Seek Correlations

SKLTY Stock

USD 32.13 0.63 2.00%

The current 90-days correlation between Seek Ltd ADR and Meta Platforms is 0.18 (i.e., Average diversification). The correlation of Seek 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Seek Correlation With Market

Average diversification

The correlation between Seek Ltd ADR and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seek Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seek Pink Sheet

0.91	NVDA	NVIDIA Aggressive Push	Pair Corr
0.91	MSFT	Microsoft Aggressive Push	Pair Corr
0.91	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.88	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.93	META	Meta Platforms	Pair Corr
0.95	AVGO	Broadcom Aggressive Push	Pair Corr
0.62	TLKMF	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.93	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.74	PTAIF	PT Astra International	Pair Corr
0.76	PTAIY	Astra International Tbk	Pair Corr
0.93	GE	GE Aerospace Earnings Call Today	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.9	BAC	Bank of America	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr
0.75	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.75	CVX	Chevron Corp	Pair Corr
0.91	DIS	Walt Disney	Pair Corr

Moving against Seek Pink Sheet

0.66	MCD	McDonalds	Pair Corr
0.44	KO	Coca Cola Earnings Call Today	Pair Corr

Related Correlations Analysis

	META	GOOG	TWLO	SNAP	BIDU	GOOGL
META		0.84	0.94	0.53	0.07	0.86	META
GOOG	0.84		0.82	0.64	0.07	1.0	GOOG
TWLO	0.94	0.82		0.55	0.07	0.83	TWLO
SNAP	0.53	0.64	0.55		0.48	0.64	SNAP
BIDU	0.07	0.07	0.07	0.48		0.06	BIDU
GOOGL	0.86	1.0	0.83	0.64	0.06		GOOGL
	META	GOOG	TWLO	SNAP	BIDU	GOOGL

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Risk-Adjusted Indicators

There is a big difference between Seek Pink Sheet performing well and Seek 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 Seek'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
META	1.50	0.30	0.24	0.36	1.02	(1.80)	3.99	(2.35)	10.48
GOOG	1.39	0.20	0.08	0.42	1.71	(1.53)	2.87	(2.01)	10.20
TWLO	1.86	0.46	0.21	0.52	1.86	(2.12)	4.70	(3.43)	13.08
SNAP	2.51	0.12	0.08	0.20	2.93	(2.91)	7.13	(3.49)	16.82
BIDU	1.51	0.03	(0.02)	0.19	2.22	(1.53)	3.32	(3.58)	16.13
GOOGL	1.43	0.21	0.09	0.43	1.70	(1.58)	2.88	(1.91)	9.83

Be your own money manager

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

LLB BA	CEO MD	Profile
Katherine Koch	Chief Officer	Profile
Damien Wodak	Managing Management	Profile
Simon Lusted	Product Strategy	Profile
Ronnie Fink	Managing Devel	Profile
Kendra Banks	Managing Zealand	Profile

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