SES SA Correlations

SGBAF Stock

USD 3.44 0.03 0.88%

The current 90-days correlation between SES SA and E W Scripps is -0.14 (i.e., Good diversification). The correlation of SES 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.

SES SA Correlation With Market

Good diversification

The correlation between SES SA and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SES SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SES 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 SES 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 SES 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 SES SA to buy it.

Moving together with SES Pink Sheet

0.78	RGLXY	RTL Group SA	Pair Corr
0.8	ITVPY	ITV PLC ADR	Pair Corr
0.65	NNMTF	Nine Entertainment	Pair Corr
0.62	LNDNF	Lundin Energy AB	Pair Corr
0.65	BKLRF	Berkeley Energy	Pair Corr

Moving against SES Pink Sheet

0.87	TGNA	Tegna Inc	Pair Corr
0.85	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.84	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.8	BMYMP	Bristol Myers Squibb	Pair Corr
0.75	DDD	3D Systems	Pair Corr
0.75	STR	Sitio Royalties Corp	Pair Corr
0.73	FDS	FactSet Research Systems	Pair Corr
0.54	AUR	Aurora Innovation Sell-off Trend	Pair Corr
0.43	CIADY	China Mengniu Dairy	Pair Corr
0.4	LSXMB	Liberty Media	Pair Corr
0.33	GARPF	Golden Agri Resources	Pair Corr
0.31	GMNFF	GobiMin	Pair Corr

Related Correlations Analysis

	SSP	GTN-A	TGNA	IHRT	CMLS	CURI	GTN	LSXMA
SSP		0.23	0.16	0.17	-0.05	0.76	0.76	-0.07	SSP
GTN-A	0.23		-0.23	-0.17	0.17	0.23	0.22	-0.47	GTN-A
TGNA	0.16	-0.23		0.86	-0.93	0.14	-0.16	0.59	TGNA
IHRT	0.17	-0.17	0.86		-0.86	-0.02	-0.25	0.62	IHRT
CMLS	-0.05	0.17	-0.93	-0.86		-0.07	0.25	-0.51	CMLS
CURI	0.76	0.23	0.14	-0.02	-0.07		0.78	-0.14	CURI
GTN	0.76	0.22	-0.16	-0.25	0.25	0.78		-0.2	GTN
LSXMA	-0.07	-0.47	0.59	0.62	-0.51	-0.14	-0.2		LSXMA
	SSP	GTN-A	TGNA	IHRT	CMLS	CURI	GTN	LSXMA

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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

IHRT	+ 0.86	TGNA
GTN	+ 0.78	CURI
CURI	+ 0.76	SSP
GTN	+ 0.76	SSP
LSXMA	+ 0.62	IHRT
LSXMA	+ 0.59	TGNA

High negative correlations

CMLS	- 0.93	TGNA
CMLS	- 0.86	IHRT
LSXMA	- 0.51	CMLS
LSXMA	- 0.47	GTN-A
GTN	- 0.25	IHRT
TGNA	- 0.23	GTN-A

Risk-Adjusted Indicators

There is a big difference between SES Pink Sheet performing well and SES 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 SES 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
SSP	4.84	(0.12)	0.01	0.09	7.83	(4.95)	10.66	(7.25)	59.20
GTN-A	4.18	0.32	0.01	(0.14)	6.12	(5.11)	9.09	(8.30)	45.90
TGNA	1.49	0.26	0.22	0.28	1.19	(1.70)	2.77	(2.54)	14.75
IHRT	4.76	0.84	0.14	(4.44)	4.17	(6.00)	12.35	(6.91)	30.98
CMLS	3.12	(1.07)	0.00	(23.84)	0.00	0.00	5.51	(6.58)	26.58
CURI	4.16	0.49	0.07	0.66	5.83	(5.35)	13.72	(6.56)	50.84
GTN	2.58	(0.32)	0.00	(0.12)	0.00	0.00	4.67	(4.44)	36.50
LSXMA	1.45	0.06	(0.02)	0.46	1.81	(1.46)	2.87	(2.99)	6.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in SES 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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SES SA Corporate Management

Evie Roos	Executive VP of HR	Profile
Christine Leurquin	VP Communications	Profile
Sandeep Jalan	Chief Officer	Profile
Elias Zaccack	VP Americas	Profile
Deepak Mathur	AsiaPacific Commercial	Profile
Richard Whiteing	Investor Relations Contact Officer	Profile

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