Samsonite International Correlations

SMSEY Stock

USD 13.12 0.54 4.29%

The current 90-days correlation between Samsonite International and Asics Corp ADR is 0.25 (i.e., Modest diversification). The correlation of Samsonite International 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.

Samsonite International Correlation With Market

Significant diversification

The correlation between Samsonite International SA and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samsonite International SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Samsonite Pink Sheet

0.64

ADDYY

Adidas AG ADR

Pair Corr

Moving against Samsonite Pink Sheet

0.42	PUMSY	PUMA SE Potential Growth	Pair Corr
0.39	PMMAF	Puma SE	Pair Corr
0.41	LINK	Interlink Electronics Upward Rally	Pair Corr

Related Correlations Analysis

	ASCCY	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI
ASCCY		0.24	0.55	0.64	0.1	-0.27	0.61	0.58	0.66	ASCCY
AREBW	0.24		0.32	0.38	-0.43	-0.47	0.31	0.21	0.37	AREBW
AREB	0.55	0.32		0.54	-0.42	-0.58	0.58	0.25	0.61	AREB
CROX	0.64	0.38	0.54		-0.43	-0.7	0.69	0.64	0.88	CROX
ONON	0.1	-0.43	-0.42	-0.43		0.86	-0.33	-0.01	-0.33	ONON
DECK	-0.27	-0.47	-0.58	-0.7	0.86		-0.5	-0.28	-0.57	DECK
SKX	0.61	0.31	0.58	0.69	-0.33	-0.5		0.31	0.7	SKX
SHOO	0.58	0.21	0.25	0.64	-0.01	-0.28	0.31		0.63	SHOO
DBI	0.66	0.37	0.61	0.88	-0.33	-0.57	0.7	0.63		DBI
	ASCCY	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI

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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

DBI	+ 0.88	CROX
DECK	+ 0.86	ONON
DBI	+ 0.7	SKX
SKX	+ 0.69	CROX
DBI	+ 0.66	ASCCY
CROX	+ 0.64	ASCCY

High negative correlations

DECK	- 0.7	CROX
DECK	- 0.58	AREB
DBI	- 0.57	DECK
SKX	- 0.5	DECK
DECK	- 0.47	AREBW
ONON	- 0.43	CROX

Risk-Adjusted Indicators

There is a big difference between Samsonite Pink Sheet performing well and Samsonite International 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 Samsonite International'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
ASCCY	1.76	0.05	0.01	0.18	2.01	(1.90)	4.47	(3.87)	11.89
AREBW	14.00	1.59	0.10	0.84	13.64	(22.80)	39.42	(25.33)	88.64
AREB	5.56	(0.84)	0.00	(0.15)	0.00	0.00	12.05	(10.00)	112.50
CROX	2.00	(0.52)	0.00	(0.46)	0.00	0.00	3.27	(4.25)	24.38
ONON	1.73	0.22	0.12	0.46	1.41	(2.20)	4.56	(2.63)	9.28
DECK	1.73	0.18	0.08	0.28	1.93	(1.87)	3.99	(3.72)	15.66
SKX	1.56	(0.18)	0.00	(0.30)	0.00	0.00	3.29	(3.41)	11.05
SHOO	1.34	(0.06)	(0.05)	0.04	1.68	(1.42)	2.96	(2.75)	8.41
DBI	3.23	(0.68)	0.00	(0.43)	0.00	0.00	7.16	(7.83)	24.50

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

John Livingston	VP, General Counsel and Joint Company Secretary	Profile
William Yue	Director Relations	Profile
William Morrison	Chief Officer	Profile
Juan Martnez	Pres America	Profile

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