Sea Air Correlations
| SFI Stock | 29,600 150.00 0.51% |
The current 90-days correlation between Sea Air Freight and Southern Rubber Industry is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sea Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sea Air Freight moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sea Air Correlation With Market
Average diversification
The correlation between Sea Air Freight and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sea Air Freight and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sea Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sea Air 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 Sea Air - 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 Sea Air Freight to buy it.
Moving against Sea Stock
| 0.68 | DBC | Dabaco | PairCorr |
| 0.65 | TIP | Tin Nghia Industrial | PairCorr |
| 0.64 | FIT | FIT INVEST JSC | PairCorr |
| 0.64 | AAA | An Phat Plastic | PairCorr |
| 0.58 | NKG | Nam Kim Steel Split | PairCorr |
| 0.52 | LDG | LDG Investment JSC | PairCorr |
| 0.49 | L18 | Construction And Inv | PairCorr |
| 0.48 | PRE | PVI Reinsurance Corp | PairCorr |
| 0.46 | SMN | South Books Educational | PairCorr |
| 0.44 | APG | APG Securities Joint | PairCorr |
| 0.44 | VHM | Vinhomes JSC | PairCorr |
| 0.42 | ABS | Binhthuan Agriculture | PairCorr |
| 0.41 | ADS | Damsan JSC | PairCorr |
| 0.41 | TDG | TDG Global Investment | PairCorr |
| 0.33 | CTG | Vietnam JSCmmercial Bank | PairCorr |
| 0.74 | INN | Agriculture Printing and | PairCorr |
| 0.67 | GVR | Vietnam Rubber Group | PairCorr |
| 0.64 | CEO | CEO Group JSC | PairCorr |
| 0.6 | AGR | AgriBank Securities JSC | PairCorr |
| 0.56 | BTP | Ba Ria Thermal | PairCorr |
| 0.55 | PTC | Post and Telecommuni | PairCorr |
| 0.52 | FTS | FPT Securities JSC | PairCorr |
| 0.49 | SHS | SHS | PairCorr |
| 0.49 | DS3 | Riverway Management JSC | PairCorr |
| 0.49 | VNI | VN Index | PairCorr |
| 0.45 | NHH | Hanoi Plastics JSC | PairCorr |
Related Correlations Analysis
| -0.01 | -0.21 | 0.17 | -0.05 | 0.66 | CSM | ||
| -0.01 | 0.18 | 0.45 | -0.07 | 0.09 | PRE | ||
| -0.21 | 0.18 | -0.08 | 0.4 | 0.17 | BCF | ||
| 0.17 | 0.45 | -0.08 | -0.24 | -0.05 | GVR | ||
| -0.05 | -0.07 | 0.4 | -0.24 | 0.14 | PGN | ||
| 0.66 | 0.09 | 0.17 | -0.05 | 0.14 | DRC | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sea Stock performing well and Sea Air 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 Sea Air'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSM | 1.78 | 0.06 | 0.06 | 0.27 | 2.03 | 4.90 | 13.58 | |||
| PRE | 1.71 | 0.10 | 0.05 | 0.31 | 2.60 | 4.59 | 13.82 | |||
| BCF | 1.35 | 0.22 | 0.15 | 0.51 | 1.19 | 4.15 | 9.15 | |||
| GVR | 1.11 | 0.13 | 0.16 | (2.15) | 1.30 | 2.59 | 5.04 | |||
| PGN | 2.74 | (0.04) | 0.00 | (1.16) | 0.00 | 8.16 | 19.16 | |||
| DRC | 0.83 | (0.11) | 0.00 | (0.46) | 0.00 | 1.55 | 5.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sea Air 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?
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