SEAZEN GROUP Correlations

6FLA Stock

EUR 0.27 0.01 3.85%

The current 90-days correlation between SEAZEN GROUP LTD and Carsales is -0.03 (i.e., Good diversification). The correlation of SEAZEN GROUP 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.

SEAZEN GROUP Correlation With Market

Good diversification

The correlation between SEAZEN GROUP LTD and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEAZEN GROUP LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SEAZEN Stock

0.8	CHZ	China Resources Land Earnings Call This Week	Pair Corr
0.69	CCC3	Coca Cola	Pair Corr
0.64	KB2	Matsa Resources	Pair Corr
0.63	6XK	IMMOTION GRP LS	Pair Corr
0.81	NDA	AURUBIS	Pair Corr

Moving against SEAZEN Stock

0.81	KWE1	Ring Energy	Pair Corr
0.77	2PR3	Pruksa Holding Public	Pair Corr
0.72	A1A	Atrium Ljungberg	Pair Corr
0.69	74G	DIVIDEND GROWTH SPLIT	Pair Corr
0.47	5TI	TINC Comm VA	Pair Corr
0.47	ADC	AdCapital AG	Pair Corr
0.45	LIE	Sun Life Financial	Pair Corr

Related Correlations Analysis

	WN6	CK3	T2G	FR70	54M	HKU	FDU
WN6		0.86	0.06	0.53	-0.65	-0.06	0.68	WN6
CK3	0.86		0.22	0.73	-0.7	-0.15	0.8	CK3
T2G	0.06	0.22		0.28	-0.24	-0.47	0.37	T2G
FR70	0.53	0.73	0.28		-0.42	-0.25	0.8	FR70
54M	-0.65	-0.7	-0.24	-0.42		0.36	-0.46	54M
HKU	-0.06	-0.15	-0.47	-0.25	0.36		-0.29	HKU
FDU	0.68	0.8	0.37	0.8	-0.46	-0.29		FDU
	WN6	CK3	T2G	FR70	54M	HKU	FDU

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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

CK3	+ 0.86	WN6
FDU	+ 0.8	CK3
FDU	+ 0.8	FR70
FR70	+ 0.73	CK3
FDU	+ 0.68	WN6
FR70	+ 0.53	WN6

High negative correlations

54M	- 0.7	CK3
54M	- 0.65	WN6
HKU	- 0.47	T2G
FDU	- 0.46	54M
54M	- 0.42	FR70
FDU	- 0.29	HKU

Risk-Adjusted Indicators

There is a big difference between SEAZEN Stock performing well and SEAZEN GROUP 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 SEAZEN GROUP'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
WN6	1.49	(0.26)	0.00	(0.48)	0.00	0.00	2.64	(3.54)	10.21
CK3	2.44	(0.74)	0.00	(2.85)	0.00	0.00	4.72	(5.06)	28.09
T2G	0.25	(0.03)	0.00	0.17	0.00	0.00	0.56	(0.56)	3.90
FR70	1.34	(0.27)	0.00	(1.56)	0.00	0.00	2.04	(3.40)	7.64
54M	3.51	0.53	0.14	0.73	3.41	(4.62)	10.00	(5.81)	19.87
HKU	1.19	0.07	0.08	0.18	1.43	(1.63)	2.92	(2.82)	10.93
FDU	3.07	(0.67)	0.00	(1.92)	0.00	0.00	5.31	(7.02)	20.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in SEAZEN GROUP 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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