Safe Correlations

Stocks . USA . 
Stock . Safe and Green
SGD Stock   1.36  0.01  0.74%   
The current 90-days correlation between Safe and Green and Apogee Therapeutics, Common is -0.06 (i.e., Good diversification). The correlation of Safe 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.

Safe Correlation With Market

Significant diversification

The correlation between Safe and Green and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safe and Green 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 Safe and Green. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Safe Stock

  0.71EXPI eXp World HoldingsPairCorr
  0.82PK Park Hotels ResortsPairCorr
  0.72PW Power REIT Earnings Call This WeekPairCorr
  0.75WETH Wetouch Technology CommonPairCorr
  0.8ESBA Empire State RealtyPairCorr

Moving against Safe Stock

  0.91FR First Industrial RealtyPairCorr
  0.9AHT-PH Ashford Hospitality TrustPairCorr
  0.9AHT-PF Ashford Hospitality TrustPairCorr
  0.89AHT-PD Ashford Hospitality TrustPairCorr
  0.89AHT-PG Ashford Hospitality TrustPairCorr
  0.88DX Dynex CapitalPairCorr
  0.88AHT-PI Ashford Hospitality TrustPairCorr
  0.81O Realty IncomePairCorr
  0.78MITT-PA AG Mortgage InvestmentPairCorr
  0.77MITT-PB AG Mortgage InvestmentPairCorr
  0.74VICI VICI PropertiesPairCorr
  0.69WY WeyerhaeuserPairCorr
  0.55VNO-PL Vornado Realty TrustPairCorr
  0.48VNO-PM Vornado Realty TrustPairCorr
  0.45DOUG Douglas EllimanPairCorr
  0.92WELL WelltowerPairCorr
  0.9MITT-PC AG Mortgage InvestmentPairCorr
  0.82CDR-PB Cedar Realty TrustPairCorr
  0.8FBRT Franklin BSP RealtyPairCorr
  0.79ACR Acres Commercial RealtyPairCorr
  0.74AIV Apartment Investment andPairCorr
  0.72CDR-PC Cedar Realty TrustPairCorr
  0.69ELME Elme CommunitiesPairCorr
  0.69ADC Agree RealtyPairCorr

Related Correlations Analysis

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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   
NEOG
+ 0.76
APGE
NEOG
+ 0.53
AMP
AMP
+ 0.17
APGE
  
High negative correlations   
TAP
- 0.39
NEOG
TAP
- 0.37
AMP
TAP
- 0.28
APGE

Risk-Adjusted Indicators

There is a big difference between Safe Stock performing well and Safe 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 Safe'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.

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