Sopra Steria Correlations

SOP Stock  EUR 167.40  0.90  0.54%   
The current 90-days correlation between Sopra Steria Group and Eramet SA is 0.32 (i.e., Weak diversification). The correlation of Sopra Steria 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.

Sopra Steria Correlation With Market

Significant diversification

The correlation between Sopra Steria Group 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 Sopra Steria Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sopra Steria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sopra Steria 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 Sopra Steria - 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 Sopra Steria Group to buy it.

Moving together with Sopra Stock

  0.67CAP Capgemini SEPairCorr
  0.73ATE Alten SAPairCorr
  0.64WAVE Wavestone SAPairCorr

Moving against Sopra Stock

  0.73ALMIB Amoeba SAPairCorr
  0.7ENX Euronext NVPairCorr
  0.68ALKKO Kko InternationalPairCorr
  0.64ALO Alstom SAPairCorr
  0.63MLPRX Parx Plastics NVPairCorr
  0.53AXW Axway SoftwarePairCorr
  0.52JCQ Jacquet Metal ServicePairCorr
  0.51ABCA ABC arbitrage SAPairCorr
  0.49TE Technip EnergiesPairCorr
  0.47SQI SQLI SAPairCorr
  0.38SCR SCOR SEPairCorr
  0.37PARRO ParrotPairCorr
  0.34AUB Aubay Socit AnonymePairCorr
  0.73RNO Renault SAPairCorr
  0.68AC Accor S APairCorr
  0.68AIR Airbus Group SEPairCorr
  0.67OVH OVH Groupe SASPairCorr
  0.63ALNEO Neotion SAPairCorr
  0.62MLCFD Compagnie de CheminsPairCorr
  0.61OPM OPmobility SEPairCorr
  0.59EL EssilorLuxottica SPairCorr
  0.54VK VallourecPairCorr
  0.53EC TotalEnergies EP GabonPairCorr
  0.47CDA Compagnie des AlpesPairCorr
  0.43IVA Inventiva SAPairCorr
  0.35RMS Hermes International SCAPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
ALTBGMAAT
SRICDALTBG
ERAPOXEL
POXELSOP
ERAMTU
SRICDMAAT
  
High negative correlations   
ALTBGPOXEL
SRICDPOXEL
POXELMAAT
ALTBGERA
ALTBGMTU
SRICDERA

Risk-Adjusted Indicators

There is a big difference between Sopra Stock performing well and Sopra Steria 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 Sopra Steria'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sopra Steria 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.

Did you try this?

Run Stock Tickers Now

   

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
All  Next Launch Module

Sopra Steria Corporate Management

Elected by the shareholders, the Sopra Steria's board of directors comprises two types of representatives: Sopra Steria inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sopra. The board's role is to monitor Sopra Steria's management team and ensure that shareholders' interests are well served. Sopra Steria'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, Sopra Steria's outside directors are responsible for providing unbiased perspectives on the board's policies.
Olivier PsaumeHead RelationsProfile
Richard WolffApplications SystemsProfile
Cyril MalargeGroup OfficerProfile
Laurent GiovachiniDefence StrategyProfile
Etienne VignauxChief OfficerProfile
Yvane BernardHulinLegal DirectorProfile
Pierre PasquierFounder ChairmanProfile