Ayurcann Holdings Correlations

AYURF Stock

USD 0.02 0.03 57.69%

The correlation of Ayurcann Holdings 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.

Ayurcann Holdings Correlation With Market

Significant diversification

The correlation between Ayurcann Holdings Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ayurcann Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Ayurcann OTC Stock

0.57	HLNCF	Haleon plc	Pair Corr
0.56	HLN	Haleon plc	Pair Corr
0.32	MKGAF	MERCK Kommanditgesells	Pair Corr
0.61	VZ	Verizon Communications Aggressive Push	Pair Corr
0.56	KO	Coca Cola Aggressive Push	Pair Corr
0.51	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.39	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.39	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.36	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	IONKF	LOWLF	VEXTF	GRUSF	GDNSF	BMMJ	FFNTF	ROMJF	CLSH
IONKF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IONKF
LOWLF	0.0		-0.13	-0.35	-0.08	-0.3	-0.17	-0.04	0.17	LOWLF
VEXTF	0.0	-0.13		-0.13	0.69	0.65	0.65	0.82	-0.55	VEXTF
GRUSF	0.0	-0.35	-0.13		-0.16	-0.11	-0.09	-0.32	0.29	GRUSF
GDNSF	0.0	-0.08	0.69	-0.16		0.8	0.78	0.72	-0.48	GDNSF
BMMJ	0.0	-0.3	0.65	-0.11	0.8		0.78	0.69	-0.63	BMMJ
FFNTF	0.0	-0.17	0.65	-0.09	0.78	0.78		0.68	-0.57	FFNTF
ROMJF	0.0	-0.04	0.82	-0.32	0.72	0.69	0.68		-0.6	ROMJF
CLSH	0.0	0.17	-0.55	0.29	-0.48	-0.63	-0.57	-0.6		CLSH
	IONKF	LOWLF	VEXTF	GRUSF	GDNSF	BMMJ	FFNTF	ROMJF	CLSH

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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

ROMJF	+ 0.82	VEXTF
BMMJ	+ 0.8	GDNSF
FFNTF	+ 0.78	GDNSF
FFNTF	+ 0.78	BMMJ
ROMJF	+ 0.72	GDNSF
GDNSF	+ 0.69	VEXTF

High negative correlations

CLSH	- 0.63	BMMJ
CLSH	- 0.6	ROMJF
CLSH	- 0.57	FFNTF
CLSH	- 0.55	VEXTF
CLSH	- 0.48	GDNSF
GRUSF	- 0.35	LOWLF

Risk-Adjusted Indicators

There is a big difference between Ayurcann OTC Stock performing well and Ayurcann Holdings 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 Ayurcann Holdings' 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
IONKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOWLF	23.29	5.21	0.18	(1.00)	20.75	(35.40)	60.00	(33.33)	124.75
VEXTF	3.80	0.03	0.00	0.11	0.00	0.00	7.69	(7.14)	28.57
GRUSF	3.03	0.19	0.00	(0.15)	3.37	(3.57)	6.25	(5.56)	18.46
GDNSF	4.89	(0.32)	0.00	0.63	0.00	0.00	8.89	(9.52)	43.15
BMMJ	4.96	(0.28)	0.00	(3.47)	0.00	0.00	14.50	(33.33)	100.00
FFNTF	7.80	(0.25)	0.00	0.26	0.00	0.00	15.38	(18.18)	58.33
ROMJF	2.98	(0.49)	0.00	(1.37)	0.00	0.00	9.09	(6.45)	38.10
CLSH	8.30	0.81	0.07	0.41	9.04	(12.92)	23.72	(18.67)	85.24

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Our tools can tell you how much better you can do entering a position in Ayurcann Holdings 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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