AnorTech Correlations

ANOR Stock

0.04 0.01 33.33%

The current 90-days correlation between AnorTech and Barksdale Resources Corp is 0.07 (i.e., Significant diversification). The correlation of AnorTech 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.

AnorTech Correlation With Market

Significant diversification

The correlation between AnorTech and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AnorTech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AnorTech Stock

0.55	FOM	Foran Mining	Pair Corr
0.53	SGML	Sigma Lithium Resources	Pair Corr
0.41	SKE	Skeena Resources	Pair Corr
0.41	BRK	Berkshire Hathaway CDR	Pair Corr
0.36	NGEX	NGEx Minerals	Pair Corr
0.45	EOG	Eco Atlantic Oil	Pair Corr
0.41	PNTR	Pantera Silver Corp	Pair Corr
0.41	FFN	North American Financial	Pair Corr
0.32	NPTH	NeuPath Health	Pair Corr
0.32	HAI	Haivision Systems	Pair Corr
0.31	CGNT	Copper Giant Resources	Pair Corr
0.57	GS	GOLDMAN SACHS CDR	Pair Corr
0.54	AX-UN	Artis Real Estate	Pair Corr
0.47	SAP	Saputo Inc	Pair Corr
0.44	SFI	Solution Financial	Pair Corr
0.41	KEC	Kiwetinohk Energy Corp	Pair Corr
0.39	PD	Precision Drilling	Pair Corr

Related Correlations Analysis

	BRO	TUK	ROX	STS	VZZ	GRG	MERG
BRO		-0.17	0.28	0.36	-0.16	0.16	-0.31	BRO
TUK	-0.17		-0.18	0.06	-0.3	-0.17	-0.13	TUK
ROX	0.28	-0.18		0.38	-0.23	0.29	-0.49	ROX
STS	0.36	0.06	0.38		-0.54	0.19	-0.53	STS
VZZ	-0.16	-0.3	-0.23	-0.54		-0.26	0.57	VZZ
GRG	0.16	-0.17	0.29	0.19	-0.26		-0.43	GRG
MERG	-0.31	-0.13	-0.49	-0.53	0.57	-0.43		MERG
	BRO	TUK	ROX	STS	VZZ	GRG	MERG

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

MERG	+ 0.57	VZZ
STS	+ 0.38	ROX
STS	+ 0.36	BRO
GRG	+ 0.29	ROX
ROX	+ 0.28	BRO
GRG	+ 0.19	STS

High negative correlations

VZZ	- 0.54	STS
MERG	- 0.53	STS
MERG	- 0.49	ROX
MERG	- 0.43	GRG
MERG	- 0.31	BRO
VZZ	- 0.3	TUK

Risk-Adjusted Indicators

There is a big difference between AnorTech Stock performing well and AnorTech 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 AnorTech'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
BRO	3.09	0.02	(0.01)	(0.25)	3.60	(8.13)	7.14	(6.25)	25.10
TUK	5.18	0.62	0.02	(0.90)	7.09	(27.78)	25.00	(20.00)	58.33
ROX	3.75	0.35	0.01	(0.05)	5.34	(15.63)	16.67	(14.29)	30.95
STS	5.44	0.62	0.04	(0.18)	6.03	(13.65)	15.38	(9.52)	79.87
VZZ	4.04	0.80	0.08	(0.31)	3.78	(8.14)	11.11	(6.25)	26.32
GRG	4.75	0.11	0.00	0.48	6.35	(15.12)	16.67	(14.29)	36.51
MERG	8.45	3.23	0.33	5.24	6.43	(11.95)	22.73	(13.04)	46.67

Be your own money manager

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