SBA Communications Correlations

Stocks Germany . 
Stock . SBA Communications Corp
4SB Stock  EUR 193.90  2.70  1.37%   
The current 90-days correlation between SBA Communications Corp and DEVRY EDUCATION GRP is 0.03 (i.e., Significant diversification). The correlation of SBA Communications 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.

SBA Communications Correlation With Market

Good diversification

The correlation between SBA Communications Corp and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBA Communications Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SBA Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SBA Communications 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 SBA Communications - 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 SBA Communications Corp to buy it.

Moving together with SBA Stock

  0.9A0T American Tower CorpPairCorr
  0.74WHC WeyerhaeuserPairCorr
  0.72PQ9 PT Bank MandiriPairCorr
  0.86PQ9 BANK MANDIRIPairCorr
  0.69PQ9 BANK MANDIRIPairCorr
  0.76PQ9 BANK MANDIRIPairCorr
  0.72BYRA BANK RAKYAT INDPairCorr
  0.68BYRA PT Bank RakyatPairCorr
  0.77BYRA BANK RAKYAT INDPairCorr
  0.67BYRA PT Bank RakyatPairCorr
  0.78BZG2 BANK CENTRAL ASIAPairCorr

Moving against SBA Stock

  0.66SUI Sekisui ChemicalPairCorr
  0.51H4W Jardine Matheson HoldingsPairCorr
  0.47DV3R DELCATH SYS NEWPairCorr
  0.45DBK Deutsche Bank AktienPairCorr
  0.43DBK Deutsche Bank AktienPairCorr
  0.38DBPE Xtrackers LevDAXPairCorr
  0.344JP Japan Post InsurancePairCorr
  0.33DTE Deutsche TelekomPairCorr

Related Correlations Analysis

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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   
DVY
+ 0.97
DVY
GQV
+ 0.72
DVY
DVY
+ 0.68
GQV
2T8
+ 0.53
2H4
GQV
+ 0.41
2H4
9DB
+ 0.4
2H4
  
High negative correlations   
DVY
- 0.4
IZZ
IZZ
- 0.37
DVY
9DB
- 0.31
CBW
2T8
- 0.25
CBW
IZZ
- 0.24
GQV
CBW
- 0.17
2H4

Risk-Adjusted Indicators

There is a big difference between SBA Stock performing well and SBA Communications 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 SBA Communications' 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.

Be your own money manager

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

Elected by the shareholders, the SBA Communications' board of directors comprises two types of representatives: SBA Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SBA. The board's role is to monitor SBA Communications' management team and ensure that shareholders' interests are well served. SBA Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SBA Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
David PorteSenior Vice President of International Strategy and Business DevelopmentProfile
Brian LazarusSenior Vice President Chief Accounting OfficerProfile
Jason SilbersteinExecutive Vice President - Site LeasingProfile
Brendan CPACFO VPProfile
Kurt BagwellExecutive Vice President and Presidentident – InternationalProfile
Duncan CocroftIndependent DirectorProfile
Fidelma RussoIndependent DirectorProfile
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