Avricore Health Correlations

AVCRF Stock

USD 0.06 0.01 17.47%

The current 90-days correlation between Avricore Health and Neuronetics is 0.12 (i.e., Average diversification). The correlation of Avricore Health 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.

Avricore Health Correlation With Market

Significant diversification

The correlation between Avricore Health and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avricore Health and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Avricore Pink Sheet

0.94	TMO	Thermo Fisher Scientific	Pair Corr
0.9	DHR	Danaher	Pair Corr
0.71	LZAGF	Lonza Group	Pair Corr
0.82	IDXX	IDEXX Laboratories	Pair Corr
0.92	IQV	IQVIA Holdings	Pair Corr
0.86	MTD	Mettler Toledo Inter	Pair Corr

Moving against Avricore Pink Sheet

0.94	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.93	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.91	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.9	DORM	Dorman Products	Pair Corr
0.88	CRS	Carpenter Technology	Pair Corr
0.84	GLBE	Global E Online	Pair Corr
0.83	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.7	WUXIF	WuXi AppTec Upward Rally	Pair Corr
0.7	BBAI	BigBearai Holdings Tech Boost	Pair Corr
0.95	SOFI	SoFi Technologies	Pair Corr
0.95	MSTR	MicroStrategy Incorporated Buyout Trend	Pair Corr
0.94	OPRA	Opera	Pair Corr
0.93	IONQ	IONQ Inc	Pair Corr
0.91	LUNR	Intuitive Machines	Pair Corr
0.91	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.88	FDP	Fresh Del Monte	Pair Corr
0.87	BFLY	Butterfly Network	Pair Corr
0.84	AVTE	Aerovate Therapeutics	Pair Corr
0.83	ORCL	Oracle	Pair Corr
0.79	FUND	Sprott Focus Trust	Pair Corr
0.75	INMD	InMode	Pair Corr
0.72	RUM	Rumble Inc Sell-off Trend	Pair Corr
0.67	APLD	Applied Blockchain	Pair Corr
0.66	SOUN	SoundHound AI Trending	Pair Corr
0.66	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.43	SDIG	Stronghold Digital Mining	Pair Corr

Related Correlations Analysis

	STIM	INBS	BDSX	PRPO	PRPH	BIAFW	RDNT	FONR	STRR	QGEN
STIM		-0.23	-0.41	-0.42	-0.29	-0.58	0.12	-0.23	-0.44	-0.05	STIM
INBS	-0.23		0.44	-0.11	0.21	0.33	-0.18	0.61	0.3	0.71	INBS
BDSX	-0.41	0.44		0.64	0.86	0.68	-0.75	0.53	0.87	0.43	BDSX
PRPO	-0.42	-0.11	0.64		0.73	0.63	-0.65	0.11	0.77	-0.01	PRPO
PRPH	-0.29	0.21	0.86	0.73		0.63	-0.92	0.29	0.92	0.28	PRPH
BIAFW	-0.58	0.33	0.68	0.63	0.63		-0.52	0.41	0.73	0.31	BIAFW
RDNT	0.12	-0.18	-0.75	-0.65	-0.92	-0.52		-0.15	-0.84	-0.29	RDNT
FONR	-0.23	0.61	0.53	0.11	0.29	0.41	-0.15		0.36	0.6	FONR
STRR	-0.44	0.3	0.87	0.77	0.92	0.73	-0.84	0.36		0.32	STRR
QGEN	-0.05	0.71	0.43	-0.01	0.28	0.31	-0.29	0.6	0.32		QGEN
	STIM	INBS	BDSX	PRPO	PRPH	BIAFW	RDNT	FONR	STRR	QGEN

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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

STRR	+ 0.92	PRPH
STRR	+ 0.87	BDSX
PRPH	+ 0.86	BDSX
STRR	+ 0.77	PRPO
PRPH	+ 0.73	PRPO
STRR	+ 0.73	BIAFW

High negative correlations

RDNT	- 0.92	PRPH
STRR	- 0.84	RDNT
RDNT	- 0.75	BDSX
RDNT	- 0.65	PRPO
BIAFW	- 0.58	STIM
RDNT	- 0.52	BIAFW

Risk-Adjusted Indicators

There is a big difference between Avricore Pink Sheet performing well and Avricore Health 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 Avricore Health'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
STIM	5.37	0.70	0.10	0.39	7.90	(6.37)	9.86	(9.45)	59.07
INBS	4.89	(0.12)	0.00	(0.27)	0.00	0.00	12.00	(10.59)	29.81
BDSX	2.62	(0.37)	0.00	2.25	0.00	0.00	5.66	(5.56)	29.19
PRPO	1.96	(0.10)	0.00	1.72	0.00	0.00	3.85	(3.88)	11.81
PRPH	4.43	(1.71)	0.00	1.80	0.00	0.00	5.73	(7.56)	55.04
BIAFW	11.07	0.01	0.00	0.12	13.09	(16.02)	28.21	(27.40)	96.67
RDNT	1.96	0.46	0.16	(1.63)	1.56	(2.24)	3.77	(2.67)	22.39
FONR	1.49	(0.17)	0.00	(0.11)	0.00	0.00	2.15	(2.81)	13.29
STRR	2.47	(0.58)	0.00	6.79	0.00	0.00	5.29	(6.09)	17.14
QGEN	1.02	(0.05)	(0.09)	0.01	1.21	(1.07)	2.07	(1.95)	4.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avricore Health 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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Avricore Health Corporate Management

Rodger Seccombe	Head Director	Profile
Hector Bremner	CEO Director	Profile
Will Seccombe	Communications Advisor	Profile
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