Sabio Holdings Correlations

SABOF Stock

USD 0.40 0.01 2.56%

The current 90-days correlation between Sabio Holdings and Golden Grail Technology is -0.05 (i.e., Good diversification). The correlation of Sabio Holdings 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.

Sabio Holdings Correlation With Market

Good diversification

The correlation between Sabio Holdings and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sabio Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Sabio OTC Stock

0.88	META	Meta Platforms	Pair Corr
0.85	PROSF	Prosus	Pair Corr
0.84	PROSY	Prosus NV ADR	Pair Corr
0.78	CLH	Clean Harbors	Pair Corr
0.77	TCEHY	Tencent Holdings	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.76	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.75	TSLA	Tesla Inc Earnings Call This Week	Pair Corr
0.73	DASH	DoorDash, Class A	Pair Corr
0.72	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.71	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.71	TCTZF	Tencent Holdings	Pair Corr
0.67	PTHL	Pheton Holdings	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.66	ODFL	Old Dominion Freight Earnings Call This Week	Pair Corr
0.62	CGXYY	China Galaxy Securities	Pair Corr
0.62	LTRY	Lottery, Common Stock	Pair Corr
0.61	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.61	FPAFF	First Pacific	Pair Corr
0.54	FENG	Phoenix New Media	Pair Corr
0.46	SRM	SRM Entertainment, Common Trending	Pair Corr
0.39	GITS	Global Interactive Symbol Change	Pair Corr
0.38	LII	Lennox International Earnings Call This Week	Pair Corr
0.38	LRMR	Larimar Therapeutics	Pair Corr

Related Correlations Analysis

	TCTZF	ATHM	AREN	GOGY	ASST	BAIDF	KSHTY	KUASF	TME	PROSY
TCTZF		-0.33	0.69	-0.41	0.67	-0.16	0.37	0.47	0.7	0.8	TCTZF
ATHM	-0.33		-0.31	0.03	-0.61	0.3	0.25	0.15	-0.1	-0.14	ATHM
AREN	0.69	-0.31		-0.21	0.61	0.02	0.23	0.1	0.39	0.53	AREN
GOGY	-0.41	0.03	-0.21		-0.37	0.21	-0.55	-0.71	-0.73	-0.71	GOGY
ASST	0.67	-0.61	0.61	-0.37		-0.1	0.24	0.33	0.58	0.6	ASST
BAIDF	-0.16	0.3	0.02	0.21	-0.1		-0.15	-0.3	-0.32	-0.28	BAIDF
KSHTY	0.37	0.25	0.23	-0.55	0.24	-0.15		0.81	0.77	0.74	KSHTY
KUASF	0.47	0.15	0.1	-0.71	0.33	-0.3	0.81		0.88	0.82	KUASF
TME	0.7	-0.1	0.39	-0.73	0.58	-0.32	0.77	0.88		0.96	TME
PROSY	0.8	-0.14	0.53	-0.71	0.6	-0.28	0.74	0.82	0.96		PROSY
	TCTZF	ATHM	AREN	GOGY	ASST	BAIDF	KSHTY	KUASF	TME	PROSY

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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

PROSY	+ 0.96	TME
TME	+ 0.88	KUASF
PROSY	+ 0.82	KUASF
KUASF	+ 0.81	KSHTY
PROSY	+ 0.8	TCTZF
TME	+ 0.77	KSHTY

High negative correlations

TME	- 0.73	GOGY
PROSY	- 0.71	GOGY
KUASF	- 0.71	GOGY
ASST	- 0.61	ATHM
KSHTY	- 0.55	GOGY
GOGY	- 0.41	TCTZF

Risk-Adjusted Indicators

There is a big difference between Sabio OTC Stock performing well and Sabio Holdings OTC Stock 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 Sabio Holdings' 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
TCTZF	1.95	0.39	0.08	(0.64)	1.99	(2.04)	4.88	(3.28)	11.28
ATHM	1.14	0.07	(0.03)	0.57	1.19	(1.31)	2.67	(1.97)	8.04
AREN	8.82	2.14	0.24	4.07	7.83	(11.11)	24.02	(12.76)	67.58
GOGY	7.36	0.27	0.00	(0.25)	9.39	(11.24)	18.18	(18.57)	59.79
ASST	22.40	8.78	0.87	2.39	7.92	(32.07)	61.82	(16.64)	477.54
BAIDF	3.56	0.22	0.01	(3.17)	4.58	(6.41)	10.88	(8.70)	33.43
KSHTY	2.56	0.53	0.08	3.95	2.60	(5.25)	7.69	(6.57)	30.55
KUASF	1.75	0.58	0.00	2.76	0.00	0.00	9.66	(3.02)	20.88
TME	1.91	0.96	0.45	(11.37)	1.21	(2.48)	4.45	(3.50)	19.37
PROSY	1.24	0.50	0.28	296.58	0.84	(1.52)	4.42	(1.63)	10.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sabio Holdings 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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Sabio Holdings Corporate Management

Elected by the shareholders, the Sabio Holdings' board of directors comprises two types of representatives: Sabio Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sabio. The board's role is to monitor Sabio Holdings' management team and ensure that shareholders' interests are well served. Sabio Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sabio Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Helen Lum	Inc AppScience	Profile
Sajid Premji	Chief Officer	Profile
Joe Camacho	Chief Officer	Profile
Jessica Ackerson	VP Sales	Profile
Chris Lee	VP Operations	Profile
Aziz Rahimtoola	CEO CoFounder	Profile
Jason Tong	VP Engineering	Profile

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