SGS SA Correlations
| SGSOF Stock | USD 97.40 0.00 0.00% |
The current 90-days correlation between SGS SA and Tencent Music Entertainment is 0.05 (i.e., Significant diversification). The correlation of SGS SA 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.
SGS SA Correlation With Market
Average diversification
The correlation between SGS SA 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 SGS SA and DJI in the same portfolio, assuming nothing else is changed.
SGS |
The ability to find closely correlated positions to SGS SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SGS SA 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 SGS SA - 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 SGS SA to buy it.
Moving together with SGS Pink Sheet
| 0.68 | EXPGF | Experian PLC | PairCorr |
| 0.78 | EXPGY | Experian plc PK | PairCorr |
| 0.78 | EFX | Equifax | PairCorr |
| 0.63 | TRU | TransUnion | PairCorr |
| 0.86 | SGSOY | SGS SA | PairCorr |
| 0.72 | BVVBY | Bureau Veritas SA | PairCorr |
| 0.79 | BYCRF | BayCurrent Consulting | PairCorr |
| 0.62 | EPGG | Empire Global Gaming | PairCorr |
| 0.68 | IMHC | Imperalis Holding Corp | PairCorr |
Moving against SGS Pink Sheet
| 0.82 | CRS | Carpenter Technology | PairCorr |
| 0.82 | DORM | Dorman Products | PairCorr |
| 0.81 | GLBE | Global E Online | PairCorr |
| 0.73 | RUM | Rumble Inc | PairCorr |
| 0.68 | ORCL | Oracle | PairCorr |
| 0.65 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.62 | APLD | Applied Blockchain Upward Rally | PairCorr |
| 0.89 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.88 | OPRA | Opera | PairCorr |
| 0.88 | MSTR | MicroStrategy Incorporated Sell-off Trend | PairCorr |
| 0.87 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.87 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.86 | ET | Energy Transfer LP | PairCorr |
| 0.86 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.86 | BFLY | Butterfly Network | PairCorr |
| 0.86 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.83 | FDP | Fresh Del Monte | PairCorr |
| 0.82 | LUNR | Intuitive Machines Buyout Trend | PairCorr |
| 0.78 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.78 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.76 | FUND | Sprott Focus Trust | 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 SGS Pink Sheet performing well and SGS SA 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 SGS SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EDTK | 2.98 | 0.03 | (0.02) | (0.07) | 3.02 | 7.37 | 14.61 | |||
| DKL | 0.98 | 0.01 | 0.00 | 0.06 | 0.00 | 1.66 | 15.55 | |||
| FSTR | 1.92 | 0.46 | 0.28 | 0.32 | 1.41 | 6.37 | 14.55 | |||
| SNCY | 2.72 | 0.45 | 0.17 | 0.42 | 2.48 | 7.47 | 16.71 | |||
| WFCF | 1.37 | 0.19 | 0.07 | 0.89 | 1.62 | 3.34 | 12.53 | |||
| TME | 2.67 | 0.28 | 0.08 | 0.59 | 2.58 | 6.84 | 22.16 | |||
| STKL | 1.87 | 0.19 | 0.08 | 0.29 | 2.03 | 3.82 | 15.09 | |||
| VLGEA | 1.56 | (0.10) | (0.02) | 0.02 | 1.82 | 2.97 | 17.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SGS SA 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?
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SGS SA Corporate Management
| Ewald Helm | Global VP | Profile | |
| Frankie Ng | Chief Officer | Profile | |
| Olivier Merkt | Chief Compliance Officer, General Counsel, Member of Operations Council and Company Secretary | Profile | |
| Tobias Reeks | Corp Relations | Profile | |
| Dominik Daniel | Chief Officer | Profile |