Somnigroup International Correlations

SGI Stock

68.05 0.54 0.80%

The current 90-days correlation between Somnigroup International and Wingstop is 0.41 (i.e., Very weak diversification). The correlation of Somnigroup International 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.

Somnigroup International Correlation With Market

Very poor diversification

The correlation between Somnigroup International and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Somnigroup International and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in Somnigroup Stock please use our How to Invest in Somnigroup International guide.

Moving together with Somnigroup Stock

0.86	SN	SharkNinja,	Pair Corr
0.61	EFOI	Energy Focu	Pair Corr
0.74	LEG	Leggett Platt	Pair Corr
0.82	IRBT	iRobot	Pair Corr
0.78	NVFY	Nova Lifestyle I	Pair Corr
0.89	PATK	Patrick Industries	Pair Corr
0.65	PRPL	Purple Innovation	Pair Corr
0.71	SNBR	Sleep Number Corp	Pair Corr
0.91	H	Hyatt Hotels	Pair Corr
0.89	W	Wayfair Sell-off Trend	Pair Corr
0.91	AN	AutoNation	Pair Corr
0.89	AS	Amer Sports,	Pair Corr

Moving against Somnigroup Stock

0.72	VIRC	Virco Manufacturing	Pair Corr
0.53	MBC	MasterBrand	Pair Corr
0.42	NTZ	Natuzzi SpA	Pair Corr
0.4	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	JBS	ASTVF	WING	CBRL	SBUX	TBBB	WFCF	SCFFF
JBS		0.18	-0.41	-0.38	-0.37	0.33	0.17	0.0	JBS
ASTVF	0.18		-0.32	-0.31	-0.12	0.05	0.23	0.0	ASTVF
WING	-0.41	-0.32		0.9	0.34	0.02	-0.69	0.0	WING
CBRL	-0.38	-0.31	0.9		0.27	0.11	-0.64	0.0	CBRL
SBUX	-0.37	-0.12	0.34	0.27		-0.39	-0.14	0.0	SBUX
TBBB	0.33	0.05	0.02	0.11	-0.39		-0.13	0.0	TBBB
WFCF	0.17	0.23	-0.69	-0.64	-0.14	-0.13		0.0	WFCF
SCFFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SCFFF
	JBS	ASTVF	WING	CBRL	SBUX	TBBB	WFCF	SCFFF

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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

CBRL	+ 0.9	WING
SBUX	+ 0.34	WING
TBBB	+ 0.33	JBS
SBUX	+ 0.27	CBRL
WFCF	+ 0.23	ASTVF
ASTVF	+ 0.18	JBS

High negative correlations

WFCF	- 0.69	WING
WFCF	- 0.64	CBRL
WING	- 0.41	JBS
TBBB	- 0.39	SBUX
CBRL	- 0.38	JBS
SBUX	- 0.37	JBS

Risk-Adjusted Indicators

There is a big difference between Somnigroup Stock performing well and Somnigroup International 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 Somnigroup International'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
JBS	2.39	0.33	0.11	2.55	2.19	(3.45)	6.42	(3.95)	7.99
ASTVF	0.51	(0.05)	0.00	(0.73)	0.00	0.00	0.00	0.00	14.16
WING	2.49	0.63	0.25	0.70	2.02	(2.90)	6.96	(3.66)	20.40
CBRL	3.13	0.67	0.17	0.66	3.55	(3.46)	9.37	(5.43)	21.87
SBUX	1.88	(0.14)	0.00	(0.04)	0.00	0.00	3.27	(4.60)	16.95
TBBB	1.75	0.04	0.01	0.12	3.02	(1.58)	4.05	(3.56)	14.60
WFCF	2.44	0.00	(0.01)	0.07	3.19	(2.89)	5.45	(4.89)	21.09
SCFFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Somnigroup International Corporate Management

Jimmy Rose	Senior Operations	Profile
Kindra Bellis	Chief Officer	Profile
David Montgomery	Executive Development	Profile
Mohammad Vakil	General Counsel	Profile
Clifford III	Chief America	Profile
Kindel Nuno	Chief Officer	Profile

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