SThree Plc Correlations
| STEM Stock | 186.20 0.20 0.11% |
The current 90-days correlation between SThree plc and SupplyMe Capital PLC is 0.09 (i.e., Significant diversification). The correlation of SThree Plc 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.
SThree Plc Correlation With Market
Significant diversification
The correlation between SThree plc and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SThree plc and DJI in the same portfolio, assuming nothing else is changed.
SThree |
The ability to find closely correlated positions to SThree Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SThree Plc 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 SThree Plc - 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 SThree plc to buy it.
Moving together with SThree Stock
| 0.74 | TYT | Toyota Motor Corp | PairCorr |
| 0.82 | 0LC3 | Synchrony Financial | PairCorr |
| 0.82 | 0R28 | Newmont Corp | PairCorr |
| 0.63 | PRU | Prudential plc | PairCorr |
| 0.71 | 0ICP | Dover Corp | PairCorr |
| 0.68 | CABP | CAB Payments Holdings | PairCorr |
| 0.65 | 0HPH | Brighthouse Financial | PairCorr |
| 0.81 | STX | Shield Therapeutics plc | PairCorr |
| 0.68 | 0V5H | Manulife Financial Corp | PairCorr |
| 0.78 | UAV | Unicorn AIM VCT | PairCorr |
| 0.76 | 0LF0 | Textron | PairCorr |
| 0.75 | XGLD | Xtrackers Physical Gold | PairCorr |
| 0.78 | 3IN | 3I Infrastructure PLC | PairCorr |
| 0.71 | 0JPB | Jones Lang LaSalle | PairCorr |
| 0.73 | EZJ | EasyJet PLC | PairCorr |
| 0.81 | ZEG | Zegona Communications Plc | PairCorr |
| 0.63 | VOD | Vodafone Group PLC | PairCorr |
| 0.65 | RFG | Roebuck Food Group | PairCorr |
| 0.63 | SLP | Sylvania Platinum | PairCorr |
Moving against SThree Stock
| 0.63 | 0HWH | Cheniere Energy | PairCorr |
| 0.37 | 0HBH | Air Products Chemicals | PairCorr |
| 0.37 | RBW | Rainbow Rare Earths | PairCorr |
| 0.35 | 0R1E | Nintendo | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between SThree Stock performing well and SThree Plc 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 SThree Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYME | 36.08 | 17.25 | 1.04 | (2.29) | 5.66 | 25.00 | 1,027 | |||
| LLPD | 0.18 | 0.04 | 0.00 | (0.58) | 0.00 | 0.63 | 2.52 | |||
| LLOY | 1.06 | 0.19 | 0.13 | 0.31 | 1.13 | 2.99 | 7.03 | |||
| GTCO | 33.53 | (16.54) | 0.00 | 1.36 | 0.00 | 4.84 | 1,003 | |||
| TRP | 3.30 | (0.21) | 0.00 | (0.20) | 0.00 | 7.41 | 36.41 | |||
| SNDA | 3.82 | 0.42 | 0.04 | (1.12) | 4.01 | 12.00 | 37.99 | |||
| SANB | 0.07 | 0.02 | 0.00 | (0.74) | 0.00 | 0.34 | 1.03 | |||
| MSMN | 3.89 | 0.53 | 0.05 | (0.28) | 4.69 | 8.70 | 35.34 | |||
| 0LQQ | 1.06 | 0.16 | 0.08 | 0.28 | 1.41 | 2.02 | 11.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SThree Plc 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?
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SThree Plc Corporate Management
Elected by the shareholders, the SThree Plc's board of directors comprises two types of representatives: SThree Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SThree. The board's role is to monitor SThree Plc's management team and ensure that shareholders' interests are well served. SThree Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SThree Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kurt Schruers | Managing Region | Profile | |
| Christophe Zwaenepoe | Managing DACH | Profile | |
| Tom Way | France UK | Profile | |
| Kirsty Mulholland | Senior Assistant | Profile |