Samsonite International Correlations
| SMSEY Stock | USD 18.63 0.42 2.31% |
The correlation of Samsonite International 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Samsonite International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samsonite International SA 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.
Significant diversification
The correlation between Samsonite International SA and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samsonite International SA and NYA in the same portfolio, assuming nothing else is changed.
Samsonite |
The ability to find closely correlated positions to Samsonite International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samsonite International 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 Samsonite International - 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 Samsonite International SA to buy it.
Moving together with Samsonite Pink Sheet
| 0.62 | ADDYY | Adidas AG ADR | PairCorr |
| 0.73 | ONON | On Holding Financial Report 21st of May 2024 | PairCorr |
| 0.84 | CROX | Crocs Inc | PairCorr |
| 0.65 | TPDDF | Talon Energy | PairCorr |
Moving against Samsonite Pink Sheet
| 0.88 | GSTX | Graphene Solar Techn | PairCorr |
| 0.87 | SRBBF | VPN Technologies | PairCorr |
| 0.82 | IRNRF | Iron Road Limited | PairCorr |
| 0.66 | NKE | Nike Inc Financial Report 4th of July 2024 | PairCorr |
| 0.42 | BIRK | Birkenstock Holding plc | PairCorr |
| 0.5 | MCD | McDonalds Sell-off Trend | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Samsonite Pink Sheet performing well and Samsonite International 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 Samsonite International'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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AREBW | 23.51 | 4.82 | 0.19 | 0.50 | 20.84 | 61.90 | 144.17 | |||
| AREB | 4.75 | 0.65 | 0.10 | 0.79 | 4.63 | 12.50 | 42.25 | |||
| CROX | 1.87 | 0.33 | 0.13 | 6.61 | 1.80 | 4.02 | 15.63 | |||
| ONON | 2.08 | 0.38 | 0.12 | (1.39) | 2.31 | 4.00 | 15.71 | |||
| DECK | 1.59 | 0.22 | 0.05 | (0.39) | 2.04 | 2.69 | 20.78 | |||
| SKX | 1.34 | 0.02 | 0.01 | 0.08 | 2.31 | 1.98 | 12.10 | |||
| SHOO | 1.21 | (0.05) | 0.00 | 0.16 | 0.00 | 2.50 | 6.17 | |||
| DBI | 2.55 | (0.05) | 0.02 | 0.05 | 3.25 | 4.51 | 12.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Samsonite International 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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Samsonite International Corporate Management
Elected by the shareholders, the Samsonite International's board of directors comprises two types of representatives: Samsonite International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Samsonite. The board's role is to monitor Samsonite International's management team and ensure that shareholders' interests are well served. Samsonite International'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, Samsonite International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Livingston | VP, General Counsel and Joint Company Secretary | Profile | |
| William Yue | Director Relations | Profile | |
| William Morrison | Chief Officer | Profile | |
| Juan Martnez | Pres America | Profile |
Already Invested in Samsonite International SA?
The danger of trading Samsonite International SA 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 Samsonite International 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 Samsonite International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Samsonite International 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 Samsonite International SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Samsonite International information on this page should be used as a complementary analysis to other Samsonite International'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 the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Samsonite Pink Sheet analysis
When running Samsonite International's price analysis, check to measure Samsonite International'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 Samsonite International is operating at the current time. Most of Samsonite International's value examination focuses on studying past and present price action to predict the probability of Samsonite International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Samsonite International's price. Additionally, you may evaluate how the addition of Samsonite International to your portfolios can decrease your overall portfolio volatility.
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