Sachem Capital Correlations

SACH
 Stock
  

USD 4.08  0.06  1.49%   

The correlation of Sachem Capital is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sachem Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sachem Capital Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Sachem Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sachem Capital 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 Sachem Capital - 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 Sachem Capital Corp to buy it.

Moving together with Sachem Capital

0.75AGNCOAgnc Investment CorpPairCorr
0.76NLYAnnaly Capital ManagementPairCorr
0.83AGNCNAgnc Investment CorpPairCorr
0.8AGNCMAgnc Investment CorpPairCorr
0.86STWDStarwood Property TrustPairCorr
0.71AGNCPAgnc Investment CorpPairCorr
0.65AGNCAgnc Investment CorpPairCorr
0.8MFAMFA FinancialPairCorr
0.71NRZNew Residential Inve Earnings Call  In Three WeeksPairCorr
0.81IVRInvesco Mortgage Capital Aggressive PushPairCorr
0.83BRYBerry Pete CorpPairCorr
0.7SANPSANTO MINING CORPPairCorr
0.67NSAVNet Savings LinkPairCorr

Related Correlations

NLY
AGNC
MFA
ALNA
NLY
0.920.950.49
NLY
AGNC
0.920.820.37
AGNC
MFA
0.950.820.58
MFA
ALNA
0.490.370.58
ALNA
NLY
AGNC
MFA
ALNA
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
MFANLY
AGNCNLY
MFAAGNC
ALNAMFA
ALNANLY
ALNAAGNC
  

Sachem Capital Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Sachem Capital stock performing well and Sachem Capital company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Sachem Capital's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sachem Capital without increasing your portfolio risk or giving up 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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Investing Sachem Capital Corp

You need to understand the risk of investing before taking a position in Sachem Capital. The danger of trading Sachem Capital Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sachem Capital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sachem Capital. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sachem Capital Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the Sachem Capital Corp information on this page should be used as a complementary analysis to other Sachem Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Sachem Stock analysis

When running Sachem Capital Corp price analysis, check to measure Sachem Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sachem Capital is operating at the current time. Most of Sachem Capital's value examination focuses on studying past and present price action to predict the probability of Sachem Capital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sachem Capital's price. Additionally, you may evaluate how the addition of Sachem Capital to your portfolios can decrease your overall portfolio volatility.
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Is Sachem Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sachem Capital. If investors know Sachem will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sachem Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sachem Capital Corp is measured differently than its book value, which is the value of Sachem that is recorded on the company's balance sheet. Investors also form their own opinion of Sachem Capital's value that differs from its market value or its book value, called intrinsic value, which is Sachem Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sachem Capital's market value can be influenced by many factors that don't directly affect Sachem Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sachem Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine Sachem Capital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sachem Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.