Bespoke Extracts Correlations

BSPK Stock

USD 0.20 0.05 33.33%

The current 90-days correlation between Bespoke Extracts and Qs Moderate Growth is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bespoke Extracts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bespoke Extracts moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bespoke Extracts Correlation With Market

Good diversification

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

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

Moving together with Bespoke OTC Stock

0.7

Boeing

Pair Corr

Moving against Bespoke OTC Stock

0.81	SHG	Shinhan Financial	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.79	KB	KB Financial Group	Pair Corr
0.69	PPERY	Bank Mandiri Persero	Pair Corr
0.69	KO	Coca Cola	Pair Corr
0.66	MMM	3M Company	Pair Corr
0.65	PBCRY	Bank Central Asia	Pair Corr
0.64	AXP	American Express	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.62	PBCRF	PT Bank Central	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.57	IBM	International Business	Pair Corr
0.55	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.46	BKRKF	PT Bank Rakyat	Pair Corr
0.41	PTBRY	Bank Negara Indonesia	Pair Corr
0.37	MCD	McDonalds	Pair Corr
0.34	PPERF	Bank Mandiri Persero	Pair Corr
0.33	WMT	Walmart Common Stock	Pair Corr

Related Correlations Analysis

	SCGCX	FTRNX	AA	AZO	ORLY	RACE	WFC	SEED
SCGCX		0.68	0.61	-0.55	-0.56	-0.28	0.62	0.37	SCGCX
FTRNX	0.68		-0.07	-0.03	-0.13	0.1	0.02	0.49	FTRNX
AA	0.61	-0.07		-0.8	-0.71	-0.69	0.83	0.09	AA
AZO	-0.55	-0.03	-0.8		0.96	0.74	-0.81	-0.14	AZO
ORLY	-0.56	-0.13	-0.71	0.96		0.7	-0.71	-0.25	ORLY
RACE	-0.28	0.1	-0.69	0.74	0.7		-0.57	-0.31	RACE
WFC	0.62	0.02	0.83	-0.81	-0.71	-0.57		0.02	WFC
SEED	0.37	0.49	0.09	-0.14	-0.25	-0.31	0.02		SEED
	SCGCX	FTRNX	AA	AZO	ORLY	RACE	WFC	SEED

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

ORLY	+ 0.96	AZO
WFC	+ 0.83	AA
RACE	+ 0.74	AZO
RACE	+ 0.7	ORLY
FTRNX	+ 0.68	SCGCX
WFC	+ 0.62	SCGCX

High negative correlations

WFC	- 0.81	AZO
AZO	- 0.8	AA
WFC	- 0.71	ORLY
ORLY	- 0.71	AA
RACE	- 0.69	AA
WFC	- 0.57	RACE

Risk-Adjusted Indicators

There is a big difference between Bespoke OTC Stock performing well and Bespoke Extracts 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 Bespoke Extracts' 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
SCGCX	0.45	(0.02)	(0.05)	0.03	0.67	(0.42)	0.87	(1.06)	2.54
FTRNX	1.04	(0.13)	0.00	(0.05)	0.00	0.00	1.90	(2.66)	6.13
AA	2.86	0.69	0.26	0.35	2.51	(3.32)	6.55	(4.82)	18.14
AZO	1.12	(0.30)	0.00	(2.96)	0.00	0.00	1.81	(2.67)	9.96
ORLY	1.01	(0.20)	0.00	(1.49)	0.00	0.00	2.20	(2.35)	6.37
RACE	1.60	(0.41)	0.00	(0.34)	0.00	0.00	2.23	(2.95)	17.81
WFC	1.08	0.10	0.08	0.14	1.25	(1.08)	2.31	(2.09)	9.99
SEED	4.97	0.33	0.08	0.24	4.58	(7.28)	12.04	(8.29)	47.79

Be your own money manager

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