A Schulman Correlations
| SLMNP Stock | USD 851.00 4.00 0.47% |
The correlation of A Schulman 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as A Schulman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A Schulman moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very good diversification
The correlation between A Schulman and NYA is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A Schulman and NYA in the same portfolio, assuming nothing else is changed.
SLMNP |
The ability to find closely correlated positions to A Schulman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace A Schulman 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 A Schulman - 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 A Schulman to buy it.
Moving against SLMNP Pink Sheet
| 0.47 | VZ | Verizon Communications Financial Report 23rd of July 2024 | PairCorr |
| 0.44 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between SLMNP Pink Sheet performing well and A Schulman 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 A Schulman'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BFFAF | 1.22 | 0.04 | (0.01) | 0.19 | 2.03 | 2.94 | 7.73 | |||
| BAK | 2.25 | 0.19 | 0.09 | 0.17 | 2.49 | 4.91 | 21.53 | |||
| LXU | 1.83 | 0.04 | (0.01) | 0.34 | 2.37 | 4.30 | 12.82 | |||
| DOW | 0.87 | 0.05 | 0.06 | 0.13 | 0.77 | 2.24 | 6.43 | |||
| HUN | 1.14 | (0.12) | (0.05) | 0.01 | 1.30 | 2.29 | 10.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in A Schulman 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 Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
A Schulman Corporate Directors
A Schulman corporate directors refer to members of an A Schulman board of directors. The board of directors generally takes responsibility for the A Schulman's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of A Schulman's board members must vote for the resolution. The A Schulman board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Allen Spizzo | Director | Profile | |
| Michael McManus | Independent Director | Profile | |
| Carol Eicher | Director | Profile | |
| James Mitarotonda | Independent Director | Profile |
Already Invested in A Schulman?
The danger of trading A Schulman is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of A Schulman is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than A Schulman. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile A Schulman is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in A Schulman. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for SLMNP Pink Sheet analysis
When running A Schulman's price analysis, check to measure A Schulman's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy A Schulman is operating at the current time. Most of A Schulman's value examination focuses on studying past and present price action to predict the probability of A Schulman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move A Schulman's price. Additionally, you may evaluate how the addition of A Schulman to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |