Sporting Clube Correlations
| SCP Stock | EUR 0.87 0.11 11.22% |
The correlation of Sporting Clube 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 Sporting Clube moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sporting Clube De 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sporting Clube De. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. Sporting |
The ability to find closely correlated positions to Sporting Clube could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sporting Clube 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 Sporting Clube - 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 Sporting Clube De to buy it.
Related Correlations Analysis
SCP | INA | DIEDR | EDPR | GPA | ALNOR | RENE | ESON | MAR | ||
SCP | 0.15 | 0.0 | -0.65 | 0.27 | 0.0 | -0.13 | 0.01 | 0.43 | SCP | |
INA | 0.15 | 0.0 | -0.39 | -0.09 | 0.0 | 0.22 | -0.12 | -0.17 | INA | |
DIEDR | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DIEDR | |
EDPR | -0.65 | -0.39 | 0.0 | -0.17 | 0.0 | 0.36 | -0.05 | -0.24 | EDPR | |
GPA | 0.27 | -0.09 | 0.0 | -0.17 | 0.0 | -0.09 | 0.13 | 0.66 | GPA | |
ALNOR | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALNOR | |
RENE | -0.13 | 0.22 | 0.0 | 0.36 | -0.09 | 0.0 | -0.16 | -0.27 | RENE | |
ESON | 0.01 | -0.12 | 0.0 | -0.05 | 0.13 | 0.0 | -0.16 | 0.02 | ESON | |
MAR | 0.43 | -0.17 | 0.0 | -0.24 | 0.66 | 0.0 | -0.27 | 0.02 | MAR | |
SCP | INA | DIEDR | EDPR | GPA | ALNOR | RENE | ESON | MAR |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between Sporting Stock performing well and Sporting Clube 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 Sporting Clube's 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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| SCP | 2.85 | 0.33 | 0.05 | 0.84 | 4.07 | 0.07 | (4.60) | 10.71 | (10.31) | 27.43 |
| INA | 2.20 | 0.27 | 0.09 | 0.56 | 2.68 | 0.08 | (3.30) | 7.04 | (2.90) | 18.82 |
| DIEDR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EDPR | 1.20 | (0.26) | 0.00 | (0.58) | 0.00 | (0.16) | 0.00 | 2.03 | (2.93) | 7.73 |
| GPA | 0.15 | (0.01) | 0.00 | 0.36 | 0.00 | 0.0212 | 0.00 | 0.00 | 0.00 | 9.76 |
| ALNOR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| RENE | 0.45 | (0.05) | 0.00 | (2.40) | 0.00 | (0.0446) | 0.00 | 1.22 | (0.81) | 2.83 |
| ESON | 0.80 | 0.00 | 0.01 | (0.03) | 1.24 | 0.0224 | (2.67) | 3.29 | (3.18) | 13.84 |
| MAR | 0.95 | (0.04) | 0.00 | 0.20 | 0.00 | (0.0079) | 0.00 | 2.38 | (2.34) | 7.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sporting Clube 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.Did you try this?
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Sporting Clube Corporate Management
Elected by the shareholders, the Sporting Clube's board of directors comprises two types of representatives: Sporting Clube inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sporting. The board's role is to monitor Sporting Clube's management team and ensure that shareholders' interests are well served. Sporting Clube's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sporting Clube's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joao Sampaio | Ex Director | Profile | |
| Rui Caeiro | Chief Officer | Profile | |
| Frederico Varandas | Ex Chairman | Profile | |
| Miguel Cal | Ex Director | Profile | |
| Bruno Carvalho | Chief Officer | Profile | |
| Guilherme Pinheiro | Chief Officer | Profile | |
| Francisco Zenha | Ex Director | Profile |
Already Invested in Sporting Clube De?
The danger of trading Sporting Clube De 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 Sporting Clube 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 Sporting Clube. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sporting Clube De 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sporting Clube De. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Sporting Stock analysis
When running Sporting Clube's price analysis, check to measure Sporting Clube'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 Sporting Clube is operating at the current time. Most of Sporting Clube's value examination focuses on studying past and present price action to predict the probability of Sporting Clube's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sporting Clube's price. Additionally, you may evaluate how the addition of Sporting Clube to your portfolios can decrease your overall portfolio volatility.
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