All Things Correlations

ATMH Stock

USD 0.07 0 6.53%

The current 90-days correlation between All Things Mobile and ADCapital is -0.09 (i.e., Good diversification). The correlation of All Things 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.

All Things Correlation With Market

Good diversification

The correlation between All Things Mobile and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding All Things Mobile and DJI in the same portfolio, assuming nothing else is changed.

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

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0.44	PTAIY	Astra International Tbk	Pair Corr
0.38	GAYMF	Galway Metals	Pair Corr
0.37	FRFFF	Fairfax Financial	Pair Corr
0.34	LION	Lionsgate Studios Holding	Pair Corr
0.34	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.47	LRDC	Laredo Oil	Pair Corr
0.4	NWTG	Newton Golf Symbol Change	Pair Corr
0.38	TORO	Toro	Pair Corr
0.37	BAM	Brookfield Asset Man Normal Trading	Pair Corr
0.33	GS	Goldman Sachs Group	Pair Corr
0.32	UMAC	Unusual Machines	Pair Corr

Related Correlations Analysis

	GIPL	AEAE	AOGO	ADCV	CNWHF	INTE	CDIX	MCAG	TRNGF	FDHC
GIPL		-0.04	-0.44	-0.75	0.0	-0.27	0.1	0.34	0.0	0.0	GIPL
AEAE	-0.04		0.38	0.24	0.0	0.54	-0.2	-0.47	0.0	0.0	AEAE
AOGO	-0.44	0.38		0.63	0.0	0.71	-0.35	-0.82	0.0	0.0	AOGO
ADCV	-0.75	0.24	0.63		0.0	0.45	-0.13	-0.52	0.0	0.0	ADCV
CNWHF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	1.0	CNWHF
INTE	-0.27	0.54	0.71	0.45	0.0		-0.56	-0.87	0.0	0.0	INTE
CDIX	0.1	-0.2	-0.35	-0.13	0.0	-0.56		0.48	0.0	0.0	CDIX
MCAG	0.34	-0.47	-0.82	-0.52	0.0	-0.87	0.48		0.0	0.0	MCAG
TRNGF	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		-1.0	TRNGF
FDHC	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	-1.0		FDHC
	GIPL	AEAE	AOGO	ADCV	CNWHF	INTE	CDIX	MCAG	TRNGF	FDHC

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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

FDHC	+ 1.0	CNWHF
INTE	+ 0.71	AOGO
ADCV	+ 0.63	AOGO
INTE	+ 0.54	AEAE
MCAG	+ 0.48	CDIX
INTE	+ 0.45	ADCV

High negative correlations

FDHC	- 1.0	TRNGF
TRNGF	- 1.0	CNWHF
MCAG	- 0.87	INTE
MCAG	- 0.82	AOGO
ADCV	- 0.75	GIPL
CDIX	- 0.56	INTE

Risk-Adjusted Indicators

There is a big difference between All Pink Sheet performing well and All Things 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 All Things' 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
GIPL	13.73	5.15	0.00	(1.61)	0.00	0.00	0.00	0.00	421.21
AEAE	1.10	(0.63)	0.00	(0.57)	0.00	0.00	0.00	0.00	36.79
AOGO	2.49	(1.26)	0.00	9.55	0.00	0.00	0.00	0.00	83.33
ADCV	0.14	(0.08)	0.00	7.02	0.00	0.00	0.00	0.00	4.67
CNWHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INTE	0.16	(0.09)	0.00	(5.26)	0.00	0.00	0.00	0.00	5.45
CDIX	11.28	2.94	0.15	1.10	14.94	(14.00)	20.00	(16.96)	225.08
MCAG	0.12	0.05	0.00	0.75	0.00	0.00	0.00	0.00	3.36
TRNGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FDHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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