Servotronics Correlations

Summary

SVTDelisted Stock

USD 46.94 0.00 0.00%

The correlation of Servotronics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Servotronics Correlation With Market

Good diversification

The correlation between Servotronics and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Servotronics and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Servotronics Stock

0.61	BRK-A	Berkshire Hathaway	Pair Corr
0.66	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.65	AXP	American Express	Pair Corr
0.89	MRK	Merck Company Aggressive Push	Pair Corr
0.89	DD	Dupont De Nemours	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.81	KO	Coca Cola	Pair Corr
0.71	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.66	WMT	Walmart Common Stock	Pair Corr
0.89	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against Servotronics Stock

0.84	HPQ	HP Inc	Pair Corr
0.82	TRNR	Interactive Strength	Pair Corr
0.68	BA	Boeing	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.52	VLCN	VLCN Old Symbol Change	Pair Corr
0.46	CVX	Chevron Corp	Pair Corr
0.41	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	SAVE	MNTX	SCX	ARQ	IVAC	OIG	RYM	SPWR	ARC	AZUL
SAVE		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SAVE
MNTX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTX
SCX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SCX
ARQ	0.0	0.0	0.0		-0.95	0.0	0.89	0.6	0.0	0.87	ARQ
IVAC	0.0	0.0	0.0	-0.95		0.0	-0.89	-0.52	0.0	-0.87	IVAC
OIG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OIG
RYM	0.0	0.0	0.0	0.89	-0.89	0.0		0.6	0.0	0.85	RYM
SPWR	0.0	0.0	0.0	0.6	-0.52	0.0	0.6		0.0	0.51	SPWR
ARC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ARC
AZUL	0.0	0.0	0.0	0.87	-0.87	0.0	0.85	0.51	0.0		AZUL
	SAVE	MNTX	SCX	ARQ	IVAC	OIG	RYM	SPWR	ARC	AZUL

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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

RYM	+ 0.89	ARQ
AZUL	+ 0.87	ARQ
AZUL	+ 0.85	RYM
SPWR	+ 0.6	ARQ
SPWR	+ 0.6	RYM
AZUL	+ 0.51	SPWR

High negative correlations

IVAC	- 0.95	ARQ
RYM	- 0.89	IVAC
AZUL	- 0.87	IVAC
SPWR	- 0.52	IVAC
AZUL	- 0.0	ARC
ARC	- 0.0	SPWR

Risk-Adjusted Indicators

There is a big difference between Servotronics Stock performing well and Servotronics 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 Servotronics' 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
SAVE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MNTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARQ	2.50	(1.23)	0.00	(0.44)	0.00	0.00	4.48	(5.71)	42.57
IVAC	1.32	0.37	0.22	3.10	0.76	(1.82)	4.42	(2.05)	19.96
OIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYM	6.21	(0.21)	0.00	(2.03)	0.00	0.00	11.59	(15.38)	63.12
SPWR	4.28	0.05	0.04	0.07	4.81	(4.54)	11.11	(8.09)	27.05
ARC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZUL	5.39	(2.46)	0.00	(2.24)	0.00	0.00	9.29	(13.21)	37.84

Servotronics Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Servotronics stock to make a market-neutral strategy. Peer analysis of Servotronics could also be used in its relative valuation, which is a method of valuing Servotronics by comparing valuation metrics with similar companies.

Spirit Airlines Manitex International LS Starrett Arq Inc Intevac Orbital Energy Group RYTHM, Inc Complete Solaria, ARC Document Solutions Azul SA American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in Servotronics?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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