Arcus Development Correlations

ARCUF Stock

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The correlation of Arcus Development 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.

Arcus Development Correlation With Market

Good diversification

The correlation between Arcus Development Group and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcus Development Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Arcus Pink Sheet

0.73	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.67	WPM	Wheaton Precious Metals	Pair Corr
0.7	AU	AngloGold Ashanti plc	Pair Corr
0.79	KGC	Kinross Gold Aggressive Push	Pair Corr
0.93	PPERF	Bank Mandiri Persero	Pair Corr
0.66	PPERY	Bank Mandiri Persero	Pair Corr
0.75	WF	Woori Financial Group	Pair Corr
0.64	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr
0.76	APGE	Apogee Therapeutics,	Pair Corr
0.69	IDN	Intellicheck Mobilisa	Pair Corr
0.69	NOEM	CO2 Energy Transition	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.79	ULTA	Ulta Beauty	Pair Corr
0.61	ASTI	Ascent Solar Technol Tech Boost	Pair Corr
0.86	CM	Canadian Imperial Bank	Pair Corr
0.69	SHIP	Seanergy Maritime	Pair Corr
0.74	GSVRF	Guanajuato Silver	Pair Corr

Moving against Arcus Pink Sheet

0.35	BKRKY	Bank Rakyat	Pair Corr
0.48	12532HAF1	GIBACN 23 14	Pair Corr
0.37	RYSKF	Reysas Tasimacilik	Pair Corr
0.52	CYPS	Cyclo3pss	Pair Corr

Related Correlations Analysis

	NGUGF	MAKAF	GFTRF	NULGF	MNGG	TYPFF	NEWDF	CYNXF	EGMLF	WEGOF
NGUGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NGUGF
MAKAF	0.0		0.0	0.03	0.0	0.32	0.14	0.0	0.0	-0.25	MAKAF
GFTRF	0.0	0.0		0.0	1.0	0.0	0.0	-1.0	-1.0	0.0	GFTRF
NULGF	0.0	0.03	0.0		0.0	-0.08	-0.08	0.0	0.0	0.0	NULGF
MNGG	0.0	0.0	1.0	0.0		0.0	0.0	-1.0	-1.0	0.0	MNGG
TYPFF	0.0	0.32	0.0	-0.08	0.0		0.56	0.0	0.0	-0.06	TYPFF
NEWDF	0.0	0.14	0.0	-0.08	0.0	0.56		0.0	0.0	0.25	NEWDF
CYNXF	0.0	0.0	-1.0	0.0	-1.0	0.0	0.0		1.0	0.0	CYNXF
EGMLF	0.0	0.0	-1.0	0.0	-1.0	0.0	0.0	1.0		0.0	EGMLF
WEGOF	0.0	-0.25	0.0	0.0	0.0	-0.06	0.25	0.0	0.0		WEGOF
	NGUGF	MAKAF	GFTRF	NULGF	MNGG	TYPFF	NEWDF	CYNXF	EGMLF	WEGOF

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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

MNGG	+ 1.0	GFTRF
EGMLF	+ 1.0	CYNXF
NEWDF	+ 0.56	TYPFF
TYPFF	+ 0.32	MAKAF
WEGOF	+ 0.25	NEWDF
NEWDF	+ 0.14	MAKAF

High negative correlations

EGMLF	- 1.0	MNGG
CYNXF	- 1.0	MNGG
EGMLF	- 1.0	GFTRF
CYNXF	- 1.0	GFTRF
WEGOF	- 0.25	MAKAF
NEWDF	- 0.08	NULGF

Risk-Adjusted Indicators

There is a big difference between Arcus Pink Sheet performing well and Arcus Development 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 Arcus Development'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
NGUGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAKAF	7.74	0.29	0.01	0.30	10.64	(28.77)	34.00	(28.00)	87.82
GFTRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NULGF	54.62	27.37	0.76	(0.90)	17.51	(106.32)	18.52	(21.87)	1,029
MNGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TYPFF	11.97	4.96	0.00	(3.05)	0.00	0.00	0.00	0.00	400.00
NEWDF	6.94	1.32	0.15	1.33	6.00	(13.45)	18.18	(12.50)	66.67
CYNXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGMLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WEGOF	1.78	0.62	0.00	(1.70)	0.00	0.00	0.00	0.00	78.98

Be your own money manager

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