CONICO Correlations

BDD Stock

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The current 90-days correlation between CONICO LTD and BANK OF CHINA is -0.06 (i.e., Good diversification). The correlation of CONICO 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.

CONICO Correlation With Market

Excellent diversification

The correlation between CONICO LTD and DJI is -0.64 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CONICO LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CONICO Stock

0.62

AJW

ANGES MG

Pair Corr

Moving against CONICO Stock

0.42	RHO	ROCHE HLDG	Pair Corr
0.42	NOT	NOVARTIS N	Pair Corr
0.39	6MK	Merck	Pair Corr
0.31	TOTB	TotalEnergies SE	Pair Corr
0.58	1QK	Aedas Homes SA	Pair Corr
0.47	PKE	Park Aerospace Corp	Pair Corr
0.47	F5J	Mineral Resources	Pair Corr
0.47	LTT	Lattice Semiconductor	Pair Corr
0.45	KIN2	Kinross Gold	Pair Corr
0.42	VDY	OneSpan Earnings Call Today	Pair Corr
0.42	CIE1	Ciena Earnings Call This Week	Pair Corr
0.41	FXI	FLEXTRONICS INTL	Pair Corr
0.39	TEX	Castellum AB	Pair Corr
0.39	GZM0	FEEDBACK PLC LS	Pair Corr
0.38	TWZ	Trican Well Service	Pair Corr
0.34	WFK	World Fuel Services	Pair Corr
0.64	C43	Cosmo Pharmaceuticals	Pair Corr
0.62	IXD1	Industria de Diseno	Pair Corr
0.56	KGHA	KGHM Polska Miedz	Pair Corr
0.49	OCBA	Oversea Chinese Banking	Pair Corr

Related Correlations Analysis

	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V
RHO		-0.79	-0.6	-0.85	0.92	0.98	0.97	-0.11	0.95	0.38	RHO
ABL	-0.79		0.58	0.81	-0.61	-0.74	-0.75	-0.23	-0.78	-0.32	ABL
DAP	-0.6	0.58		0.7	-0.53	-0.64	-0.64	0.42	-0.57	-0.31	DAP
QCI	-0.85	0.81	0.7		-0.78	-0.83	-0.83	0.04	-0.91	-0.49	QCI
6MK	0.92	-0.61	-0.53	-0.78		0.93	0.92	-0.27	0.89	0.41	6MK
NOT	0.98	-0.74	-0.64	-0.83	0.93		0.99	-0.17	0.93	0.39	NOT
NOT	0.97	-0.75	-0.64	-0.83	0.92	0.99		-0.15	0.93	0.38	NOT
AMD	-0.11	-0.23	0.42	0.04	-0.27	-0.17	-0.15		-0.03	-0.08	AMD
4I1	0.95	-0.78	-0.57	-0.91	0.89	0.93	0.93	-0.03		0.42	4I1
W8V	0.38	-0.32	-0.31	-0.49	0.41	0.39	0.38	-0.08	0.42		W8V
	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V

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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

NOT	+ 0.99	NOT
NOT	+ 0.98	RHO
NOT	+ 0.97	RHO
4I1	+ 0.95	RHO
NOT	+ 0.93	6MK
4I1	+ 0.93	NOT

High negative correlations

4I1	- 0.91	QCI
QCI	- 0.85	RHO
NOT	- 0.83	QCI
NOT	- 0.83	QCI
ABL	- 0.79	RHO
6MK	- 0.78	QCI

Risk-Adjusted Indicators

There is a big difference between CONICO Stock performing well and CONICO 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 CONICO'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
RHO	0.96	0.22	0.10	0.74	1.36	(1.07)	2.24	(2.20)	8.07
ABL	1.09	(0.12)	0.00	0.26	0.00	0.00	1.95	(2.11)	14.56
DAP	1.22	(0.08)	0.00	0.32	0.00	0.00	2.32	(2.98)	8.54
QCI	1.46	(0.19)	0.00	1.35	0.00	0.00	1.90	(2.57)	12.93
6MK	1.29	0.40	0.16	(0.99)	1.28	(1.48)	3.38	(2.23)	8.41
NOT	0.91	0.38	0.33	(4.06)	0.35	(1.13)	2.70	(1.40)	5.41
NOT	0.82	0.35	0.35	2.00	0.21	(1.08)	2.10	(1.18)	4.95
AMD	2.67	(0.02)	0.00	0.15	0.00	0.00	6.33	(5.57)	24.55
4I1	1.10	0.31	0.12	(1.26)	1.16	(1.23)	2.65	(2.55)	7.67
W8V	1.49	0.05	0.00	0.21	2.72	(3.37)	2.08	(2.04)	24.03

Be your own money manager

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