Alpha One Correlations

AOAO Stock

USD 3.55 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alpha One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha One moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

Moving together with Alpha Pink Sheet

1.0	MGMA	Metro Global Media	Pair Corr
1.0	CDRBQ	Code Rebel Corp	Pair Corr
1.0	ELGL	Element Global	Pair Corr
1.0	YUMAQ	Yuma Energy	Pair Corr
1.0	CTPR	CTPartners Executive	Pair Corr

Related Correlations Analysis

	SITS	NRCD	SHGI	ABVN	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF
SITS		0.46	0.34	0.55	0.66	0.22	0.71	-0.43	-0.42	-0.59	SITS
NRCD	0.46		0.29	0.22	0.6	0.46	0.64	-0.36	-0.24	-0.3	NRCD
SHGI	0.34	0.29		0.52	0.55	0.06	0.44	-0.16	-0.43	-0.46	SHGI
ABVN	0.55	0.22	0.52		0.65	0.36	0.52	-0.62	-0.27	-0.49	ABVN
QUAN	0.66	0.6	0.55	0.65		0.45	0.83	-0.4	-0.53	-0.69	QUAN
CSTXF	0.22	0.46	0.06	0.36	0.45		0.42	-0.44	0.08	-0.25	CSTXF
SOLCF	0.71	0.64	0.44	0.52	0.83	0.42		-0.49	-0.48	-0.62	SOLCF
SMEV	-0.43	-0.36	-0.16	-0.62	-0.4	-0.44	-0.49		0.08	0.15	SMEV
SSPLF	-0.42	-0.24	-0.43	-0.27	-0.53	0.08	-0.48	0.08		0.55	SSPLF
ORLCF	-0.59	-0.3	-0.46	-0.49	-0.69	-0.25	-0.62	0.15	0.55		ORLCF
	SITS	NRCD	SHGI	ABVN	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF

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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

SOLCF	+ 0.83	QUAN
SOLCF	+ 0.71	SITS
QUAN	+ 0.66	SITS
QUAN	+ 0.65	ABVN
SOLCF	+ 0.64	NRCD
QUAN	+ 0.6	NRCD

High negative correlations

ORLCF	- 0.69	QUAN
ORLCF	- 0.62	SOLCF
SMEV	- 0.62	ABVN
ORLCF	- 0.59	SITS
SSPLF	- 0.53	QUAN
SMEV	- 0.49	SOLCF

Risk-Adjusted Indicators

There is a big difference between Alpha Pink Sheet performing well and Alpha One 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 Alpha One'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
SITS	5.89	0.17	0.01	1.73	7.03	(7.38)	18.75	(11.89)	36.16
NRCD	0.40	(0.19)	0.00	0.62	0.00	0.00	0.00	0.00	13.46
SHGI	9.86	1.12	0.03	0.40	13.39	(42.01)	30.00	(46.15)	131.87
ABVN	0.54	0.03	0.00	(0.01)	0.00	0.00	0.00	0.00	24.88
QUAN	7.22	(0.41)	0.00	0.25	0.00	0.00	15.92	(16.22)	40.44
CSTXF	9.26	0.59	0.02	(0.26)	12.44	(25.94)	37.50	(29.58)	114.39
SOLCF	9.24	(1.12)	0.00	1.20	0.00	0.00	23.50	(23.53)	66.07
SMEV	1.91	0.42	0.07	(0.71)	1.89	(8.27)	7.55	(4.29)	29.54
SSPLF	5.70	1.27	0.00	0.92	0.00	0.00	31.58	(5.87)	114.10
ORLCF	6.33	0.62	0.08	0.89	7.12	(8.13)	13.04	(13.23)	68.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alpha One 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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Alpha One Corporate Management

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