Conrad Industries Correlations
| CNRDDelisted Stock | USD 10.30 0.00 0.00% |
The correlation of Conrad Industries 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.
Conrad |
The ability to find closely correlated positions to Conrad Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conrad Industries 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 Conrad Industries - 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 Conrad Industries to buy it.
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Conrad Pink Sheet performing well and Conrad Industries 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 Conrad Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| THLLY | 1.20 | (0.19) | 0.00 | (0.23) | 0.00 | 2.35 | 8.05 | |||
| MTUAY | 0.96 | 0.12 | 0.05 | 0.37 | 1.01 | 1.67 | 7.07 | |||
| SAFRF | 1.54 | 0.05 | 0.01 | 0.19 | 1.78 | 3.90 | 9.91 | |||
| FINMY | 1.59 | 0.08 | (0.02) | (1.17) | 2.12 | 3.32 | 9.51 | |||
| THLEF | 0.56 | (0.06) | 0.00 | 0.30 | 0.00 | 1.24 | 10.20 | |||
| SGGKF | 0.97 | 0.22 | 0.00 | (0.94) | 0.00 | 3.40 | 25.21 | |||
| KAMN | 1.85 | 0.16 | 0.00 | (0.45) | 2.21 | 5.37 | 14.48 | |||
| KITTW | 4.91 | (0.52) | 0.00 | (6.34) | 0.00 | 12.32 | 35.31 | |||
| ISSC | 1.36 | 0.10 | 0.03 | 0.27 | 1.53 | 3.28 | 9.31 | |||
| NPK | 1.16 | (0.05) | (0.01) | 0.08 | 1.37 | 2.43 | 8.03 |
View Conrad Industries Related Equities
| Risk & Return | Correlation |
Conrad Industries Corporate Executives
Elected by the shareholders, the Conrad Industries' board of directors comprises two types of representatives: Conrad Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Conrad. The board's role is to monitor Conrad Industries' management team and ensure that shareholders' interests are well served. Conrad Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Conrad Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Terry Frickey | COO, Executive VP of Bus. and Product Devel. and Executive VP | Profile |
Still Interested in Conrad Industries?
Investing in delisted pink sheets can be risky, as the pink sheet 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.