Affluence Correlations
The correlation of Affluence 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.
Affluence Correlation With Market
Significant diversification
The correlation between Affluence and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affluence and DJI in the same portfolio, assuming nothing else is changed.
Affluence |
The ability to find closely correlated positions to Affluence could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affluence 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 Affluence - 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 Affluence to buy it.
Moving against Affluence Pink Sheet
| 0.57 | F | Ford Motor | PairCorr |
| 0.57 | BOF | BranchOut Food Common | PairCorr |
| 0.52 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.5 | ATI | Allegheny Technologies | PairCorr |
| 0.46 | KDDIF | KDDI Corp | PairCorr |
| 0.45 | MFG | Mizuho Financial | PairCorr |
| 0.44 | ACN | Accenture plc | PairCorr |
| 0.44 | WSFS | WSFS Financial | PairCorr |
| 0.41 | SANM | Sanmina | PairCorr |
| 0.38 | ASXSF | Elysee Development Corp | PairCorr |
| 0.37 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.37 | NMIH | NMI Holdings | PairCorr |
| 0.34 | INTC | Intel Buyout Trend | PairCorr |
| 0.31 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.31 | SHG | Shinhan Financial | PairCorr |
| 0.31 | DQ | Daqo New Energy | 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 Affluence Pink Sheet performing well and Affluence 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 Affluence'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IMTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WWIO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TCEC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GOOLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TLLEQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EPGC | 1.49 | 0.78 | 0.00 | (1.89) | 0.00 | 0.00 | 50.00 | |||
| VGTL | 5.66 | (0.62) | 0.00 | (0.12) | 0.00 | 20.00 | 60.00 | |||
| GFMH | 2.90 | 0.44 | 0.00 | (0.21) | 0.00 | 6.90 | 83.33 | |||
| CWIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABWN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Affluence Corporate Management
| Peter Cummings | Chief Global | Profile | |
| James Honan | Chief Officer | Profile | |
| Mark Moyer | Chief Officer | Profile | |
| Blake Macleod | Chief Officer | Profile | |
| Douglas Stukel | Ex Pres | Profile |