Arcane Crypto Correlations

ARCNF Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between Arcane Crypto AB and OFX Group Ltd is -0.02 (i.e., Good diversification). The correlation of Arcane Crypto 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.

Arcane Crypto Correlation With Market

Good diversification

The correlation between Arcane Crypto AB and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcane Crypto AB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Arcane Pink Sheet

0.66	MS-PK	Morgan Stanley	Pair Corr
0.88	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.92	INTC	Intel	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr

Moving against Arcane Pink Sheet

0.84	MS-PA	Morgan Stanley	Pair Corr
0.8	DAN	Dana Inc	Pair Corr
0.75	517834AH0	US517834AH06	Pair Corr
0.7	HSEEF	Hill Street Beverage	Pair Corr
0.6	FMCB	Farmers Merchants Bancorp	Pair Corr
0.58	FUWAF	Furukawa Electric	Pair Corr
0.57	KTOS	Kratos Defense Security Earnings Call This Week	Pair Corr
0.5	NDEKY	Nitto Denko Corp	Pair Corr
0.38	IBKR	Interactive Brokers	Pair Corr
0.86	BA	Boeing	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.61	AXP	American Express	Pair Corr
0.57	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.53	IBM	International Business	Pair Corr
0.47	MSFT	Microsoft	Pair Corr
0.37	DIS	Walt Disney	Pair Corr
0.35	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	SPNNF	OZFRY	MATEF	CYFRF	CBTTF	CRMZ	AAMTF	BCNWF
SPNNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SPNNF
OZFRY	0.0		-0.73	-0.7	0.55	-0.14	0.35	-0.13	OZFRY
MATEF	0.0	-0.73		0.72	-0.85	0.0	-0.51	0.3	MATEF
CYFRF	0.0	-0.7	0.72		-0.57	-0.21	-0.49	0.31	CYFRF
CBTTF	0.0	0.55	-0.85	-0.57		0.05	0.52	-0.26	CBTTF
CRMZ	0.0	-0.14	0.0	-0.21	0.05		-0.05	0.35	CRMZ
AAMTF	0.0	0.35	-0.51	-0.49	0.52	-0.05		-0.43	AAMTF
BCNWF	0.0	-0.13	0.3	0.31	-0.26	0.35	-0.43		BCNWF
	SPNNF	OZFRY	MATEF	CYFRF	CBTTF	CRMZ	AAMTF	BCNWF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CYFRF	+ 0.72	MATEF
CBTTF	+ 0.55	OZFRY
AAMTF	+ 0.52	CBTTF
AAMTF	+ 0.35	OZFRY
BCNWF	+ 0.35	CRMZ
BCNWF	+ 0.31	CYFRF

High negative correlations

CBTTF	- 0.85	MATEF
MATEF	- 0.73	OZFRY
CYFRF	- 0.7	OZFRY
CBTTF	- 0.57	CYFRF
AAMTF	- 0.51	MATEF
AAMTF	- 0.49	CYFRF

Risk-Adjusted Indicators

There is a big difference between Arcane Pink Sheet performing well and Arcane Crypto 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 Arcane Crypto'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
SPNNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OZFRY	1.21	(0.65)	0.00	(2.67)	0.00	0.00	0.00	0.00	40.65
MATEF	14.31	5.02	0.33	(0.78)	9.81	(24.95)	50.94	(19.69)	118.61
CYFRF	8.38	2.24	0.28	2.67	7.38	(10.66)	23.33	(13.08)	48.44
CBTTF	4.13	(0.11)	(0.01)	0.01	4.72	(5.27)	8.92	(9.17)	26.10
CRMZ	1.91	0.06	0.00	0.21	2.47	(3.43)	4.90	(5.00)	23.54
AAMTF	7.28	1.15	0.05	0.63	8.78	(31.34)	20.00	(16.67)	147.62
BCNWF	6.27	0.51	0.08	0.23	5.70	(10.64)	14.42	(8.33)	35.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arcane Crypto 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.

Did you try this?

Run Pattern Recognition Now

Pattern Recognition

Use different Pattern Recognition models to time the market across multiple global exchanges

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC