Salvatore Ferragamo Correlations

SFRGY Stock

USD 3.66 0.18 4.69%

The current 90-days correlation between Salvatore Ferragamo SpA and Compagnie Financiere Richemont is 0.19 (i.e., Average diversification). The correlation of Salvatore Ferragamo 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.

Salvatore Ferragamo Correlation With Market

Good diversification

The correlation between Salvatore Ferragamo SpA and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salvatore Ferragamo SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Salvatore Pink Sheet

0.74	HESAY	Hermes International	Pair Corr
0.74	HESAF	Hermes International SCA	Pair Corr
0.69	SWGAY	Swatch Group AG	Pair Corr
0.77	CFRUY	Compagnie Financiere	Pair Corr
0.75	CFRHF	Compagnie Financière	Pair Corr
0.67	PPRUF	Kering SA	Pair Corr
0.67	PPRUY	Kering SA	Pair Corr
0.71	WM	Waste Management	Pair Corr

Moving against Salvatore Pink Sheet

0.5	GLE	Global Engine Group	Pair Corr
0.36	MSFT	Microsoft Aggressive Push	Pair Corr
0.34	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.32	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	CFRUY	SWGAY	CHDRY	PRDSY	BURBY	PPRUY	PRDSF	PPRUF	CHDRF
CFRUY		0.71	0.58	0.27	0.71	0.69	0.47	0.68	0.64	CFRUY
SWGAY	0.71		0.38	0.45	0.48	0.77	0.53	0.74	0.35	SWGAY
CHDRY	0.58	0.38		0.45	0.65	0.64	0.39	0.61	0.77	CHDRY
PRDSY	0.27	0.45	0.45		0.58	0.76	0.55	0.73	0.47	PRDSY
BURBY	0.71	0.48	0.65	0.58		0.75	0.43	0.72	0.71	BURBY
PPRUY	0.69	0.77	0.64	0.76	0.75		0.7	0.96	0.67	PPRUY
PRDSF	0.47	0.53	0.39	0.55	0.43	0.7		0.67	0.54	PRDSF
PPRUF	0.68	0.74	0.61	0.73	0.72	0.96	0.67		0.65	PPRUF
CHDRF	0.64	0.35	0.77	0.47	0.71	0.67	0.54	0.65		CHDRF
	CFRUY	SWGAY	CHDRY	PRDSY	BURBY	PPRUY	PRDSF	PPRUF	CHDRF

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Salvatore Pink Sheet performing well and Salvatore Ferragamo 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 Salvatore Ferragamo'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
CFRUY	1.53	0.29	0.13	0.58	1.84	(1.69)	2.31	(3.08)	21.84
SWGAY	1.39	0.00	0.00	0.02	1.75	(1.49)	3.03	(3.00)	8.49
CHDRY	2.60	0.03	0.01	0.15	3.08	(3.22)	5.92	(5.62)	17.08
PRDSY	2.51	(0.13)	0.00	0.19	0.00	0.00	4.51	(5.51)	15.70
BURBY	2.01	0.00	0.00	0.00	0.00	0.00	5.39	(3.97)	15.32
PPRUY	2.06	(0.19)	0.00	(0.52)	0.00	0.00	4.26	(4.22)	14.68
PRDSF	2.35	0.19	0.04	(0.16)	2.98	(4.28)	7.38	(7.76)	18.50
PPRUF	2.50	(0.20)	0.00	1.55	0.00	0.00	4.49	(5.41)	17.72
CHDRF	0.87	0.04	0.01	0.16	1.32	(2.94)	3.64	(2.75)	11.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Salvatore Ferragamo 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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