Core Assets Correlations

CCOOF Stock

USD 0.61 0.03 4.69%

The current 90-days correlation between Core Assets Corp and Nobel Resources Corp is 0.09 (i.e., Significant 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

Very weak diversification

The correlation between Core Assets Corp and DJI is 0.56 (i.e., Very weak 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	BHPLF	BHP Group Limited	Pair Corr
0.71	RIO	Rio Tinto ADR Earnings Call Tomorrow	Pair Corr
0.73	BHP	BHP Group Limited	Pair Corr
0.62	RTNTF	Rio Tinto Group Earnings Call Tomorrow	Pair Corr
0.7	RTPPF	Rio Tinto Group Earnings Call Tomorrow	Pair Corr
0.82	GLCNF	Glencore PLC Earnings Call Today	Pair Corr
0.82	GLNCY	Glencore PLC ADR Earnings Call Today	Pair Corr
0.78	VALE	Vale SA ADR	Pair Corr
0.75	SLSR	Solaris Resources	Pair Corr
0.72	MXCHY	Orbia Advance Corp	Pair Corr
0.84	MTGRF	Mount Gibson Iron	Pair Corr
0.72	FRSB	First Resource Bank	Pair Corr
0.8	INTC	Intel	Pair Corr
0.86	NTZ	Natuzzi SpA	Pair Corr
0.79	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.72	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.84	NNBR	NN Inc	Pair Corr
0.82	BLAGF	Blue Lagoon Resources	Pair Corr

Moving against Core OTC Stock

0.69	PBCRY	Bank Central Asia	Pair Corr
0.37	PBCRF	PT Bank Central	Pair Corr
0.47	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	KOGMF	GCRIF	JXMNF	NSHRF	MEEEF	NBTRF
KOGMF		0.39	0.0	-0.52	-0.83	-0.45	KOGMF
GCRIF	0.39		0.0	-0.05	-0.4	-0.19	GCRIF
JXMNF	0.0	0.0		0.0	0.0	0.0	JXMNF
NSHRF	-0.52	-0.05	0.0		0.36	0.23	NSHRF
MEEEF	-0.83	-0.4	0.0	0.36		0.44	MEEEF
NBTRF	-0.45	-0.19	0.0	0.23	0.44		NBTRF
	KOGMF	GCRIF	JXMNF	NSHRF	MEEEF	NBTRF

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

NBTRF	+ 0.44	MEEEF
GCRIF	+ 0.39	KOGMF
MEEEF	+ 0.36	NSHRF
NBTRF	+ 0.23	NSHRF
JXMNF	+ 0.0	KOGMF
JXMNF	+ 0.0	GCRIF

High negative correlations

MEEEF	- 0.83	KOGMF
NSHRF	- 0.52	KOGMF
NBTRF	- 0.45	KOGMF
MEEEF	- 0.4	GCRIF
NBTRF	- 0.19	GCRIF
NSHRF	- 0.05	GCRIF

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
KOGMF	0.16	(0.09)	0.00	(5.03)	0.00	0.00	0.00	0.00	5.48
GCRIF	2.98	(1.68)	0.00	(0.51)	0.00	0.00	0.00	0.00	84.34
JXMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NSHRF	12.59	3.39	0.09	(0.68)	13.12	(37.63)	56.25	(33.44)	220.00
MEEEF	4.38	1.26	0.16	2.62	4.42	(7.58)	13.89	(10.00)	36.35
NBTRF	25.14	11.62	0.00	(4.01)	0.00	0.00	54.08	0.00	638.15

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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