Sage Group Correlations
| SGE Stock | 1,290 15.50 1.19% |
The current 90-days correlation between Sage Group PLC and Samsung Electronics Co is -0.09 (i.e., Good diversification). The correlation of Sage Group 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.
Sage Group Correlation With Market
Significant diversification
The correlation between Sage Group PLC 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 Sage Group PLC and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sage Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sage Group 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 Sage Group - 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 Sage Group PLC to buy it.
Moving together with Sage Stock
| 0.84 | QED | Quadrise Plc | PairCorr |
| 0.61 | 70GD | 70GD | PairCorr |
| 0.9 | 0R3C | American Express | PairCorr |
| 0.86 | HSBA | HSBC Holdings PLC | PairCorr |
| 0.7 | BGEO | Bank of Georgia | PairCorr |
| 0.84 | 0N7I | Cairo Communication SpA | PairCorr |
| 0.69 | SMDS | DS Smith PLC | PairCorr |
| 0.87 | 0HPW | Broadridge Financial | PairCorr |
| 0.77 | 0I9F | Digital Realty Trust | PairCorr |
| 0.88 | GAW | Games Workshop Group | PairCorr |
| 0.87 | SSON | Smithson Investment Trust | PairCorr |
| 0.83 | GST | GSTechnologies | PairCorr |
| 0.74 | 0LAI | Summit Materials | PairCorr |
| 0.88 | MNKS | Monks Investment Trust | PairCorr |
| 0.79 | 0K2K | Molson Coors Beverage | PairCorr |
| 0.64 | 0HW4 | Charter Communications | PairCorr |
Moving against Sage Stock
| 0.86 | IMM | ImmuPharma PLC | PairCorr |
| 0.72 | IIG | Intuitive Investments | PairCorr |
| 0.64 | EMH | European Metals Holdings | PairCorr |
| 0.48 | CLC | Calculus VCT plc | PairCorr |
| 0.32 | OOA | Octopus Aim Vct | PairCorr |
| 0.4 | RIO | Rio Tinto PLC | 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 Sage Stock performing well and Sage Group 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 Sage Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMSD | 1.66 | (0.39) | 0.00 | 2.15 | 0.00 | 3.81 | 10.50 | |||
| SMSN | 1.74 | (0.34) | 0.00 | (15.77) | 0.00 | 3.19 | 13.39 | |||
| HYUD | 1.85 | (0.29) | 0.00 | (2.13) | 0.00 | 3.67 | 11.89 | |||
| TYT | 0.94 | 0.10 | 0.03 | 2.55 | 1.44 | 2.39 | 10.47 | |||
| RIGD | 0.94 | (0.33) | 0.00 | 1.72 | 0.00 | 1.51 | 6.39 | |||
| SBID | 1.11 | 0.03 | 0.01 | 0.16 | 1.27 | 2.44 | 8.15 | |||
| HSBK | 1.02 | 0.13 | 0.08 | 2.56 | 1.09 | 2.39 | 8.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sage Group 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.Did you try this?
Run Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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Sage Group Corporate Management
Elected by the shareholders, the Sage Group's board of directors comprises two types of representatives: Sage Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sage. The board's role is to monitor Sage Group's management team and ensure that shareholders' interests are well served. Sage Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sage Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Hickman | Managing America | Profile | |
| Walid AbuHadba | Chief Officer | Profile | |
| Aaron Harris | Chief Officer | Profile | |
| Victoria Bradin | General Secretary | Profile | |
| Catherine Keers | Chief Officer | Profile |