Stelco Holdings Correlations
| STZHFDelisted Stock | USD 49.41 0.00 0.00% |
The current 90-days correlation between Stelco Holdings and Acerinox SA ADR is 0.13 (i.e., Average diversification). The correlation of Stelco Holdings 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.
Stelco Holdings Correlation With Market
Average diversification
The correlation between Stelco Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stelco Holdings and DJI in the same portfolio, assuming nothing else is changed.
Stelco |
The ability to find closely correlated positions to Stelco Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stelco Holdings 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 Stelco Holdings - 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 Stelco Holdings to buy it.
Moving together with Stelco Pink Sheet
| 0.61 | ATCOL | Atlas Corp | PairCorr |
| 0.73 | ASTSW | AST SpaceMobile | PairCorr |
| 0.61 | DMRC | Digimarc | PairCorr |
| 0.74 | TGTX | TG Therapeutics | PairCorr |
| 0.63 | PETS | PetMed Express | PairCorr |
| 0.65 | GM | General Motors Aggressive Push | PairCorr |
| 0.73 | BSIG | Brightsphere Investment | PairCorr |
| 0.75 | RELY | Remitly Global | PairCorr |
| 0.76 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.68 | BSGM | BioSig Technologies, | PairCorr |
Moving against Stelco Pink Sheet
| 0.75 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.72 | PBCRY | Bank Central Asia | PairCorr |
| 0.71 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.71 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.63 | GOEVW | Canoo Holdings | PairCorr |
| 0.57 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.56 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.52 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.5 | PBCRF | PT Bank Central | PairCorr |
| 0.33 | ADVWW | Advantage Solutions | PairCorr |
| 0.55 | SHG | Shinhan Financial | PairCorr |
| 0.42 | 251566AA3 | DT 3625 21 | PairCorr |
| 0.41 | WF | Woori Financial Group | PairCorr |
| 0.42 | BYDDY | BYD Co | PairCorr |
| 0.31 | GDSTW | Goldenstone Acquisition | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stelco Pink Sheet performing well and Stelco Holdings 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 Stelco Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMSYF | 0.68 | 0.25 | 0.00 | 2.64 | 0.00 | 1.99 | 15.16 | |||
| ANIOY | 1.07 | (0.21) | 0.00 | (1.92) | 0.00 | 2.60 | 13.52 | |||
| APEMY | 1.73 | (0.03) | 0.00 | 0.11 | 0.00 | 5.00 | 20.25 | |||
| FEEXF | 6.53 | 1.75 | 0.14 | 183.91 | 5.82 | 27.14 | 73.92 | |||
| ASTLW | 3.59 | (0.14) | 0.00 | (0.04) | 0.00 | 6.40 | 30.04 | |||
| BLSFY | 2.00 | (0.02) | 0.00 | (0.06) | 0.00 | 4.32 | 23.52 | |||
| SZGPY | 2.16 | (0.03) | 0.00 | 0.03 | 3.16 | 7.36 | 39.35 | |||
| SIM | 1.80 | (0.03) | 0.00 | 0.21 | 0.00 | 5.02 | 16.16 | |||
| TX | 1.40 | (0.30) | 0.00 | 5.95 | 0.00 | 2.30 | 9.40 | |||
| CLF | 2.65 | (0.31) | 0.00 | (0.34) | 0.00 | 4.67 | 26.95 |
View Stelco Holdings Related Equities
| Risk & Return | Correlation |
Stelco Holdings Corporate Management
| Trevor Harris | VP Affairs | Profile | |
| Paul Scherzer | Chief Officer | Profile | |
| Sujit Sanyal | Chief Officer | Profile | |
| Paul Simon | Gen Sec | Profile | |
| Alan Kestenbaum | CEO Chairman | Profile | |
| Greg Anderson | VP Sales | Profile |
Still Interested in Stelco Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.