Clean Seed Correlations

CLGPF Stock  USD 0.06  0.01  13.42%   
The current 90-days correlation between Clean Seed Capital and Star Navigation Systems is 0.12 (i.e., Average diversification). The correlation of Clean Seed 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.

Clean Seed Correlation With Market

Significant diversification

The correlation between Clean Seed Capital and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clean Seed Capital and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Clean Seed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Seed 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 Clean Seed - 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 Clean Seed Capital to buy it.

Moving against Clean Pink Sheet

  0.51BKRKY Bank Rakyat Earnings Call This WeekPairCorr
  0.31AMZN Amazon IncPairCorr
  0.77PG Procter GamblePairCorr
  0.64KO Coca Cola Aggressive PushPairCorr
  0.53CVX Chevron CorpPairCorr
  0.52XOM Exxon Mobil Corp Aggressive PushPairCorr

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

BCCEFMPHYF
XERIMPHYF
GTMAYMPHYF
XERIBCCEF
GTMAYBCCEF
HYEGDNDDF
  

High negative correlations

GTMAYOATN
ENPRFMPHYF
GTMAYENPRF
HYEGSNAVF
BCCEFENPRF
DFCOMPHYF

Risk-Adjusted Indicators

There is a big difference between Clean Pink Sheet performing well and Clean Seed 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 Clean Seed'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MPHYF  26.86  14.42  0.00 (0.93) 0.00 
 0.00 
 900.00 
DNDDF  0.34 (0.01) 0.00  0.04  0.00 
 0.00 
 11.11 
SNAVF  5.34  1.21  0.06 (0.86) 5.79 
 20.69 
 69.89 
ENPRF  2.20 (0.86) 0.00 (0.37) 0.00 
 0.00 
 85.00 
HYEG  84.45  44.06  1.56 (1.66) 19.74 
 52.36 
 2,775 
BCCEF  6.48  0.30  0.02 (0.21) 7.90 
 17.79 
 45.45 
XERI  8.91  0.98  0.07 (0.56) 8.22 
 28.57 
 73.08 
OATN  3.94 (0.02) 0.00  0.05  0.00 
 0.00 
 154.33 
DFCO  20.25  4.86  0.20 (1.45) 16.34 
 66.67 
 216.24 
GTMAY  117.18  55.13  0.00  0.63  0.00 
 29.00 
 3,911 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Clean Seed 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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