SOS Correlations

Stocks . Germany . 
Stock . SOS LTD A
2C3 Stock  EUR 6.55  0.05  0.76%   
The current 90-days correlation between SOS LTD A and Apple Inc is 0.06 (i.e., Significant diversification). The correlation of SOS 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.

SOS Correlation With Market

Significant diversification

The correlation between SOS LTD A and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SOS LTD A and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SOS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOS 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 SOS - 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 SOS LTD A to buy it.

Moving against SOS Stock

  0.44MSF MicrosoftPairCorr
  0.43MSF MicrosoftPairCorr
  0.43MSF MicrosoftPairCorr
  0.42MSF MicrosoftPairCorr
  0.41APC Apple IncPairCorr
  0.41APC Apple IncPairCorr
  0.41APC Apple IncPairCorr
  0.41APC Apple IncPairCorr
  0.41APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.452T9A TRAINLINE PLC LSPairCorr
  0.42MSF MicrosoftPairCorr
  0.390XHR Xenia Hotels ResortsPairCorr
  0.372CDA Controladora Vuela CompaaPairCorr
  0.31KOMA KOMATSU LTD SPONSPairCorr
  0.53VAI Vail ResortsPairCorr
  0.53BSI BE Semiconductor IndPairCorr
  0.42AZ5 AutoZonePairCorr
  0.4RC2 RCM TECHNOLOGIESPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SOS Stock performing well and SOS 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 SOS'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.26  0.20  0.76  0.89 
(0.99)
 1.81 
(1.75)
 4.97 
APC  0.85  0.25  0.18  0.78  0.98 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.86  0.26  0.21  1.37  0.84 
(0.95)
 2.06 
(1.76)
 4.50 
APC  0.93  0.26  0.17  0.70  1.04 
(0.99)
 2.22 
(1.83)
 6.45 
APC  0.95  0.27  0.23  0.74  0.74 
(1.11)
 2.83 
(1.69)
 5.24 
APC  0.84  0.26  0.20  0.64  1.00 
(0.95)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.10  0.06  0.29  1.25 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.05  0.09  0.05  0.19  1.38 
(1.17)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.10  0.05  0.27  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.92  0.09  0.05  0.28  1.33 
(1.00)
 2.04 
(1.49)
 8.79 

Be your own money manager

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