Carl Data Correlations

CDTAF Stock

USD 0.03 0.0007 2.61%

The current 90-days correlation between Carl Data Solutions and Zonetail is -0.04 (i.e., Good diversification). The correlation of Carl Data 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.

Carl Data Correlation With Market

Very good diversification

The correlation between Carl Data Solutions and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carl Data Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Carl OTC Stock

0.74	SAP	SAP SE ADR	Pair Corr
0.69	UBER	Uber Technologies Earnings Call This Week	Pair Corr
0.72	SAPGF	SAP SE	Pair Corr
0.68	NOW	ServiceNow	Pair Corr
0.7	SNOW	Snowflake	Pair Corr
0.67	VFSWW	VinFast Auto	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.76	MSFT	Microsoft	Pair Corr

Moving against Carl OTC Stock

0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.58	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.47	WF	Woori Financial Group	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.35	SHG	Shinhan Financial	Pair Corr
0.32	VFS	VinFast Auto	Pair Corr
0.76	MRK	Merck Company Earnings Call This Week	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.65	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.62	WMT	Walmart Common Stock	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.52	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.48	KO	Coca Cola Aggressive Push	Pair Corr
0.46	VZ	Verizon Communications Earnings Call Today	Pair Corr
0.4	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	ZTLLF	PTOP	SWISF	HMBL	CRYBF	EVOL	VSMR	ONEI	FERN	LVWD
ZTLLF		0.69	-0.77	-0.13	0.02	-0.45	0.15	-0.38	-0.68	-0.09	ZTLLF
PTOP	0.69		-0.48	-0.11	-0.12	-0.27	0.28	-0.5	-0.43	-0.2	PTOP
SWISF	-0.77	-0.48		-0.04	0.26	0.43	-0.18	0.3	0.46	0.35	SWISF
HMBL	-0.13	-0.11	-0.04		-0.39	-0.12	0.14	-0.05	-0.05	-0.26	HMBL
CRYBF	0.02	-0.12	0.26	-0.39		-0.17	0.0	0.0	-0.2	0.7	CRYBF
EVOL	-0.45	-0.27	0.43	-0.12	-0.17		0.0	0.44	0.58	-0.27	EVOL
VSMR	0.15	0.28	-0.18	0.14	0.0	0.0		-0.21	-0.14	0.03	VSMR
ONEI	-0.38	-0.5	0.3	-0.05	0.0	0.44	-0.21		0.27	-0.08	ONEI
FERN	-0.68	-0.43	0.46	-0.05	-0.2	0.58	-0.14	0.27		-0.37	FERN
LVWD	-0.09	-0.2	0.35	-0.26	0.7	-0.27	0.03	-0.08	-0.37		LVWD
	ZTLLF	PTOP	SWISF	HMBL	CRYBF	EVOL	VSMR	ONEI	FERN	LVWD

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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

LVWD	+ 0.7	CRYBF
PTOP	+ 0.69	ZTLLF
FERN	+ 0.58	EVOL
FERN	+ 0.46	SWISF
ONEI	+ 0.44	EVOL
EVOL	+ 0.43	SWISF

High negative correlations

SWISF	- 0.77	ZTLLF
FERN	- 0.68	ZTLLF
ONEI	- 0.5	PTOP
SWISF	- 0.48	PTOP
EVOL	- 0.45	ZTLLF
FERN	- 0.43	PTOP

Risk-Adjusted Indicators

There is a big difference between Carl OTC Stock performing well and Carl Data 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 Carl Data'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
ZTLLF	0.79	(0.35)	0.00	0.32	0.00	0.00	0.00	0.00	17.95
PTOP	7.68	0.15	0.00	0.01	0.00	0.00	23.80	(20.06)	75.58
SWISF	9.34	1.38	0.11	(8.24)	9.74	(10.63)	22.41	(18.48)	56.65
HMBL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRYBF	9.56	1.22	0.12	0.77	8.93	(11.68)	21.48	(14.25)	51.03
EVOL	1.02	0.09	0.00	0.49	0.00	0.00	2.38	0.00	42.04
VSMR	5.60	0.90	0.00	(0.12)	0.00	0.00	9.26	(15.25)	124.81
ONEI	7.48	0.82	0.06	(0.49)	7.87	(11.13)	15.79	(13.04)	66.67
FERN	6.86	0.57	0.06	2.74	6.91	(10.55)	14.29	(13.64)	38.91
LVWD	5.32	1.03	0.09	(11.52)	5.16	(12.63)	11.11	(10.00)	43.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carl Data 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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Carl Data Corporate Management

Elected by the shareholders, the Carl Data's board of directors comprises two types of representatives: Carl Data inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carl. The board's role is to monitor Carl Data's management team and ensure that shareholders' interests are well served. Carl Data's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Carl Data's outside directors are responsible for providing unbiased perspectives on the board's policies.

Piotr Stepinski	Chief Officer	Profile
Trent Kamins	Account Mang	Profile
JeanCharles Phaneuf	CEO Director	Profile
David Johnston	President	Profile
Nathan Rudyk	Director Communications	Profile
Kevin Marsh	Pres FlowWorks	Profile

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