Target Correlations

CBDY Stock

USD 0 0.0001 7.14%

The current 90-days correlation between Target Group and CannaPharmaRx is 0.5 (i.e., Very weak diversification). The correlation of Target 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Target Correlation With Market

Very good diversification

The correlation between Target Group and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Target Pink Sheet

0.57	TEVA	Teva Pharmaceutical	Pair Corr
0.51	TAK	Takeda Pharmaceutical	Pair Corr
0.47	SWZNF	Schweizerische Nationalbank	Pair Corr
0.46	TKPHF	Takeda Pharmaceutical Upward Rally	Pair Corr
0.44	TEVA	Teva Pharma Industries	Pair Corr
0.41	HYMTF	Hyundai Motor	Pair Corr
0.4	MKGAF	MERCK Kommanditgesells	Pair Corr
0.39	MKKGY	Merck KGaA ADR	Pair Corr
0.39	HLN	Haleon plc Aggressive Push	Pair Corr
0.38	BRK-B	Berkshire Hathaway	Pair Corr
0.36	HLNCF	Haleon plc	Pair Corr
0.33	TORO	Toro	Pair Corr
0.52	FRSB	First Resource Bank	Pair Corr
0.5	BNEFF	Bonterra Energy Corp	Pair Corr
0.5	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.45	CGECF	Cogeco Inc	Pair Corr
0.45	TOGOF	TomaGold	Pair Corr
0.43	TATT	Tat Techno	Pair Corr
0.38	MTGRF	Mount Gibson Iron Earnings Call This Week	Pair Corr
0.36	DUK-PA	Duke Energy	Pair Corr
0.34	BBDO	Banco Bradesco SA	Pair Corr
0.32	MXCHY	Orbia Advance Corp	Pair Corr
0.31	LAND	Gladstone Land	Pair Corr
0.31	NTZ	Natuzzi SpA	Pair Corr
0.59	EXAS	EXACT Sciences	Pair Corr
0.48	SLSR	Solaris Resources	Pair Corr
0.44	CAMZF	Camino Minerals	Pair Corr
0.41	AES	AES Aggressive Push	Pair Corr
0.41	PNRG	PrimeEnergy	Pair Corr
0.39	INTC	Intel	Pair Corr
0.36	GS	Goldman Sachs Group	Pair Corr
0.36	CYD	China Yuchai Interna	Pair Corr

Related Correlations Analysis

	CPMD	EXMT	ALID	LVVEF	SRUTF	BMMJ	MJNA	MSTH	BINP	PHBI
CPMD		-0.31	-0.38	0.0	0.0	0.61	0.14	-0.17	-0.05	0.47	CPMD
EXMT	-0.31		0.04	0.0	0.0	-0.11	0.08	0.23	0.0	-0.28	EXMT
ALID	-0.38	0.04		0.0	0.0	-0.12	-0.37	0.58	0.03	-0.62	ALID
LVVEF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LVVEF
SRUTF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SRUTF
BMMJ	0.61	-0.11	-0.12	0.0	0.0		0.12	0.31	-0.05	0.34	BMMJ
MJNA	0.14	0.08	-0.37	0.0	0.0	0.12		-0.14	-0.01	0.28	MJNA
MSTH	-0.17	0.23	0.58	0.0	0.0	0.31	-0.14		0.12	-0.47	MSTH
BINP	-0.05	0.0	0.03	0.0	0.0	-0.05	-0.01	0.12		-0.21	BINP
PHBI	0.47	-0.28	-0.62	0.0	0.0	0.34	0.28	-0.47	-0.21		PHBI
	CPMD	EXMT	ALID	LVVEF	SRUTF	BMMJ	MJNA	MSTH	BINP	PHBI

Please upgrade your account to get full access to Macroaxis premium features

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

BMMJ	+ 0.61	CPMD
MSTH	+ 0.58	ALID
PHBI	+ 0.47	CPMD
PHBI	+ 0.34	BMMJ
MSTH	+ 0.31	BMMJ
PHBI	+ 0.28	MJNA

High negative correlations

PHBI	- 0.62	ALID
PHBI	- 0.47	MSTH
ALID	- 0.38	CPMD
MJNA	- 0.37	ALID
EXMT	- 0.31	CPMD
PHBI	- 0.28	EXMT

Risk-Adjusted Indicators

There is a big difference between Target Pink Sheet performing well and Target 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 Target'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
CPMD	9.53	1.16	0.06	2.61	11.04	(22.16)	28.57	(22.22)	105.68
EXMT	12.05	1.84	0.07	2.67	11.86	(41.67)	33.33	(25.00)	133.33
ALID	2.85	(1.53)	0.00	(1.12)	0.00	0.00	0.00	0.00	95.50
LVVEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRUTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMMJ	16.72	1.42	0.06	(0.54)	19.48	(17.97)	48.57	(32.31)	121.50
MJNA	26.22	7.33	0.15	(1.60)	20.68	(79.17)	100.00	(50.00)	266.67
MSTH	1.06	(0.53)	0.00	1.77	0.00	0.00	0.00	0.00	35.67
BINP	12.29	2.68	0.09	0.78	13.91	(28.04)	34.69	(36.36)	176.17
PHBI	7.64	0.31	0.04	0.17	7.61	(11.45)	18.52	(14.29)	64.69

Be your own money manager

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

Did you try this?

Run Fundamental Analysis Now

Fundamental Analysis

View fundamental data based on most recent published financial statements

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC