SEB SA Correlations

SEBYF Stock

USD 95.16 0.00 0.00%

The current 90-days correlation between SEB SA and Nexstar Broadcasting Group is 0.43 (i.e., Very weak diversification). The correlation of SEB SA 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.

SEB SA Correlation With Market

Good diversification

The correlation between SEB SA and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEB SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SEB Pink Sheet

0.65

SERV

Serve Robotics Common

Pair Corr

Moving against SEB Pink Sheet

0.72	TPX	Tempur Sealy Interna	Pair Corr
0.6	QIHCF	Haier Smart Home	Pair Corr
0.31	WHR	Whirlpool	Pair Corr
0.6	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.52	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.51	MIST	Milestone Pharmaceuticals	Pair Corr
0.5	QUBT	Quantum Computing Trending	Pair Corr
0.46	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.44	SEZL	Sezzle Common Stock	Pair Corr
0.42	EBON	Ebang International Upward Rally	Pair Corr
0.4	APP	Applovin Corp	Pair Corr
0.39	OPTT	Ocean Power Technologies	Pair Corr
0.31	PRO	PROS Holdings	Pair Corr
0.55	ACHR	Archer Aviation Trending	Pair Corr
0.48	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.47	KD	Kyndryl Holdings	Pair Corr
0.38	MTDR	Matador Resources	Pair Corr
0.35	COIN	Coinbase Global	Pair Corr
0.34	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	VGAS	EDTK	NXST	MESA	APOG	UAL	BEDU
VGAS		-0.59	0.47	-0.51	0.68	0.64	-0.05	VGAS
EDTK	-0.59		-0.55	0.64	-0.71	-0.7	0.22	EDTK
NXST	0.47	-0.55		-0.5	0.47	0.5	-0.16	NXST
MESA	-0.51	0.64	-0.5		-0.68	-0.84	0.19	MESA
APOG	0.68	-0.71	0.47	-0.68		0.9	-0.18	APOG
UAL	0.64	-0.7	0.5	-0.84	0.9		-0.38	UAL
BEDU	-0.05	0.22	-0.16	0.19	-0.18	-0.38		BEDU
	VGAS	EDTK	NXST	MESA	APOG	UAL	BEDU

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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

UAL	+ 0.9	APOG
APOG	+ 0.68	VGAS
UAL	+ 0.64	VGAS
MESA	+ 0.64	EDTK
UAL	+ 0.5	NXST
NXST	+ 0.47	VGAS

High negative correlations

UAL	- 0.84	MESA
APOG	- 0.71	EDTK
UAL	- 0.7	EDTK
APOG	- 0.68	MESA
EDTK	- 0.59	VGAS
NXST	- 0.55	EDTK

Risk-Adjusted Indicators

There is a big difference between SEB Pink Sheet performing well and SEB SA 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 SEB SA'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
VGAS	2.62	0.22	0.06	0.37	2.82	(3.22)	7.07	(4.57)	25.46
EDTK	2.86	(0.10)	0.00	0.42	0.00	0.00	7.22	(5.45)	13.80
NXST	1.28	(0.11)	(0.04)	0.03	2.37	(1.37)	2.86	(2.57)	17.92
MESA	2.82	(0.20)	0.00	(0.38)	0.00	0.00	6.19	(6.38)	28.65
APOG	1.82	0.16	0.16	0.20	1.57	(2.22)	3.41	(2.93)	28.75
UAL	1.89	1.08	0.82	0.70	0.12	(2.50)	6.47	(1.63)	16.43
BEDU	2.49	(0.13)	0.00	0.76	0.00	0.00	5.38	(5.85)	13.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in SEB SA 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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