Charlies Holdings Correlations
| CHUCDelisted Stock | USD 0.09 0 2.41% |
The current 90-days correlation between Charlies Holdings and Humble Fume is 0.15 (i.e., Average diversification). The correlation of Charlies Holdings 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.
Charlies Holdings Correlation With Market
Good diversification
The correlation between Charlies Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charlies Holdings and DJI in the same portfolio, assuming nothing else is changed.
Charlies |
The ability to find closely correlated positions to Charlies Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charlies Holdings 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 Charlies Holdings - 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 Charlies Holdings to buy it.
Moving against Charlies OTC Stock
| 0.43 | EL | Estee Lauder Companies | PairCorr |
| 0.32 | UG | United Guardian | PairCorr |
| 0.55 | WTER | Alkaline Water | PairCorr |
| 0.43 | VITL | Vital Farms | PairCorr |
| 0.43 | AQB | AquaBounty Technologies | PairCorr |
| 0.41 | BRLSW | Borealis Foods Symbol Change | PairCorr |
| 0.38 | VINE | Fresh Grapes LLC | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Charlies OTC Stock performing well and Charlies Holdings 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 Charlies Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PYYX | 4.04 | 0.00 | 0.01 | 0.10 | 5.39 | 14.79 | 32.65 | |||
| PHJMF | 3.44 | 0.85 | 0.00 | (1.05) | 0.00 | 25.00 | 58.33 | |||
| GNLN | 6.92 | (1.58) | 0.00 | (0.43) | 0.00 | 7.78 | 109.31 | |||
| HPCO | 17.23 | 4.99 | 0.22 | 1.52 | 15.72 | 10.00 | 108.83 | |||
| HUMBF | 6.97 | 0.90 | 0.04 | 0.27 | 8.38 | 0.00 | 200.00 | |||
| JAPAY | 0.86 | (0.07) | 0.00 | 0.69 | 0.00 | 2.31 | 5.68 | |||
| TOBAF | 13.35 | 1.60 | 0.07 | (0.90) | 13.23 | 35.71 | 130.90 | |||
| TPB | 1.54 | 0.63 | 0.47 | 1.07 | 0.59 | 4.76 | 10.20 | |||
| KAVL | 6.78 | 1.06 | 0.16 | (6.14) | 5.24 | 11.00 | 146.09 | |||
| XXII | 6.75 | (2.27) | 0.00 | (2.33) | 0.00 | 11.54 | 44.68 |
Charlies Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Charlies Holdings otc stock to make a market-neutral strategy. Peer analysis of Charlies Holdings could also be used in its relative valuation, which is a method of valuing Charlies Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Charlies Holdings?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.