SSC Technologies Correlations

S1SN34 Stock

BRL 66.92 0.00 0.00%

The current 90-days correlation between SSC Technologies Hol and Capital One Financial is 0.04 (i.e., Significant diversification). The correlation of SSC Technologies 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.

SSC Technologies Correlation With Market

Significant diversification

The correlation between SSC Technologies Holdings, and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSC Technologies Holdings, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SSC Stock

0.57	T1AM34	Atlassian Plc	Pair Corr
0.56	Z1OM34	Zoom Video Communications	Pair Corr
0.5	N1OW34	ServiceNow	Pair Corr
0.49	A1UT34	Autodesk	Pair Corr
0.45	S2HO34	Shopify	Pair Corr
0.42	P2AX34	Patria Investments	Pair Corr
0.4	T2TD34	Trade Desk	Pair Corr
0.39	S2NW34	Snowflake	Pair Corr
0.39	N1BI34	Neurocrine Biosciences	Pair Corr
0.38	MSCD34	Mastercard Incorporated	Pair Corr
0.38	D1OC34	DocuSign	Pair Corr
0.36	D1DG34	Datadog,	Pair Corr
0.31	ODPV3	Odontoprev SA	Pair Corr

Related Correlations Analysis

	B1RF34	CAON34	A1MP34	D1FS34	S1TX34	S1YF34	T1TW34	A2RE34
B1RF34		0.53	0.25	0.45	-0.44	0.58	0.57	0.79	B1RF34
CAON34	0.53		0.87	0.22	-0.54	0.96	0.94	0.81	CAON34
A1MP34	0.25	0.87		0.07	-0.45	0.86	0.89	0.66	A1MP34
D1FS34	0.45	0.22	0.07		-0.4	0.23	0.21	0.45	D1FS34
S1TX34	-0.44	-0.54	-0.45	-0.4		-0.48	-0.52	-0.46	S1TX34
S1YF34	0.58	0.96	0.86	0.23	-0.48		0.95	0.85	S1YF34
T1TW34	0.57	0.94	0.89	0.21	-0.52	0.95		0.84	T1TW34
A2RE34	0.79	0.81	0.66	0.45	-0.46	0.85	0.84		A2RE34
	B1RF34	CAON34	A1MP34	D1FS34	S1TX34	S1YF34	T1TW34	A2RE34

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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

S1YF34	+ 0.96	CAON34
T1TW34	+ 0.95	S1YF34
T1TW34	+ 0.94	CAON34
T1TW34	+ 0.89	A1MP34
A1MP34	+ 0.87	CAON34
S1YF34	+ 0.86	A1MP34

High negative correlations

S1TX34	- 0.54	CAON34
T1TW34	- 0.52	S1TX34
S1YF34	- 0.48	S1TX34
A2RE34	- 0.46	S1TX34
S1TX34	- 0.45	A1MP34
S1TX34	- 0.44	B1RF34

Risk-Adjusted Indicators

There is a big difference between SSC Stock performing well and SSC Technologies 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 SSC Technologies' 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
B1RF34	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.34
CAON34	1.24	0.44	0.20	1.84	0.50	(4.16)	4.26	(1.53)	18.60
A1MP34	1.08	0.19	0.12	1.19	1.13	(1.39)	2.18	(1.56)	12.61
D1FS34	1.02	0.53	0.00	3.77	0.00	0.00	0.36	0.00	24.53
S1TX34	0.97	(0.25)	0.00	4.31	0.00	0.00	3.46	(3.90)	10.85
S1YF34	1.37	0.46	0.19	(3.98)	0.80	(2.84)	3.09	(2.42)	20.79
T1TW34	1.50	0.40	0.16	24.07	1.82	(1.65)	3.15	(3.29)	15.05
A2RE34	1.31	0.32	0.19	6.92	1.17	(1.53)	2.57	(2.31)	8.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in SSC Technologies 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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