Sea Correlations

SE Stock

USD 131.34 0.35 0.27%

The correlation of Sea 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.

Sea Correlation With Market

Modest diversification

The correlation between Sea and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sea and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sea Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sea. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade Sea Stock refer to our How to Trade Sea Stock guide.

Moving together with Sea Stock

0.67	BA	Boeing	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr

Moving against Sea Stock

0.89	KO	Coca Cola Aggressive Push	Pair Corr
0.77	AXP	American Express	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.73	MMM	3M Company	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.68	MRK	Merck Company Aggressive Push	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.6	XOM	Exxon Mobil Corp	Pair Corr
0.56	IBM	International Business	Pair Corr
0.51	GE	GE Aerospace	Pair Corr
0.46	BAC	Bank of America	Pair Corr
0.33	WMT	Walmart	Pair Corr

Related Correlations Analysis

	GAINN	TFSVF	BRKFF	SHIHF	CWIR	GGDVF	QOWI	PDM
GAINN		-0.23	0.31	0.67	0.0	0.0	0.0	-0.68	GAINN
TFSVF	-0.23		-0.66	-0.61	0.0	0.0	0.0	0.24	TFSVF
BRKFF	0.31	-0.66		0.62	0.0	0.0	0.0	-0.18	BRKFF
SHIHF	0.67	-0.61	0.62		0.0	0.0	0.0	-0.6	SHIHF
CWIR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CWIR
GGDVF	0.0	0.0	0.0	0.0	0.0		-1.0	0.0	GGDVF
QOWI	0.0	0.0	0.0	0.0	0.0	-1.0		0.0	QOWI
PDM	-0.68	0.24	-0.18	-0.6	0.0	0.0	0.0		PDM
	GAINN	TFSVF	BRKFF	SHIHF	CWIR	GGDVF	QOWI	PDM

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

SHIHF	+ 0.67	GAINN
SHIHF	+ 0.62	BRKFF
BRKFF	+ 0.31	GAINN
PDM	+ 0.24	TFSVF
CWIR	+ 0.0	GAINN
GGDVF	+ 0.0	GAINN

High negative correlations

QOWI	- 1.0	GGDVF
PDM	- 0.68	GAINN
BRKFF	- 0.66	TFSVF
SHIHF	- 0.61	TFSVF
PDM	- 0.6	SHIHF
TFSVF	- 0.23	GAINN

Risk-Adjusted Indicators

There is a big difference between Sea Stock performing well and Sea 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 Sea'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
GAINN	0.29	0.02	(0.01)	(0.51)	0.34	(0.36)	0.68	(0.52)	2.49
TFSVF	1.53	(0.42)	0.00	1.54	0.00	0.00	0.00	(6.59)	25.00
BRKFF	0.06	0.02	0.00	(0.41)	0.00	0.00	0.00	0.00	2.06
SHIHF	0.28	0.13	0.00	(2.13)	0.00	0.00	0.00	0.00	4.76
CWIR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GGDVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QOWI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDM	1.21	0.04	0.01	0.07	2.06	(1.13)	2.49	(2.89)	9.60

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