Scentre Correlations

STGPF Stock

USD 2.68 0.00 0.00%

The current 90-days correlation between Scentre Group and Segro Plc is -0.1 (i.e., Good diversification). The correlation of Scentre 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.

Scentre Correlation With Market

Poor diversification

The correlation between Scentre Group and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scentre Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Scentre Pink Sheet

0.8	PAZRF	Plaza Retail REIT	Pair Corr
0.72	CWST	Casella Waste Systems Earnings Call Tomorrow	Pair Corr
0.63	SVRA	Savara Inc	Pair Corr
0.65	CINGW	Cingulate Warrants	Pair Corr
0.76	UAL	United Airlines Holdings	Pair Corr
0.66	GNTX	Gentex	Pair Corr

Moving against Scentre Pink Sheet

0.62	LKREF	Link Real Estate	Pair Corr
0.39	ADC	Agree Realty	Pair Corr
0.31	SMFL	Smart for Life	Pair Corr
0.31	AOTVD	Ascot Resources	Pair Corr

Related Correlations Analysis

	SEGXF	CPAMF	UNIRF	KLPEF	UNBLF	SPHXF	LKREF	AZRGF	SNLAY	HKHGF
SEGXF		0.35	0.73	-0.46	0.66	0.69	-0.01	0.6	0.79	0.74	SEGXF
CPAMF	0.35		0.52	-0.52	0.53	0.36	-0.42	0.56	0.58	0.58	CPAMF
UNIRF	0.73	0.52		-0.73	0.58	0.84	-0.14	0.44	0.83	0.9	UNIRF
KLPEF	-0.46	-0.52	-0.73		-0.6	-0.66	0.29	-0.19	-0.57	-0.77	KLPEF
UNBLF	0.66	0.53	0.58	-0.6		0.49	-0.3	0.57	0.57	0.69	UNBLF
SPHXF	0.69	0.36	0.84	-0.66	0.49		0.06	0.37	0.67	0.72	SPHXF
LKREF	-0.01	-0.42	-0.14	0.29	-0.3	0.06		-0.11	-0.12	-0.27	LKREF
AZRGF	0.6	0.56	0.44	-0.19	0.57	0.37	-0.11		0.62	0.49	AZRGF
SNLAY	0.79	0.58	0.83	-0.57	0.57	0.67	-0.12	0.62		0.81	SNLAY
HKHGF	0.74	0.58	0.9	-0.77	0.69	0.72	-0.27	0.49	0.81		HKHGF
	SEGXF	CPAMF	UNIRF	KLPEF	UNBLF	SPHXF	LKREF	AZRGF	SNLAY	HKHGF

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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

HKHGF	+ 0.9	UNIRF
SPHXF	+ 0.84	UNIRF
SNLAY	+ 0.83	UNIRF
HKHGF	+ 0.81	SNLAY
SNLAY	+ 0.79	SEGXF
HKHGF	+ 0.74	SEGXF

High negative correlations

HKHGF	- 0.77	KLPEF
KLPEF	- 0.73	UNIRF
SPHXF	- 0.66	KLPEF
UNBLF	- 0.6	KLPEF
SNLAY	- 0.57	KLPEF
KLPEF	- 0.52	CPAMF

Risk-Adjusted Indicators

There is a big difference between Scentre Pink Sheet performing well and Scentre 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 Scentre'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
SEGXF	1.28	0.18	0.07	19.21	1.27	(2.10)	4.12	(2.86)	8.04
CPAMF	1.73	0.29	0.05	0.87	2.54	(3.04)	4.97	(3.16)	19.69
UNIRF	0.41	0.20	0.00	4.90	0.00	0.00	0.00	0.00	13.79
KLPEF	0.32	0.02	0.00	(4.27)	0.00	0.00	0.51	(1.51)	4.17
UNBLF	1.16	0.19	0.07	4.13	1.22	(2.10)	3.97	(2.46)	10.22
SPHXF	0.88	(0.06)	0.00	0.00	0.00	0.00	0.00	0.00	29.03
LKREF	2.43	(0.24)	0.00	(0.19)	0.00	0.00	5.43	(8.10)	22.62
AZRGF	0.97	0.40	0.00	0.25	0.00	0.00	0.00	0.00	32.37
SNLAY	3.12	0.45	0.09	1.07	3.25	(4.27)	9.15	(6.03)	23.20
HKHGF	1.89	0.68	0.15	(2.31)	1.24	(6.31)	7.47	(2.68)	23.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Scentre 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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Scentre Corporate Management

Roy Gruenpeter	Gen Devel	Profile
Maria Stamoulis	Director HR	Profile
Maureen McGrath	General Counsel- Compliance and Secretariat and Secretary	Profile
Paul Giugni	General Counsel	Profile
Philip McAveety	Chief Officer	Profile

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