AuraSource Correlations

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

AuraSource Correlation With Market

Significant diversification

The correlation between AuraSource 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 AuraSource and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AuraSource Pink Sheet

0.62	BKRKF	PT Bank Rakyat	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.63	PBCRY	Bank Central Asia	Pair Corr
0.64	PBCRF	PT Bank Central	Pair Corr
0.77	BKRKY	Bank Rakyat	Pair Corr
0.79	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.85	PTAIF	PT Astra International	Pair Corr

Moving against AuraSource Pink Sheet

0.61	DAN	Dana Inc	Pair Corr
0.61	517834AH0	US517834AH06	Pair Corr
0.47	KTOS	Kratos Defense Security Earnings Call This Week	Pair Corr
0.45	T	ATT Inc Sell-off Trend	Pair Corr
0.42	HSEEF	Hill Street Beverage	Pair Corr
0.81	DIS	Walt Disney	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.65	AXP	American Express Sell-off Trend	Pair Corr
0.61	BA	Boeing	Pair Corr
0.56	IBM	International Business	Pair Corr
0.47	BAC	Bank of America Aggressive Push	Pair Corr
0.46	JPM	JPMorgan Chase	Pair Corr
0.4	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	CMNR	CIG-C	AESC	CDUAF	NWE	ALE	BKH	OTTR	AVA	ELP
CMNR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CMNR
CIG-C	0.0		0.0	0.09	0.36	-0.22	0.33	0.57	0.3	0.89	CIG-C
AESC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AESC
CDUAF	0.0	0.09	0.0		0.19	-0.19	0.82	0.33	0.71	-0.02	CDUAF
NWE	0.0	0.36	0.0	0.19		0.2	0.53	0.58	0.68	0.46	NWE
ALE	0.0	-0.22	0.0	-0.19	0.2		-0.17	-0.16	-0.09	0.01	ALE
BKH	0.0	0.33	0.0	0.82	0.53	-0.17		0.66	0.9	0.39	BKH
OTTR	0.0	0.57	0.0	0.33	0.58	-0.16	0.66		0.66	0.61	OTTR
AVA	0.0	0.3	0.0	0.71	0.68	-0.09	0.9	0.66		0.39	AVA
ELP	0.0	0.89	0.0	-0.02	0.46	0.01	0.39	0.61	0.39		ELP
	CMNR	CIG-C	AESC	CDUAF	NWE	ALE	BKH	OTTR	AVA	ELP

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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

AVA	+ 0.9	BKH
ELP	+ 0.89	CIG-C
BKH	+ 0.82	CDUAF
AVA	+ 0.71	CDUAF
AVA	+ 0.68	NWE
OTTR	+ 0.66	BKH

High negative correlations

ALE	- 0.22	CIG-C
ALE	- 0.19	CDUAF
BKH	- 0.17	ALE
OTTR	- 0.16	ALE
AVA	- 0.09	ALE
ELP	- 0.02	CDUAF

Risk-Adjusted Indicators

There is a big difference between AuraSource Pink Sheet performing well and AuraSource 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 AuraSource'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
CMNR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CIG-C	1.60	0.10	0.00	(10.47)	2.01	(1.65)	3.04	(3.31)	12.31
AESC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDUAF	0.84	(0.12)	0.00	(0.77)	0.00	0.00	1.50	(2.09)	4.04
NWE	1.05	(0.01)	(0.04)	0.05	1.56	(1.02)	2.47	(2.75)	7.15
ALE	0.25	0.04	(0.14)	0.49	0.08	(0.27)	0.81	(0.43)	1.54
BKH	1.03	(0.01)	(0.04)	0.07	1.29	(1.14)	2.63	(2.15)	7.57
OTTR	1.30	(0.03)	(0.04)	0.04	1.57	(1.42)	3.54	(2.11)	9.03
AVA	1.07	(0.05)	0.00	(0.03)	0.00	0.00	2.28	(3.48)	6.64
ELP	1.72	0.06	0.00	0.52	2.48	(1.67)	3.42	(4.40)	11.66

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