ADCapital Correlations

ADCV Stock

USD 0.07 0 4.67%

The current 90-days correlation between ADCapital and MDwerks is 0.04 (i.e., Significant diversification). The correlation of ADCapital 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.

ADCapital Correlation With Market

Average diversification

The correlation between ADCapital and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADCapital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against ADCapital Pink Sheet

0.52	TRRGF	Transatlantic Mining Corp	Pair Corr
0.51	MDWK	MDwerks	Pair Corr
0.49	PTCHF	PureTech Health plc	Pair Corr
0.48	MATX	Matson Inc	Pair Corr
0.44	TEX	Terex	Pair Corr
0.43	GVA	Granite Construction	Pair Corr
0.43	RIOFF	Rio2 Limited	Pair Corr
0.4	PILBF	Pilbara Minerals	Pair Corr
0.39	EDVMF	Endeavour Mining Corp	Pair Corr
0.38	LION	Lionsgate Studios Holding	Pair Corr
0.35	DTSQU	DT Cloud Star	Pair Corr
0.86	ROLR	High Roller Technologies Trending	Pair Corr
0.67	LAR	Lithium Argentina Symbol Change	Pair Corr
0.58	NKRKY	Nokian Tyres Plc	Pair Corr
0.56	HL	Hecla Mining Aggressive Push	Pair Corr
0.52	ZMPLF	Zimplats Holdings	Pair Corr
0.52	NTR	Nutrien	Pair Corr
0.44	BNPQY	BNP Paribas SA	Pair Corr
0.44	AMBR	Amber International Symbol Change	Pair Corr
0.41	EBRZF	Enbridge	Pair Corr
0.41	SMEGF	Siemens Energy AG	Pair Corr
0.4	WTMA	Welsbach Technology	Pair Corr
0.39	ROL	Rollins	Pair Corr

Related Correlations Analysis

	XCPT	PSCO	IGTA	AVNI	MDWK	CAHO	OFSTF	INTE	TRNGF	BBKCF
XCPT		0.63	-0.3	-0.39	-0.5	0.45	-0.6	0.56	0.0	0.37	XCPT
PSCO	0.63		-0.08	-0.43	-0.36	0.49	-0.65	0.54	0.0	0.5	PSCO
IGTA	-0.3	-0.08		0.09	0.3	0.17	-0.2	-0.23	0.0	0.4	IGTA
AVNI	-0.39	-0.43	0.09		0.2	-0.4	0.35	-0.71	0.0	-0.22	AVNI
MDWK	-0.5	-0.36	0.3	0.2		-0.36	0.42	-0.39	0.0	-0.15	MDWK
CAHO	0.45	0.49	0.17	-0.4	-0.36		-0.79	0.48	0.0	0.82	CAHO
OFSTF	-0.6	-0.65	-0.2	0.35	0.42	-0.79		-0.44	0.0	-0.77	OFSTF
INTE	0.56	0.54	-0.23	-0.71	-0.39	0.48	-0.44		0.0	0.36	INTE
TRNGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TRNGF
BBKCF	0.37	0.5	0.4	-0.22	-0.15	0.82	-0.77	0.36	0.0		BBKCF
	XCPT	PSCO	IGTA	AVNI	MDWK	CAHO	OFSTF	INTE	TRNGF	BBKCF

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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

BBKCF	+ 0.82	CAHO
PSCO	+ 0.63	XCPT
INTE	+ 0.56	XCPT
INTE	+ 0.54	PSCO
BBKCF	+ 0.5	PSCO
CAHO	+ 0.49	PSCO

High negative correlations

OFSTF	- 0.79	CAHO
BBKCF	- 0.77	OFSTF
INTE	- 0.71	AVNI
OFSTF	- 0.65	PSCO
OFSTF	- 0.6	XCPT
MDWK	- 0.5	XCPT

Risk-Adjusted Indicators

There is a big difference between ADCapital Pink Sheet performing well and ADCapital 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 ADCapital'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
XCPT	10.65	0.90	0.04	0.39	12.59	(28.21)	53.33	(34.78)	95.54
PSCO	22.51	7.27	0.12	(0.57)	19.76	(80.40)	55.34	(43.09)	457.24
IGTA	8.30	3.00	0.00	1.97	0.00	0.00	7.15	0.00	248.26
AVNI	3.67	0.38	0.00	0.19	0.00	0.00	0.00	(7.89)	106.06
MDWK	9.19	2.64	0.20	0.80	6.29	(40.91)	40.74	(9.09)	156.82
CAHO	1.32	(0.57)	0.00	(0.27)	0.00	0.00	3.57	(3.77)	20.00
OFSTF	2.46	0.38	0.08	(2.58)	2.46	(3.38)	5.26	(5.00)	14.82
INTE	0.17	(0.02)	0.00	(0.02)	0.00	0.00	0.00	0.00	11.22
TRNGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBKCF	4.38	(0.34)	0.00	(0.29)	0.00	0.00	7.55	(8.81)	21.36

Be your own money manager

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