SEEK Correlations

SLD Stock

EUR 13.10 0.20 1.50%

The current 90-days correlation between SEEK Limited and CAL MAINE FOODS is -0.04 (i.e., Good diversification). The correlation of SEEK 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.

SEEK Correlation With Market

Weak diversification

The correlation between SEEK Limited and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEEK Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SEEK Stock

0.83	ABEA	Alphabet Class A	Pair Corr
0.82	ABEC	Alphabet	Pair Corr
0.76	ABEA	Alphabet Class A	Pair Corr
0.67	FB2A	Meta Platforms	Pair Corr
0.65	FB2A	Meta Platforms	Pair Corr
0.63	BAKA	Bankinter SA Earnings Call This Week	Pair Corr
0.58	DBPE	Xtrackers LevDAX	Pair Corr
0.5	BRH	Berkshire Hathaway	Pair Corr
0.49	NTO	Nintendo	Pair Corr
0.43	E908	Lyxor 1	Pair Corr
0.41	HY9H	SK hynix Earnings Call This Week	Pair Corr
0.39	CVU	United Breweries	Pair Corr

Related Correlations Analysis

	CM2	AS7	PL0	NY7	45P	PL8	CM2
CM2		-0.51	0.85	0.37	-0.6	-0.34	0.99	CM2
AS7	-0.51		-0.52	-0.48	0.47	0.32	-0.49	AS7
PL0	0.85	-0.52		0.24	-0.48	-0.61	0.84	PL0
NY7	0.37	-0.48	0.24		-0.5	0.19	0.37	NY7
45P	-0.6	0.47	-0.48	-0.5		0.04	-0.61	45P
PL8	-0.34	0.32	-0.61	0.19	0.04		-0.31	PL8
CM2	0.99	-0.49	0.84	0.37	-0.61	-0.31		CM2
	CM2	AS7	PL0	NY7	45P	PL8	CM2

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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

CM2	+ 0.99	CM2
PL0	+ 0.85	CM2
CM2	+ 0.84	PL0
45P	+ 0.47	AS7
NY7	+ 0.37	CM2
CM2	+ 0.37	NY7

High negative correlations

CM2	- 0.61	45P
PL8	- 0.61	PL0
45P	- 0.6	CM2
PL0	- 0.52	AS7
AS7	- 0.51	CM2
45P	- 0.5	NY7

Risk-Adjusted Indicators

There is a big difference between SEEK Stock performing well and SEEK 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 SEEK'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
CM2	1.54	0.46	0.22	4.61	1.60	(1.67)	3.50	(2.78)	9.51
AS7	1.90	(0.24)	0.00	(1.98)	0.00	0.00	3.94	(3.91)	13.60
PL0	2.02	0.82	0.42	7.09	1.13	(2.73)	3.90	(3.17)	32.59
NY7	1.04	0.12	0.08	0.69	1.17	(1.16)	2.22	(2.21)	12.16
45P	2.81	(0.02)	(0.01)	(0.01)	3.70	(4.03)	5.80	(6.57)	25.64
PL8	0.74	(0.02)	0.00	(0.16)	0.00	0.00	1.54	(1.51)	4.09
CM2	1.81	0.50	0.24	3.51	1.65	(2.28)	5.09	(2.94)	12.94

Be your own money manager

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

Elected by the shareholders, the SEEK's board of directors comprises two types of representatives: SEEK inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SEEK. The board's role is to monitor SEEK's management team and ensure that shareholders' interests are well served. SEEK's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SEEK's outside directors are responsible for providing unbiased perspectives on the board's policies.

LLB BA	CEO MD	Profile
Katherine Koch	Chief Officer	Profile
Damien Wodak	Managing Management	Profile
Simon Lusted	Product Strategy	Profile
Andrew Bassat	CoFounder Director	Profile
Ronnie Fink	Managing Devel	Profile
Kendra Banks	Managing Zealand	Profile

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