SK Growth Correlations

SKGR Stock

USD 11.63 0.01 0.09%

The current 90-days correlation between SK Growth Opportunities and Thunder Bridge Capital is -0.07 (i.e., Good diversification). The correlation of SK Growth 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.

SK Growth Correlation With Market

Good diversification

The correlation between SK Growth Opportunities and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SK Growth Opportunities 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 SK Growth Opportunities. 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 SKGR Stock

0.76	V	Visa Class A	Pair Corr
0.89	MA	Mastercard	Pair Corr
0.9	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.73	TW	Tradeweb Markets	Pair Corr
0.85	ENVA	Enova International	Pair Corr
0.7	FDUS	Fidus Investment Corp	Pair Corr
0.68	FINV	FinVolution Group	Pair Corr
0.77	AGM	Federal Agricultural	Pair Corr
0.91	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	COF	Capital One Financial Sell-off Trend	Pair Corr
0.85	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.91	FRHC	Freedom Holding Corp	Pair Corr
0.61	NMR	Nomura Holdings ADR	Pair Corr
0.76	SLM	SLM Corp Sell-off Trend	Pair Corr
0.91	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.8	IREN	Iris Energy	Pair Corr
0.71	LRFC	Logan Ridge Finance	Pair Corr
0.94	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.65	OPRT	Oportun Financial Corp	Pair Corr
0.87	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.64	RWAY	Runway Growth Finance Normal Trading	Pair Corr
0.8	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.86	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Moving against SKGR Stock

0.79	FCFS	FirstCash	Pair Corr
0.78	WU	Western Union	Pair Corr
0.56	PT	Pintec Technology	Pair Corr
0.84	ORGN	Origin Materials	Pair Corr
0.79	GROW	US Global Investors	Pair Corr
0.76	MCVT	Mill City Ventures	Pair Corr
0.47	PFLT	PennantPark Floating Rate	Pair Corr

Related Correlations Analysis

	FORLU	WINV	THCP	ASCA	RCAC	PRLH	APNCW	AOAO	AVNY
FORLU		0.65	0.8	0.63	0.56	0.62	0.0	0.0	0.0	FORLU
WINV	0.65		0.74	0.53	0.51	0.5	0.0	0.0	0.0	WINV
THCP	0.8	0.74		0.71	0.67	0.62	0.0	0.0	0.0	THCP
ASCA	0.63	0.53	0.71		0.72	0.68	0.0	0.0	0.0	ASCA
RCAC	0.56	0.51	0.67	0.72		0.74	0.0	0.0	0.0	RCAC
PRLH	0.62	0.5	0.62	0.68	0.74		0.0	0.0	0.0	PRLH
APNCW	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	APNCW
AOAO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	AOAO
AVNY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		AVNY
	FORLU	WINV	THCP	ASCA	RCAC	PRLH	APNCW	AOAO	AVNY

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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

THCP	+ 0.8	FORLU
THCP	+ 0.74	WINV
PRLH	+ 0.74	RCAC
RCAC	+ 0.72	ASCA
ASCA	+ 0.71	THCP
PRLH	+ 0.68	ASCA

High negative correlations

AVNY	- 1.0	AOAO
AVNY	- 0.0	APNCW
AOAO	- 0.0	APNCW
AVNY	- 0.0	PRLH
AOAO	- 0.0	PRLH
APNCW	- 0.0	PRLH

Risk-Adjusted Indicators

There is a big difference between SKGR Stock performing well and SK Growth 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 SK Growth'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
FORLU	0.00	(0.01)	0.00	(5.75)	0.00	0.00	0.00	0.00	0.09
WINV	0.64	0.07	(0.01)	0.58	0.90	(1.84)	2.94	(2.61)	12.43
THCP	1.00	0.25	0.05	(8.58)	1.28	(2.29)	2.81	(0.95)	16.86
ASCA	0.13	0.00	(0.12)	0.20	0.19	(0.48)	0.38	(0.28)	2.67
RCAC	0.10	0.01	(0.33)	(0.25)	0.00	(0.20)	0.39	(0.29)	0.97
PRLH	0.18	0.08	0.00	(17.03)	0.00	0.00	0.36	(0.09)	1.52
APNCW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AOAO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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