Skillsoft Corp Correlations

SKIL Stock

USD 11.51 0.69 6.38%

The current 90-days correlation between Skillsoft Corp and Global E Online is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skillsoft Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skillsoft Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Skillsoft Corp Correlation With Market

Average diversification

The correlation between Skillsoft Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skillsoft Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Skillsoft Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillsoft Corp. 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 more information on how to buy Skillsoft Stock please use our How to buy in Skillsoft Stock guide.

Moving together with Skillsoft Stock

0.73

Boeing

Pair Corr

Moving against Skillsoft Stock

0.81	EC	Ecopetrol SA ADR	Pair Corr
0.63	TLK	Telkom Indonesia Tbk	Pair Corr
0.57	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.5	IBM	International Business	Pair Corr
0.44	PTAIY	Astra International Tbk	Pair Corr
0.43	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.43	MRK	Merck Company Aggressive Push	Pair Corr
0.39	BKRKF	PT Bank Rakyat	Pair Corr
0.38	BAC	Bank of America	Pair Corr
0.37	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.35	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	GLBE	CSXXY	DLAD	SPMMF	BCOMF	NPNTQ	BOSC	TMUSI
GLBE		-0.12	0.0	0.0	0.06	0.0	0.11	0.09	GLBE
CSXXY	-0.12		0.0	0.0	-0.73	0.0	-0.26	0.05	CSXXY
DLAD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DLAD
SPMMF	0.0	0.0	0.0		0.0	-1.0	0.0	0.0	SPMMF
BCOMF	0.06	-0.73	0.0	0.0		0.0	0.32	0.31	BCOMF
NPNTQ	0.0	0.0	0.0	-1.0	0.0		0.0	0.0	NPNTQ
BOSC	0.11	-0.26	0.0	0.0	0.32	0.0		0.06	BOSC
TMUSI	0.09	0.05	0.0	0.0	0.31	0.0	0.06		TMUSI
	GLBE	CSXXY	DLAD	SPMMF	BCOMF	NPNTQ	BOSC	TMUSI

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

BOSC	+ 0.32	BCOMF
TMUSI	+ 0.31	BCOMF
BOSC	+ 0.11	GLBE
TMUSI	+ 0.09	GLBE
BCOMF	+ 0.06	GLBE
TMUSI	+ 0.06	BOSC

High negative correlations

NPNTQ	- 1.0	SPMMF
BCOMF	- 0.73	CSXXY
BOSC	- 0.26	CSXXY
CSXXY	- 0.12	GLBE
TMUSI	- 0.0	NPNTQ
BOSC	- 0.0	NPNTQ

Risk-Adjusted Indicators

There is a big difference between Skillsoft Stock performing well and Skillsoft Corp 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 Skillsoft Corp'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
GLBE	1.90	0.29	0.13	0.32	1.97	(2.15)	4.66	(3.58)	9.73
CSXXY	1.46	(0.35)	0.00	(0.22)	0.00	0.00	3.06	(3.70)	15.69
DLAD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCOMF	0.70	0.02	0.00	(0.06)	0.00	0.00	0.00	0.00	20.93
NPNTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BOSC	2.01	(0.12)	0.00	(0.11)	0.00	0.00	4.26	(4.36)	25.07
TMUSI	0.77	0.00	(0.02)	0.00	0.93	(0.83)	1.85	(1.61)	6.29

Skillsoft Corp Corporate Management

Lawrence Illg	Independent Director	Profile
Mark Klein	Director	Profile
Mark Onisk	Chief Content Officer	Profile
Ronald Hovsepian	Independent Director	Profile
Eric Stine	Chief Revenue Officer	Profile
Jose Almandoz	Chief Officer	Profile
Richard CPA	Chief Officer	Profile

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