SBC Medical Correlations

SBCWW Stock

0.25 0.02 8.70%

The current 90-days correlation between SBC Medical Group and Barrick Mining is 0.1 (i.e., Average diversification). The correlation of SBC Medical 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.

SBC Medical Correlation With Market

Significant diversification

The correlation between SBC Medical Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBC Medical Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SBC Stock

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving against SBC Stock

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0.34	SAR	Saratoga Investment Corp Earnings Call This Week	Pair Corr
0.33	ENS	Enersys	Pair Corr
0.32	KUBTY	Kubota Corp ADR	Pair Corr
0.55	CX	Cemex SAB de	Pair Corr
0.51	SWAG	Software Acquisition	Pair Corr
0.51	DVDDF	Dividend 15 Split	Pair Corr
0.46	BRK-B	Berkshire Hathaway	Pair Corr
0.43	HULK	Stan Lee Media	Pair Corr
0.42	WEBNF	Westpac Banking Normal Trading	Pair Corr
0.41	ELF	ELF Beauty	Pair Corr
0.41	JBTM	JBTMarel Corp Symbol Change	Pair Corr

Related Correlations Analysis

	B	ECORF	USGO	MARIF	PMNXF	CWXZF	PASTF
B		-0.48	0.85	0.18	0.95	0.56	0.0	B
ECORF	-0.48		-0.41	0.3	-0.46	-0.24	0.0	ECORF
USGO	0.85	-0.41		0.18	0.9	0.13	0.0	USGO
MARIF	0.18	0.3	0.18		0.1	0.13	0.0	MARIF
PMNXF	0.95	-0.46	0.9	0.1		0.4	0.0	PMNXF
CWXZF	0.56	-0.24	0.13	0.13	0.4		0.0	CWXZF
PASTF	0.0	0.0	0.0	0.0	0.0	0.0		PASTF
	B	ECORF	USGO	MARIF	PMNXF	CWXZF	PASTF

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

PMNXF	+ 0.95	B
PMNXF	+ 0.9	USGO
USGO	+ 0.85	B
CWXZF	+ 0.56	B
CWXZF	+ 0.4	PMNXF
MARIF	+ 0.3	ECORF

High negative correlations

ECORF	- 0.48	B
PMNXF	- 0.46	ECORF
USGO	- 0.41	ECORF
CWXZF	- 0.24	ECORF
PASTF	- 0.0	CWXZF
PASTF	- 0.0	PMNXF

Risk-Adjusted Indicators

There is a big difference between SBC Stock performing well and SBC Medical 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 SBC Medical'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
B	1.55	0.73	0.36	1.68	1.20	(1.84)	3.76	(2.53)	13.60
ECORF	2.40	0.12	0.02	0.13	3.40	(10.15)	12.34	(10.05)	36.34
USGO	3.05	0.74	0.26	1.03	2.32	(3.65)	7.42	(4.36)	32.51
MARIF	2.65	0.65	0.23	0.39	2.05	(3.67)	10.34	(4.36)	32.52
PMNXF	1.73	0.53	0.26	0.90	1.41	(2.19)	5.15	(2.99)	10.01
CWXZF	1.21	0.02	0.00	0.10	1.52	(1.39)	2.08	(2.08)	10.80
PASTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

SBC Medical Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SBC Medical stock to make a market-neutral strategy. Peer analysis of SBC Medical could also be used in its relative valuation, which is a method of valuing SBC Medical by comparing valuation metrics with similar companies.

Barrick Mining Elcora Advanced Materials US GoldMining Common Marimaca Copper Corp Perseus Mining Limited Doman Building Materials Compagnie Plastic Omnium American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

SBC Medical Corporate Management

Ryoji Murata	Principal Officer	Profile
Akiko Wakiyama	Chief Officer	Profile
Akira Komatsu	Chief Secretary	Profile
Taiki Sakaguchi	Corporate Secretary	Profile
Teito Nakagawa	L Co	Profile

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