Superior Uniform Correlations

SGC Stock  USD 7.87  0.38  5.07%   
The correlation of Superior Uniform 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 Superior Uniform moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Superior Uniform Group 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. For information on how to trade Superior Stock refer to our How to Trade Superior Stock guide.
The ability to find closely correlated positions to Superior Uniform could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superior Uniform 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 Superior Uniform - 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 Superior Uniform Group to buy it.

Moving together with Superior Uniform

+0.7MBUUMalibu Boats Report 9th of May 2023 PairCorr
+0.62DOOOBRP Inc Fiscal Quarter End 30th of April 2023 PairCorr
+0.68MODGCallaway Golf Symbol ChangePairCorr
+0.76DXYNDixie Group Report 9th of May 2023 PairCorr
+0.66FORDForward Industries Report 11th of May 2023 PairCorr
+0.78FOSLFossil Group Report 10th of May 2023 PairCorr
+0.65CRICarters Report 5th of May 2023 PairCorr

Moving against Superior Uniform

-0.42ESCAEscalade Incorporated Report 13th of April 2023 PairCorr

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   
High negative correlations   

Risk-Adjusted Indicators

Nowadays, there is a big difference between Superior Stock performing well and Superior Uniform 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 Superior Uniform'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.
At Risk
MBUU 1.56  0.08  0.04  0.06  1.84  0.0387 (1.71)  3.96 (3.40)  10.23 
MCFT 1.73  0.24  0.10  0.22  2.08  0.10 (1.84)  3.83 (3.62)  14.78 
BC 1.48  0.21  0.10  0.15  1.71  0.11 (1.46)  3.64 (2.97)  10.99 
DOOO 1.35  0.06  0.03  0.06  1.84  0.0332 (1.32)  3.03 (2.99)  9.15 
MODG 1.31  0.15  0.08  0.13  1.79  0.09 (1.23)  2.95 (2.61)  8.77 
DXYN 2.64  0.05  0.01  0.31  3.07  0.0124 (3.70)  6.94 (6.45)  16.01 
VMAR 2.45 (0.28)  0.00 (2.05)  0.00 (0.09)  0.00  6.71 (4.02)  15.18 
VOXX 1.86  0.64  0.34  0.41  1.33  0.26 (2.31)  5.13 (2.75)  12.64 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Superior Uniform 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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Superior Uniform Corporate Directors

Superior Uniform corporate directors refer to members of a Superior Uniform board of directors. The board of directors generally takes responsibility for the Superior Uniform'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 Superior Uniform's board members must vote for the resolution. The Superior Uniform board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Paul MelliniIndependent DirectorProfile
Khuay MatDeputy General DirectorProfile
Mark CorraIndependent DirectorProfile
Tam MaiDeputy General Director, Member of the Board of ManagementProfile

Already Invested in Superior Uniform Group?

The danger of trading Superior Uniform Group 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 Superior Uniform 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 Superior Uniform. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Superior Uniform 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. For information on how to trade Superior Stock refer to our How to Trade Superior Stock guide. Note that the Superior Uniform information on this page should be used as a complementary analysis to other Superior Uniform'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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