SBC Medical Correlations

SBCWW Stock

0.33 0.01 2.94%

The current 90-days correlation between SBC Medical Group and Barnes Group is 0.17 (i.e., Average diversification). The correlation of SBC Medical 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.

SBC Medical Correlation With Market

Good diversification

The correlation between SBC Medical Group and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBC Medical Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SBC Stock

0.63	GXXM	Gex Management	Pair Corr
0.62	DY	Dycom Industries	Pair Corr
0.34	CP	Canadian Pacific Railway	Pair Corr
0.76	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.57	GP	GreenPower Motor	Pair Corr
0.54	FA	First Advantage Corp	Pair Corr
0.49	HY	Hyster Yale Materials	Pair Corr
0.49	SB	Safe Bulkers	Pair Corr
0.43	OP	Oceanpal	Pair Corr
0.42	MG	Mistras Group	Pair Corr
0.35	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.33	UP	Wheels Up Experience	Pair Corr

Related Correlations Analysis

	B	G	J	R	AL	AP	AZ	BA	BE
B		0.45	0.91	0.68	0.49	-0.43	0.79	-0.55	0.37	B
G	0.45		0.44	0.89	0.9	-0.17	0.75	-0.53	0.85	G
J	0.91	0.44		0.65	0.44	-0.32	0.75	-0.56	0.23	J
R	0.68	0.89	0.65		0.92	-0.15	0.82	-0.62	0.76	R
AL	0.49	0.9	0.44	0.92		-0.01	0.79	-0.46	0.85	AL
AP	-0.43	-0.17	-0.32	-0.15	-0.01		-0.33	0.31	-0.19	AP
AZ	0.79	0.75	0.75	0.82	0.79	-0.33		-0.6	0.67	AZ
BA	-0.55	-0.53	-0.56	-0.62	-0.46	0.31	-0.6		-0.34	BA
BE	0.37	0.85	0.23	0.76	0.85	-0.19	0.67	-0.34		BE
	B	G	J	R	AL	AP	AZ	BA	BE

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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

AL	+ 0.92	R
J	+ 0.91	B
AL	+ 0.9	G
R	+ 0.89	G
BE	+ 0.85	G
BE	+ 0.85	AL

High negative correlations

BA	- 0.62	R
BA	- 0.6	AZ
BA	- 0.56	J
BA	- 0.55	B
BA	- 0.53	G
BA	- 0.46	AL

Risk-Adjusted Indicators

There is a big difference between SBC Stock performing well and SBC Medical 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 SBC Medical'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
B	1.08	0.15	0.07	0.36	1.06	(1.21)	2.72	(2.10)	13.24
G	0.99	0.16	0.14	0.30	0.82	(1.15)	2.64	(1.63)	11.64
J	1.10	0.04	0.03	0.15	1.61	(1.11)	2.41	(1.97)	9.97
R	1.43	0.10	0.11	0.17	1.48	(1.53)	3.32	(2.64)	7.72
AL	1.26	(0.02)	0.03	0.10	1.37	(1.47)	3.00	(2.41)	6.70
AP	3.42	0.21	0.05	0.34	3.81	(3.97)	8.67	(7.07)	19.21
AZ	5.65	2.32	0.49	1.60	3.77	(7.23)	15.58	(7.28)	44.37
BA	1.74	(0.18)	0.00	(0.32)	0.00	0.00	3.11	(3.41)	8.18
BE	4.41	1.51	0.39	9.53	2.83	(5.88)	7.90	(4.95)	62.65

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