Sims Correlations

SMUPF Stock

USD 13.75 3.13 29.47%

The current 90-days correlation between Sims Limited and Champion Iron Limited is -0.05 (i.e., Good diversification). The correlation of Sims 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.

Sims Correlation With Market

Very weak diversification

The correlation between Sims Limited and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sims Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sims Pink Sheet

0.63	GGBR4	Gerdau SA	Pair Corr
0.72	GGBR3	Gerdau SA	Pair Corr
0.75	MT	ArcelorMittal SA ADR Earnings Call This Week	Pair Corr
0.62	NUE	Nucor Corp	Pair Corr
0.81	AMSYF	ArcelorMittal SA Earnings Call This Week	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.74	PFE	Pfizer Inc Earnings Call Tomorrow	Pair Corr
0.67	CAT	Caterpillar	Pair Corr

Moving against Sims Pink Sheet

0.58	MSFT	Microsoft	Pair Corr
0.58	HPQ	HP Inc Aggressive Push	Pair Corr
0.45	MMM	3M Company	Pair Corr

Related Correlations Analysis

	CIAFF	SZGPY	APMSF	SZGPF	PIKQF	TAOFF	ERMAY	DWMNF	SOUHY	USNZY
CIAFF		0.95	0.66	0.94	0.35	-0.24	0.63	-0.06	0.83	0.73	CIAFF
SZGPY	0.95		0.67	0.96	0.37	-0.21	0.66	-0.06	0.87	0.76	SZGPY
APMSF	0.66	0.67		0.69	0.15	-0.69	0.2	-0.02	0.49	0.25	APMSF
SZGPF	0.94	0.96	0.69		0.37	-0.17	0.71	-0.06	0.91	0.75	SZGPF
PIKQF	0.35	0.37	0.15	0.37		0.16	0.51	0.47	0.41	0.34	PIKQF
TAOFF	-0.24	-0.21	-0.69	-0.17	0.16		0.43	-0.09	0.13	0.31	TAOFF
ERMAY	0.63	0.66	0.2	0.71	0.51	0.43		0.0	0.84	0.85	ERMAY
DWMNF	-0.06	-0.06	-0.02	-0.06	0.47	-0.09	0.0		-0.18	-0.19	DWMNF
SOUHY	0.83	0.87	0.49	0.91	0.41	0.13	0.84	-0.18		0.86	SOUHY
USNZY	0.73	0.76	0.25	0.75	0.34	0.31	0.85	-0.19	0.86		USNZY
	CIAFF	SZGPY	APMSF	SZGPF	PIKQF	TAOFF	ERMAY	DWMNF	SOUHY	USNZY

Please upgrade your account to get full access to Macroaxis premium features

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

SZGPF	+ 0.96	SZGPY
SZGPY	+ 0.95	CIAFF
SZGPF	+ 0.94	CIAFF
SOUHY	+ 0.91	SZGPF
SOUHY	+ 0.87	SZGPY
USNZY	+ 0.86	SOUHY

High negative correlations

TAOFF	- 0.69	APMSF
TAOFF	- 0.24	CIAFF
TAOFF	- 0.21	SZGPY
USNZY	- 0.19	DWMNF
SOUHY	- 0.18	DWMNF
TAOFF	- 0.17	SZGPF

Risk-Adjusted Indicators

There is a big difference between Sims Pink Sheet performing well and Sims 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 Sims' 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
CIAFF	1.64	0.38	0.18	0.41	1.48	(2.42)	4.63	(2.88)	17.72
SZGPY	2.58	0.71	0.24	0.49	2.17	(3.45)	8.32	(4.59)	13.94
APMSF	0.06	0.02	0.00	(0.28)	0.00	0.00	0.00	0.00	1.97
SZGPF	2.41	1.12	0.00	0.69	0.00	0.00	11.36	0.00	30.08
PIKQF	4.26	(3.58)	0.00	(9.97)	0.00	0.00	5.71	(14.29)	14.29
TAOFF	2.67	0.20	0.00	(0.17)	0.00	0.00	10.92	(5.48)	46.55
ERMAY	2.44	0.41	0.08	0.48	2.61	(4.09)	5.36	(6.82)	18.39
DWMNF	4.14	(0.44)	0.00	(0.67)	0.00	0.00	8.99	(14.22)	15.28
SOUHY	1.50	0.55	0.35	0.47	1.16	(1.81)	3.54	(2.05)	8.94
USNZY	3.26	0.36	0.07	0.57	3.81	(3.97)	7.69	(7.34)	18.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sims 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?

Run Content Syndication Now

Content Syndication

Quickly integrate customizable finance content to your own investment portal

All Next

Launch Module

Sims Corporate Management

Stephen Mikkelsen	Group Officer	Profile
Ral HamiltonRomeo	Global Marketing	Profile
Robert Thompson	Global Metal	Profile
JD BA	Group Sec	Profile
Ana Metelo	Director Sec	Profile
Elise Gautier	Group Chief Risk & Compliance Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC