SCOR PK Correlations

SCRYY Stock

USD 3.00 0.06 2.04%

The current 90-days correlation between SCOR PK and Hannover Re is -0.02 (i.e., Good diversification). The correlation of SCOR PK 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SCOR PK Correlation With Market

Significant diversification

The correlation between SCOR PK and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SCOR PK and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SCOR Pink Sheet

0.82	BRK-A	Berkshire Hathaway	Pair Corr
0.82	BRK-B	Berkshire Hathaway	Pair Corr
0.74	NHNCF	NAVER Corp	Pair Corr
0.68	CHT	Chunghwa Telecom	Pair Corr
0.72	BACQU	Bleichroeder Acquisition	Pair Corr
0.68	TD	Toronto Dominion Bank	Pair Corr
0.65	MDLZ	Mondelez International	Pair Corr
0.78	SGAPY	Singapore Telecommunicatio	Pair Corr
0.67	FREKF	freee KK	Pair Corr
0.66	DVRNF	Deveron Corp	Pair Corr
0.61	BLTH	American Battery Mat	Pair Corr
0.7	CMSQF	Computershare Limited	Pair Corr
0.67	CWPS	Conwest Assoc Part	Pair Corr
0.63	CIMO	Chimera Investment	Pair Corr
0.71	WZZAF	Wizz Air Holdings	Pair Corr
0.69	BTT	Blackrock Municipal	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.73	BSET	Bassett Furniture	Pair Corr

Moving against SCOR Pink Sheet

0.6	KB	KB Financial Group	Pair Corr
0.59	QMCO	Quantum Trending	Pair Corr
0.36	ENMI	Energy Management	Pair Corr
0.34	HYMTF	Hyundai Motor	Pair Corr
0.31	DMIFF	Diamcor Mining	Pair Corr

Related Correlations Analysis

	SSREY	HVRRY	SPNT-PB	MHLD	GLRE	BNRE	RGA	SPNT	RNR	RE
SSREY		0.83	0.65	-0.86	-0.46	0.0	-0.55	-0.16	-0.52	0.0	SSREY
HVRRY	0.83		0.44	-0.56	-0.2	0.0	-0.42	0.06	-0.09	0.0	HVRRY
SPNT-PB	0.65	0.44		-0.56	-0.38	0.0	-0.43	0.16	-0.42	0.0	SPNT-PB
MHLD	-0.86	-0.56	-0.56		0.63	0.0	0.45	0.49	0.7	0.0	MHLD
GLRE	-0.46	-0.2	-0.38	0.63		0.0	0.32	0.65	0.82	0.0	GLRE
BNRE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BNRE
RGA	-0.55	-0.42	-0.43	0.45	0.32	0.0		0.17	0.41	0.0	RGA
SPNT	-0.16	0.06	0.16	0.49	0.65	0.0	0.17		0.59	0.0	SPNT
RNR	-0.52	-0.09	-0.42	0.7	0.82	0.0	0.41	0.59		0.0	RNR
RE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RE
	SSREY	HVRRY	SPNT-PB	MHLD	GLRE	BNRE	RGA	SPNT	RNR	RE

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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

HVRRY	+ 0.83	SSREY
RNR	+ 0.82	GLRE
RNR	+ 0.7	MHLD
SPNT-PB	+ 0.65	SSREY
SPNT	+ 0.65	GLRE
GLRE	+ 0.63	MHLD

High negative correlations

MHLD	- 0.86	SSREY
MHLD	- 0.56	SPNT-PB
MHLD	- 0.56	HVRRY
RGA	- 0.55	SSREY
RNR	- 0.52	SSREY
GLRE	- 0.46	SSREY

Risk-Adjusted Indicators

There is a big difference between SCOR Pink Sheet performing well and SCOR PK 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 SCOR PK'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
SSREY	0.97	0.23	0.24	0.44	0.92	(1.06)	2.08	(1.85)	6.95
HVRRY	1.11	0.18	0.16	0.44	1.35	(1.20)	2.50	(3.05)	6.52
SPNT-PB	0.20	0.01	0.40	(0.56)	0.19	(0.24)	0.48	(0.40)	1.36
MHLD	5.58	(0.58)	0.00	(0.53)	0.00	0.00	9.09	(10.00)	53.37
GLRE	1.20	(0.10)	0.00	(0.26)	0.00	0.00	2.41	(2.69)	6.11
BNRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGA	1.38	(0.04)	0.00	(0.13)	0.00	0.00	2.55	(3.43)	12.10
SPNT	1.76	0.01	0.00	(0.08)	0.00	0.00	2.39	(3.57)	19.39
RNR	1.25	(0.11)	0.00	(0.28)	0.00	0.00	2.35	(2.44)	11.37
RE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in SCOR PK 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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SCOR PK Corporate Management

Claire GallRobinson	Group Officer	Profile
Fabian Uffer	Chief Officer	Profile
JeanPaul ConoscenteJacopin	Chief Casualty	Profile
Frieder Knupling	Chief Health	Profile
Marc Philippe	Chief Officer	Profile
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