SOUTHLAND HOLDINGS stock to make a market-neutral strategy. Peer analysis of SOUTHLAND HOLDINGS could also be used in its relative valuation, which is a method of valuing SOUTHLAND HOLDINGS by comparing valuation metrics with similar companies.

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SOUTHLAND HOLDINGS Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

SOUTHLAND HOLDINGS Related Equities

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