Aclara Resources Correlations

ARAAF Stock

USD 0.37 0.01 2.63%

The current 90-days correlation between Aclara Resources and A Cap Energy Limited is 0.02 (i.e., Significant diversification). The correlation of Aclara Resources 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.

Aclara Resources Correlation With Market

Good diversification

The correlation between Aclara Resources and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aclara Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aclara Pink Sheet

0.61

JPHLF

Japan Post Holdings

Pair Corr

Moving against Aclara Pink Sheet

0.32	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.49	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.38	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.31	HD	Home Depot	Pair Corr

Related Correlations Analysis

	EDDYF	CBRSF	AVRTF	ADTLF	APCDF	AUMTF	ASDRF	AZMTF	ALTPF	ARTTF
EDDYF		0.54	0.61	0.48	0.33	0.07	0.02	0.35	0.28	0.45	EDDYF
CBRSF	0.54		0.75	0.63	0.43	0.34	0.15	0.45	0.54	0.45	CBRSF
AVRTF	0.61	0.75		0.6	0.64	0.5	0.39	0.37	0.62	0.35	AVRTF
ADTLF	0.48	0.63	0.6		0.28	0.22	0.26	0.48	0.61	0.39	ADTLF
APCDF	0.33	0.43	0.64	0.28		0.39	0.32	0.04	0.52	-0.13	APCDF
AUMTF	0.07	0.34	0.5	0.22	0.39		0.45	0.0	0.58	0.22	AUMTF
ASDRF	0.02	0.15	0.39	0.26	0.32	0.45		0.13	0.66	-0.01	ASDRF
AZMTF	0.35	0.45	0.37	0.48	0.04	0.0	0.13		0.4	0.36	AZMTF
ALTPF	0.28	0.54	0.62	0.61	0.52	0.58	0.66	0.4		0.27	ALTPF
ARTTF	0.45	0.45	0.35	0.39	-0.13	0.22	-0.01	0.36	0.27		ARTTF
	EDDYF	CBRSF	AVRTF	ADTLF	APCDF	AUMTF	ASDRF	AZMTF	ALTPF	ARTTF

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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

AVRTF	+ 0.75	CBRSF
ALTPF	+ 0.66	ASDRF
APCDF	+ 0.64	AVRTF
ADTLF	+ 0.63	CBRSF
ALTPF	+ 0.62	AVRTF
AVRTF	+ 0.61	EDDYF

High negative correlations

ARTTF	- 0.13	APCDF
ARTTF	- 0.01	ASDRF
AZMTF	- 0.0	AUMTF

Risk-Adjusted Indicators

There is a big difference between Aclara Pink Sheet performing well and Aclara Resources 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 Aclara Resources' 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
EDDYF	3.16	(0.12)	0.00	0.32	0.00	0.00	8.53	(12.41)	45.30
CBRSF	9.58	1.99	0.00	(3.16)	0.00	0.00	0.00	(33.33)	325.00
AVRTF	2.52	(1.45)	0.00	(0.72)	0.00	0.00	0.00	0.00	84.29
ADTLF	1.30	(0.06)	0.00	0.54	0.00	0.00	4.80	(4.94)	14.94
APCDF	1.38	(0.13)	0.00	0.35	0.00	0.00	0.00	0.00	45.71
AUMTF	2.13	0.15	0.00	0.00	0.00	0.00	0.00	0.00	70.45
ASDRF	4.38	0.21	0.00	0.14	0.00	0.00	23.49	(25.00)	66.67
AZMTF	2.57	(0.15)	0.00	(0.04)	0.00	0.00	6.67	(6.25)	23.51
ALTPF	4.44	(0.16)	0.00	(0.06)	0.00	0.00	20.00	(17.14)	45.08
ARTTF	13.01	0.60	0.01	(2.45)	17.75	(54.24)	42.86	(44.00)	186.93

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Our tools can tell you how much better you can do entering a position in Aclara Resources 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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Aclara Resources Corporate Management

Diego Brieba	Corp Counsel	Profile
PMP PE	Chief Officer	Profile
Rodrigo Ceballos	Pres GM	Profile
Patricio Irribarra	Chief Geologist	Profile
Fernando Illanes	Public Mang	Profile
Francois Sauter	Chief Officer	Profile
Ramon Barua	CEO Director	Profile

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