All Things Correlations

ATMH Stock

USD 0.06 0.01 13.34%

The current 90-days correlation between All Things Mobile and ADCapital is -0.05 (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

Excellent diversification

The correlation between All Things Mobile and DJI is -0.59 (i.e., Excellent 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.

Moving together with All Pink Sheet

0.69	XXI	Twenty One Capital	Pair Corr
0.62	MNTN	MNTN Inc	Pair Corr
0.69	HPQ	HP Inc	Pair Corr

Moving against All Pink Sheet

0.72	LION	Lionsgate Studios Holding	Pair Corr
0.71	AIZ	Assurant	Pair Corr
0.62	KGC	Kinross Gold Aggressive Push	Pair Corr
0.58	KEYS	Keysight Technologies	Pair Corr
0.57	PBAJ	Petro Usa	Pair Corr
0.56	AEM	Agnico Eagle Mines	Pair Corr
0.51	KMFG	KMFG	Pair Corr
0.5	USAS	Americas Silver Corp Trending	Pair Corr
0.35	KAEPY	Kansai Electric Power Earnings Call This Week	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.56	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.52	JNJ	Johnson Johnson	Pair Corr
0.52	BAC	Bank of America	Pair Corr
0.49	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.46	BA	Boeing Earnings Call This Week	Pair Corr
0.36	AXP	American Express Earnings Call This Week	Pair Corr
0.35	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	GIPL	AEAE	AOGO	ADCV	CNWHF	INTE	CDIX	MCAG	TRNGF	FDHC
GIPL		0.72	0.3	-0.02	0.0	0.5	-0.07	-0.45	0.0	0.0	GIPL
AEAE	0.72		0.48	0.24	0.0	0.68	-0.17	-0.59	0.0	0.0	AEAE
AOGO	0.3	0.48		0.51	0.0	0.71	-0.26	-0.82	0.0	0.0	AOGO
ADCV	-0.02	0.24	0.51		0.0	0.36	0.03	-0.42	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	0.5	0.68	0.71	0.36	0.0		-0.45	-0.86	0.0	0.0	INTE
CDIX	-0.07	-0.17	-0.26	0.03	0.0	-0.45		0.34	0.0	0.0	CDIX
MCAG	-0.45	-0.59	-0.82	-0.42	0.0	-0.86	0.34		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
AEAE	+ 0.72	GIPL
INTE	+ 0.71	AOGO
INTE	+ 0.68	AEAE
ADCV	+ 0.51	AOGO
INTE	+ 0.5	GIPL

High negative correlations

FDHC	- 1.0	TRNGF
TRNGF	- 1.0	CNWHF
MCAG	- 0.86	INTE
MCAG	- 0.82	AOGO
MCAG	- 0.59	AEAE
CDIX	- 0.45	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	22.79	11.54	0.00	(0.62)	0.00	0.00	0.00	0.00	486.25
AEAE	1.79	0.43	0.00	(0.24)	0.00	0.00	0.00	0.00	96.32
AOGO	2.49	(1.22)	0.00	1.75	0.00	0.00	0.00	0.00	83.33
ADCV	0.14	(0.09)	0.00	(0.68)	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	0.17	(0.01)	0.00	(0.12)	0.00	0.00	0.00	0.00	11.22
CDIX	12.00	3.37	0.12	(0.51)	15.19	(17.26)	25.00	(28.43)	225.08
MCAG	0.15	0.06	0.00	0.53	0.00	0.00	0.43	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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