Southcorp Capital Correlations

STHC Stock

USD 0.0002 0 93.33%

The current 90-days correlation between Southcorp Capital and Fangdd Network Group is -0.06 (i.e., Good diversification). The correlation of Southcorp Capital 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.

Southcorp Capital Correlation With Market

Average diversification

The correlation between Southcorp Capital and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southcorp Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Southcorp Pink Sheet

0.33	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.31	BFLY	Butterfly Network	Pair Corr

Related Correlations Analysis

	DUO	MDJH	LEJU	FRPH	MMI	MAYS	FLJ	NEN	KW	CBRE
DUO		0.18	0.02	-0.31	-0.43	0.0	0.12	-0.29	-0.19	-0.23	DUO
MDJH	0.18		-0.27	-0.83	-0.55	-0.06	-0.76	-0.42	-0.44	-0.85	MDJH
LEJU	0.02	-0.27		0.15	0.35	0.13	0.08	0.1	0.14	0.27	LEJU
FRPH	-0.31	-0.83	0.15		0.74	0.35	0.68	0.4	0.54	0.78	FRPH
MMI	-0.43	-0.55	0.35	0.74		0.32	0.32	0.45	0.6	0.69	MMI
MAYS	0.0	-0.06	0.13	0.35	0.32		0.2	-0.11	0.15	-0.13	MAYS
FLJ	0.12	-0.76	0.08	0.68	0.32	0.2		0.15	0.26	0.6	FLJ
NEN	-0.29	-0.42	0.1	0.4	0.45	-0.11	0.15		0.29	0.54	NEN
KW	-0.19	-0.44	0.14	0.54	0.6	0.15	0.26	0.29		0.6	KW
CBRE	-0.23	-0.85	0.27	0.78	0.69	-0.13	0.6	0.54	0.6		CBRE
	DUO	MDJH	LEJU	FRPH	MMI	MAYS	FLJ	NEN	KW	CBRE

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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

CBRE	+ 0.78	FRPH
MMI	+ 0.74	FRPH
CBRE	+ 0.69	MMI
FLJ	+ 0.68	FRPH
KW	+ 0.6	MMI
CBRE	+ 0.6	FLJ

High negative correlations

CBRE	- 0.85	MDJH
FRPH	- 0.83	MDJH
FLJ	- 0.76	MDJH
MMI	- 0.55	MDJH
KW	- 0.44	MDJH
MMI	- 0.43	DUO

Risk-Adjusted Indicators

There is a big difference between Southcorp Pink Sheet performing well and Southcorp Capital 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 Southcorp Capital'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
DUO	14.72	3.52	0.28	2.94	11.35	(21.40)	51.72	(23.50)	178.92
MDJH	6.47	(2.02)	0.00	(1.74)	0.00	0.00	8.47	(14.29)	94.18
LEJU	10.61	1.93	0.19	0.94	9.90	(14.55)	31.16	(20.64)	136.21
FRPH	0.95	0.07	0.05	0.20	0.95	(1.07)	2.19	(1.94)	4.84
MMI	1.27	0.00	0.01	0.12	1.34	(1.37)	3.98	(2.09)	7.80
MAYS	0.93	(0.02)	(0.04)	0.01	1.44	(2.38)	4.20	(3.62)	11.71
FLJ	11.96	3.73	0.27	9.54	10.45	(15.95)	34.52	(17.65)	272.59
NEN	1.32	0.24	0.07	1.58	1.46	(1.60)	3.70	(3.59)	12.12
KW	1.42	0.07	(0.02)	4.09	1.76	(1.54)	2.88	(2.85)	10.81
CBRE	1.19	0.24	0.11	1.78	1.08	(1.41)	2.42	(1.72)	12.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Southcorp Capital 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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