Clip Money Correlations

CLPMF Stock

USD 0.17 0.01 5.56%

The current 90-days correlation between Clip Money and SideChannel is 0.01 (i.e., Significant diversification). The correlation of Clip Money 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.

Clip Money Correlation With Market

Poor diversification

The correlation between Clip Money and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clip Money and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Clip Pink Sheet

0.72	SNPS	Synopsys	Pair Corr
0.7	FCTI	Fact Inc	Pair Corr
0.92	BIMT	Bitmis Corp	Pair Corr
0.74	BNKHF	BOC Hong Kong	Pair Corr
0.79	SECVY	Seche Environnement	Pair Corr
0.73	ENS	Enersys Earnings Call This Week	Pair Corr
0.7	RILYL	B Riley Financial	Pair Corr
0.67	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.72	FIBK	First Interstate Ban Normal Trading	Pair Corr

Moving against Clip Pink Sheet

0.79	BROGF	BROGF	Pair Corr
0.72	CRWD	Crowdstrike Holdings	Pair Corr
0.68	PNGM	Er Therapeutics	Pair Corr
0.55	ORCL	Oracle	Pair Corr
0.52	HOOD	Robinhood Markets	Pair Corr
0.48	MSFT	Microsoft	Pair Corr
0.4	ADBE	Adobe Systems Sell-off Trend	Pair Corr
0.4	STI	Solidion Technology	Pair Corr

Related Correlations Analysis

	SDCH	PLCKF	GBUX	YNVYF	MFON	MAPPF	NSCIF	ROWKF	WBSR	VMNT
SDCH		0.1	0.44	-0.04	0.71	-0.18	0.29	-0.12	-0.4	0.58	SDCH
PLCKF	0.1		-0.11	-0.08	0.08	0.45	-0.07	-0.23	0.03	0.12	PLCKF
GBUX	0.44	-0.11		0.25	0.73	-0.66	0.44	0.54	-0.7	0.65	GBUX
YNVYF	-0.04	-0.08	0.25		-0.1	-0.2	0.03	0.31	-0.03	0.03	YNVYF
MFON	0.71	0.08	0.73	-0.1		-0.38	0.44	0.03	-0.7	0.74	MFON
MAPPF	-0.18	0.45	-0.66	-0.2	-0.38		-0.3	-0.65	0.5	-0.34	MAPPF
NSCIF	0.29	-0.07	0.44	0.03	0.44	-0.3		0.32	-0.12	0.21	NSCIF
ROWKF	-0.12	-0.23	0.54	0.31	0.03	-0.65	0.32		-0.29	0.2	ROWKF
WBSR	-0.4	0.03	-0.7	-0.03	-0.7	0.5	-0.12	-0.29		-0.76	WBSR
VMNT	0.58	0.12	0.65	0.03	0.74	-0.34	0.21	0.2	-0.76		VMNT
	SDCH	PLCKF	GBUX	YNVYF	MFON	MAPPF	NSCIF	ROWKF	WBSR	VMNT

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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

VMNT	+ 0.74	MFON
MFON	+ 0.73	GBUX
MFON	+ 0.71	SDCH
VMNT	+ 0.65	GBUX
VMNT	+ 0.58	SDCH
ROWKF	+ 0.54	GBUX

High negative correlations

VMNT	- 0.76	WBSR
WBSR	- 0.7	MFON
WBSR	- 0.7	GBUX
MAPPF	- 0.66	GBUX
ROWKF	- 0.65	MAPPF
WBSR	- 0.4	SDCH

Risk-Adjusted Indicators

There is a big difference between Clip Pink Sheet performing well and Clip Money 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 Clip Money'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
SDCH	3.65	(0.42)	0.00	(1.12)	0.00	0.00	7.05	(8.73)	21.50
PLCKF	2.32	(0.32)	0.00	(0.17)	0.00	0.00	7.14	(6.67)	20.48
GBUX	9.75	(0.29)	0.00	1.29	0.00	0.00	27.27	(21.79)	100.62
YNVYF	1.63	(0.07)	0.00	(0.17)	0.00	0.00	6.41	(6.20)	27.32
MFON	5.17	(1.06)	0.00	(5.10)	0.00	0.00	14.29	(21.05)	48.48
MAPPF	5.05	0.27	0.03	0.83	5.53	(8.24)	13.65	(10.92)	39.95
NSCIF	3.20	0.11	0.01	0.24	3.68	(11.92)	9.09	(8.33)	35.61
ROWKF	55.68	29.46	0.00	(0.87)	0.00	0.00	3.03	(2.63)	1,864
WBSR	11.59	3.87	0.23	(1.20)	9.15	(20.85)	40.00	(20.67)	106.47
VMNT	3.98	(0.20)	0.00	(0.69)	0.00	0.00	11.76	(10.00)	31.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Clip Money 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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