1414 Degrees Correlations

14D Stock

0.02 0 4.76%

The current 90-days correlation between 1414 Degrees and Arc Funds is 0.1 (i.e., Average diversification). The correlation of 1414 Degrees 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.

1414 Degrees Correlation With Market

Modest diversification

The correlation between 1414 Degrees and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1414 Degrees and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 1414 Degrees could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1414 Degrees 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 1414 Degrees - 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 1414 Degrees to buy it.

Moving together with 1414 Stock

0.87

D3E

D3 Energy Limited

Pair Corr

Moving against 1414 Stock

0.79	PAI	Platinum Asia Investments	Pair Corr
0.75	PHX	PharmX Technologies	Pair Corr
0.74	GOR	Gold Road Resources	Pair Corr
0.71	GUE	Global Uranium	Pair Corr
0.69	NABPI	National Australia Bank	Pair Corr
0.65	UNI	Universal Store Holdings	Pair Corr
0.63	IDA	Indiana Resources	Pair Corr
0.59	CPU	Computershare	Pair Corr
0.57	A1G	African Gold	Pair Corr
0.47	OBM	Ora Banda Mining	Pair Corr
0.41	MVP	Medical Developments Earnings Call Today	Pair Corr
0.39	AN3PJ	ANZ Group Holdings	Pair Corr
0.38	ALC	Alcidion Group	Pair Corr
0.36	ATM	Aneka Tambang Tbk	Pair Corr
0.33	TLS	Telstra	Pair Corr
0.84	KSL	Kina Securities Earnings Call Today	Pair Corr
0.81	FZR	Fitzroy River	Pair Corr
0.72	LFG	Liberty Financial	Pair Corr
0.7	IMR	Imricor Medical Systems	Pair Corr
0.7	WGR	Western Gold Resources Earnings Call Today	Pair Corr
0.67	NABPH	National Australia Bank	Pair Corr
0.65	BBT	Bluebet Holdings	Pair Corr
0.64	CBAPJ	Commonwealth Bank	Pair Corr
0.62	M3M	M3 Mining	Pair Corr
0.54	WLE	Wam Leaders	Pair Corr
0.52	RMS	Ramelius Resources	Pair Corr

Related Correlations Analysis

	SNC	FSI	BKI	AYI	HPI	NGI	PAI	ARC
SNC		0.25	0.63	0.0	0.27	0.14	0.69	0.83	SNC
FSI	0.25		0.32	0.0	0.1	0.53	0.44	0.44	FSI
BKI	0.63	0.32		0.0	-0.01	0.09	0.42	0.75	BKI
AYI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AYI
HPI	0.27	0.1	-0.01	0.0		-0.05	0.56	0.19	HPI
NGI	0.14	0.53	0.09	0.0	-0.05		0.46	0.25	NGI
PAI	0.69	0.44	0.42	0.0	0.56	0.46		0.69	PAI
ARC	0.83	0.44	0.75	0.0	0.19	0.25	0.69		ARC
	SNC	FSI	BKI	AYI	HPI	NGI	PAI	ARC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ARC	+ 0.83	SNC
ARC	+ 0.75	BKI
PAI	+ 0.69	SNC
ARC	+ 0.69	PAI
BKI	+ 0.63	SNC
PAI	+ 0.56	HPI

High negative correlations

NGI	- 0.05	HPI
HPI	- 0.01	BKI
ARC	- 0.0	AYI
PAI	- 0.0	AYI
NGI	- 0.0	AYI
HPI	- 0.0	AYI

Risk-Adjusted Indicators

There is a big difference between 1414 Stock performing well and 1414 Degrees 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 1414 Degrees' 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
SNC	1.11	0.02	0.01	(5.92)	1.31	(1.78)	2.56	(2.56)	7.85
FSI	0.84	0.17	0.04	15.88	1.25	(1.92)	3.02	(1.91)	9.94
BKI	0.49	0.01	0.01	0.02	0.64	(0.83)	1.20	(1.18)	4.65
AYI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HPI	0.30	0.05	0.05	(0.59)	0.41	(0.65)	0.82	(0.53)	6.03
NGI	2.03	0.26	0.10	0.77	2.17	(2.30)	4.29	(3.53)	14.63
PAI	0.70	0.11	0.08	(1.52)	0.67	(1.17)	1.90	(1.02)	4.92
ARC	1.88	0.33	0.05	(0.47)	2.17	(7.22)	8.33	(6.45)	17.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in 1414 Degrees 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?

Run Top Crypto Exchanges Now

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC