Streamplay Studio Correlations

SP8 Stock

0.01 0 8.33%

The current 90-days correlation between Streamplay Studio and Aneka Tambang TBK is -0.25 (i.e., Very good diversification). The correlation of Streamplay Studio 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.

Streamplay Studio Correlation With Market

Significant diversification

The correlation between Streamplay Studio and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Streamplay Studio and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Streamplay Stock

0.64	ANZ	ANZ Group Holdings Earnings Call Tomorrow	Pair Corr
0.76	SPZ	Smart Parking	Pair Corr
0.91	CTT	Cettire	Pair Corr
0.8	NCC	Naos Emerging Opport	Pair Corr
0.67	PGF	PM Capital Global	Pair Corr
0.83	A1M	Aic Mines	Pair Corr
0.78	DUG	DUG Technology	Pair Corr
0.74	LIN	Lindian Resources	Pair Corr
0.67	BMN	Bannerman Energy	Pair Corr
0.82	EHL	Emeco Holdings	Pair Corr
0.85	PRU	Perseus Mining	Pair Corr
0.84	AUZ	Australian Mines	Pair Corr
0.79	NWH	NRW Holdings	Pair Corr
0.83	FGX	Future Generation	Pair Corr
0.81	CPO	Culpeo Minerals	Pair Corr
0.66	TIA	Tian An Australia	Pair Corr
0.72	D3E	D3 Energy	Pair Corr
0.75	BKY	Berkeley Energia	Pair Corr
0.79	REC	Recharge Metals	Pair Corr

Moving against Streamplay Stock

0.34

ATM

Aneka Tambang TBK

Pair Corr

Related Correlations Analysis

	ATM	BHP	CBA	CBAPM	CBAPK	CBAPJ	CBAPH	CBAPG
ATM		-0.21	0.19	-0.55	-0.55	-0.1	0.0	0.0	ATM
BHP	-0.21		0.29	0.07	0.29	0.7	0.0	0.0	BHP
CBA	0.19	0.29		-0.36	0.04	0.38	0.0	0.0	CBA
CBAPM	-0.55	0.07	-0.36		0.69	-0.08	0.0	0.0	CBAPM
CBAPK	-0.55	0.29	0.04	0.69		0.3	0.0	0.0	CBAPK
CBAPJ	-0.1	0.7	0.38	-0.08	0.3		0.0	0.0	CBAPJ
CBAPH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CBAPH
CBAPG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CBAPG
	ATM	BHP	CBA	CBAPM	CBAPK	CBAPJ	CBAPH	CBAPG

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

CBAPJ	+ 0.7	BHP
CBAPK	+ 0.69	CBAPM
CBAPJ	+ 0.38	CBA
CBAPJ	+ 0.3	CBAPK
CBA	+ 0.29	BHP
CBAPK	+ 0.29	BHP

High negative correlations

CBAPK	- 0.55	ATM
CBAPM	- 0.55	ATM
CBAPM	- 0.36	CBA
BHP	- 0.21	ATM
CBAPJ	- 0.1	ATM
CBAPJ	- 0.08	CBAPM

Risk-Adjusted Indicators

There is a big difference between Streamplay Stock performing well and Streamplay Studio 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 Streamplay Studio'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
ATM	1.40	(0.24)	0.00	0.45	0.00	0.00	4.17	(5.41)	14.67
BHP	1.04	0.09	0.03	0.39	0.94	(1.24)	2.29	(1.40)	6.05
CBA	1.06	0.06	(0.05)	(0.04)	1.63	(0.98)	2.15	(2.08)	6.54
CBAPM	0.29	0.01	(0.22)	(0.30)	0.35	(0.29)	0.43	(0.52)	2.56
CBAPK	0.22	0.01	(0.33)	(0.01)	0.24	(0.24)	0.48	(0.47)	1.32
CBAPJ	0.15	0.00	(0.39)	0.20	0.15	(0.16)	0.33	(0.31)	0.91
CBAPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBAPG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Streamplay Studio 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.

Did you try this?

Run Global Markets Map Now

Global Markets Map

Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC