Severn Trent Correlations
| SVTRF Stock | USD 35.47 2.42 6.39% |
The current 90-days correlation between Severn Trent PLC and Severn Trent PLC is 0.38 (i.e., Weak diversification). The correlation of Severn Trent 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.
Severn Trent Correlation With Market
Significant diversification
The correlation between Severn Trent PLC and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Severn Trent PLC and DJI in the same portfolio, assuming nothing else is changed.
Severn |
The ability to find closely correlated positions to Severn Trent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Severn Trent 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 Severn Trent - 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 Severn Trent PLC to buy it.
Moving together with Severn Pink Sheet
| 0.67 | UUGWF | United Utilities | PairCorr |
| 0.72 | UUGRY | United Utilities | PairCorr |
| 0.73 | STRNY | Severn Trent PLC | PairCorr |
| 0.65 | GGDVF | Guangdong Investment | PairCorr |
| 0.71 | PIPR | Piper Sandler Companies Earnings Call This Week | PairCorr |
| 0.61 | GITS | Global Interactive Symbol Change | PairCorr |
| 0.72 | GOOGL | Alphabet Class A Earnings Call This Week | PairCorr |
| 0.81 | LRMR | Larimar Therapeutics | PairCorr |
| 0.75 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.65 | SRM | SRM Entertainment, Common | PairCorr |
| 0.81 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.74 | CGXYY | China Galaxy Securities | PairCorr |
| 0.81 | SNAL | Snail, Class A | PairCorr |
| 0.86 | UTMD | Utah Medical Products Earnings Call This Week | PairCorr |
| 0.73 | DHIL | Diamond Hill Investment | PairCorr |
| 0.88 | PTHL | Pheton Holdings | PairCorr |
Moving against Severn Pink Sheet
| 0.7 | WTRG | Essential Utilities | PairCorr |
| 0.53 | MSB | Mesabi Trust | PairCorr |
| 0.4 | AWK | American Water Works Earnings Call Next Week | PairCorr |
| 0.39 | NIO | Nio Class A Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.3 | 0.92 | 0.51 | 0.45 | 0.69 | STRNY | ||
| 0.3 | 0.44 | 0.34 | -0.33 | 0.07 | SBSP3 | ||
| 0.92 | 0.44 | 0.67 | 0.4 | 0.75 | UUGRY | ||
| 0.51 | 0.34 | 0.67 | 0.26 | 0.57 | PEGRF | ||
| 0.45 | -0.33 | 0.4 | 0.26 | 0.66 | UUGWF | ||
| 0.69 | 0.07 | 0.75 | 0.57 | 0.66 | TEZNY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Severn Pink Sheet performing well and Severn Trent 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 Severn Trent'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STRNY | 1.37 | 0.12 | (0.01) | 18.12 | 1.80 | 2.78 | 11.36 | |||
| SBSP3 | 1.03 | 0.03 | (0.04) | 0.21 | 1.39 | 2.32 | 7.96 | |||
| UUGRY | 1.06 | 0.12 | (0.01) | 4.38 | 1.40 | 1.88 | 6.97 | |||
| PEGRF | 0.83 | 0.12 | (0.01) | (0.40) | 1.47 | 3.25 | 15.02 | |||
| UUGWF | 0.41 | 0.14 | 0.00 | (0.23) | 0.00 | 2.60 | 7.94 | |||
| TEZNY | 0.97 | 0.11 | (0.05) | (0.22) | 1.38 | 1.88 | 6.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Severn Trent 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?
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