Bayside Corp Correlations

BYSD Stock

USD 1.08 0.08 8.00%

The current 90-days correlation between Bayside Corp and MGT Capital Investments is 0.01 (i.e., Significant diversification). The correlation of Bayside Corp 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.

Bayside Corp Correlation With Market

Good diversification

The correlation between Bayside Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayside Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bayside Pink Sheet

0.74	MS	Morgan Stanley	Pair Corr
0.67	GS	Goldman Sachs Group	Pair Corr
0.62	AVAL	Grupo Aval	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.76	BCH	Banco De Chile	Pair Corr
0.76	CAH	Cardinal Health	Pair Corr
0.69	SCCO	Southern Copper	Pair Corr
0.76	ZCUSX	Corn Futures	Pair Corr
0.92	KEX	Kirby	Pair Corr
0.78	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.83	LMND	Lemonade	Pair Corr
0.66	BSXGF	Belo Sun Mining	Pair Corr
0.8	BSRR	Sierra Bancorp	Pair Corr
0.63	CRTTF	Cortus Metals	Pair Corr
0.75	AVRW	Avenir Wellness Solutions	Pair Corr
0.68	HUBG	Hub Group	Pair Corr
0.65	FCAP	First Capital	Pair Corr

Moving against Bayside Pink Sheet

0.77	CGXYY	China Galaxy Securities	Pair Corr
0.76	MS-PA	Morgan Stanley	Pair Corr
0.74	GS-PA	Goldman Sachs	Pair Corr
0.7	GS-PD	Goldman Sachs	Pair Corr
0.61	FNMFO	Federal National Mortgage	Pair Corr
0.39	IBKR	Interactive Brokers Normal Trading	Pair Corr
0.62	KTRIF	KTRIF	Pair Corr

Related Correlations Analysis

	KGRI	MGTI	LVGI	ARWD	PVRS	BEGI	CCTL	CFGX	OHBK	GMZP
KGRI		0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	KGRI
MGTI	0.0		0.26	0.0	-0.24	-0.21	0.0	0.15	0.0	0.48	MGTI
LVGI	0.0	0.26		0.0	-0.07	-0.3	0.0	0.06	0.0	0.38	LVGI
ARWD	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ARWD
PVRS	0.0	-0.24	-0.07	0.0		-0.17	0.0	-0.08	0.0	-0.6	PVRS
BEGI	0.0	-0.21	-0.3	0.0	-0.17		0.0	0.17	0.0	-0.14	BEGI
CCTL	1.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CCTL
CFGX	0.0	0.15	0.06	0.0	-0.08	0.17	0.0		0.0	0.15	CFGX
OHBK	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OHBK
GMZP	0.0	0.48	0.38	0.0	-0.6	-0.14	0.0	0.15	0.0		GMZP
	KGRI	MGTI	LVGI	ARWD	PVRS	BEGI	CCTL	CFGX	OHBK	GMZP

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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

CCTL	+ 1.0	KGRI
GMZP	+ 0.48	MGTI
GMZP	+ 0.38	LVGI
LVGI	+ 0.26	MGTI
CFGX	+ 0.17	BEGI
CFGX	+ 0.15	MGTI

High negative correlations

GMZP	- 0.6	PVRS
BEGI	- 0.3	LVGI
PVRS	- 0.24	MGTI
BEGI	- 0.21	MGTI
BEGI	- 0.17	PVRS
GMZP	- 0.14	BEGI

Risk-Adjusted Indicators

There is a big difference between Bayside Pink Sheet performing well and Bayside Corp 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 Bayside Corp'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
KGRI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGTI	45.30	17.75	0.38	2.04	22.54	(120.32)	100.00	(50.00)	405.80
LVGI	2.33	0.49	0.00	0.64	0.00	0.00	0.00	0.00	45.00
ARWD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PVRS	2.69	(0.21)	0.00	0.29	0.00	0.00	3.80	(3.66)	79.46
BEGI	47.86	16.52	0.32	1.09	25.18	(168.33)	233.33	(71.43)	480.00
CCTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CFGX	200.00	106.17	0.93	(1.14)	34.22	(1,000.00)	1,000.00	(100.00)	1,100
OHBK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GMZP	27.85	8.12	0.20	9.31	21.07	(62.25)	100.00	(50.00)	150.00

Be your own money manager

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