SaiTech Global Correlations

SAI
 Stock
  

USD 2.51  0.17  6.34%   

The correlation of SaiTech Global 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 SaiTech Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SaiTech Global 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.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to SaiTech Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SaiTech Global 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 SaiTech Global - 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 SaiTech Global Corp to buy it.

Moving together with SaiTech Global

+0.73GOOGAlphabet Cl CPairCorr
+0.8AMZNAmazon IncPairCorr
+0.77CIACitizensPairCorr
+0.64KSHBKUSHCO HOLDINGS INCPairCorr
+0.72RDCPFRedishred Capital CorpPairCorr
+0.7MRLWFMarlowe PlcPairCorr

Moving against SaiTech Global

-0.81AGCBAltimeter Growth CorpPairCorr
-0.72XOMExxon Mobil CorpPairCorr
-0.86PBFPBF EnergyPairCorr
-0.77SGMLSigma Lithium Corp Sell-off TrendPairCorr
-0.76CYTRCYTRX CORPPairCorr

Related Correlations

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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   
CNQXOM
MSFTGOOG
GOOGAMZN
MSFTAAPL
XOMBRK-A
CNQBRK-A
  
High negative correlations   
AMZNXOM
CNQAMZN
AMZNBRK-A
GOOGXOM
AMZNBMYMP
GOOGBMYMP

SaiTech Global Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between SaiTech Stock performing well and SaiTech Global 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 SaiTech Global'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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AAPL 1.91 (0.25)  0.00 (0.11)  0.00 (0.09)  0.00  3.36 (3.77)  11.79 
2881 1.02  0.03  0.00  0.11  1.34  0.0012 (1.03)  2.33 (2.00)  6.71 
BMYMP 1.73  0.17  0.02  0.36  3.22  0.0301 (3.27)  10.00 (4.37)  41.47 
BRK-A 1.27  0.06  0.04  0.12  1.30  0.0376 (1.49)  3.19 (2.47)  6.26 
XOM 1.62  0.18  0.08  0.26  1.82  0.08 (1.72)  3.65 (2.91)  9.75 
AMZN 2.23 (0.60)  0.00 (0.34)  0.00 (0.18)  0.00  4.31 (5.00)  14.52 
GOOG 1.93 (0.31)  0.00 (0.16)  0.00 (0.11)  0.00  3.70 (4.39)  13.34 
UNH 1.17 (0.03) (0.03)  0.01  1.63 (0.0363) (1.06)  2.07 (2.42)  6.64 
MSFT 1.76 (0.23)  0.00 (0.10)  0.00 (0.08)  0.00  3.76 (3.86)  11.64 
CNQ 1.92  0.06  0.03  0.12  2.29  0.0266 (2.11)  4.02 (3.19)  11.52 

Be your own money manager

Our tools can tell you how much better you can do entering a position in SaiTech Global 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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SaiTech Global Corporate Directors

SaiTech Global corporate directors refer to members of a SaiTech Global board of directors. The board of directors generally takes responsibility for the SaiTech Global's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SaiTech Global's board members must vote for the resolution. The SaiTech Global board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Andrew Jones - Group Director - Human ResourcesProfile
Anna Buduls - Non-Executive Independent DirectorProfile
Anne Scorey - Regional Director - EMEAProfile
Robert Aitken - Non-Executive DirectorProfile

Invested in SaiTech Global Corp?

The danger of trading SaiTech Global 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 SaiTech Global 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 SaiTech Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SaiTech Global 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 SaiTech Global Corp information on this page should be used as a complementary analysis to other SaiTech Global'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for SaiTech Stock analysis

When running SaiTech Global Corp price analysis, check to measure SaiTech Global'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 SaiTech Global is operating at the current time. Most of SaiTech Global's value examination focuses on studying past and present price action to predict the probability of SaiTech Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SaiTech Global's price. Additionally, you may evaluate how the addition of SaiTech Global to your portfolios can decrease your overall portfolio volatility.
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Is SaiTech Global'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 SaiTech Global. If investors know SaiTech 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 SaiTech Global 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 SaiTech Global Corp is measured differently than its book value, which is the value of SaiTech that is recorded on the company's balance sheet. Investors also form their own opinion of SaiTech Global's value that differs from its market value or its book value, called intrinsic value, which is SaiTech Global'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 SaiTech Global's market value can be influenced by many factors that don't directly affect SaiTech Global'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 SaiTech Global's value and its price as these two are different measures arrived at by different means. Investors typically determine SaiTech Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SaiTech Global'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.