Carnegie Development Correlations
| CDJM Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Carnegie Development and Trinity Place Holdings is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carnegie Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnegie Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Carnegie Development Correlation With Market
Good diversification
The correlation between Carnegie Development and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carnegie Development and DJI in the same portfolio, assuming nothing else is changed.
Carnegie |
The ability to find closely correlated positions to Carnegie Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnegie Development 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 Carnegie Development - 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 Carnegie Development to buy it.
Moving against Carnegie Pink Sheet
| 0.83 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | MITSY | Mitsui Company | PairCorr |
| 0.74 | KB | KB Financial Group | PairCorr |
| 0.72 | CTPCY | Citic Ltd ADR | PairCorr |
| 0.69 | MITSF | Mitsui Co | PairCorr |
| 0.65 | ITOCY | Itochu Corp ADR | PairCorr |
| 0.65 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | MMM | 3M Company | PairCorr |
| 0.51 | ITOCF | ITOCHU | PairCorr |
| 0.41 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.39 | PBCRY | Bank Central Asia | PairCorr |
| 0.38 | HTHIY | Hitachi Ltd ADR | PairCorr |
| 0.38 | PBCRF | PT Bank Central | PairCorr |
| 0.37 | HTHIF | Hitachi | PairCorr |
| 0.96 | RLMD | Relmada Therapeutics | PairCorr |
| 0.86 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.86 | SHIP | Seanergy Maritime | PairCorr |
| 0.78 | KODK | Eastman Kodak | PairCorr |
| 0.67 | SHG | Shinhan Financial | PairCorr |
| 0.67 | EGP | EastGroup Properties | PairCorr |
| 0.59 | NOEM | CO2 Energy Transition | PairCorr |
| 0.51 | TORO | Toro | PairCorr |
| 0.45 | GSVRF | Guanajuato Silver | PairCorr |
| 0.43 | WF | Woori Financial Group | PairCorr |
| 0.39 | CLRI | Cleartronic | PairCorr |
| 0.39 | ULTA | Ulta Beauty | PairCorr |
| 0.9 | CSCO | Cisco Systems | PairCorr |
| 0.9 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.81 | CM | Canadian Imperial Bank | PairCorr |
| 0.77 | HL | Hecla Mining Aggressive Push | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Carnegie Pink Sheet performing well and Carnegie Development 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 Carnegie Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TPHS | 4.26 | (0.02) | 0.00 | 0.12 | 0.00 | 10.00 | 34.95 | |||
| MDCN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IDVV | 11.01 | 1.60 | 0.11 | 0.42 | 9.31 | 20.00 | 89.29 | |||
| CRDV | 28.11 | 5.32 | 0.17 | 0.37 | 23.53 | 140.00 | 268.84 | |||
| UCASU | 3.21 | (0.28) | 0.00 | 0.97 | 0.00 | 0.00 | 126.41 | |||
| RRRUF | 3.15 | (1.78) | 0.00 | (0.88) | 0.00 | 0.00 | 98.69 | |||
| RGSG | 10.65 | 3.88 | 0.00 | 0.45 | 0.00 | 0.00 | 225.18 | |||
| COWPP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRST | 12.45 | 0.57 | 0.01 | (0.11) | 17.28 | 58.33 | 138.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Carnegie Development 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?
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