Simpson Manufacturing Correlations
| TWL Stock | EUR 172.40 8.10 4.93% |
The current 90-days correlation between Simpson Manufacturing and Prudential plc is -0.05 (i.e., Good diversification). The correlation of Simpson Manufacturing 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.
Simpson Manufacturing Correlation With Market
Poor diversification
The correlation between Simpson Manufacturing Co and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simpson Manufacturing Co and DJI in the same portfolio, assuming nothing else is changed.
Simpson |
The ability to find closely correlated positions to Simpson Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Simpson Manufacturing 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 Simpson Manufacturing - 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 Simpson Manufacturing Co to buy it.
Moving together with Simpson Stock
| 0.75 | 4I1 | Philip Morris Intern | PairCorr |
| 0.82 | SEH | SHIN ETSU CHEMICAL | PairCorr |
| 0.72 | XMF | STOMO MITSUI FINL | PairCorr |
| 0.8 | SCL | Schlumberger Limited | PairCorr |
| 0.75 | SSU | Samsung Electronics | PairCorr |
| 0.66 | PKX | POSCO Holdings | PairCorr |
| 0.77 | TOMA | Toyota Motor | PairCorr |
| 0.79 | 5EE | MEBUKI FINANCIAL | PairCorr |
| 0.8 | 4FK | Fukuoka Financial | PairCorr |
| 0.74 | NCYD | TELE2 B | PairCorr |
| 0.79 | PPQ | PPG Industries | PairCorr |
| 0.69 | 8C9 | China Sanjiang Fine | PairCorr |
| 0.76 | GJ9 | SLC Agricola SA Split | PairCorr |
| 0.73 | OTP | OTP Bank Nyrt | PairCorr |
| 0.63 | PRU | Prudential plc | PairCorr |
| 0.8 | AISF | Advanced Info Service | PairCorr |
Moving against Simpson Stock
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Simpson Stock performing well and Simpson Manufacturing 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 Simpson Manufacturing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.05 | (0.20) | 0.00 | 2.05 | 0.00 | 1.91 | 14.56 | |||
| AMD | 2.99 | (0.29) | 0.00 | (0.34) | 0.00 | 6.33 | 24.55 | |||
| 4I1 | 1.12 | 0.28 | 0.13 | 2.27 | 1.19 | 2.89 | 7.67 | |||
| AMG | 1.61 | 0.26 | 0.10 | 1.24 | 1.63 | 4.09 | 12.15 | |||
| HK2C | 0.53 | (0.11) | 0.00 | (0.38) | 0.00 | 1.49 | 5.73 | |||
| SEH | 1.78 | 0.15 | 0.06 | 0.28 | 2.06 | 3.27 | 10.05 | |||
| 3RB | 0.67 | 0.13 | 0.09 | 0.98 | 0.45 | 1.58 | 4.00 | |||
| DP4B | 0.83 | 0.13 | 0.02 | (33.74) | 1.07 | 2.57 | 7.59 | |||
| FPMB | 1.24 | 0.32 | 0.10 | 2.09 | 1.38 | 3.93 | 9.65 | |||
| PRU | 1.29 | 0.12 | 0.04 | 0.31 | 1.54 | 3.13 | 9.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Simpson Manufacturing 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?
Run Price Exposure Probability Now
Price Exposure ProbabilityAnalyze equity upside and downside potential for a given time horizon across multiple markets |
| All Next | Launch Module |
Simpson Manufacturing Corporate Management
Elected by the shareholders, the Simpson Manufacturing's board of directors comprises two types of representatives: Simpson Manufacturing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Simpson. The board's role is to monitor Simpson Manufacturing's management team and ensure that shareholders' interests are well served. Simpson Manufacturing'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, Simpson Manufacturing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Swartzendruber | VP Fin | Profile | |
| Udit Mehta | Chief Officer | Profile | |
| Michael Andersen | Executive GmbH | Profile | |
| Jeremy Gilstrap | Executive Inc | Profile | |
| Cari Fisher | Corporate Secretary | Profile | |
| Kei Bullock | Executive Resources | Profile |