SCI Engineered Correlations

OTC Stocks . USA . 
Stock . SCI Engineered Materials
SCIA Stock  USD 4.36  0.24  5.22%   
The current 90-days correlation between SCI Engineered Materials and Surge Components is -0.02 (i.e., Good diversification). The correlation of SCI Engineered 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.

SCI Engineered Correlation With Market

Good diversification

The correlation between SCI Engineered Materials and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SCI Engineered Materials and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SCI Engineered could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCI Engineered 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 SCI Engineered - 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 SCI Engineered Materials to buy it.

Moving together with SCI OTC Stock

  0.72AMAT Applied MaterialsPairCorr
  0.73TOELY Tokyo ElectronPairCorr
  0.73TOELF Tokyo ElectronPairCorr
  0.61ASMXF ASM InternationalPairCorr

Moving against SCI OTC Stock

  0.68LKQ LKQ CorporationPairCorr
  0.66VICI VICI PropertiesPairCorr
  0.65TOUR Tuniu CorpPairCorr
  0.64DOX Amdocs Sell-off TrendPairCorr
  0.63CCI Crown CastlePairCorr
  0.53ROCK Gibraltar Industries Downward RallyPairCorr
  0.53MLGO MicroAlgoPairCorr
  0.44WLDSW Wearable Devices Tech BoostPairCorr
  0.41JRSH Jerash HoldingsPairCorr
  0.39PRIF-PF Priorityome FundPairCorr
  0.37ALMTF Almonty IndustriesPairCorr
  0.33WECFF White EnergyPairCorr
  0.32ZBH Zimmer Biomet HoldingsPairCorr
  0.66MPW Medical Properties Trust Aggressive PushPairCorr
  0.65BEST BEST IncPairCorr
  0.61RBKB Rhinebeck BancorpPairCorr
  0.58WPM Wheaton Precious MetalsPairCorr
  0.58EFC Ellington FinancialPairCorr
  0.57CHKP Check Point SoftwarePairCorr
  0.56MTTR MatterportPairCorr
  0.51ORI Old Republic InternaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
IEHC
+ 0.55
SODI
SCND
+ 0.49
TBTC
SCND
+ 0.34
SPRS
TBTC
+ 0.01
SPRS
  
High negative correlations   
IEHC
- 0.62
SPRS
SCND
- 0.51
IEHC
SODI
- 0.47
SPRS
IEHC
- 0.23
TBTC
SCND
- 0.23
SODI
TBTC
- 0.08
SODI

Risk-Adjusted Indicators

There is a big difference between SCI OTC Stock performing well and SCI Engineered OTC Stock 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 SCI Engineered'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SCI Engineered 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 Instant Ratings Now

   

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

SCI Engineered Corporate Executives

Elected by the shareholders, the SCI Engineered's board of directors comprises two types of representatives: SCI Engineered inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SCI. The board's role is to monitor SCI Engineered's management team and ensure that shareholders' interests are well served. SCI Engineered'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, SCI Engineered's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gerald BlaskieCFO and VPProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY