Sanlam Correlations

SLLDY Stock  USD 9.26  0.39  4.04%   
The current 90-days correlation between Sanlam Ltd PK and CNO Financial Group is 0.33 (i.e., Weak diversification). The correlation of Sanlam 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.

Sanlam Correlation With Market

Average diversification

The correlation between Sanlam Ltd PK and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanlam Ltd PK and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sanlam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sanlam 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 Sanlam - 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 Sanlam Ltd PK to buy it.

Moving together with Sanlam Pink Sheet

  0.62PNGAY Ping An InsurancePairCorr
  0.63PIAIF Ping An InsurancePairCorr
  0.73AAGIY AIA GroupPairCorr
  0.61AAIGF AIA GroupPairCorr
  0.61STM STMicroelectronics NV ADRPairCorr

Moving against Sanlam Pink Sheet

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  0.66NITO N2OFF Inc Symbol ChangePairCorr
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  0.55RM Regional Management CorpPairCorr
  0.53USEG US Energy CorpPairCorr
  0.45GPI Group 1 AutomotivePairCorr
  0.31DLO DlocalPairCorr
  0.76NTRP NextTrip Symbol ChangePairCorr
  0.72CYMHF Cymat TechnologiesPairCorr
  0.7TPET Trio Petroleum CorpPairCorr
  0.65RDGL Vivos IncPairCorr
  0.47FUJHY Subaru Corp ADRPairCorr
  0.44KPLTW Katapult Holdings EquityPairCorr
  0.44META Meta PlatformsPairCorr
  0.36ATRC AtriCurePairCorr
  0.35MITUF Mitsui ChemicalsPairCorr

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   
PUKCNO
PUKPNGAY
AAGIYPNGAY
PIAIFAAGIY
PIAIFPNGAY
PIAIFGNW
  
High negative correlations   
MET-PAGNW
PIAIFMET-PA
AAGIYMET-PA
PIAIFMDWT
AAGIYMDWT
PUKMDWT

Risk-Adjusted Indicators

There is a big difference between Sanlam Pink Sheet performing well and Sanlam 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 Sanlam'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PNGAY  1.58  0.03  0.02  0.13  2.02 
 2.92 
 15.25 
CNO  0.98  0.11  0.08  0.10  1.35 
 2.11 
 6.02 
GNW  1.10 (0.12) 0.00 (0.16) 0.00 
 1.97 
 11.06 
AEL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MET-PA  0.27  0.10  0.42  0.60  0.00 
 0.53 
 2.87 
NWLI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MDWT  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PUK  1.43  0.22  0.13  0.41  1.67 
 2.76 
 9.18 
AAGIY  1.18  0.08  0.07  0.43  1.26 
 2.31 
 7.58 
PIAIF  2.51  0.36  0.06  1.42  3.28 
 8.57 
 32.63 

Be your own money manager

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