Progressive Planet Correlations

ASHXF Stock

USD 0.29 0.01 3.57%

The current 90-days correlation between Progressive Planet and Aton Resources is -0.17 (i.e., Good diversification). The correlation of Progressive Planet 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.

Progressive Planet Correlation With Market

Very poor diversification

The correlation between Progressive Planet Solutions and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Progressive Planet Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Progressive OTC Stock

0.82	BHPLF	BHP Group Limited	Pair Corr
0.94	RIO	Rio Tinto ADR	Pair Corr
0.92	BHP	BHP Group Limited	Pair Corr
0.87	RTNTF	Rio Tinto Group	Pair Corr
0.94	RTPPF	Rio Tinto Group	Pair Corr
0.94	GLCNF	Glencore PLC	Pair Corr
0.94	GLNCY	Glencore PLC ADR	Pair Corr
0.9	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.76	BKKLY	Bangkok Bank PCL	Pair Corr
0.88	MARUF	Marubeni	Pair Corr
0.65	SSRM	SSR Mining	Pair Corr
0.82	DCI	Donaldson	Pair Corr
0.73	WMT	Walmart Common Stock	Pair Corr
0.76	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.76	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.65	INTC	Intel Earnings Call Tomorrow	Pair Corr

Moving against Progressive OTC Stock

0.79	HPQ	HP Inc	Pair Corr
0.76	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.41	MMM	3M Company	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ARIZF	BSHVF	ANLBF	TVIPF	AGCCF	ATCMF	LIMFF	CMRZF	UREQF	USREF
ARIZF		0.0	0.73	0.53	-0.15	0.69	-0.12	0.64	0.0	-0.68	ARIZF
BSHVF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.0	BSHVF
ANLBF	0.73	0.0		0.36	-0.07	0.66	-0.18	0.73	0.0	-0.77	ANLBF
TVIPF	0.53	0.0	0.36		-0.34	0.47	-0.06	0.34	0.0	-0.33	TVIPF
AGCCF	-0.15	0.0	-0.07	-0.34		0.0	0.28	-0.1	0.0	0.08	AGCCF
ATCMF	0.69	0.0	0.66	0.47	0.0		-0.13	0.38	0.0	-0.51	ATCMF
LIMFF	-0.12	0.0	-0.18	-0.06	0.28	-0.13		-0.13	0.0	-0.06	LIMFF
CMRZF	0.64	0.0	0.73	0.34	-0.1	0.38	-0.13		0.0	-0.63	CMRZF
UREQF	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	UREQF
USREF	-0.68	0.0	-0.77	-0.33	0.08	-0.51	-0.06	-0.63	0.0		USREF
	ARIZF	BSHVF	ANLBF	TVIPF	AGCCF	ATCMF	LIMFF	CMRZF	UREQF	USREF

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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

UREQF	+ 1.0	BSHVF
ANLBF	+ 0.73	ARIZF
CMRZF	+ 0.73	ANLBF
ATCMF	+ 0.69	ARIZF
ATCMF	+ 0.66	ANLBF
CMRZF	+ 0.64	ARIZF

High negative correlations

USREF	- 0.77	ANLBF
USREF	- 0.68	ARIZF
USREF	- 0.63	CMRZF
USREF	- 0.51	ATCMF
AGCCF	- 0.34	TVIPF
USREF	- 0.33	TVIPF

Risk-Adjusted Indicators

There is a big difference between Progressive OTC Stock performing well and Progressive Planet OTC Stock 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 Progressive Planet'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
ARIZF	0.85	0.46	0.00	(0.87)	0.00	0.00	0.00	0.00	28.57
BSHVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANLBF	3.37	1.53	0.00	1.16	0.00	0.00	7.69	0.00	52.86
TVIPF	4.96	1.18	0.00	(0.58)	0.00	0.00	6.67	(15.00)	118.58
AGCCF	30.75	10.29	0.20	1.00	18.17	(214.00)	50.00	(28.57)	483.33
ATCMF	4.75	0.71	0.09	0.87	4.34	(9.04)	13.33	(7.14)	25.10
LIMFF	6.04	1.65	0.00	3.34	0.00	0.00	0.00	0.00	207.27
CMRZF	6.14	0.97	0.06	(1.36)	6.53	(14.39)	16.67	(14.29)	68.75
UREQF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USREF	2.52	(0.14)	0.00	0.60	0.00	0.00	6.13	(7.53)	19.98

Be your own money manager

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