Sligro Food Correlations

SIGRF Stock

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The current 90-days correlation between Sligro Food Group and Legacy Education is -0.43 (i.e., Very good diversification). The correlation of Sligro Food 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.

Sligro Food Correlation With Market

Average diversification

The correlation between Sligro Food Group and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sligro Food Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sligro Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sligro Food 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 Sligro Food - 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 Sligro Food Group to buy it.

Moving together with Sligro Pink Sheet

0.63

PFE

Pfizer Inc Aggressive Push

Pair Corr

Moving against Sligro Pink Sheet

0.67	DIS	Walt Disney Sell-off Trend	Pair Corr
0.52	WMT	Walmart Aggressive Push	Pair Corr
0.51	BMYMP	Bristol Myers Squibb	Pair Corr
0.49	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.43	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.35	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.35	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.34	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META
LGCY		-0.26	-0.49	0.02	-0.18	-0.1	-0.48	-0.72	LGCY
AAPL	-0.26		0.52	0.22	0.26	0.36	0.31	0.53	AAPL
NVDA	-0.49	0.52		0.08	0.74	0.72	0.81	0.71	NVDA
MSFT	0.02	0.22	0.08		0.31	-0.23	0.1	0.26	MSFT
AMZN	-0.18	0.26	0.74	0.31		0.69	0.8	0.53	AMZN
BMYMP	-0.1	0.36	0.72	-0.23	0.69		0.63	0.31	BMYMP
GOOG	-0.48	0.31	0.81	0.1	0.8	0.63		0.67	GOOG
META	-0.72	0.53	0.71	0.26	0.53	0.31	0.67		META
	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META

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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

GOOG	+ 0.81	NVDA
GOOG	+ 0.8	AMZN
AMZN	+ 0.74	NVDA
BMYMP	+ 0.72	NVDA
META	+ 0.71	NVDA
BMYMP	+ 0.69	AMZN

High negative correlations

META	- 0.72	LGCY
NVDA	- 0.49	LGCY
GOOG	- 0.48	LGCY
AAPL	- 0.26	LGCY
BMYMP	- 0.23	MSFT
AMZN	- 0.18	LGCY

Risk-Adjusted Indicators

There is a big difference between Sligro Pink Sheet performing well and Sligro Food 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 Sligro Food'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
LGCY	3.51	1.63	0.36	4.85	3.02	(4.48)	10.85	(5.42)	22.33
AAPL	0.92	0.01	(0.04)	0.15	1.20	(0.94)	1.84	(2.25)	6.62
NVDA	2.17	0.03	0.02	0.15	3.08	(2.12)	4.07	(4.69)	12.87
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
AMZN	1.44	0.16	0.10	0.26	1.50	(1.58)	3.18	(3.06)	10.38
BMYMP	1.49	0.44	0.00	4.41	0.00	0.00	3.84	(0.07)	21.01
GOOG	1.18	(0.03)	(0.04)	0.08	1.84	(1.04)	2.21	(2.47)	8.60
META	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02

Sligro Food Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sligro Food pink sheet to make a market-neutral strategy. Peer analysis of Sligro Food could also be used in its relative valuation, which is a method of valuing Sligro Food by comparing valuation metrics with similar companies.

Legacy Education Apple Inc NVIDIA Microsoft Amazon Inc Bristol Myers Squibb Alphabet Inc Class C Meta Platforms American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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