Seek Correlations
| SKLTY Stock | USD 33.92 0.35 1.02% |
The current 90-days correlation between Seek Ltd ADR and Meta Platforms is 0.19 (i.e., Average diversification). The correlation of Seek 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.
Seek Correlation With Market
Modest diversification
The correlation between Seek Ltd ADR and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seek Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.
Seek |
The ability to find closely correlated positions to Seek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seek 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 Seek - 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 Seek Ltd ADR to buy it.
Moving together with Seek Pink Sheet
| 0.62 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.63 | NVDA | NVIDIA | PairCorr |
| 0.8 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.66 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.64 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.84 | HD | Home Depot | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.61 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.67 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.87 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Seek Pink Sheet
| 0.43 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.33 | HYMTF | Hyundai Motor | PairCorr |
| 0.56 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.52 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.34 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.67 | 0.41 | 0.78 | 0.6 | 0.67 | META | ||
| 0.67 | 0.77 | 0.79 | 0.08 | 1.0 | GOOG | ||
| 0.41 | 0.77 | 0.67 | -0.25 | 0.76 | TWLO | ||
| 0.78 | 0.79 | 0.67 | 0.28 | 0.79 | SNAP | ||
| 0.6 | 0.08 | -0.25 | 0.28 | 0.08 | BIDU | ||
| 0.67 | 1.0 | 0.76 | 0.79 | 0.08 | GOOGL | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Seek Pink Sheet performing well and Seek 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 Seek'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.07 | 0.07 | 0.02 | 0.23 | 1.41 | 2.62 | 8.02 | |||
| GOOG | 1.18 | (0.03) | (0.04) | 0.08 | 1.84 | 2.21 | 8.60 | |||
| TWLO | 1.54 | 0.75 | 0.43 | 1.25 | 1.06 | 3.69 | 17.01 | |||
| SNAP | 2.23 | 0.31 | 0.11 | 0.50 | 2.21 | 4.41 | 21.74 | |||
| BIDU | 2.02 | 0.03 | (0.02) | 0.22 | 2.93 | 4.40 | 16.49 | |||
| GOOGL | 1.18 | (0.03) | (0.04) | 0.08 | 1.79 | 2.34 | 8.73 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Seek 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 Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
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Seek Corporate Management
| LLB BA | CEO MD | Profile | |
| Katherine Koch | Chief Officer | Profile | |
| Damien Wodak | Managing Management | Profile | |
| Simon Lusted | Product Strategy | Profile | |
| Ronnie Fink | Managing Devel | Profile | |
| Kendra Banks | Managing Zealand | Profile |