Signify NV Correlations

PHPPY Stock

USD 12.57 0.76 5.70%

The current 90-days correlation between Signify NV and Legrand SA ADR is -0.1 (i.e., Good diversification). The correlation of Signify NV 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.

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

Moving together with Signify Pink Sheet

0.79	ABLZF	ABB	Pair Corr
0.62	VRT	Vertiv Holdings Buyout Trend	Pair Corr
0.86	LGRDY	Legrand SA ADR Earnings Call This Week	Pair Corr
0.83	MIELY	Mitsubishi Electric Corp Earnings Call This Week	Pair Corr
0.72	LGRVF	Legrand SA Earnings Call This Week	Pair Corr
0.69	MIELF	Mitsubishi Electric Earnings Call This Week	Pair Corr
0.63	NVT	nVent Electric PLC Earnings Call This Week	Pair Corr
0.9	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.63	EC	Ecopetrol SA ADR	Pair Corr
0.86	BLAGF	Blue Lagoon Resources	Pair Corr
0.74	TYOYY	Taiyo Yuden	Pair Corr
0.62	ASML	ASML Holding NV	Pair Corr
0.74	FISK	Empire State Realty	Pair Corr
0.88	SJMHF	SJM Holdings	Pair Corr
0.91	PTRRY	Petro Rio SA	Pair Corr
0.71	PVLTF	Beijing Energy Inter	Pair Corr

Moving against Signify Pink Sheet

0.87	2457	Phihong Technology	Pair Corr
0.72	210518DA1	CONSUMERS ENERGY 5	Pair Corr

Related Correlations Analysis

	LGRDY	SFFYF	ENR	PRYMY	WEGRY	DIFTY	RANJY
LGRDY		0.89	-0.35	0.97	0.94	-0.61	0.62	LGRDY
SFFYF	0.89		-0.42	0.91	0.87	-0.57	0.51	SFFYF
ENR	-0.35	-0.42		-0.38	-0.37	-0.04	-0.19	ENR
PRYMY	0.97	0.91	-0.38		0.94	-0.59	0.54	PRYMY
WEGRY	0.94	0.87	-0.37	0.94		-0.64	0.54	WEGRY
DIFTY	-0.61	-0.57	-0.04	-0.59	-0.64		-0.57	DIFTY
RANJY	0.62	0.51	-0.19	0.54	0.54	-0.57		RANJY
	LGRDY	SFFYF	ENR	PRYMY	WEGRY	DIFTY	RANJY

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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

PRYMY	+ 0.97	LGRDY
WEGRY	+ 0.94	LGRDY
WEGRY	+ 0.94	PRYMY
PRYMY	+ 0.91	SFFYF
SFFYF	+ 0.89	LGRDY
WEGRY	+ 0.87	SFFYF

High negative correlations

DIFTY	- 0.64	WEGRY
DIFTY	- 0.61	LGRDY
DIFTY	- 0.59	PRYMY
RANJY	- 0.57	DIFTY
DIFTY	- 0.57	SFFYF
ENR	- 0.42	SFFYF

Risk-Adjusted Indicators

There is a big difference between Signify Pink Sheet performing well and Signify NV 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 Signify NV'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
LGRDY	1.14	0.38	0.35	0.71	0.31	(1.45)	3.24	(1.27)	9.11
SFFYF	1.07	0.38	0.00	(3.44)	0.00	0.00	5.68	(1.47)	13.05
ENR	1.89	(0.11)	0.00	2.42	0.00	0.00	3.23	(4.12)	12.33
PRYMY	1.58	0.45	0.38	0.57	0.69	(2.03)	4.48	(1.54)	9.04
WEGRY	1.36	0.20	0.07	0.49	1.32	(1.82)	3.36	(3.30)	10.31
DIFTY	1.12	(0.10)	0.00	(1.25)	0.00	0.00	2.14	(2.43)	8.26
RANJY	1.25	0.33	0.12	1.58	1.13	(1.45)	3.23	(1.77)	8.58

Be your own money manager

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

Maria Mariani	Chief Management	Profile
Javier Engelen	CFO Management	Profile
Thelke Gerdes	Head Relations	Profile
Mark Bijsterveld	Chief Officer	Profile

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