Avricore Health Correlations
| AVCRF Stock | USD 0.05 0.01 24.21% |
The current 90-days correlation between Avricore Health and China New Energy is 0.01 (i.e., Significant 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
Good diversification
The correlation between Avricore Health and DJI is -0.03 (i.e., Good 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.
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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
| 0.8 | TMO | Thermo Fisher Scientific | PairCorr |
| 0.84 | DHR | Danaher | PairCorr |
| 0.63 | LZAGF | Lonza Group | PairCorr |
| 0.76 | LZAGY | Lonza Group AG | PairCorr |
| 0.87 | IQV | IQVIA Holdings Sell-off Trend | PairCorr |
| 0.72 | IDXX | IDEXX Laboratories | PairCorr |
| 0.84 | MTD | Mettler Toledo Inter | PairCorr |
| 0.71 | AAGH | America Great Health | PairCorr |
| 0.69 | 29364WBB3 | ENTERGY LA LLC | PairCorr |
Moving against Avricore Pink Sheet
| 0.73 | WUXIF | WuXi AppTec | PairCorr |
| 0.49 | STI | Solidion Technology Symbol Change | PairCorr |
| 0.79 | C | Citigroup Aggressive Push | PairCorr |
| 0.78 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.77 | FKYS | First Keystone Corp | PairCorr |
| 0.77 | PNRG | PrimeEnergy | PairCorr |
| 0.76 | CRGY | Crescent Energy | PairCorr |
| 0.67 | BSX | Boston Scientific Corp | PairCorr |
| 0.63 | SBFMW | Sunshine Biopharma | PairCorr |
| 0.58 | MITK | Mitek Systems Potential Growth | PairCorr |
| 0.5 | SLXN | Biomotion Sciences | PairCorr |
| 0.42 | BKYI | BIO Key International | PairCorr |
| 0.41 | AP | Ampco Pittsburgh | PairCorr |
| 0.31 | HAYN | Haynes International | PairCorr |
| 0.84 | WBD | Warner Bros Discovery | PairCorr |
| 0.84 | GPOR | Gulfport Energy Operating | PairCorr |
| 0.82 | TEAM | Atlassian Corp Plc | PairCorr |
| 0.81 | AVXL | Anavex Life Sciences | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNER | 12.08 | 2.36 | 0.05 | 0.81 | 14.58 | 25.00 | 230.00 | |||
| CRL | 1.85 | (0.24) | 0.00 | (0.36) | 0.00 | 3.35 | 19.87 | |||
| QGEN | 0.91 | 0.06 | 0.04 | 0.28 | 1.00 | 2.33 | 6.79 | |||
| TMO | 0.98 | (0.12) | 0.00 | (0.46) | 0.00 | 1.81 | 5.86 | |||
| A | 1.21 | 0.03 | 0.01 | 0.09 | 1.45 | 2.72 | 8.06 | |||
| IDXX | 1.26 | (0.19) | 0.00 | (2.79) | 0.00 | 2.55 | 11.58 | |||
| ILMN | 1.70 | (0.12) | 0.00 | (0.36) | 0.00 | 3.90 | 10.92 | |||
| WAT | 1.54 | 0.22 | 0.13 | 10.49 | 1.41 | 3.00 | 24.69 | |||
| DHR | 0.99 | (0.20) | 0.00 | (0.49) | 0.00 | 1.65 | 5.44 |
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.Did you try this?
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Avricore Health Corporate Management
| Rodger Seccombe | Head Director | Profile | |
| Hector Bremner | CEO Director | Profile | |
| Will Seccombe | Communications Advisor | Profile | |
| CPA CFO | CFO Sec | Profile | |
| Allan Shapiro | Mang Devel | Profile |