Monitor Ventures Correlations

AVCVF Stock  USD 0.09  0.00  0.00%   
The current 90-days correlation between Monitor Ventures and Blue Star Global is 0.02 (i.e., Significant diversification). The correlation of Monitor Ventures 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.

Monitor Ventures Correlation With Market

Good diversification

The correlation between Monitor Ventures and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monitor Ventures and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Monitor Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Monitor Ventures 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 Monitor Ventures - 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 Monitor Ventures to buy it.

Moving together with Monitor OTC Stock

  0.76CMWCF Cromwell PropertyPairCorr
  0.83MSFT Microsoft Sell-off TrendPairCorr
  0.66PG Procter GamblePairCorr

Moving against Monitor OTC Stock

  0.91MRK Merck CompanyPairCorr
  0.86WMT Walmart Common Stock Sell-off TrendPairCorr
  0.79AA Alcoa CorpPairCorr
  0.77CSCO Cisco SystemsPairCorr
  0.74DD Dupont De NemoursPairCorr
  0.71BAC Bank of AmericaPairCorr
  0.69TRV The Travelers CompaniesPairCorr
  0.68CAT CaterpillarPairCorr
  0.59KO Coca ColaPairCorr
  0.41PFE Pfizer Inc Sell-off TrendPairCorr
  0.37MMM 3M CompanyPairCorr

Related Correlations Analysis


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

MDMNGERFF
PGPGFGERFF
PGPGFMDMN
BUSCAVRTF
CYLYFGOCOF
GESIEVGUF
  

High negative correlations

CYLYFEVGUF
CYLYFGESI
GESIGOCOF
CYLYFAVRTF
SLMZFBUSC
SLMZFGESI

Risk-Adjusted Indicators

There is a big difference between Monitor OTC Stock performing well and Monitor Ventures 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 Monitor Ventures' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GOCOF  24.21  9.41  0.18 (1.04) 15.35 
 108.33 
 274.18 
AVRTF  17.07  7.81  0.00 (2.31) 0.00 
 0.00 
 463.38 
EVGUF  32.90  12.76  0.23  0.84  16.85 
 42.86 
 791.05 
GERFF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MDMN  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BUSC  17.91  8.02  0.28  9.51  7.67 
 17.65 
 366.25 
PGPGF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GESI  122.02  54.10  0.80  0.87  19.14 
 0.00 
 4,098 
CYLYF  1.19  0.73  0.00 (0.25) 0.00 
 0.00 
 40.00 
SLMZF  36.10  17.81  0.00 (2.27) 0.00 
 115.00 
 696.72 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Monitor Ventures 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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Monitor Ventures Corporate Management

Elected by the shareholders, the Monitor Ventures' board of directors comprises two types of representatives: Monitor Ventures inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Monitor. The board's role is to monitor Monitor Ventures' management team and ensure that shareholders' interests are well served. Monitor Ventures' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Monitor Ventures' outside directors are responsible for providing unbiased perspectives on the board's policies.