Singapore Technologies Correlations

SGGKF Stock

USD 5.39 0.75 16.16%

The current 90-days correlation between Singapore Technologies and Thales SA is -0.14 (i.e., Good diversification). The correlation of Singapore Technologies 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.

Singapore Technologies Correlation With Market

Very good diversification

The correlation between Singapore Technologies Enginee and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Singapore Technologies Enginee and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Singapore Pink Sheet

0.63	RTX	Raytheon Technologies	Pair Corr
0.74	RLLCF	Rolls Royce Holdings	Pair Corr
0.7	EADSF	Airbus Group SE	Pair Corr
0.65	EADSY	Airbus Group NV	Pair Corr
0.7	SAFRY	Safran SA	Pair Corr
0.85	PKX	POSCO Holdings	Pair Corr
0.86	BRK-A	Berkshire Hathaway	Pair Corr
0.86	BRK-B	Berkshire Hathaway	Pair Corr
0.85	NHNCF	NAVER Corp	Pair Corr
0.61	ANPMF	Andean Precious Metals	Pair Corr
0.74	GTN	Gray Television	Pair Corr
0.84	SUNFF	Sun Life Financial	Pair Corr
0.74	LNW	Light Wonder	Pair Corr
0.62	DTSQR	DT Cloud Star	Pair Corr
0.85	MPW	Medical Properties Trust Aggressive Push	Pair Corr
0.8	FINV	FinVolution Group	Pair Corr
0.61	ALHC	Alignment Healthcare LLC	Pair Corr

Moving against Singapore Pink Sheet

0.72	KB	KB Financial Group	Pair Corr
0.57	HYMTF	Hyundai Motor	Pair Corr
0.37	BA	Boeing	Pair Corr
0.53	ISPOW	Thayer Ventures Acqu	Pair Corr

Related Correlations Analysis

	THLEF	MTUAY	CNRD	SAFRF	EADSF	SAFRY	ERJ	BAESY	AIR
THLEF		0.74	0.0	0.87	0.86	0.88	0.94	0.99	0.12	THLEF
MTUAY	0.74		0.0	0.75	0.72	0.75	0.78	0.76	0.38	MTUAY
CNRD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CNRD
SAFRF	0.87	0.75	0.0		0.91	0.99	0.9	0.86	0.29	SAFRF
EADSF	0.86	0.72	0.0	0.91		0.92	0.89	0.83	0.27	EADSF
SAFRY	0.88	0.75	0.0	0.99	0.92		0.91	0.86	0.31	SAFRY
ERJ	0.94	0.78	0.0	0.9	0.89	0.91		0.94	0.25	ERJ
BAESY	0.99	0.76	0.0	0.86	0.83	0.86	0.94		0.09	BAESY
AIR	0.12	0.38	0.0	0.29	0.27	0.31	0.25	0.09		AIR
	THLEF	MTUAY	CNRD	SAFRF	EADSF	SAFRY	ERJ	BAESY	AIR

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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

BAESY	+ 0.99	THLEF
SAFRY	+ 0.99	SAFRF
ERJ	+ 0.94	THLEF
BAESY	+ 0.94	ERJ
SAFRY	+ 0.92	EADSF
EADSF	+ 0.91	SAFRF

High negative correlations

AIR	- 0.0	CNRD
BAESY	- 0.0	CNRD
ERJ	- 0.0	CNRD
SAFRY	- 0.0	CNRD
EADSF	- 0.0	CNRD
SAFRF	- 0.0	CNRD

Risk-Adjusted Indicators

There is a big difference between Singapore Pink Sheet performing well and Singapore Technologies 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 Singapore Technologies' 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
THLEF	2.48	1.02	0.40	(5.17)	1.13	(5.06)	5.53	(3.07)	32.69
MTUAY	1.75	0.16	0.05	0.11	2.72	(1.63)	3.63	(4.45)	13.12
CNRD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAFRF	1.50	0.33	0.17	0.46	1.80	(1.69)	3.68	(2.45)	13.71
EADSF	1.74	0.17	0.10	(1.73)	1.86	(2.09)	4.06	(2.84)	11.88
SAFRY	1.17	0.34	0.21	0.38	1.35	(1.29)	2.84	(2.73)	8.75
ERJ	1.97	0.44	0.20	3.82	1.91	(2.17)	5.43	(3.67)	21.75
BAESY	1.93	0.59	0.33	2.14	1.41	(2.28)	5.67	(2.79)	21.41
AIR	1.20	0.18	0.16	(1.25)	1.23	(1.28)	2.55	(2.33)	12.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Singapore Technologies 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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Singapore Technologies Corporate Management

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