STG International Correlations

The current 90-days correlation between STG International and Accel Solutions Group is 0.18 (i.e., Average diversification). The correlation of STG 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.

STG International Correlation With Market

Good diversification

The correlation between STG International and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STG International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against STG Stock

0.64	PTNR	Partner	Pair Corr
0.54	TPGM	Top Gum Industries	Pair Corr
0.51	ISOP-L	Israel Opportunity	Pair Corr
0.48	MZTF	Mizrahi Tefahot	Pair Corr
0.47	PHOE	Phoenix Holdings	Pair Corr
0.46	DSCT	Israel Discount Bank	Pair Corr
0.42	MMHD	Menora Miv Hld	Pair Corr
0.41	LUMI	Bank Leumi Le	Pair Corr
0.4	BLGO	Buligo Capital	Pair Corr
0.37	FIBIH	FIBI Holdings	Pair Corr
0.35	HARL	Harel Insurance Inve	Pair Corr
0.34	PLNT	Plantarc Bio	Pair Corr
0.33	CLIS	Clal Insurance Enter	Pair Corr
0.33	FIBI	First International Bank	Pair Corr
0.69	PRMG	Primotec Group	Pair Corr
0.57	MTDS	Meitav Dash Investments	Pair Corr
0.5	0P00013UB9	Yelin Lapidot Growth	Pair Corr
0.46	HGGE	Hagag Europe Development	Pair Corr
0.46	PIU	Poalim Ibi	Pair Corr
0.46	FTAL	Fattal 1998 Holdings	Pair Corr
0.43	IDIN	IDI Insurance	Pair Corr
0.4	GLTL	Gilat Telecom Global	Pair Corr
0.36	YHNF	M Yochananof	Pair Corr
0.35	MAXO	Max Stock	Pair Corr

Related Correlations Analysis

	ACCL	ICON	BRMG	SARN	RLCO	UNIT	CMER	ALAR	EMCO	PMNT
ACCL		0.47	-0.34	-0.07	0.01	0.02	0.16	0.16	0.71	-0.42	ACCL
ICON	0.47		-0.41	-0.51	-0.29	-0.43	0.27	-0.27	0.45	0.08	ICON
BRMG	-0.34	-0.41		0.48	0.72	0.37	-0.47	0.33	-0.39	0.04	BRMG
SARN	-0.07	-0.51	0.48		0.11	0.63	-0.58	0.77	-0.15	-0.53	SARN
RLCO	0.01	-0.29	0.72	0.11		0.2	0.0	0.01	-0.06	0.27	RLCO
UNIT	0.02	-0.43	0.37	0.63	0.2		-0.55	0.75	-0.02	-0.56	UNIT
CMER	0.16	0.27	-0.47	-0.58	0.0	-0.55		-0.71	-0.03	0.11	CMER
ALAR	0.16	-0.27	0.33	0.77	0.01	0.75	-0.71		0.26	-0.71	ALAR
EMCO	0.71	0.45	-0.39	-0.15	-0.06	-0.02	-0.03	0.26		-0.38	EMCO
PMNT	-0.42	0.08	0.04	-0.53	0.27	-0.56	0.11	-0.71	-0.38		PMNT
	ACCL	ICON	BRMG	SARN	RLCO	UNIT	CMER	ALAR	EMCO	PMNT

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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

ALAR	+ 0.77	SARN
ALAR	+ 0.75	UNIT
RLCO	+ 0.72	BRMG
EMCO	+ 0.71	ACCL
UNIT	+ 0.63	SARN
SARN	+ 0.48	BRMG

High negative correlations

PMNT	- 0.71	ALAR
ALAR	- 0.71	CMER
CMER	- 0.58	SARN
PMNT	- 0.56	UNIT
CMER	- 0.55	UNIT
PMNT	- 0.53	SARN

Risk-Adjusted Indicators

There is a big difference between STG Stock performing well and STG 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 STG 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
ACCL	1.98	0.04	(0.01)	0.38	2.14	(3.08)	6.52	(3.32)	13.74
ICON	1.62	0.06	(0.02)	(0.06)	2.12	(2.28)	5.70	(4.64)	15.25
BRMG	1.66	(0.18)	0.00	(1.61)	0.00	0.00	3.95	(4.22)	11.98
SARN	1.82	(0.19)	0.00	(2.48)	0.00	0.00	4.38	(4.26)	13.87
RLCO	1.83	(0.49)	0.00	(2.26)	0.00	0.00	3.46	(5.16)	13.06
UNIT	1.78	(0.07)	0.00	14.02	0.00	0.00	3.37	(5.01)	11.93
CMER	1.82	0.39	0.16	(1.08)	1.50	(2.33)	3.10	(2.88)	18.87
ALAR	3.42	(1.29)	0.00	(8.21)	0.00	0.00	9.81	(7.44)	34.17
EMCO	1.29	0.08	0.00	2.05	1.47	(1.38)	3.03	(2.51)	6.60
PMNT	1.68	0.41	0.13	3.55	1.91	(1.92)	4.32	(2.96)	16.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in STG International 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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