Core Assets Correlations

CCOOF Stock

USD 0.44 0.02 4.76%

The current 90-days correlation between Core Assets Corp and Harfang Exploration is 0.2 (i.e., Modest diversification). The correlation of Core Assets 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.

Core Assets Correlation With Market

Good diversification

The correlation between Core Assets Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Assets Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Core OTC Stock

0.68	JD	JD Inc Adr Aggressive Push	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.73	HD	Home Depot	Pair Corr

Moving against Core OTC Stock

0.84	FTV	Fortive Corp	Pair Corr
0.78	VLKAF	Volkswagen AG	Pair Corr
0.76	VWAGY	Volkswagen AG 110	Pair Corr
0.75	VALE	Vale SA ADR	Pair Corr
0.74	VLKPF	Volkswagen AG VZO	Pair Corr
0.72	RTNTF	Rio Tinto Group	Pair Corr
0.72	SAR	Saratoga Investment Corp Earnings Call This Week	Pair Corr
0.69	ACN	Accenture plc	Pair Corr
0.68	RIO	Rio Tinto ADR	Pair Corr
0.63	RTPPF	Rio Tinto Group	Pair Corr
0.62	GLCNF	Glencore PLC	Pair Corr
0.62	GLNCY	Glencore PLC ADR	Pair Corr
0.61	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.45	BHPLF	BHP Group Limited	Pair Corr
0.45	BHP	BHP Group Limited	Pair Corr
0.88	MRK	Merck Company	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.55	MCD	McDonalds	Pair Corr
0.51	AXP	American Express	Pair Corr
0.48	KO	Coca Cola	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.39	IBM	International Business	Pair Corr

Related Correlations Analysis

	HRFEF	ORESF	CSRNF	ATOXF	ARXRF	YORKF	PEMSF	IMIMF	GARWF	BRKCF
HRFEF		-0.26	0.06	-0.05	0.03	-0.09	-0.17	0.23	-0.2	-0.37	HRFEF
ORESF	-0.26		0.21	-0.19	-0.14	0.18	0.56	-0.55	0.15	0.2	ORESF
CSRNF	0.06	0.21		0.1	-0.09	0.12	0.44	-0.35	0.24	0.08	CSRNF
ATOXF	-0.05	-0.19	0.1		0.38	0.24	-0.21	-0.19	0.48	0.22	ATOXF
ARXRF	0.03	-0.14	-0.09	0.38		0.26	-0.21	-0.11	0.43	0.29	ARXRF
YORKF	-0.09	0.18	0.12	0.24	0.26		0.21	-0.22	0.25	0.46	YORKF
PEMSF	-0.17	0.56	0.44	-0.21	-0.21	0.21		-0.61	0.0	0.23	PEMSF
IMIMF	0.23	-0.55	-0.35	-0.19	-0.11	-0.22	-0.61		-0.27	-0.18	IMIMF
GARWF	-0.2	0.15	0.24	0.48	0.43	0.25	0.0	-0.27		0.43	GARWF
BRKCF	-0.37	0.2	0.08	0.22	0.29	0.46	0.23	-0.18	0.43		BRKCF
	HRFEF	ORESF	CSRNF	ATOXF	ARXRF	YORKF	PEMSF	IMIMF	GARWF	BRKCF

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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

PEMSF	+ 0.56	ORESF
GARWF	+ 0.48	ATOXF
BRKCF	+ 0.46	YORKF
PEMSF	+ 0.44	CSRNF
GARWF	+ 0.43	ARXRF
BRKCF	+ 0.43	GARWF

High negative correlations

IMIMF	- 0.61	PEMSF
IMIMF	- 0.55	ORESF
BRKCF	- 0.37	HRFEF
IMIMF	- 0.35	CSRNF
GARWF	- 0.27	IMIMF
ORESF	- 0.26	HRFEF

Risk-Adjusted Indicators

There is a big difference between Core OTC Stock performing well and Core Assets 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 Core Assets' 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
HRFEF	23.93	7.74	0.21	1.02	16.75	(55.64)	26.60	(40.00)	341.28
ORESF	6.88	0.94	0.06	0.28	8.78	(13.78)	23.64	(15.62)	70.83
CSRNF	4.77	0.71	0.07	(1.12)	5.80	(6.73)	10.22	(13.52)	31.26
ATOXF	5.71	(0.18)	0.00	(0.09)	0.00	0.00	12.99	(12.55)	38.61
ARXRF	8.76	0.95	0.08	1.40	10.10	(11.30)	21.83	(18.44)	122.83
YORKF	16.75	3.28	0.14	1.63	15.63	(26.22)	51.68	(26.67)	150.11
PEMSF	8.95	3.27	0.36	3.79	6.63	(12.88)	18.33	(12.63)	118.60
IMIMF	4.74	0.47	0.05	2.41	4.95	(9.69)	11.56	(9.09)	36.52
GARWF	5.11	0.28	0.03	0.13	6.88	(11.04)	25.00	(20.00)	45.00
BRKCF	3.23	0.15	0.02	2.70	3.68	(4.42)	7.76	(7.00)	21.85

Be your own money manager

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