SEAS Old Correlations

Summary

SEASDelisted Stock

USD 53.81 1.30 2.48%

The current 90-days correlation between SEAS Old and Six Flags Entertainment is -0.04 (i.e., Good diversification). The correlation of SEAS Old 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.

SEAS Old Correlation With Market

Modest diversification

The correlation between SEAS Old and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEAS Old and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SEAS Stock

0.67

ATT Inc Earnings Call Today

Pair Corr

Moving against SEAS Stock

0.31

GE Aerospace Fiscal Year End 28th of January 2025

Pair Corr

Related Correlations Analysis

	SIX	JAKK	OSW	CLAR	FUN	PLNT	MSGE	MAT	ESCA	AOUT
SIX		-0.11	0.29	0.23	0.26	0.54	-0.45	-0.56	0.25	0.74	SIX
JAKK	-0.11		0.25	0.29	0.3	0.13	-0.01	0.5	0.32	-0.16	JAKK
OSW	0.29	0.25		0.67	0.89	0.85	-0.8	-0.26	0.75	0.63	OSW
CLAR	0.23	0.29	0.67		0.5	0.5	-0.4	0.09	0.77	0.51	CLAR
FUN	0.26	0.3	0.89	0.5		0.83	-0.82	-0.32	0.65	0.57	FUN
PLNT	0.54	0.13	0.85	0.5	0.83		-0.88	-0.45	0.69	0.67	PLNT
MSGE	-0.45	-0.01	-0.8	-0.4	-0.82	-0.88		0.51	-0.48	-0.73	MSGE
MAT	-0.56	0.5	-0.26	0.09	-0.32	-0.45	0.51		-0.02	-0.53	MAT
ESCA	0.25	0.32	0.75	0.77	0.65	0.69	-0.48	-0.02		0.39	ESCA
AOUT	0.74	-0.16	0.63	0.51	0.57	0.67	-0.73	-0.53	0.39		AOUT
	SIX	JAKK	OSW	CLAR	FUN	PLNT	MSGE	MAT	ESCA	AOUT

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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

FUN	+ 0.89	OSW
PLNT	+ 0.85	OSW
PLNT	+ 0.83	FUN
ESCA	+ 0.77	CLAR
ESCA	+ 0.75	OSW
AOUT	+ 0.74	SIX

High negative correlations

MSGE	- 0.88	PLNT
MSGE	- 0.82	FUN
MSGE	- 0.8	OSW
AOUT	- 0.73	MSGE
MAT	- 0.56	SIX
AOUT	- 0.53	MAT

Risk-Adjusted Indicators

There is a big difference between SEAS Stock performing well and SEAS Old 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 SEAS Old'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
SIX	1.85	0.40	0.21	14.58	1.59	(2.30)	5.80	(3.33)	10.72
JAKK	1.85	0.15	0.05	(1.26)	2.11	(2.00)	3.68	(3.72)	20.03
OSW	1.25	0.27	0.14	0.62	1.32	(1.45)	3.26	(2.70)	9.31
CLAR	2.14	0.13	0.04	0.28	2.93	(2.17)	4.35	(5.60)	18.59
FUN	1.55	0.23	0.12	1.34	1.53	(1.78)	4.52	(2.65)	10.63
PLNT	1.41	0.37	0.23	1.36	1.21	(1.62)	3.05	(2.05)	15.55
MSGE	1.43	(0.27)	0.00	(0.77)	0.00	0.00	2.49	(3.21)	13.38
MAT	1.39	(0.07)	0.00	1.33	0.00	0.00	3.09	(2.73)	11.42
ESCA	1.99	0.21	0.06	0.33	2.80	(1.83)	4.95	(4.55)	15.09
AOUT	2.31	0.96	0.36	1.77	1.92	(2.80)	8.39	(3.59)	25.23

Delisting Warning - SEAS

SEAS Old was delisted

The entity SEAS Old with a symbol SEAS was delisted from NASDAQ Exchange. Please try United Parks Resorts with a symbol PRKS from now on. Check all delisted instruments accross multiple markets.

Still Interested in SEAS Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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