SSI Correlations

Stocks . Philippines . 
Stock . SSI Group
SSI Stock   3.01  0.01  0.33%   
The current 90-days correlation between SSI Group and SM Investments Corp is 0.21 (i.e., Modest diversification). The correlation of SSI 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.

SSI Correlation With Market

Good diversification

The correlation between SSI Group and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSI Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SSI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSI 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 SSI - 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 SSI Group to buy it.

Moving together with SSI Stock

  0.78SM SM Investments CorpPairCorr
  0.76ALI Ayala LandPairCorr
  0.69BDO BDO UnibankPairCorr
  0.77TEL PLDT IncPairCorr
  0.77AEV Aboitiz Equity VenturesPairCorr

Moving against SSI Stock

  0.68CNPF Century Pacific FoodPairCorr
  0.68RFM RFM CorpPairCorr
  0.46MER Manila ElectricPairCorr
  0.46ABG Asiabest Group InterPairCorr
  0.36VREIT VistaREITPairCorr
  0.33MRSGI Metro Retail StoresPairCorr

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   
LOTO
+ 0.93
RRHI
RRHI
+ 0.91
SM
LOTO
+ 0.9
SM
RCB
+ 0.77
RRHI
LOTO
+ 0.76
RCB
RCB
+ 0.7
SM
  
High negative correlations   
SLF
- 0.78
LOTO
SLF
- 0.75
RCB
SLF
- 0.73
RRHI
LOTO
- 0.7
MWP2B
SLF
- 0.67
SM
MWP2B
- 0.63
SM

Risk-Adjusted Indicators

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

SSI Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SSI stock to make a market-neutral strategy. Peer analysis of SSI could also be used in its relative valuation, which is a method of valuing SSI by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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