Sachem Capital Correlations

SCCC Stock

USD 24.70 0.09 0.36%

The correlation of Sachem Capital 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.

Sachem Capital Correlation With Market

Good diversification

The correlation between Sachem Capital Corp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sachem Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sachem Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Sachem Stock

0.72	MBAV	M3 Brigade Acquisition	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.68	GLACU	Global Lights Acquisition	Pair Corr
0.77	GLADZ	Gladstone Capital	Pair Corr
0.61	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.7	VACH	Voyager Acquisition Corp	Pair Corr

Moving against Sachem Stock

0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.65	MC	Moelis	Pair Corr
0.61	MSSAW	Metal Sky Star	Pair Corr
0.58	PX	P10 Inc	Pair Corr
0.57	CG	Carlyle Group Normal Trading	Pair Corr
0.42	DHIL	Diamond Hill Investment	Pair Corr
0.36	MS	Morgan Stanley	Pair Corr
0.75	WT	WisdomTree	Pair Corr
0.74	RC	Ready Capital Corp	Pair Corr
0.49	SF	Stifel Financial	Pair Corr
0.49	VALU	Value Line	Pair Corr

Related Correlations Analysis

	RILYO	SACC	HROWL	SCCB	BWSN
RILYO		0.0	0.0	0.0	0.0	RILYO
SACC	0.0		0.0	0.0	0.0	SACC
HROWL	0.0	0.0		0.0	0.27	HROWL
SCCB	0.0	0.0	0.0		0.0	SCCB
BWSN	0.0	0.0	0.27	0.0		BWSN
	RILYO	SACC	HROWL	SCCB	BWSN

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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

BWSN	+ 0.27	HROWL
SACC	+ 0.0	RILYO
HROWL	+ 0.0	RILYO
SCCB	+ 0.0	RILYO
BWSN	+ 0.0	RILYO
HROWL	+ 0.0	SACC

High negative correlations

BWSN	- 0.0	SCCB
SCCB	- 0.0	HROWL
BWSN	- 0.0	SACC
SCCB	- 0.0	SACC
HROWL	- 0.0	SACC
BWSN	- 0.0	RILYO

Risk-Adjusted Indicators

There is a big difference between Sachem Stock performing well and Sachem Capital 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 Sachem Capital'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
RILYO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SACC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HROWL	0.24	0.03	0.27	3.55	0.23	(0.31)	0.59	(0.40)	1.57
SCCB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BWSN	0.81	(0.17)	0.00	(2.46)	0.00	0.00	1.59	(1.73)	6.88

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