Santos Correlations
| SSLZYDelisted Stock | USD 5.38 0.01 0.19% |
The current 90-days correlation between Santos Ltd ADR and Aker BP ASA is -0.27 (i.e., Very good diversification). The correlation of Santos 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.
Santos Correlation With Market
Average diversification
The correlation between Santos Ltd ADR and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Santos Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.
Santos |
The ability to find closely correlated positions to Santos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Santos 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 Santos - 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 Santos Ltd ADR to buy it.
Moving together with Santos Pink Sheet
| 0.71 | SSNLF | Samsung Electronics | PairCorr |
| 0.76 | PTAIF | PT Astra International | PairCorr |
| 0.7 | HPQ | HP Inc | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.77 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.66 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.73 | T | ATT Inc Aggressive Push | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.83 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Santos Pink Sheet
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.76 | BKRKY | Bank Rakyat | PairCorr |
| 0.76 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.71 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.66 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.64 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.63 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.47 | PTAIY | Astra International Tbk | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Santos Pink Sheet performing well and Santos 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 Santos' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKRBY | 3.09 | (0.04) | 0.00 | 0.21 | 0.00 | 10.05 | 29.15 | |||
| WDS | 1.41 | (0.17) | 0.00 | (0.36) | 0.00 | 3.34 | 8.33 | |||
| APA | 1.98 | (0.46) | 0.00 | (0.33) | 0.00 | 3.31 | 17.30 | |||
| EQT | 1.62 | 0.37 | 0.24 | 0.47 | 1.22 | 3.68 | 9.64 | |||
| PSHIF | 1.25 | (0.44) | 0.00 | 1.58 | 0.00 | 0.00 | 15.07 | |||
| PRPRF | 7.16 | 0.45 | 0.02 | 12.46 | 8.88 | 24.62 | 82.10 | |||
| VLERF | 2.81 | (0.04) | 0.00 | (0.21) | 0.00 | 6.23 | 21.04 | |||
| GUKYF | 2.53 | 0.30 | 0.02 | (0.43) | 2.97 | 6.04 | 27.76 | |||
| JPTXF | 4.32 | 0.90 | 0.00 | (1.50) | 0.00 | 11.97 | 19.87 | |||
| STOSF | 0.96 | (0.18) | 0.00 | (0.68) | 0.00 | 3.39 | 11.25 |
View Santos Related Equities
| Risk & Return | Correlation |
Santos Corporate Management
| LLB BA | G Sec | Profile | |
| BCom BComm | Chief Officer | Profile | |
| Brett BSc | Pres Fuels | Profile | |
| BA BE | Chief Officer | Profile | |
| BA MBA | Culture People | Profile | |
| Andrew BComm | Group Relations | Profile |
Still Interested in Santos Ltd ADR?
Investing in delisted pink sheets can be risky, as the pink sheet 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.