Servotronics Correlations
| 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
Poor diversification
The correlation between Servotronics and DJI is 0.7 (i.e., Poor 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.
Servotronics |
Moving together with Servotronics Stock
| 0.91 | GEL | Genesis Energy LP | PairCorr |
| 0.81 | UAMY | United States Antimony Buyout Trend | PairCorr |
| 0.85 | ESCA | Escalade Incorporated | PairCorr |
| 0.93 | SOJE | Southern Company | PairCorr |
| 0.63 | ICAGY | International Consolidated Earnings Call Tomorrow | PairCorr |
| 0.89 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
| 0.75 | PSX | Phillips 66 | PairCorr |
| 0.79 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.85 | ENBP | ENB Financial Corp | PairCorr |
| 0.85 | CAPL | Crossamerica Partners | PairCorr |
| 0.77 | PDER | Pardee Resources | PairCorr |
| 0.96 | WEJTY | Webjet Limited | PairCorr |
| 0.81 | GL-PD | Globe Life 425 | PairCorr |
| 0.86 | DFKCY | Daifuku Co | PairCorr |
| 0.83 | DREUF | Dream Industrial Real | PairCorr |
| 0.78 | BHB | Bar Harbor Bankshares | PairCorr |
| 0.86 | BCO | Brinks Company Earnings Call Today | PairCorr |
| 0.63 | PRTS | CarPartsCom Earnings Call This Week | PairCorr |
| 0.66 | TFC | Truist Financial Corp | PairCorr |
| 0.9 | MOG-A | Moog Inc | PairCorr |
| 0.85 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.89 | ALFVF | Alfa Laval AB | PairCorr |
| 0.79 | TRP | TC Energy Corp | PairCorr |
| 0.94 | TDY | Teledyne Technologies | PairCorr |
| 0.8 | ITW | Illinois Tool Works | PairCorr |
Moving against Servotronics Stock
| 0.86 | TRNR | Interactive Strength | PairCorr |
| 0.77 | APVO | Aptevo Therapeutics | PairCorr |
| 0.77 | NIVF | NewGenIvf Group | PairCorr |
| 0.52 | VLCN | Volcon Inc Symbol Change | PairCorr |
| 0.51 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.4 | TTCM | Tautachrome | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | |||
| MNTX | 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 | |||
| ARQ | 2.36 | (0.13) | (0.01) | 0.03 | 2.77 | 6.06 | 13.01 | |||
| IVAC | 1.32 | 0.36 | 0.19 | 2.86 | 0.76 | 4.42 | 19.96 | |||
| OIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RYM | 5.48 | 0.16 | 0.01 | (0.90) | 6.01 | 11.59 | 63.12 | |||
| SPWR | 2.72 | (0.27) | 0.00 | (0.04) | 0.00 | 6.54 | 16.15 | |||
| ARC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AZUL | 5.39 | (2.46) | 0.00 | (3.71) | 0.00 | 9.29 | 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.
| Risk & Return | Correlation |
Still Interested in Servotronics?
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