Snap One Correlations
| SNPODelisted Stock | USD 10.75 0.01 0.09% |
The current 90-days correlation between Snap One Holdings and Climb Global Solutions is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snap One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap One Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Snap One Correlation With Market
Good diversification
The correlation between Snap One Holdings and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snap One Holdings and DJI in the same portfolio, assuming nothing else is changed.
Snap |
Moving together with Snap Stock
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.67 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.62 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.83 | HD | Home Depot | PairCorr |
Moving against Snap Stock
| 0.56 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.53 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.34 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.33 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| -0.74 | 0.42 | 0.31 | 0.01 | -0.6 | 0.4 | CLMB | ||
| -0.74 | -0.18 | 0.15 | 0.39 | 0.94 | -0.01 | NSIT | ||
| 0.42 | -0.18 | 0.48 | 0.55 | -0.07 | 0.32 | SCSC | ||
| 0.31 | 0.15 | 0.48 | 0.33 | 0.35 | 0.87 | SNX | ||
| 0.01 | 0.39 | 0.55 | 0.33 | 0.39 | 0.13 | CNXN | ||
| -0.6 | 0.94 | -0.07 | 0.35 | 0.39 | 0.21 | ARW | ||
| 0.4 | -0.01 | 0.32 | 0.87 | 0.13 | 0.21 | AVT | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Snap Stock performing well and Snap One 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 Snap One'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CLMB | 2.03 | 0.53 | 0.29 | 0.40 | 1.44 | 5.98 | 15.22 | |||
| NSIT | 1.56 | (0.66) | 0.00 | (0.27) | 0.00 | 2.59 | 17.36 | |||
| SCSC | 1.78 | (0.15) | 0.00 | 0.05 | 1.89 | 3.13 | 15.95 | |||
| SNX | 1.19 | (0.18) | (0.07) | 0.00 | 1.76 | 1.98 | 8.22 | |||
| CNXN | 1.41 | (0.18) | (0.02) | 0.04 | 1.73 | 3.12 | 12.95 | |||
| ARW | 1.26 | (0.32) | 0.00 | (0.08) | 0.00 | 2.56 | 15.96 | |||
| AVT | 1.16 | (0.16) | (0.06) | 0.01 | 1.73 | 2.86 | 11.96 |
Snap One 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 Snap One stock to make a market-neutral strategy. Peer analysis of Snap One could also be used in its relative valuation, which is a method of valuing Snap One by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Snap One Corporate Management
| David Moore | Executive Technology | Profile | |
| Nathan Porter | Executive Operations | Profile | |
| Michael Carlet | Chief Officer | Profile | |
| Eric Steele | Sr Relations | Profile | |
| Kathleen Creech | Chief Officer | Profile | |
| Paul Hess | Chief Officer | Profile | |
| Ashley Swenson | Senior Marketing | Profile |
Still Interested in Snap One Holdings?
Investing in delisted delisted stocks can be risky, as the stock 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.