SIGNA Sports Correlations

Summary

SSUDelisted Stock

USD 2.73 0.06 2.15%

The correlation of SIGNA Sports 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.

SIGNA Sports Correlation With Market

Average diversification

The correlation between SIGNA Sports United and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIGNA Sports United and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with SIGNA Stock

0.67	TPDDF	Talon Energy	Pair Corr
0.66	IMHC	Imperalis Holding Corp	Pair Corr
0.67	EPGG	Empire Global Gaming	Pair Corr

Moving against SIGNA Stock

0.83	DMRC	Digimarc	Pair Corr
0.82	AS	Amer Sports,	Pair Corr
0.81	GLPPRB	Global Partners LP	Pair Corr
0.79	NBIX	Neurocrine Biosciences	Pair Corr
0.79	YPF	YPF Sociedad Anonima	Pair Corr
0.77	FNMFO	Federal National Mortgage	Pair Corr
0.75	PWOD	Penns Woods Bancorp	Pair Corr
0.72	HUT	Hut 8 Corp	Pair Corr
0.71	CNOBP	ConnectOne Bancorp	Pair Corr
0.71	SAPMF	Saipem SpA	Pair Corr
0.7	TGTX	TG Therapeutics	Pair Corr
0.68	YELP	Yelp Inc	Pair Corr
0.62	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.61	M	Macys Inc	Pair Corr
0.59	ESGLW	ESGL Holdings Limited	Pair Corr
0.59	THCPU	Thunder Bridge Capital	Pair Corr
0.59	784730AB9	US784730AB94	Pair Corr
0.35	GSTX	Graphene Solar Techn	Pair Corr
0.85	EVGR	Evergreen Corp	Pair Corr
0.8	XMTR	Xometry	Pair Corr
0.77	MAR	Marriott International	Pair Corr
0.75	RELY	Remitly Global	Pair Corr
0.7	ROIC	Retail Opportunity	Pair Corr
0.69	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.64	ZION	Zions Bancorporation Normal Trading	Pair Corr
0.63	PETS	PetMed Express	Pair Corr
0.63	OBYCF	Obayashi	Pair Corr
0.63	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.78	-0.54	-0.35	0.46	0.32	0.57	0.27	-0.16	-0.51	META
MSFT	0.78		-0.65	-0.25	0.55	0.07	0.61	0.38	-0.21	-0.76	MSFT
UBER	-0.54	-0.65		0.41	-0.73	0.18	-0.78	-0.55	0.61	0.73	UBER
F	-0.35	-0.25	0.41		0.06	-0.25	-0.01	0.27	-0.1	0.6	F
T	0.46	0.55	-0.73	0.06		-0.34	0.87	0.84	-0.69	-0.42	T
A	0.32	0.07	0.18	-0.25	-0.34		-0.32	-0.51	0.7	0.12	A
CRM	0.57	0.61	-0.78	-0.01	0.87	-0.32		0.88	-0.78	-0.48	CRM
JPM	0.27	0.38	-0.55	0.27	0.84	-0.51	0.88		-0.84	-0.25	JPM
MRK	-0.16	-0.21	0.61	-0.1	-0.69	0.7	-0.78	-0.84		0.27	MRK
XOM	-0.51	-0.76	0.73	0.6	-0.42	0.12	-0.48	-0.25	0.27		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.88	CRM
CRM	+ 0.87	T
JPM	+ 0.84	T
MSFT	+ 0.78	META
XOM	+ 0.73	UBER
MRK	+ 0.7	A

High negative correlations

MRK	- 0.84	JPM
MRK	- 0.78	CRM
CRM	- 0.78	UBER
XOM	- 0.76	MSFT
T	- 0.73	UBER
MRK	- 0.69	T

Risk-Adjusted Indicators

There is a big difference between SIGNA Stock performing well and SIGNA Sports 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 SIGNA Sports' 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
META	1.21	0.10	0.04	0.53	1.42	(1.36)	2.62	(3.15)	7.43
MSFT	0.85	0.04	(0.01)	(0.14)	1.60	(0.78)	1.78	(2.23)	8.14
UBER	1.65	(0.33)	0.00	(1.77)	0.00	0.00	2.53	(5.35)	20.41
F	1.45	(0.12)	0.00	(0.17)	0.00	0.00	2.53	(2.90)	11.21
T	0.95	0.10	0.05	0.42	1.12	(0.98)	1.93	(1.99)	7.95
A	1.23	(0.06)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.46	0.37	0.20	90.15	1.31	(1.65)	3.18	(2.88)	14.80
JPM	1.06	0.23	0.14	(2.23)	1.11	(1.26)	1.99	(1.44)	15.87
MRK	0.97	(0.21)	0.00	(0.96)	0.00	0.00	1.72	(2.17)	5.17
XOM	0.87	(0.14)	0.00	(0.95)	0.00	0.00	1.83	(2.14)	6.06

SIGNA Sports 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 SIGNA Sports stock to make a market-neutral strategy. Peer analysis of SIGNA Sports could also be used in its relative valuation, which is a method of valuing SIGNA Sports by comparing valuation metrics with similar companies.

Franchise Group Sally Beauty Holdings National Vision Holdings Polished MarineMax Caseys General Stores Leslies 1 800 FLOWERSCOM ODP Corp Sportsmans American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

SIGNA Sports Corporate Management

Justine Powell	Group Officer	Profile
Stephan Zoll	Group Director	Profile
Christian Miele	Founder MD	Profile
Sascha Beyer	Managing Director	Profile
Thomas Neumann	Group Officer	Profile
Olivier Rochon	Founder MD	Profile
Dorit Schindler	Group Officer	Profile

Still Interested in SIGNA Sports United?

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