AmmPower Corp Correlations

AMMPF Stock  USD 0.01  0.0001  1.39%   
The current 90-days correlation between AmmPower Corp and Lincoln Gold Mining is 0.02 (i.e., Significant diversification). The correlation of AmmPower Corp 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.

AmmPower Corp Correlation With Market

Pay attention - limited upside

The correlation between AmmPower Corp and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AmmPower Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AmmPower Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmmPower Corp 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 AmmPower Corp - 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 AmmPower Corp to buy it.

Moving together with AmmPower OTC Stock

  0.62MSFT MicrosoftPairCorr

Moving against AmmPower OTC Stock

  0.8NEM Newmont Goldcorp Corp Earnings Call TomorrowPairCorr
  0.78WPM Wheaton Precious MetalsPairCorr
  0.78BMYMP Bristol Myers SquibbPairCorr
  0.75ZIJMY Zijin Mining GroupPairCorr
  0.75TSM Taiwan Semiconductor Aggressive PushPairCorr
  0.74ZIJMF Zijin Mining GroupPairCorr
  0.74KGC Kinross Gold Earnings Call TodayPairCorr
  0.74GOOG Alphabet Class CPairCorr
  0.72AU AngloGold Ashanti plc Earnings Call This WeekPairCorr
  0.72GFI Gold Fields Earnings Call TomorrowPairCorr
  0.69GOLD Gold Inc Symbol ChangePairCorr
  0.66AEM Agnico Eagle MinesPairCorr
  0.63META Meta Platforms Sell-off TrendPairCorr
  0.88GS Goldman Sachs GroupPairCorr
  0.84TORO ToroPairCorr
  0.83BNEFF Bonterra Energy CorpPairCorr
  0.77EMMA Emmaus Life SciencesPairCorr
  0.75SLSR Solaris ResourcesPairCorr
  0.7CGECF Cogeco IncPairCorr
  0.69BLAGF Blue Lagoon ResourcesPairCorr
  0.64DUK-PA Duke EnergyPairCorr
  0.58NWTG Newton Golf Symbol ChangePairCorr
  0.56ONON On HoldingPairCorr
  0.53GAYMF Galway MetalsPairCorr
  0.52TLOFF Talon Metals CorpPairCorr
  0.4NPPXF Nippon Telegraph TelPairCorr
  0.36PLSE Pulse BiosciencesPairCorr
  0.35MEGI MainStay CBRE Global Normal TradingPairCorr
  0.8EXAS EXACT SciencesPairCorr
  0.78YLLXF Yellow Cake plcPairCorr
  0.69PNRG PrimeEnergyPairCorr
  0.68TOGOF TomaGoldPairCorr
  0.62ANF Abercrombie FitchPairCorr
  0.59CAMZF Camino MineralsPairCorr

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

LNCLFARBTF
ARBTFTRGGF
LNCLFTRGGF
LNCLFTGLDF
LNCLFCQRLF
ARBTFCQRLF
  

High negative correlations

PCIMFCQRLF
WGMCFCQRLF
LNCLFPCIMF
ARBTFPCIMF
ARBTFWGMCF
LNCLFWGMCF

Risk-Adjusted Indicators

There is a big difference between AmmPower OTC Stock performing well and AmmPower Corp OTC Stock 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 AmmPower Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GFKRF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CQRLF  6.57  2.57  0.00 (4.65) 0.00 
 17.07 
 103.27 
BTKRF  4.92  0.37  0.03 (0.22) 6.26 
 15.65 
 52.94 
TRGGF  6.94  1.27  0.08  1.34  7.42 
 23.08 
 74.63 
PCIMF  22.20  9.65  0.00  1.43  0.00 
 0.00 
 708.33 
BGFGF  2.64  1.45  0.00 (0.49) 0.00 
 0.00 
 88.57 
WGMCF  23.23  6.77  0.12 (2.59) 17.41 
 100.00 
 460.00 
ARBTF  6.12  1.14  0.12 (1.15) 5.72 
 20.25 
 44.87 
TGLDF  7.96  1.98  0.12 (1.45) 8.58 
 20.69 
 200.39 
LNCLF  1.74  0.87  0.00  5.09  0.00 
 0.00 
 58.33 

Be your own money manager

Our tools can tell you how much better you can do entering a position in AmmPower Corp 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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AmmPower Corp Corporate Management

Elected by the shareholders, the AmmPower Corp's board of directors comprises two types of representatives: AmmPower Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AmmPower. The board's role is to monitor AmmPower Corp's management team and ensure that shareholders' interests are well served. AmmPower Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AmmPower Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.