Sherborne Investors Correlations

SIGC Stock

44.90 0.20 0.44%

The current 90-days correlation between Sherborne Investors and Cairo Communication SpA is 0.22 (i.e., Modest diversification). The correlation of Sherborne Investors 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.

Sherborne Investors Correlation With Market

Good diversification

The correlation between Sherborne Investors Guernsey 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 Sherborne Investors Guernsey and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sherborne Stock

0.66

88E

88 Energy

Pair Corr

Moving against Sherborne Stock

0.89	SLP	Sylvania Platinum	Pair Corr
0.87	0A4J	AstraZeneca PLC ADR	Pair Corr
0.85	GACA	General Accident PLC	Pair Corr
0.83	0K9V	HAL Trust	Pair Corr
0.77	0LQQ	Vodafone Group PLC	Pair Corr
0.76	SANB	SANTANDER UK 8	Pair Corr
0.76	0R20	Santacruz Silver Mining	Pair Corr
0.74	NTEA	Northern Electric plc	Pair Corr
0.71	0HTG	Cardinal Health	Pair Corr
0.69	SHEL	Shell plc	Pair Corr
0.66	PANR	Pantheon Resources	Pair Corr
0.66	ASTO	Assetco Plc	Pair Corr
0.64	LLOY	Lloyds Banking Group	Pair Corr
0.64	0KII	SSAB AB ser	Pair Corr
0.59	SAL	SpaceandPeople Plc	Pair Corr
0.53	BBGI	BBGI SICAV SA	Pair Corr
0.48	FGEN	Foresight Environmental	Pair Corr

Related Correlations Analysis

	GAMA	SPT	0HI1	0N7I	0LJE	SUPR	0Q1S	0R9C
GAMA		-0.72	0.38	-0.7	-0.04	-0.62	-0.55	-0.63	GAMA
SPT	-0.72		-0.66	0.89	0.07	0.77	0.78	0.69	SPT
0HI1	0.38	-0.66		-0.77	-0.15	-0.78	-0.69	-0.23	0HI1
0N7I	-0.7	0.89	-0.77		0.31	0.9	0.91	0.59	0N7I
0LJE	-0.04	0.07	-0.15	0.31		0.2	0.39	0.05	0LJE
SUPR	-0.62	0.77	-0.78	0.9	0.2		0.85	0.48	SUPR
0Q1S	-0.55	0.78	-0.69	0.91	0.39	0.85		0.54	0Q1S
0R9C	-0.63	0.69	-0.23	0.59	0.05	0.48	0.54		0R9C
	GAMA	SPT	0HI1	0N7I	0LJE	SUPR	0Q1S	0R9C

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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

0Q1S	+ 0.91	0N7I
SUPR	+ 0.9	0N7I
0N7I	+ 0.89	SPT
0Q1S	+ 0.85	SUPR
0Q1S	+ 0.78	SPT
SUPR	+ 0.77	SPT

High negative correlations

SUPR	- 0.78	0HI1
0N7I	- 0.77	0HI1
SPT	- 0.72	GAMA
0N7I	- 0.7	GAMA
0Q1S	- 0.69	0HI1
0HI1	- 0.66	SPT

Risk-Adjusted Indicators

There is a big difference between Sherborne Stock performing well and Sherborne Investors 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 Sherborne Investors' 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
GAMA	1.18	(0.33)	0.00	3.33	0.00	0.00	1.96	(2.88)	5.42
SPT	0.47	0.09	0.27	2.29	0.33	(0.63)	1.73	(0.63)	3.69
0HI1	1.22	(0.12)	0.00	(0.34)	0.00	0.00	2.12	(3.12)	8.83
0N7I	0.84	0.19	0.28	(0.49)	0.54	(1.28)	2.09	(1.61)	9.14
0LJE	1.77	(0.03)	0.00	0.16	0.00	0.00	4.00	(3.67)	9.36
SUPR	1.07	0.20	0.24	(0.84)	0.92	(1.32)	2.91	(1.70)	6.69
0Q1S	1.20	0.16	0.10	(0.35)	1.96	(1.19)	2.39	(3.04)	15.84
0R9C	1.17	0.14	0.11	1.44	1.51	(1.31)	2.56	(1.74)	13.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sherborne Investors 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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