American Clean Correlations

ACRG Stock

USD 5.00 0.20 4.17%

The current 90-days correlation between American Clean Resources and Silver Bullet Mines is 0.32 (i.e., Weak diversification). The correlation of American Clean 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.

American Clean Correlation With Market

Average diversification

The correlation between American Clean Resources and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Clean Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with American Pink Sheet

0.73	AGPPF	Anglo American Platinum	Pair Corr
0.77	ANGPY	Valterra Platinum	Pair Corr
0.69	IMPUY	Impala Platinum Holdings	Pair Corr
0.85	FNLPF	Fresnillo PLC	Pair Corr
0.77	BVN	Compania de Minas	Pair Corr
0.82	TFPM	Triple Flag Precious	Pair Corr
0.73	EXK	Endeavour Silver Corp	Pair Corr
0.88	FTV	Fortive Corp	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.81	MRK	Merck Company	Pair Corr

Moving against American Pink Sheet

0.51	FSTF	First State Financial	Pair Corr
0.76	PG	Procter Gamble	Pair Corr
0.71	MSFT	Microsoft Sell-off Trend	Pair Corr
0.55	T	ATT Inc	Pair Corr
0.37	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	WEXPF	ESGLF	BBBXF	RGXTF	SBMCF	CPPMF	MRZLF	WAMFF	DNRSF	TLSMF
WEXPF		0.67	0.62	0.15	0.44	-0.62	0.05	-0.61	-0.46	0.0	WEXPF
ESGLF	0.67		0.45	0.26	0.42	-0.25	0.36	-0.49	-0.22	0.0	ESGLF
BBBXF	0.62	0.45		0.21	0.57	-0.44	-0.14	-0.53	-0.37	0.0	BBBXF
RGXTF	0.15	0.26	0.21		0.56	-0.07	0.02	-0.48	-0.34	0.0	RGXTF
SBMCF	0.44	0.42	0.57	0.56		-0.01	0.25	-0.24	-0.03	0.0	SBMCF
CPPMF	-0.62	-0.25	-0.44	-0.07	-0.01		0.4	0.67	0.76	0.0	CPPMF
MRZLF	0.05	0.36	-0.14	0.02	0.25	0.4		0.25	0.32	0.0	MRZLF
WAMFF	-0.61	-0.49	-0.53	-0.48	-0.24	0.67	0.25		0.83	0.0	WAMFF
DNRSF	-0.46	-0.22	-0.37	-0.34	-0.03	0.76	0.32	0.83		0.0	DNRSF
TLSMF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TLSMF
	WEXPF	ESGLF	BBBXF	RGXTF	SBMCF	CPPMF	MRZLF	WAMFF	DNRSF	TLSMF

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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

DNRSF	+ 0.83	WAMFF
DNRSF	+ 0.76	CPPMF
ESGLF	+ 0.67	WEXPF
WAMFF	+ 0.67	CPPMF
BBBXF	+ 0.62	WEXPF
SBMCF	+ 0.57	BBBXF

High negative correlations

CPPMF	- 0.62	WEXPF
WAMFF	- 0.61	WEXPF
WAMFF	- 0.53	BBBXF
WAMFF	- 0.49	ESGLF
WAMFF	- 0.48	RGXTF
DNRSF	- 0.46	WEXPF

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American Clean 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 American Clean'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
WEXPF	2.63	(0.47)	0.00	(0.31)	0.00	0.00	5.56	(5.88)	24.38
ESGLF	6.92	0.64	0.05	(0.63)	7.28	(10.98)	22.09	(13.45)	51.43
BBBXF	4.29	(0.27)	0.00	(0.14)	0.00	0.00	7.14	(10.29)	32.58
RGXTF	16.71	3.40	0.19	0.56	14.16	(27.70)	37.89	(29.69)	241.10
SBMCF	3.56	(0.06)	0.00	0.03	3.88	(7.40)	10.53	(5.88)	29.95
CPPMF	5.18	1.45	0.18	4.07	4.36	(8.90)	13.33	(10.53)	24.44
MRZLF	3.32	0.32	0.04	1.46	3.91	(6.11)	9.68	(8.11)	28.50
WAMFF	4.49	0.35	0.05	0.89	5.32	(5.33)	10.45	(8.06)	21.85
DNRSF	4.15	0.66	0.13	0.51	4.20	(5.48)	7.89	(6.52)	23.72
TLSMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Clean 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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