Seaport Entertainment Correlations

SEG Stock

33.86 1.25 3.83%

The current 90-days correlation between Seaport Entertainment and Duluth Holdings is -0.14 (i.e., Good diversification). The correlation of Seaport Entertainment 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.

Seaport Entertainment Correlation With Market

Modest diversification

The correlation between Seaport Entertainment Group 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 Seaport Entertainment Group 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 Seaport Entertainment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against Seaport Stock

0.45	LI	Li Auto Buyout Trend	Pair Corr
0.36	ZK	ZEEKR Intelligent	Pair Corr
0.59	NIO	Nio Class A	Pair Corr
0.45	NIU	Niu Technologies	Pair Corr
0.35	XPEV	Xpeng Inc	Pair Corr

Related Correlations Analysis

	ASR	AL	SILO	MESA	CEBUY	SHOO	DLTH
ASR		-0.32	-0.23	0.48	0.5	0.75	0.37	ASR
AL	-0.32		-0.21	-0.53	-0.86	-0.32	-0.19	AL
SILO	-0.23	-0.21		0.09	0.14	-0.21	-0.34	SILO
MESA	0.48	-0.53	0.09		0.6	0.35	0.1	MESA
CEBUY	0.5	-0.86	0.14	0.6		0.49	0.28	CEBUY
SHOO	0.75	-0.32	-0.21	0.35	0.49		0.42	SHOO
DLTH	0.37	-0.19	-0.34	0.1	0.28	0.42		DLTH
	ASR	AL	SILO	MESA	CEBUY	SHOO	DLTH

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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

SHOO	+ 0.75	ASR
CEBUY	+ 0.6	MESA
CEBUY	+ 0.5	ASR
SHOO	+ 0.49	CEBUY
MESA	+ 0.48	ASR
DLTH	+ 0.42	SHOO

High negative correlations

CEBUY	- 0.86	AL
MESA	- 0.53	AL
DLTH	- 0.34	SILO
SHOO	- 0.32	AL
AL	- 0.32	ASR
SILO	- 0.23	ASR

Risk-Adjusted Indicators

There is a big difference between Seaport Stock performing well and Seaport Entertainment 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 Seaport Entertainment'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
ASR	1.20	(0.13)	0.00	(0.19)	0.00	0.00	2.79	(2.80)	8.13
AL	1.28	(0.02)	0.04	0.11	1.38	(1.50)	3.00	(2.41)	6.71
SILO	3.81	(0.64)	0.00	5.21	0.00	0.00	6.31	(10.57)	23.28
MESA	2.69	(0.37)	0.00	(0.52)	0.00	0.00	4.60	(6.38)	28.65
CEBUY	0.42	(0.07)	0.00	0.18	0.00	0.00	0.00	0.00	13.95
SHOO	1.34	(0.11)	0.00	(0.03)	0.00	0.00	2.96	(2.75)	8.41
DLTH	2.64	0.12	0.05	0.23	2.63	(2.91)	4.96	(4.24)	24.31

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