Service International Correlations

SCI Stock

USD 79.67 0.18 0.23%

The current 90-days correlation between Service International and SharkNinja, is -0.21 (i.e., Very good diversification). The correlation of Service International 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.

Service International Correlation With Market

Weak diversification

The correlation between Service International and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Service International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Service Stock

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

For more detail on how to invest in Service Stock please use our How to Invest in Service International guide.

Moving together with Service Stock

0.68	PLG	Platinum Group Metals	Pair Corr
0.61	IONQ	IONQ Inc	Pair Corr
0.66	BLNK	Blink Charging	Pair Corr

Moving against Service Stock

0.46	BFAM	Bright Horizons Family	Pair Corr
0.45	APTECHT	Aptech Limited	Pair Corr
0.39	000526	Xiamen Insight Investment	Pair Corr
0.34	WW	WW International, Common	Pair Corr
0.34	600455	ButOne Information Corp	Pair Corr
0.42	FUTU	Futu Holdings Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SN	CCK	TXRH	DECK	HTHT	BALL	NCLH	CART	PAG	CSV
SN		0.24	0.13	0.8	-0.64	0.74	0.71	0.88	0.9	0.01	SN
CCK	0.24		0.28	-0.14	0.01	0.41	-0.19	0.12	0.07	0.02	CCK
TXRH	0.13	0.28		0.11	-0.45	0.43	0.13	0.12	0.29	0.28	TXRH
DECK	0.8	-0.14	0.11		-0.55	0.64	0.82	0.77	0.89	0.0	DECK
HTHT	-0.64	0.01	-0.45	-0.55		-0.63	-0.68	-0.56	-0.73	-0.46	HTHT
BALL	0.74	0.41	0.43	0.64	-0.63		0.53	0.61	0.77	0.21	BALL
NCLH	0.71	-0.19	0.13	0.82	-0.68	0.53		0.65	0.82	0.38	NCLH
CART	0.88	0.12	0.12	0.77	-0.56	0.61	0.65		0.82	-0.13	CART
PAG	0.9	0.07	0.29	0.89	-0.73	0.77	0.82	0.82		0.15	PAG
CSV	0.01	0.02	0.28	0.0	-0.46	0.21	0.38	-0.13	0.15		CSV
	SN	CCK	TXRH	DECK	HTHT	BALL	NCLH	CART	PAG	CSV

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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

PAG	+ 0.9	SN
PAG	+ 0.89	DECK
CART	+ 0.88	SN
NCLH	+ 0.82	DECK
PAG	+ 0.82	NCLH
PAG	+ 0.82	CART

High negative correlations

PAG	- 0.73	HTHT
NCLH	- 0.68	HTHT
HTHT	- 0.64	SN
BALL	- 0.63	HTHT
CART	- 0.56	HTHT
HTHT	- 0.55	DECK

Risk-Adjusted Indicators

There is a big difference between Service Stock performing well and Service International 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 Service International'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
SN	1.77	(0.50)	0.00	(0.50)	0.00	0.00	2.74	(3.56)	14.41
CCK	1.08	(0.09)	0.00	(0.11)	0.00	0.00	2.26	(2.25)	8.01
TXRH	1.11	(0.09)	0.00	(0.06)	0.00	0.00	2.60	(2.63)	8.45
DECK	2.08	(0.32)	0.00	1.64	0.00	0.00	3.60	(3.98)	19.43
HTHT	1.35	0.42	0.36	0.86	0.69	(1.83)	4.01	(1.78)	9.63
BALL	1.04	(0.16)	0.00	(4.38)	0.00	0.00	2.08	(2.50)	7.46
NCLH	1.69	(0.54)	0.00	(0.19)	0.00	0.00	3.42	(3.61)	22.52
CART	1.81	(0.07)	0.00	0.66	0.00	0.00	4.55	(3.06)	14.95
PAG	0.94	(0.25)	0.00	(0.22)	0.00	0.00	1.83	(1.84)	6.61
CSV	1.27	(0.25)	0.00	(0.14)	0.00	0.00	2.85	(2.68)	9.80

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