Bell Copper Correlations

BCUFF Stock

USD 0.04 0 6.91%

The current 90-days correlation between Bell Copper and CopperCorp Resources is 0.04 (i.e., Significant diversification). The correlation of Bell Copper 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.

Bell Copper Correlation With Market

Good diversification

The correlation between Bell Copper 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 Bell Copper and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bell OTC Stock

0.84	PCTTW	PureCycle Technologies	Pair Corr
0.72	MAPSW	WM Technology	Pair Corr
0.86	GCMGW	GCM Grosvenor	Pair Corr

Moving against Bell OTC Stock

0.73	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	KEP	Korea Electric Power	Pair Corr
0.65	ATCOL	Atlas Corp	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.63	PTAIY	Astra International Tbk	Pair Corr
0.6	PTITF	PT Indosat Tbk	Pair Corr
0.59	EC	Ecopetrol SA ADR	Pair Corr
0.73	APGE	Apogee Therapeutics,	Pair Corr
0.7	TEO	Telecom Argentina	Pair Corr
0.7	IDN	Intellicheck Mobilisa	Pair Corr
0.69	GM	General Motors	Pair Corr
0.61	EGP	EastGroup Properties	Pair Corr
0.6	DDS	Dillards,	Pair Corr
0.5	NOEM	CO2 Energy Transition	Pair Corr
0.37	HE	Hawaiian Electric	Pair Corr
0.36	BLMC	Biloxi Marsh Lands	Pair Corr
0.85	DNLMY	Dunelm Group PLC	Pair Corr
0.75	REGN	Regeneron Pharmaceuticals	Pair Corr
0.73	AKAM	Akamai Technologies	Pair Corr
0.69	CX	Cemex SAB de	Pair Corr
0.66	CHACR	Crane Harbor Acquisition	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	CPCPF	PEMSF	ENDMF	MMMRF	AVPMF	CCWOF	SUIFF	PLMNF	TOGOF	BITTF
CPCPF		-0.37	0.68	-0.38	-0.09	-0.19	0.65	0.38	-0.25	0.49	CPCPF
PEMSF	-0.37		-0.24	-0.24	0.33	0.26	-0.47	0.05	0.68	-0.25	PEMSF
ENDMF	0.68	-0.24		-0.32	0.08	-0.01	0.66	0.15	-0.1	0.56	ENDMF
MMMRF	-0.38	-0.24	-0.32		-0.03	0.0	-0.29	-0.34	-0.23	-0.34	MMMRF
AVPMF	-0.09	0.33	0.08	-0.03		0.21	-0.3	-0.43	0.26	-0.1	AVPMF
CCWOF	-0.19	0.26	-0.01	0.0	0.21		-0.32	-0.22	0.26	-0.18	CCWOF
SUIFF	0.65	-0.47	0.66	-0.29	-0.3	-0.32		0.23	-0.25	0.73	SUIFF
PLMNF	0.38	0.05	0.15	-0.34	-0.43	-0.22	0.23		-0.15	0.0	PLMNF
TOGOF	-0.25	0.68	-0.1	-0.23	0.26	0.26	-0.25	-0.15		-0.15	TOGOF
BITTF	0.49	-0.25	0.56	-0.34	-0.1	-0.18	0.73	0.0	-0.15		BITTF
	CPCPF	PEMSF	ENDMF	MMMRF	AVPMF	CCWOF	SUIFF	PLMNF	TOGOF	BITTF

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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

BITTF	+ 0.73	SUIFF
ENDMF	+ 0.68	CPCPF
TOGOF	+ 0.68	PEMSF
SUIFF	+ 0.66	ENDMF
SUIFF	+ 0.65	CPCPF
BITTF	+ 0.56	ENDMF

High negative correlations

SUIFF	- 0.47	PEMSF
PLMNF	- 0.43	AVPMF
MMMRF	- 0.38	CPCPF
PEMSF	- 0.37	CPCPF
BITTF	- 0.34	MMMRF
PLMNF	- 0.34	MMMRF

Risk-Adjusted Indicators

There is a big difference between Bell OTC Stock performing well and Bell Copper 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 Bell Copper'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
CPCPF	6.56	(0.32)	0.00	(0.51)	0.00	0.00	17.80	(13.22)	45.98
PEMSF	9.03	3.63	0.39	17.97	6.54	(12.52)	18.33	(12.63)	118.60
ENDMF	1.60	0.00	0.00	0.08	2.58	(8.84)	9.09	(8.33)	17.42
MMMRF	36.29	17.04	0.00	(0.64)	0.00	0.00	0.00	(1.52)	833.79
AVPMF	10.91	2.80	0.12	0.41	8.64	(63.43)	45.00	(20.00)	202.86
CCWOF	8.52	2.03	0.17	(0.92)	8.20	(11.59)	21.43	(14.29)	50.00
SUIFF	1.34	(0.67)	0.00	1.19	0.00	0.00	0.00	0.00	34.44
PLMNF	3.03	(0.14)	0.00	(0.13)	0.00	0.00	12.94	(9.56)	34.12
TOGOF	8.70	1.67	0.16	0.36	8.25	(21.21)	27.47	(14.60)	89.63
BITTF	3.90	0.11	0.00	(0.12)	5.02	(5.43)	7.75	(11.46)	29.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bell Copper 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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