Sun Art Correlations

SRI Stock

EUR 0.31 0.01 3.13%

The current 90-days correlation between Sun Art Retail and SHOPRITE HDGS ADR is 0.05 (i.e., Significant diversification). The correlation of Sun Art 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.

Sun Art Correlation With Market

Good diversification

The correlation between Sun Art Retail and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sun Art Retail and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sun Stock

0.63	HY7	Shoprite Holdings	Pair Corr
0.86	DL7A	Dillards	Pair Corr
0.89	FDO	Macys Inc	Pair Corr
0.72	3RKU	RYOHIN UNSPADR1	Pair Corr
0.76	S1VA	PEPKOR LTD	Pair Corr
0.71	MA6	Marks and Spencer	Pair Corr
0.88	PTX	Palantir Technologies	Pair Corr
0.86	SYY	Sysco	Pair Corr
0.71	VAI	Vail Resorts	Pair Corr
0.78	LIE	Sun Life Financial	Pair Corr
0.73	PNP	PNC Financial	Pair Corr
0.88	2CDA	Controladora Vuela Compaa	Pair Corr
0.89	EQN2	Equinix	Pair Corr
0.83	AQHE	Event Hospitality	Pair Corr
0.8	VA7A	VERISK ANLYTCS A	Pair Corr
0.82	WD5A	TRAVEL LEISURE DL	Pair Corr
0.79	PPB	Flutter Entertainment PLC	Pair Corr
0.84	RC2	RCM TECHNOLOGIES	Pair Corr
0.84	C6TB	CHINA BANK ADR20	Pair Corr
0.72	SK3	Smurfit Kappa Group	Pair Corr
0.89	2WY	Wyndham Hotels Resorts	Pair Corr
0.82	NT4	Northern Trust	Pair Corr
0.84	WX7	Corporate Office Pro	Pair Corr
0.66	GOB	Compagnie de Saint	Pair Corr
0.78	EN3	Enbridge	Pair Corr

Moving against Sun Stock

0.87	BYRA	BANK RAKYAT IND	Pair Corr
0.85	BYRA	PT Bank Rakyat	Pair Corr
0.84	BYRA	BANK RAKYAT IND	Pair Corr
0.82	SSU	Samsung Electronics	Pair Corr
0.81	SSU	Samsung Electronics	Pair Corr
0.81	SSUN	Samsung Electronics	Pair Corr
0.81	SSUN	Samsung Electronics	Pair Corr
0.75	PQ9	PT Bank Mandiri	Pair Corr
0.73	BYRA	PT Bank Rakyat	Pair Corr
0.38	JUS1	Aeon	Pair Corr
0.71	PQ9	BANK MANDIRI	Pair Corr
0.55	AXI	Atos SE	Pair Corr

Related Correlations Analysis

	JUS1	HY7A	HY7	DL7A	FDO	3RKU	S1VA	4HP	MA6	SRI
JUS1		-0.07	-0.41	-0.32	-0.27	-0.02	-0.03	0.16	-0.19	-0.38	JUS1
HY7A	-0.07		0.58	0.54	0.43	0.49	0.34	0.01	0.38	0.55	HY7A
HY7	-0.41	0.58		0.49	0.48	0.37	0.31	0.19	0.42	0.63	HY7
DL7A	-0.32	0.54	0.49		0.82	0.85	0.76	0.1	0.53	0.86	DL7A
FDO	-0.27	0.43	0.48	0.82		0.77	0.82	0.34	0.77	0.89	FDO
3RKU	-0.02	0.49	0.37	0.85	0.77		0.9	0.43	0.51	0.72	3RKU
S1VA	-0.03	0.34	0.31	0.76	0.82	0.9		0.52	0.65	0.76	S1VA
4HP	0.16	0.01	0.19	0.1	0.34	0.43	0.52		0.37	0.19	4HP
MA6	-0.19	0.38	0.42	0.53	0.77	0.51	0.65	0.37		0.71	MA6
SRI	-0.38	0.55	0.63	0.86	0.89	0.72	0.76	0.19	0.71		SRI
	JUS1	HY7A	HY7	DL7A	FDO	3RKU	S1VA	4HP	MA6	SRI

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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

S1VA	+ 0.9	3RKU
SRI	+ 0.89	FDO
SRI	+ 0.86	DL7A
3RKU	+ 0.85	DL7A
FDO	+ 0.82	DL7A
S1VA	+ 0.82	FDO

High negative correlations

HY7	- 0.41	JUS1
SRI	- 0.38	JUS1
DL7A	- 0.32	JUS1
FDO	- 0.27	JUS1
MA6	- 0.19	JUS1
HY7A	- 0.07	JUS1

Risk-Adjusted Indicators

There is a big difference between Sun Stock performing well and Sun Art 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 Sun Art'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
JUS1	1.09	(0.16)	0.00	(13.33)	0.00	0.00	2.61	(1.79)	10.14
HY7A	1.33	0.05	0.02	0.21	1.42	(1.89)	3.92	(3.12)	9.46
HY7	1.81	0.60	0.30	1.07	1.22	(2.68)	3.27	(2.55)	37.84
DL7A	1.79	0.47	0.27	(12.98)	1.23	(2.43)	5.56	(2.43)	13.97
FDO	1.43	0.22	0.13	0.51	1.30	(1.81)	4.46	(2.71)	10.42
3RKU	1.57	0.41	0.22	2.72	1.29	(2.15)	3.31	(2.40)	9.54
S1VA	1.64	0.51	0.23	1.14	1.39	(2.34)	4.31	(2.48)	13.03
4HP	2.08	0.20	0.06	0.82	2.25	(2.75)	5.43	(3.73)	14.37
MA6	1.27	0.07	0.04	0.14	1.46	(1.41)	2.90	(2.17)	8.95
SRI	3.15	1.19	0.26	(24.31)	1.74	(7.31)	8.70	(4.00)	28.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sun Art 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.

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Sun Art Corporate Management

Elected by the shareholders, the Sun Art's board of directors comprises two types of representatives: Sun Art inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sun. The board's role is to monitor Sun Art's management team and ensure that shareholders' interests are well served. Sun Art'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, Sun Art's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xiaohai Lin	CEO Director	Profile
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