SBC Communications Correlations

SBC Stock

3.31 0.05 1.49%

The current 90-days correlation between SBC Communications and Acco Brands is 0.17 (i.e., Average diversification). The correlation of SBC Communications 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.

SBC Communications Correlation With Market

Average diversification

The correlation between SBC Communications and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBC Communications and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SBC Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade SBC Stock refer to our How to Trade SBC Stock guide.

Moving together with SBC Stock

0.68	CI	Cigna Corp	Pair Corr
0.61	300015	Aier Eye Hospital	Pair Corr
0.61	600763	Top Choice Medical	Pair Corr
0.85	OPT	Optima Health plc	Pair Corr
0.85	CNCK	Coincheck Group NV	Pair Corr

Moving against SBC Stock

0.86	CAH	Cardinal Health	Pair Corr
0.85	COR	Cencora	Pair Corr
0.81	HCG	Healthcare Global	Pair Corr
0.7	INDRAMEDCO	Indraprastha Medical	Pair Corr
0.7	XYL	Xylem Inc	Pair Corr
0.55	ASTERDM	Aster DM Healthcare	Pair Corr
0.54	CVS	CVS Health Corp	Pair Corr
0.31	FORTIS	Fortis Healthcare	Pair Corr
0.8	LSRCY	Lasertec	Pair Corr
0.77	INVX	Innovex International,	Pair Corr
0.7	ATCD	Altair Corp	Pair Corr
0.68	SSLLF	Siltronic AG	Pair Corr
0.68	GEBHF	Genting Berhad	Pair Corr
0.64	NEE	Nextera Energy	Pair Corr
0.57	FET	Forum Energy Technologies Earnings Call Today	Pair Corr
0.51	BK	Bank of New York	Pair Corr
0.48	GLW	Corning Incorporated Sell-off Trend	Pair Corr
0.45	CVI	CVR Energy	Pair Corr

Related Correlations Analysis

	ACCO	KNOP	LXFR	SPIR	MTW	WNC	FLYX	BBCP	ANPA	PANL
ACCO		-0.35	0.83	0.4	-0.28	0.67	0.7	0.73	0.26	-0.36	ACCO
KNOP	-0.35		-0.02	0.1	0.65	-0.65	-0.04	-0.48	-0.42	0.31	KNOP
LXFR	0.83	-0.02		0.4	-0.08	0.57	0.83	0.74	0.27	-0.06	LXFR
SPIR	0.4	0.1	0.4		0.2	-0.17	0.27	0.14	-0.54	-0.55	SPIR
MTW	-0.28	0.65	-0.08	0.2		-0.65	-0.32	-0.57	-0.5	0.16	MTW
WNC	0.67	-0.65	0.57	-0.17	-0.65		0.57	0.87	0.79	0.04	WNC
FLYX	0.7	-0.04	0.83	0.27	-0.32	0.57		0.72	0.35	-0.05	FLYX
BBCP	0.73	-0.48	0.74	0.14	-0.57	0.87	0.72		0.59	-0.02	BBCP
ANPA	0.26	-0.42	0.27	-0.54	-0.5	0.79	0.35	0.59		0.44	ANPA
PANL	-0.36	0.31	-0.06	-0.55	0.16	0.04	-0.05	-0.02	0.44		PANL
	ACCO	KNOP	LXFR	SPIR	MTW	WNC	FLYX	BBCP	ANPA	PANL

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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

BBCP	+ 0.87	WNC
LXFR	+ 0.83	ACCO
FLYX	+ 0.83	LXFR
ANPA	+ 0.79	WNC
BBCP	+ 0.74	LXFR
BBCP	+ 0.73	ACCO

High negative correlations

WNC	- 0.65	MTW
WNC	- 0.65	KNOP
BBCP	- 0.57	MTW
PANL	- 0.55	SPIR
ANPA	- 0.54	SPIR
ANPA	- 0.5	MTW

Risk-Adjusted Indicators

There is a big difference between SBC Stock performing well and SBC Communications 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 SBC Communications' 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
ACCO	1.51	(0.29)	0.00	(0.09)	0.00	0.00	2.89	(3.84)	11.00
KNOP	1.91	0.47	0.19	(1.39)	1.58	(2.29)	5.93	(3.32)	14.39
LXFR	1.67	(0.14)	0.00	(0.02)	0.00	0.00	3.17	(3.44)	10.91
SPIR	3.63	(0.60)	0.00	(0.08)	0.00	0.00	6.38	(11.38)	37.36
MTW	1.96	0.17	0.08	0.17	2.33	(2.19)	4.28	(3.72)	15.85
WNC	1.88	(0.62)	0.00	(0.27)	0.00	0.00	3.11	(3.93)	16.89
FLYX	4.90	0.39	0.07	0.57	5.38	(6.22)	9.87	(7.23)	45.93
BBCP	1.99	(0.20)	0.00	(0.11)	0.00	0.00	3.55	(4.01)	17.29
ANPA	5.76	0.02	0.02	0.07	7.62	(5.64)	14.06	(12.03)	42.94
PANL	1.90	0.30	0.17	0.22	1.73	(2.26)	5.01	(3.56)	19.15

SBC Communications Corporate Management

Ryoji Murata	Principal Officer	Profile
Akiko Wakiyama	Chief Officer	Profile
Akira Komatsu	Chief Secretary	Profile
Taiki Sakaguchi	Corporate Secretary	Profile
Teito Nakagawa	L Co	Profile

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