Automatic Bank Correlations

ABANF Stock

USD 6.80 0.00 0.00%

The correlation of Automatic Bank 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.

Automatic Bank Correlation With Market

Poor diversification

The correlation between Automatic Bank Services and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Automatic Bank Services and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Automatic Pink Sheet

0.7	IRNRF	Iron Road Limited Earnings Call Tomorrow	Pair Corr
0.61	CHEF	Chefs Warehouse	Pair Corr
0.65	SPG	Simon Property Group	Pair Corr
0.66	EXR	Extra Space Storage Earnings Call Tomorrow	Pair Corr
0.76	CVLG	Covenant Logistics	Pair Corr
0.67	FSUMF	Fortescue Metals Earnings Call This Week	Pair Corr
0.73	FDX	FedEx	Pair Corr
0.76	SGML	Sigma Lithium Resources	Pair Corr
0.67	AFRAF	Air France KLM Earnings Call Tomorrow	Pair Corr
0.61	TBBB	BBB Foods	Pair Corr
0.61	ABEV	Ambev SA ADR Aggressive Push	Pair Corr

Moving against Automatic Pink Sheet

0.79	CRWD	Crowdstrike Holdings	Pair Corr
0.65	ORCL	Oracle	Pair Corr
0.63	EPGG	Empire Global Gaming	Pair Corr
0.56	HOOD	Robinhood Markets Earnings Call Today	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.52	GTEH	Gentech Holdings	Pair Corr
0.5	GBHPF	Global Hemp Group	Pair Corr
0.4	ADBE	Adobe Systems	Pair Corr
0.39	KMB	Kimberly Clark	Pair Corr

Related Correlations Analysis

	TYPMF	DYNDF	IVUFF	OTPMF	MCAP	PXPHF	CMDXF	BAINF	CSYJY	SEEMF
TYPMF		0.0	1.0	1.0	0.0	0.0	0.0	0.0	-1.0	0.0	TYPMF
DYNDF	0.0		0.0	0.0	-0.23	0.05	0.31	-0.23	0.0	0.21	DYNDF
IVUFF	1.0	0.0		1.0	0.0	0.0	0.0	0.0	-1.0	0.0	IVUFF
OTPMF	1.0	0.0	1.0		0.0	0.0	0.0	0.0	-1.0	0.0	OTPMF
MCAP	0.0	-0.23	0.0	0.0		-0.18	-0.09	-0.68	0.0	-0.53	MCAP
PXPHF	0.0	0.05	0.0	0.0	-0.18		-0.76	0.39	0.0	-0.2	PXPHF
CMDXF	0.0	0.31	0.0	0.0	-0.09	-0.76		-0.34	0.0	0.57	CMDXF
BAINF	0.0	-0.23	0.0	0.0	-0.68	0.39	-0.34		0.0	0.16	BAINF
CSYJY	-1.0	0.0	-1.0	-1.0	0.0	0.0	0.0	0.0		0.0	CSYJY
SEEMF	0.0	0.21	0.0	0.0	-0.53	-0.2	0.57	0.16	0.0		SEEMF
	TYPMF	DYNDF	IVUFF	OTPMF	MCAP	PXPHF	CMDXF	BAINF	CSYJY	SEEMF

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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

IVUFF	+ 1.0	TYPMF
OTPMF	+ 1.0	TYPMF
OTPMF	+ 1.0	IVUFF
SEEMF	+ 0.57	CMDXF
BAINF	+ 0.39	PXPHF
CMDXF	+ 0.31	DYNDF

High negative correlations

CSYJY	- 1.0	OTPMF
CSYJY	- 1.0	IVUFF
CSYJY	- 1.0	TYPMF
CMDXF	- 0.76	PXPHF
BAINF	- 0.68	MCAP
SEEMF	- 0.53	MCAP

Risk-Adjusted Indicators

There is a big difference between Automatic Pink Sheet performing well and Automatic Bank 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 Automatic Bank'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
TYPMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DYNDF	7.87	0.49	0.05	0.25	7.98	(12.97)	13.09	(17.27)	112.15
IVUFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTPMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCAP	1.87	(0.71)	0.00	(0.89)	0.00	0.00	0.00	0.00	53.63
PXPHF	0.52	0.26	0.00	(3.22)	0.00	0.00	0.00	0.00	17.48
CMDXF	1.83	(0.40)	0.00	(0.33)	0.00	0.00	3.13	(4.12)	23.52
BAINF	0.15	0.07	0.00	5.61	0.00	0.00	0.00	0.00	2.04
CSYJY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEEMF	5.60	0.62	0.06	0.86	6.66	(8.67)	16.67	(15.00)	52.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Automatic Bank 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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Automatic Bank Corporate Management

Eiran LevTov	Chief Officer	Profile
Maxim Nijonzin	OpenEnvironment Mang	Profile
Advocate Metzuyanim	VP Regulation	Profile
Shmulik Gottlieb	Chief Officer	Profile
Ofer CPA	Chief Officer	Profile
Meir Alberg	VP Devel	Profile

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