SATS Correlations

Pink Sheets . USA . 
Stock . SATS
SPASF Stock  USD 2.50  0.06  2.46%   
The correlation of SATS 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.

SATS Correlation With Market

Good diversification

The correlation between SATS and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SATS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SATS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SATS 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 SATS - 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 SATS to buy it.

Moving against SATS Pink Sheet

  0.48958102AR6 WDC 31 01PairCorr
  0.44ARRPY Aeroports de ParisPairCorr
  0.31DOCKF Beyond Medical TechnPairCorr

Related Correlations Analysis

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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   
BYD
+ 0.95
SPHR
BYD
+ 0.92
WYNN
WYNN
+ 0.84
SPHR
PLAY
+ 0.83
BYD
PLAY
+ 0.8
SPHR
SPHR
+ 0.7
RLJ-PA
  
High negative correlations   
GETY
- 0.42
SPHR
PLAY
- 0.39
NRRWF
PLAY
- 0.3
GETY
BYD
- 0.29
GETY
WYNN
- 0.23
GETY
WYNN
- 0.2
NRRWF

Risk-Adjusted Indicators

There is a big difference between SATS Pink Sheet performing well and SATS 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 SATS'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.

Be your own money manager

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

Veronique CremadesMathisMember BoardProfile
Chi CheahMember ChinaProfile
KinMing LowCEO BoardProfile
Yuen GohMember BoardProfile
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