Somnigroup International Correlations

SGI Stock

73.61 0.23 0.31%

The current 90-days correlation between Somnigroup International and Nasdaq Inc is 0.6 (i.e., Poor diversification). The correlation of Somnigroup 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.

Somnigroup International Correlation With Market

Poor diversification

The correlation between Somnigroup International and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Somnigroup International and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Somnigroup 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 price.

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

Moving together with Somnigroup Stock

0.91	SN	SharkNinja,	Pair Corr
0.72	VIOT	Viomi Technology ADR	Pair Corr
0.81	EFOI	Energy Focu	Pair Corr
0.72	FLXS	Flexsteel Industries	Pair Corr
0.71	ETD	Ethan Allen Interiors Earnings Call This Week	Pair Corr
0.68	FGI	FGI Industries	Pair Corr
0.7	LEG	Leggett Platt	Pair Corr
0.85	WHR	Whirlpool Earnings Call Today	Pair Corr
0.8	HOFT	Hooker Furniture	Pair Corr
0.85	IRBT	iRobot	Pair Corr
0.9	KEQU	Kewaunee Scientific	Pair Corr
0.75	LCUT	Lifetime Brands	Pair Corr
0.79	NVFY	Nova Lifestyle I	Pair Corr
0.94	PATK	Patrick Industries	Pair Corr
0.71	COOK	Traeger	Pair Corr
0.84	IP	International Paper	Pair Corr
0.84	MB	MasterBeef Group Ordinary	Pair Corr
0.85	OI	O I Glass Earnings Call This Week	Pair Corr
0.84	SW	Smurfit WestRock plc Potential Growth	Pair Corr
0.81	F-PB	Ford Motor	Pair Corr
0.84	F-PC	Ford Motor	Pair Corr
0.85	F-PD	F PD	Pair Corr

Moving against Somnigroup Stock

0.72	NTZ	Natuzzi SpA	Pair Corr
0.67	OESX	Orion Energy Systems	Pair Corr
0.57	FGIWW	FGI Industries	Pair Corr
0.47	LOVE	Lovesac	Pair Corr
0.31	MWYN	Marwynn Holdings, Common	Pair Corr
0.7	VIRC	Virco Manufacturing	Pair Corr
0.62	CHA	Chagee Holdings	Pair Corr
0.52	ATER	Aterian	Pair Corr

Related Correlations Analysis

	NDAQ	NTWK	HAFN	WB	DH	DDOG	ZH	NTSGF
NDAQ		0.82	0.83	0.94	0.96	0.96	0.55	0.81	NDAQ
NTWK	0.82		0.56	0.81	0.79	0.87	0.78	0.55	NTWK
HAFN	0.83	0.56		0.8	0.79	0.76	0.3	0.73	HAFN
WB	0.94	0.81	0.8		0.89	0.89	0.54	0.81	WB
DH	0.96	0.79	0.79	0.89		0.92	0.52	0.8	DH
DDOG	0.96	0.87	0.76	0.89	0.92		0.68	0.71	DDOG
ZH	0.55	0.78	0.3	0.54	0.52	0.68		0.25	ZH
NTSGF	0.81	0.55	0.73	0.81	0.8	0.71	0.25		NTSGF
	NDAQ	NTWK	HAFN	WB	DH	DDOG	ZH	NTSGF

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Risk-Adjusted Indicators

There is a big difference between Somnigroup Stock performing well and Somnigroup 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 Somnigroup 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
NDAQ	0.75	0.19	0.15	0.36	0.68	(0.82)	1.91	(1.46)	5.03
NTWK	2.13	0.85	0.27	2.58	1.98	(2.54)	6.63	(2.85)	21.12
HAFN	1.47	0.41	0.13	(5.29)	1.51	(1.63)	3.55	(2.67)	9.02
WB	1.45	0.40	0.22	2.38	0.94	(1.90)	4.28	(1.83)	9.01
DH	2.56	0.67	0.21	0.84	2.07	(3.04)	5.06	(4.48)	37.54
DDOG	1.76	0.56	0.34	0.66	1.17	(2.18)	4.17	(2.24)	19.16
ZH	2.06	0.27	0.11	0.39	1.97	(2.34)	6.13	(3.50)	11.38
NTSGF	1.16	0.40	0.00	(2.43)	0.00	0.00	2.33	0.00	37.95

Somnigroup International Corporate Management

Jimmy Rose	Senior Operations	Profile
Kindra Bellis	Chief Officer	Profile
David Montgomery	Executive Development	Profile
Mohammad Vakil	General Counsel	Profile
Clifford III	Chief America	Profile
Kindel Nuno	Chief Officer	Profile

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