Steel Partners Correlations
| SPLP-PA Preferred Stock | USD 24.60 0.02 0.08% |
The current 90-days correlation between Steel Partners Holdings and Compass Diversified is 0.25 (i.e., Modest diversification). The correlation of Steel Partners 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.
Steel Partners Correlation With Market
Significant diversification
The correlation between Steel Partners Holdings and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steel Partners Holdings and DJI in the same portfolio, assuming nothing else is changed.
Steel |
The ability to find closely correlated positions to Steel Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Partners 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 Steel Partners - 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 Steel Partners Holdings to buy it.
Moving together with Steel Preferred Stock
| 0.88 | MDU | MDU Resources Group | PairCorr |
| 0.76 | B | Barnes Group | PairCorr |
| 0.81 | J | Jacobs Solutions Fiscal Year End 19th of November 2024 | PairCorr |
| 0.74 | R | Ryder System | PairCorr |
| 0.75 | AZ | A2Z Smart Technologies Tech Boost | PairCorr |
| 0.68 | BR | Broadridge Financial | PairCorr |
| 0.64 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
| 0.81 | BW | Babcock Wilcox Enter | PairCorr |
| 0.67 | CR | Crane Company | PairCorr |
| 0.86 | CW | Curtiss Wright | PairCorr |
| 0.79 | DE | Deere Company Earnings Call This Week | PairCorr |
| 0.63 | EH | Ehang Holdings Earnings Call This Week | PairCorr |
| 0.63 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.85 | IR | Ingersoll Rand | PairCorr |
| 0.65 | KC | Kingsoft Cloud Holdings Earnings Call This Week | PairCorr |
| 0.64 | LZ | LegalZoom | PairCorr |
| 0.88 | NL | NL Industries | PairCorr |
| 0.63 | NX | Quanex Building Products Fiscal Year End 12th of December 2024 | PairCorr |
| 0.85 | OC | Owens Corning | PairCorr |
Moving against Steel Preferred Stock
| 0.88 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.77 | CODI-PA | Compass Diversified | PairCorr |
| 0.59 | CODI-PB | Compass Diversified | PairCorr |
| 0.56 | ALPP | Alpine 4 Holdings | PairCorr |
| 0.4 | CODI-PC | Compass Diversified | PairCorr |
| 0.43 | HI | Hillenbrand Fiscal Year End 20th of November 2024 | PairCorr |
| 0.38 | CP | Canadian Pacific Railway | PairCorr |
| 0.84 | RR | Richtech Robotics Class | PairCorr |
| 0.75 | ST | Sensata Technologies | PairCorr |
| 0.55 | SB | Safe Bulkers | PairCorr |
| 0.53 | MG | Mistras Group | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Steel Preferred Stock performing well and Steel Partners 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 Steel Partners' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CODI-PA | 0.38 | (0.07) | 0.00 | 5.18 | 0.00 | 1.02 | 2.60 | |||
| BBU | 1.51 | 0.24 | 0.15 | 0.31 | 1.38 | 3.19 | 8.24 | |||
| MATW | 1.40 | (0.25) | 0.00 | (0.08) | 0.00 | 2.64 | 8.96 | |||
| TRC | 1.27 | (0.26) | 0.00 | (0.05) | 0.00 | 2.60 | 14.35 | |||
| CODI-PC | 0.38 | (0.03) | 0.00 | 0.35 | 0.00 | 0.87 | 3.32 | |||
| SPLP | 1.49 | 0.08 | 0.02 | 0.23 | 2.00 | 3.70 | 15.59 | |||
| CODI-PB | 0.34 | (0.04) | 0.00 | 1.15 | 0.00 | 0.86 | 2.59 | |||
| SEB | 1.02 | (0.18) | 0.00 | (1.18) | 0.00 | 1.87 | 7.23 | |||
| VMI | 1.30 | 0.16 | 0.13 | 0.23 | 1.06 | 2.65 | 12.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Steel Partners 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.Did you try this?
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Steel Partners Corporate Management
| Stephanie McKinney | Chief Officer | Profile | |
| Peter Marciniak | VP HR | Profile | |
| Jason Wong | Chief Inc | Profile | |
| Maria Reda | Assistant Inc | Profile | |
| Gordon Walker | VP | Profile | |
| Rory Yanchek | Pres MTI | Profile | |
| Jack Howard | Pres Inc | Profile |