ADF Correlations

ADFJF Stock

USD 7.71 0.06 0.77%

The current 90-days correlation between ADF Group and Liquidmetal Technologies is -0.32 (i.e., Very good diversification). The correlation of ADF 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.

ADF Correlation With Market

Poor diversification

The correlation between ADF Group and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADF Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ADF Pink Sheet

0.74	ATCOL	Atlas Corp	Pair Corr
0.72	GEL	Genesis Energy LP	Pair Corr
0.78	MEEEF	Metal Energy Corp	Pair Corr
0.77	CMI	Cummins	Pair Corr
0.82	DREUF	Dream Industrial Real	Pair Corr
0.77	TDY	Teledyne Technologies	Pair Corr
0.73	INGR	Ingredion Incorporated	Pair Corr
0.87	CCL	Carnival	Pair Corr
0.83	RHHVF	Roche Holding AG	Pair Corr
0.71	GL-PD	Globe Life 425	Pair Corr
0.7	NTRSO	Northern Trust	Pair Corr
0.67	SOJE	Southern Company	Pair Corr
0.71	PRTS	CarPartsCom Earnings Call This Week	Pair Corr
0.71	ESCA	Escalade Incorporated	Pair Corr

Moving against ADF Pink Sheet

0.85	PBCRF	PT Bank Central	Pair Corr
0.78	ADVWW	Advantage Solutions	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.73	GCMGW	GCM Grosvenor	Pair Corr
0.69	PCTTW	PureCycle Technologies	Pair Corr
0.63	MAPSW	WM Technology	Pair Corr
0.47	GOEVW	Canoo Holdings	Pair Corr
0.39	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	LQMT	BYYLF	DIGTF	AUSTF	QEPC	SLOFF	SCTTF	AMROF	NRSAF	DIALF
LQMT		0.0	0.39	0.2	0.28	-0.23	0.0	0.23	-0.06	0.09	LQMT
BYYLF	0.0		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	BYYLF
DIGTF	0.39	0.0		0.2	0.16	-0.5	0.0	0.01	-0.31	0.02	DIGTF
AUSTF	0.2	0.0	0.2		0.61	0.12	0.0	0.58	-0.58	0.57	AUSTF
QEPC	0.28	0.0	0.16	0.61		0.13	0.0	0.59	-0.71	0.64	QEPC
SLOFF	-0.23	0.0	-0.5	0.12	0.13		0.0	0.15	-0.13	0.24	SLOFF
SCTTF	0.0	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SCTTF
AMROF	0.23	0.0	0.01	0.58	0.59	0.15	0.0		-0.39	0.57	AMROF
NRSAF	-0.06	0.0	-0.31	-0.58	-0.71	-0.13	0.0	-0.39		-0.73	NRSAF
DIALF	0.09	0.0	0.02	0.57	0.64	0.24	0.0	0.57	-0.73		DIALF
	LQMT	BYYLF	DIGTF	AUSTF	QEPC	SLOFF	SCTTF	AMROF	NRSAF	DIALF

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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

DIALF	+ 0.64	QEPC
QEPC	+ 0.61	AUSTF
AMROF	+ 0.59	QEPC
AMROF	+ 0.58	AUSTF
DIALF	+ 0.57	AUSTF
DIALF	+ 0.57	AMROF

High negative correlations

SCTTF	- 1.0	BYYLF
DIALF	- 0.73	NRSAF
NRSAF	- 0.71	QEPC
NRSAF	- 0.58	AUSTF
SLOFF	- 0.5	DIGTF
NRSAF	- 0.39	AMROF

Risk-Adjusted Indicators

There is a big difference between ADF Pink Sheet performing well and ADF 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 ADF'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
LQMT	4.93	0.40	0.01	(0.10)	5.55	(9.81)	11.11	(10.00)	21.11
BYYLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIGTF	2.00	(0.17)	0.00	0.22	0.00	0.00	0.00	0.00	58.12
AUSTF	3.70	0.72	0.00	(0.57)	0.00	0.00	16.67	(5.26)	74.24
QEPC	1.47	0.11	0.00	(0.34)	1.80	(2.20)	3.74	(4.30)	13.80
SLOFF	0.59	0.28	0.00	1.60	0.00	0.00	0.00	0.00	19.77
SCTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMROF	6.97	0.64	0.07	0.36	6.97	(12.33)	18.75	(11.76)	63.81
NRSAF	1.78	(0.05)	0.00	(11.84)	0.00	0.00	3.95	(7.04)	36.87
DIALF	0.56	0.30	0.00	(1.17)	0.00	0.00	0.00	0.00	17.20

Be your own money manager

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