SysGroup PLC Correlations

SYS Stock

16.00 1.30 8.84%

The current 90-days correlation between SysGroup PLC and Walmart is -0.11 (i.e., Good diversification). The correlation of SysGroup 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.

SysGroup PLC Correlation With Market

Good diversification

The correlation between SysGroup PLC and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SysGroup PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SysGroup 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 SysGroup 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 SysGroup 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 SysGroup PLC to buy it.

Moving together with SysGroup Stock

0.67

0MH1

Bureau Veritas SA

Pair Corr

Moving against SysGroup Stock

0.89	0P6S	Bayer AG NA	Pair Corr
0.77	BIRG	Bank of Ireland	Pair Corr
0.74	STEM	SThree plc	Pair Corr
0.72	PCFT	Polar Capital Global	Pair Corr
0.7	0LQQ	Vodafone Group PLC	Pair Corr
0.7	0SCL	Schlumberger	Pair Corr
0.69	SUS	SU plc	Pair Corr
0.69	IHG	InterContinental Hotels	Pair Corr
0.67	EDV	Endeavour Mining Corp	Pair Corr
0.66	LLOY	Lloyds Banking Group	Pair Corr
0.66	BERI	Blackrock Energy	Pair Corr
0.6	RE-B	REA Holdings plc	Pair Corr
0.57	SANB	SANTANDER UK 8	Pair Corr
0.54	EUA	Eurasia Mining	Pair Corr
0.53	LLPD	Lloyds Banking Group	Pair Corr
0.49	ICGC	Irish Continental	Pair Corr
0.49	0HL5	Ball Corp	Pair Corr
0.42	GBSS	Gold Bullion Securities	Pair Corr
0.42	ALK	Alkemy Capital Inves	Pair Corr
0.41	0J4V	Heron Therapeutics	Pair Corr
0.33	CPH2	Clean Power Hydrogen	Pair Corr
0.86	RS1	RS GROUP PLC	Pair Corr
0.8	AAZ	Anglo Asian Mining	Pair Corr
0.8	0JRL	Kohl Corp	Pair Corr
0.78	BNC	Banco Santander SA	Pair Corr
0.77	ECO	Eco Oil Gas	Pair Corr
0.74	ZEG	Zegona Communications Plc	Pair Corr
0.72	0KED	Infineon Technologies	Pair Corr
0.71	DRX	Drax Group PLC	Pair Corr
0.69	SKL	Skillcast Group PLC	Pair Corr
0.67	CAD	Cadogan Petroleum plc	Pair Corr
0.64	0JWG	MKS Instruments	Pair Corr

Related Correlations Analysis

	0R1W	0R1O	0VSO	0HKY	0P6O	0P6N	CPG	0H3Q	0R08	0R1G
0R1W		-0.12	-0.59	-0.53	0.82	0.8	-0.73	0.74	0.63	-0.54	0R1W
0R1O	-0.12		-0.37	-0.4	0.2	0.14	-0.16	0.34	0.46	-0.24	0R1O
0VSO	-0.59	-0.37		0.94	-0.71	-0.67	0.73	-0.85	-0.85	0.84	0VSO
0HKY	-0.53	-0.4	0.94		-0.65	-0.62	0.68	-0.81	-0.85	0.87	0HKY
0P6O	0.82	0.2	-0.71	-0.65		0.97	-0.89	0.91	0.81	-0.65	0P6O
0P6N	0.8	0.14	-0.67	-0.62	0.97		-0.88	0.88	0.78	-0.62	0P6N
CPG	-0.73	-0.16	0.73	0.68	-0.89	-0.88		-0.85	-0.74	0.71	CPG
0H3Q	0.74	0.34	-0.85	-0.81	0.91	0.88	-0.85		0.91	-0.83	0H3Q
0R08	0.63	0.46	-0.85	-0.85	0.81	0.78	-0.74	0.91		-0.79	0R08
0R1G	-0.54	-0.24	0.84	0.87	-0.65	-0.62	0.71	-0.83	-0.79		0R1G
	0R1W	0R1O	0VSO	0HKY	0P6O	0P6N	CPG	0H3Q	0R08	0R1G

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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

0P6N	+ 0.97	0P6O
0HKY	+ 0.94	0VSO
0H3Q	+ 0.91	0P6O
0R08	+ 0.91	0H3Q
0H3Q	+ 0.88	0P6N
0R1G	+ 0.87	0HKY

High negative correlations

CPG	- 0.89	0P6O
CPG	- 0.88	0P6N
0H3Q	- 0.85	CPG
0R08	- 0.85	0HKY
0R08	- 0.85	0VSO
0H3Q	- 0.85	0VSO

Risk-Adjusted Indicators

There is a big difference between SysGroup Stock performing well and SysGroup 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 SysGroup 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
0R1W	1.04	0.11	0.05	0.46	1.00	(1.32)	2.39	(2.09)	8.49
0R1O	1.42	0.06	0.01	0.19	1.35	(1.77)	3.52	(2.14)	12.41
0VSO	1.21	(0.24)	0.00	(0.29)	0.00	0.00	2.23	(2.75)	7.76
0HKY	1.24	(0.20)	0.00	(0.50)	0.00	0.00	2.28	(2.56)	7.29
0P6O	0.99	0.12	0.06	0.35	1.12	(1.07)	2.23	(2.20)	5.33
0P6N	1.00	0.08	0.05	0.17	1.20	(1.01)	2.27	(2.09)	6.09
CPG	0.82	(0.05)	0.00	0.34	0.00	0.00	1.82	(1.59)	4.37
0H3Q	0.94	0.27	0.23	0.59	0.70	(1.08)	2.09	(1.59)	10.82
0R08	1.21	0.28	0.16	0.63	1.13	(1.27)	2.69	(2.25)	10.63
0R1G	1.17	(0.31)	0.00	(0.24)	0.00	0.00	2.94	(2.40)	6.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in SysGroup 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.

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SysGroup PLC Corporate Management

Elected by the shareholders, the SysGroup PLC's board of directors comprises two types of representatives: SysGroup PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SysGroup. The board's role is to monitor SysGroup PLC's management team and ensure that shareholders' interests are well served. SysGroup 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, SysGroup PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sumayya Suleman	Head Experience	Profile
Wendy Baker	General Secretary	Profile
Martin Audcent	Executive Officer	Profile
Nicholas Guite	Chief Officer	Profile
Heinrich Koorts	Chief Officer	Profile
Paul Sullivan	Chief Officer	Profile

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