Strix Group Correlations

SG9 Stock

EUR 0.47 0.03 6.82%

The current 90-days correlation between Strix Group Plc and Golden Entertainment is -0.08 (i.e., Good diversification). The correlation of Strix Group 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.

Strix Group Correlation With Market

Good diversification

The correlation between Strix Group Plc and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strix Group Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Strix Stock

0.59	TCID	Telkom Indonesia Tbk	Pair Corr
0.39	SSUN	Samsung Electronics	Pair Corr
0.37	SSUN	Samsung Electronics	Pair Corr
0.35	SSU	Samsung Electronics	Pair Corr
0.34	SSU	Samsung Electronics	Pair Corr

Related Correlations Analysis

	NXZ	GG7	PSMA	GE6	2LH	M1W	LY1	PPB
NXZ		0.24	0.9	0.86	-0.63	0.39	-0.09	0.64	NXZ
GG7	0.24		0.23	0.52	-0.51	0.34	-0.46	0.49	GG7
PSMA	0.9	0.23		0.81	-0.51	0.57	-0.04	0.71	PSMA
GE6	0.86	0.52	0.81		-0.63	0.51	-0.31	0.73	GE6
2LH	-0.63	-0.51	-0.51	-0.63		0.0	0.22	-0.25	2LH
M1W	0.39	0.34	0.57	0.51	0.0		-0.17	0.81	M1W
LY1	-0.09	-0.46	-0.04	-0.31	0.22	-0.17		-0.18	LY1
PPB	0.64	0.49	0.71	0.73	-0.25	0.81	-0.18		PPB
	NXZ	GG7	PSMA	GE6	2LH	M1W	LY1	PPB

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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

PSMA	+ 0.9	NXZ
GE6	+ 0.86	NXZ
GE6	+ 0.81	PSMA
PPB	+ 0.81	M1W
PPB	+ 0.73	GE6
PPB	+ 0.71	PSMA

High negative correlations

2LH	- 0.63	GE6
2LH	- 0.63	NXZ
2LH	- 0.51	PSMA
2LH	- 0.51	GG7
LY1	- 0.46	GG7
LY1	- 0.31	GE6

Risk-Adjusted Indicators

There is a big difference between Strix Stock performing well and Strix Group 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 Strix Group'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
NXZ	1.65	0.12	0.04	0.28	1.71	(1.87)	4.63	(3.00)	9.85
GG7	1.99	0.26	0.05	1.52	2.41	(2.28)	4.32	(3.85)	10.95
PSMA	1.27	0.32	0.14	2.27	0.98	(1.79)	3.45	(2.05)	10.42
GE6	1.68	0.16	0.04	0.46	1.92	(2.21)	4.13	(2.90)	11.03
2LH	1.28	(0.14)	0.00	(0.91)	0.00	0.00	3.44	(2.43)	11.89
M1W	3.40	0.65	0.09	(14.42)	3.54	(5.53)	8.51	(6.06)	30.92
LY1	2.58	0.08	(0.01)	(2.10)	3.06	(6.64)	5.88	(5.56)	22.29
PPB	1.36	0.38	0.15	48.81	1.34	(1.56)	3.25	(2.64)	8.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Strix Group 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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Strix Group Corporate Management

Elected by the shareholders, the Strix Group's board of directors comprises two types of representatives: Strix Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Strix. The board's role is to monitor Strix Group's management team and ensure that shareholders' interests are well served. Strix Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Strix Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mark Kirkland	Non-Executive Director	Profile
Nick Gibbs	Engineering Director	Profile
Richard Sells	Non-Executive Director	Profile
Nigel Wheeler	Director, Aqua Optima	Profile
Matt Thomas	Director of Group Manufacturing Engineering and Customer Quality	Profile

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