Adamant DRI Correlations

ADMG Stock

USD 0.03 0.00 0.00%

The current 90-days correlation between Adamant DRI Processing and Quizam Media is -0.01 (i.e., Good diversification). The correlation of Adamant DRI 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.

Adamant DRI Correlation With Market

Good diversification

The correlation between Adamant DRI Processing and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adamant DRI Processing and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Adamant Pink Sheet

0.75	PTAIY	Astra International Tbk	Pair Corr
0.84	TLK	Telkom Indonesia Tbk	Pair Corr
0.71	EC	Ecopetrol SA ADR	Pair Corr
0.89	PPERY	Bank Mandiri Persero	Pair Corr
0.66	68233JBP8	US68233JBP84	Pair Corr
0.67	STAG	STAG Industrial	Pair Corr
0.69	BAC	Bank of America	Pair Corr
0.69	SHIP	Seanergy Maritime	Pair Corr
0.62	EGP	EastGroup Properties	Pair Corr
0.78	GM	General Motors	Pair Corr
0.92	CHACR	Crane Harbor Acquisition	Pair Corr

Moving against Adamant Pink Sheet

0.9	JCDXF	JCDecaux SA	Pair Corr
0.86	WPP	WPP PLC ADR	Pair Corr
0.83	WPPGF	WPP plc	Pair Corr
0.47	PTAIF	PT Astra International	Pair Corr
0.46	OMC	Omnicom Group	Pair Corr
0.59	SWRM	Appswarm	Pair Corr
0.39	26442TAG2	US26442TAG22	Pair Corr

Related Correlations Analysis

	BLIAQ	CMGR	SBSAA	EZOO	QQQFF	BBOP	BRSE	CPROF	UMGP	LBUY
BLIAQ		0.0	-0.1	-0.03	-0.03	-0.12	-0.01	0.0	-0.1	-0.28	BLIAQ
CMGR	0.0		0.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	CMGR
SBSAA	-0.1	0.0		-0.28	0.2	-0.46	-0.3	0.0	0.36	0.04	SBSAA
EZOO	-0.03	0.0	-0.28		-0.04	0.24	0.17	0.0	0.06	-0.02	EZOO
QQQFF	-0.03	0.0	0.2	-0.04		0.27	-0.03	0.0	-0.23	0.53	QQQFF
BBOP	-0.12	0.0	-0.46	0.24	0.27		0.55	0.0	-0.07	0.37	BBOP
BRSE	-0.01	0.0	-0.3	0.17	-0.03	0.55		0.0	0.35	0.06	BRSE
CPROF	0.0	-1.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CPROF
UMGP	-0.1	0.0	0.36	0.06	-0.23	-0.07	0.35	0.0		-0.19	UMGP
LBUY	-0.28	0.0	0.04	-0.02	0.53	0.37	0.06	0.0	-0.19		LBUY
	BLIAQ	CMGR	SBSAA	EZOO	QQQFF	BBOP	BRSE	CPROF	UMGP	LBUY

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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

BRSE	+ 0.55	BBOP
LBUY	+ 0.53	QQQFF
LBUY	+ 0.37	BBOP
UMGP	+ 0.36	SBSAA
UMGP	+ 0.35	BRSE
BBOP	+ 0.27	QQQFF

High negative correlations

CPROF	- 1.0	CMGR
BBOP	- 0.46	SBSAA
BRSE	- 0.3	SBSAA
EZOO	- 0.28	SBSAA
LBUY	- 0.28	BLIAQ
UMGP	- 0.23	QQQFF

Risk-Adjusted Indicators

There is a big difference between Adamant Pink Sheet performing well and Adamant DRI 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 Adamant DRI'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
BLIAQ	614.26	342.63	4.99	(1.13)	26.84	(1,706)	1,400	(93.33)	14,894
CMGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBSAA	35.74	13.47	0.30	2.98	20.19	(120.98)	150.00	(65.00)	420.83
EZOO	2.74	(1.39)	0.00	5.05	0.00	0.00	0.00	0.00	0.00
QQQFF	2.62	0.74	0.00	(0.15)	0.00	0.00	0.00	0.00	60.74
BBOP	0.60	(0.32)	0.00	(3.70)	0.00	0.00	0.00	0.00	20.00
BRSE	104.49	48.80	0.00	1.03	0.00	0.00	0.00	0.00	3,586
CPROF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UMGP	10.80	1.58	0.08	0.30	12.77	(18.08)	42.42	(27.00)	112.50
LBUY	10.90	0.83	0.07	0.34	10.30	(16.01)	26.67	(18.50)	78.85

Be your own money manager

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