Southland Holdings Correlations

SLND Stock

3.17 0.23 6.76%

The current 90-days correlation between Southland Holdings and Aegean Airlines SA is 0.02 (i.e., Significant diversification). The correlation of Southland Holdings 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.

Southland Holdings Correlation With Market

Modest diversification

The correlation between Southland Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southland Holdings 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 Southland Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Southland Stock refer to our How to Trade Southland Stock guide.

Moving against Southland Stock

0.65	VATE	Innovate Corp	Pair Corr
0.63	WLGS	Wang Lee Group,	Pair Corr
0.32	MTRX	Matrix Service	Pair Corr
0.56	G	Genpact Limited	Pair Corr
0.55	CR	Crane Company	Pair Corr
0.46	DE	Deere Company	Pair Corr
0.43	BBCP	Concrete Pumping Holdings	Pair Corr
0.43	CP	Canadian Pacific Railway	Pair Corr
0.34	EH	Ehang Holdings	Pair Corr

Related Correlations Analysis

	AGZNF	INBX	ELNX	TCRX	ATSG	SNDA	JBLU	TFX
AGZNF		0.18	0.0	-0.57	0.35	-0.02	-0.62	-0.61	AGZNF
INBX	0.18		0.0	0.5	-0.64	-0.52	0.28	0.04	INBX
ELNX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ELNX
TCRX	-0.57	0.5	0.0		-0.89	-0.48	0.75	0.74	TCRX
ATSG	0.35	-0.64	0.0	-0.89		0.49	-0.67	-0.56	ATSG
SNDA	-0.02	-0.52	0.0	-0.48	0.49		-0.31	-0.16	SNDA
JBLU	-0.62	0.28	0.0	0.75	-0.67	-0.31		0.73	JBLU
TFX	-0.61	0.04	0.0	0.74	-0.56	-0.16	0.73		TFX
	AGZNF	INBX	ELNX	TCRX	ATSG	SNDA	JBLU	TFX

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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

JBLU	+ 0.75	TCRX
TFX	+ 0.74	TCRX
TFX	+ 0.73	JBLU
TCRX	+ 0.5	INBX
SNDA	+ 0.49	ATSG
ATSG	+ 0.35	AGZNF

High negative correlations

ATSG	- 0.89	TCRX
JBLU	- 0.67	ATSG
ATSG	- 0.64	INBX
JBLU	- 0.62	AGZNF
TFX	- 0.61	AGZNF
TCRX	- 0.57	AGZNF

Risk-Adjusted Indicators

There is a big difference between Southland Stock performing well and Southland Holdings 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 Southland Holdings' 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
AGZNF	0.50	0.14	0.00	(0.54)	0.00	0.00	0.00	0.00	16.59
INBX	2.48	0.07	0.03	0.02	3.11	(2.67)	5.73	(5.63)	16.41
ELNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCRX	3.24	(0.72)	0.00	(6.30)	0.00	0.00	6.87	(7.17)	20.11
ATSG	0.10	0.02	0.65	0.46	0.00	(0.14)	0.36	(0.14)	0.73
SNDA	1.92	0.02	0.00	(0.05)	0.00	0.00	3.56	(3.93)	9.66
JBLU	3.20	(0.22)	0.00	(0.33)	0.00	0.00	4.19	(5.86)	29.90
TFX	1.51	(0.29)	0.00	(0.68)	0.00	0.00	2.59	(3.15)	24.93

Southland Holdings Corporate Executives

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

Cody Gallarda	Executive CFO	Profile
Rudolph Renda	CoCOO Projects	Profile
Walter Winn	EVP CoCOO	Profile

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