Sembcorp Marine Correlations

SMBMF Stock

USD 1.47 0.07 5.00%

The current 90-days correlation between Sembcorp Marine and Austal Limited is 0.21 (i.e., Modest diversification). The correlation of Sembcorp Marine 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.

The ability to find closely correlated positions to Sembcorp Marine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sembcorp Marine 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 Sembcorp Marine - 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 Sembcorp Marine to buy it.

Moving together with Sembcorp Pink Sheet

0.69	TDG	Transdigm Group	Pair Corr
0.76	SSNLF	Samsung Electronics	Pair Corr
0.77	PTAIF	PT Astra International	Pair Corr
0.63	NVDA	NVIDIA	Pair Corr
0.64	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.66	VRT	Vertiv Holdings	Pair Corr
0.61	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.63	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.64	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.77	HD	Home Depot	Pair Corr

Moving against Sembcorp Pink Sheet

0.59	BKRKF	PT Bank Rakyat	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.43	PPERF	Bank Mandiri Persero	Pair Corr
0.38	BKRKY	Bank Rakyat	Pair Corr
0.34	TLK	Telkom Indonesia Tbk	Pair Corr
0.5	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.4	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	AUTLF	RYCEF	AIR	EVEX	HEI-A	EVTL	RLLCF	ERJ	RKLB	KTOS
AUTLF		0.82	-0.17	0.47	0.39	-0.78	-0.41	0.35	0.58	0.66	AUTLF
RYCEF	0.82		-0.41	0.51	0.09	-0.57	-0.22	0.04	0.29	0.54	RYCEF
AIR	-0.17	-0.41		-0.02	0.61	0.23	-0.12	0.63	0.28	0.18	AIR
EVEX	0.47	0.51	-0.02		0.46	-0.2	-0.26	0.28	0.53	0.66	EVEX
HEI-A	0.39	0.09	0.61	0.46		-0.29	-0.39	0.7	0.69	0.67	HEI-A
EVTL	-0.78	-0.57	0.23	-0.2	-0.29		0.45	-0.31	-0.56	-0.48	EVTL
RLLCF	-0.41	-0.22	-0.12	-0.26	-0.39	0.45		-0.48	-0.67	-0.49	RLLCF
ERJ	0.35	0.04	0.63	0.28	0.7	-0.31	-0.48		0.76	0.49	ERJ
RKLB	0.58	0.29	0.28	0.53	0.69	-0.56	-0.67	0.76		0.75	RKLB
KTOS	0.66	0.54	0.18	0.66	0.67	-0.48	-0.49	0.49	0.75		KTOS
	AUTLF	RYCEF	AIR	EVEX	HEI-A	EVTL	RLLCF	ERJ	RKLB	KTOS

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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

RYCEF	+ 0.82	AUTLF
RKLB	+ 0.76	ERJ
KTOS	+ 0.75	RKLB
ERJ	+ 0.7	HEI-A
RKLB	+ 0.69	HEI-A
KTOS	+ 0.67	HEI-A

High negative correlations

EVTL	- 0.78	AUTLF
RKLB	- 0.67	RLLCF
EVTL	- 0.57	RYCEF
RKLB	- 0.56	EVTL
KTOS	- 0.49	RLLCF
ERJ	- 0.48	RLLCF

Risk-Adjusted Indicators

There is a big difference between Sembcorp Pink Sheet performing well and Sembcorp Marine 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 Sembcorp Marine'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
AUTLF	3.26	0.51	0.07	2.28	3.80	(4.85)	10.20	(7.83)	26.49
RYCEF	1.39	0.02	(0.03)	0.18	1.99	(1.49)	2.72	(3.88)	10.11
AIR	1.51	(0.10)	0.00	0.07	1.98	(1.64)	2.64	(3.52)	14.62
EVEX	2.65	0.49	0.20	0.35	2.57	(3.15)	7.84	(4.21)	15.48
HEI-A	1.06	0.05	0.03	0.17	1.19	(1.12)	2.40	(2.08)	5.63
EVTL	6.19	(0.11)	0.00	0.06	6.77	(7.42)	13.48	(11.43)	35.67
RLLCF	2.95	(0.13)	0.00	1.40	0.00	0.00	5.88	(5.56)	16.93
ERJ	1.98	0.15	0.08	0.25	1.87	(2.55)	4.31	(3.27)	11.70
RKLB	4.26	1.85	0.55	0.79	2.56	(5.17)	12.54	(4.74)	36.25
KTOS	1.83	0.14	0.07	0.22	2.29	(1.94)	4.37	(3.43)	17.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sembcorp Marine 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.

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Sembcorp Marine Corporate Management

Mun Chua	Head Communications	Profile
Khor Goh	Director Fin	Profile
Shanti Singaram	Head Compliance	Profile
Cheng Tan	Chief Officer	Profile

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