Chain Bridge Correlations

CBRG Stock

USD 11.13 0.02 0.18%

The current 90-days correlation between Chain Bridge I and Quadro Acquisition One is 0.01 (i.e., Significant diversification). The correlation of Chain Bridge 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.

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

Moving against Chain OTC Stock

0.5	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.42	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.38	TLK	Telkom Indonesia Tbk	Pair Corr
0.31	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	QDRO	GMFI	FRLA	MARXU	BNNR	GENQ	DTOC	LGVC	ITAQ	CPAA
QDRO		0.44	0.57	-0.31	0.9	0.29	0.73	0.06	0.59	0.93	QDRO
GMFI	0.44		0.42	-0.1	0.41	0.29	0.2	0.17	0.15	0.37	GMFI
FRLA	0.57	0.42		-0.16	0.5	0.47	0.28	0.07	0.13	0.52	FRLA
MARXU	-0.31	-0.1	-0.16		-0.24	0.04	-0.17	0.03	-0.07	-0.17	MARXU
BNNR	0.9	0.41	0.5	-0.24		0.14	0.75	0.12	0.68	0.93	BNNR
GENQ	0.29	0.29	0.47	0.04	0.14		0.05	0.0	0.02	0.27	GENQ
DTOC	0.73	0.2	0.28	-0.17	0.75	0.05		0.26	0.68	0.79	DTOC
LGVC	0.06	0.17	0.07	0.03	0.12	0.0	0.26		0.12	0.07	LGVC
ITAQ	0.59	0.15	0.13	-0.07	0.68	0.02	0.68	0.12		0.66	ITAQ
CPAA	0.93	0.37	0.52	-0.17	0.93	0.27	0.79	0.07	0.66		CPAA
	QDRO	GMFI	FRLA	MARXU	BNNR	GENQ	DTOC	LGVC	ITAQ	CPAA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CPAA	+ 0.93	QDRO
CPAA	+ 0.93	BNNR
BNNR	+ 0.9	QDRO
CPAA	+ 0.79	DTOC
DTOC	+ 0.75	BNNR
DTOC	+ 0.73	QDRO

High negative correlations

MARXU	- 0.31	QDRO
BNNR	- 0.24	MARXU
CPAA	- 0.17	MARXU
DTOC	- 0.17	MARXU
MARXU	- 0.16	FRLA
MARXU	- 0.1	GMFI

Risk-Adjusted Indicators

There is a big difference between Chain OTC Stock performing well and Chain Bridge 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 Chain Bridge'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
QDRO	0.10	0.04	(0.28)	(0.70)	0.00	(0.24)	0.38	(0.19)	1.55
GMFI	0.63	(0.02)	(0.05)	(0.08)	1.17	(1.73)	1.89	(2.11)	15.36
FRLA	0.17	(0.03)	0.00	1.23	0.00	0.00	0.35	(0.27)	3.68
MARXU	0.25	(0.10)	0.00	(0.80)	0.00	0.00	0.09	(0.27)	6.09
BNNR	0.06	0.01	(0.99)	(0.45)	0.00	(0.13)	0.20	(0.10)	0.39
GENQ	0.23	(0.05)	0.00	3.05	0.00	0.00	0.28	(0.83)	2.46
DTOC	0.14	0.02	(0.19)	0.74	0.00	(0.40)	0.58	(0.20)	1.65
LGVC	0.37	(0.01)	(0.09)	0.04	0.73	(0.68)	0.67	(0.66)	9.80
ITAQ	0.18	0.00	(0.25)	0.00	0.11	(0.46)	0.67	(0.47)	2.30
CPAA	0.07	0.01	(0.88)	(0.31)	0.00	(0.12)	0.20	(0.10)	0.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chain Bridge 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 Positions Ratings Now

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance

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

2024 Macroaxis LLC