Accsys Technologies Correlations
| ACSYF Stock | USD 0.83 0.00 0.00% |
The current 90-days correlation between Accsys Technologies PLC and Acadian Timber Corp is -0.16 (i.e., Good diversification). The correlation of Accsys Technologies 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.
Accsys Technologies Correlation With Market
Pay attention - limited upside
The correlation between Accsys Technologies PLC and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accsys Technologies PLC and DJI in the same portfolio, assuming nothing else is changed.
Accsys |
The ability to find closely correlated positions to Accsys Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accsys Technologies 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 Accsys Technologies - 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 Accsys Technologies PLC to buy it.
Moving against Accsys Pink Sheet
| 0.51 | STLJF | Stella Jones | PairCorr |
| 0.5 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.46 | WFG | West Fraser Timber Earnings Call This Week | PairCorr |
| 0.44 | UFPI | Ufp Industries | PairCorr |
| 0.42 | SSD | Simpson Manufacturing | PairCorr |
| 0.41 | WF | Woori Financial Group | PairCorr |
| 0.37 | CFPZF | Canfor | PairCorr |
| 0.32 | EC | Ecopetrol SA ADR | PairCorr |
| 0.84 | MIDD | Middleby Corp | PairCorr |
| 0.73 | LEG | Leggett Platt | PairCorr |
| 0.69 | LUNR | Intuitive Machines | PairCorr |
| 0.69 | GNFTY | Genfit SA Sponsored Downward Rally | PairCorr |
| 0.68 | SMFG | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.67 | FBIO | Fortress Biotech | PairCorr |
| 0.66 | COLB | Columbia Banking System | PairCorr |
| 0.59 | MNST | Monster Beverage Corp | PairCorr |
| 0.58 | OCGN | Ocugen Inc | PairCorr |
| 0.49 | ZNOG | Zion Oil Gas | PairCorr |
| 0.41 | LNCLF | Lincoln Gold Mining | PairCorr |
| 0.34 | SWRM | Appswarm | PairCorr |
| 0.32 | QGLDF | Q Gold Resources | PairCorr |
| 0.83 | FOSL | Fossil Group | PairCorr |
| 0.78 | BCS | Barclays PLC ADR | PairCorr |
| 0.67 | BMO | Bank of Montreal | PairCorr |
| 0.66 | SSUMY | Sumitomo Corp ADR | PairCorr |
| 0.66 | SSUMF | Sumitomo | PairCorr |
| 0.59 | BAMXF | Bayerische Motoren Werke | PairCorr |
Related Correlations Analysis
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 Accsys Pink Sheet performing well and Accsys Technologies 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 Accsys Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACAZF | 1.02 | 0.28 | 0.19 | 0.84 | 0.75 | 2.55 | 6.97 | |||
| HEGLF | 21.78 | 7.60 | 0.17 | 2.32 | 14.18 | 0.00 | 680.16 | |||
| PNPNF | 4.06 | 0.41 | 0.11 | 0.28 | 3.85 | 9.72 | 31.10 | |||
| GDRZF | 5.97 | 1.73 | 0.37 | 0.79 | 3.97 | 14.48 | 102.58 | |||
| WRLGF | 2.84 | 0.50 | 0.13 | 0.61 | 2.84 | 8.62 | 19.03 | |||
| CNMVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATLDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CXOXF | 7.80 | 1.10 | 0.11 | 0.92 | 7.17 | 22.22 | 64.07 | |||
| SRAFF | 2.56 | 0.16 | 0.03 | 0.29 | 2.89 | 5.00 | 21.04 | |||
| IAUFF | 3.19 | 0.63 | 0.05 | (0.40) | 3.77 | 12.50 | 34.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Accsys Technologies 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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Accsys Technologies Corporate Management
| Wim Dokter | Site Engineering | Profile | |
| George Neel | Group Communications | Profile | |
| Robert Harris | CEO Director | Profile | |
| Natalia Bikkenina | Chief Officer | Profile | |
| Hans Pauli | Director Devel | Profile | |
| Nicholas Hartigan | Gen Sec | Profile |