Hash Labs Correlations

CGLO Stock

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The current 90-days correlation between Hash Labs and Fact Inc is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hash Labs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hash Labs moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hash Labs Correlation With Market

Poor diversification

The correlation between Hash Labs and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hash Labs and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hash Pink Sheet

0.85	KB	KB Financial Group	Pair Corr
0.86	SHG	Shinhan Financial	Pair Corr
0.79	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.82	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.82	WF	Woori Financial Group	Pair Corr
0.8	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.76	BCO	Brinks Company	Pair Corr
0.64	NTRSO	Northern Trust	Pair Corr
0.89	IFS	Intercorp Financial	Pair Corr
0.91	JNJ	Johnson Johnson	Pair Corr
0.77	MEEEF	Metal Energy Corp	Pair Corr
0.91	TG	Tredegar	Pair Corr
0.71	CRNZF	Cairn Energy PLC	Pair Corr
0.82	INGR	Ingredion Incorporated	Pair Corr
0.73	MFGCF	Mayfair Gold Corp	Pair Corr
0.73	GRBK	Green Brick Partners Downward Rally	Pair Corr
0.93	ALFVF	Alfa Laval AB	Pair Corr
0.76	VKQ	Invesco Municipal Trust	Pair Corr
0.73	WEJTY	Webjet Limited	Pair Corr
0.85	GEL	Genesis Energy LP	Pair Corr
0.72	CAPL	Crossamerica Partners	Pair Corr
0.9	TRP	TC Energy Corp	Pair Corr
0.78	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.85	XYIGY	Xinyi Glass Holdings	Pair Corr
0.79	CMI	Cummins	Pair Corr
0.79	SOJE	Southern Company	Pair Corr
0.71	FMFP	First Community Financial	Pair Corr

Moving against Hash Pink Sheet

0.7	VFSWW	VinFast Auto	Pair Corr
0.5	EYPT	Eyepoint Pharmaceuticals Earnings Call This Week	Pair Corr
0.46	VFS	VinFast Auto	Pair Corr

Related Correlations Analysis

	FRLI	NXTP	NTPY	ANVV	AGILQ	LIQDQ	EDTA	FCTI	KBNT
FRLI		0.0	0.0	1.0	0.0	1.0	0.0	0.0	0.0	FRLI
NXTP	0.0		0.13	0.0	-0.16	0.0	0.0	-0.02	-0.11	NXTP
NTPY	0.0	0.13		0.0	0.25	0.0	0.0	0.49	-0.74	NTPY
ANVV	1.0	0.0	0.0		0.0	1.0	0.0	0.0	0.0	ANVV
AGILQ	0.0	-0.16	0.25	0.0		0.0	0.0	0.53	-0.22	AGILQ
LIQDQ	1.0	0.0	0.0	1.0	0.0		0.0	0.0	0.0	LIQDQ
EDTA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EDTA
FCTI	0.0	-0.02	0.49	0.0	0.53	0.0	0.0		-0.43	FCTI
KBNT	0.0	-0.11	-0.74	0.0	-0.22	0.0	0.0	-0.43		KBNT
	FRLI	NXTP	NTPY	ANVV	AGILQ	LIQDQ	EDTA	FCTI	KBNT

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

ANVV	+ 1.0	FRLI
LIQDQ	+ 1.0	FRLI
LIQDQ	+ 1.0	ANVV
FCTI	+ 0.53	AGILQ
FCTI	+ 0.49	NTPY
AGILQ	+ 0.25	NTPY

High negative correlations

KBNT	- 0.74	NTPY
KBNT	- 0.43	FCTI
KBNT	- 0.22	AGILQ
AGILQ	- 0.16	NXTP
KBNT	- 0.11	NXTP
FCTI	- 0.02	NXTP

Risk-Adjusted Indicators

There is a big difference between Hash Pink Sheet performing well and Hash Labs 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 Hash Labs' 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	Treynor Ratio	Maximum Drawdown
FRLI	0.00	0.00	0.00	0.00
NXTP	2.98	1.87	(0.33)	100.00
NTPY	2.47	0.96	(0.84)	75.00
ANVV	0.00	0.00	0.00	0.00
AGILQ	3.01	0.58	0.36	150.00
LIQDQ	0.00	0.00	0.00	0.00
EDTA	0.00	0.00	0.00	0.00
FCTI	8.98	3.64	2.23	350.00
KBNT	1.99	(1.00)	4.57	66.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hash Labs 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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Hash Labs Corporate Management

Anna Milaeva	Chief Officer	Profile
Nancy Trick	Chief Officer	Profile
David Dorr	President, CoFounder	Profile
Pete Sedgwick	Chief Officer	Profile
Lorenzo Delzoppo	Chief Officer	Profile
Brian Dorr	COO CoFounder	Profile
Lyle Hauser	CoFounder	Profile

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