Colabor Correlations

COLFF Stock

USD 0.03 0.01 50.00%

The correlation of Colabor 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.

Colabor Correlation With Market

Significant diversification

The correlation between Colabor Group and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colabor Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Colabor Pink Sheet

0.67

HPQ

HP Inc

Pair Corr

Moving against Colabor Pink Sheet

0.79	PTAIY	Astra International Tbk	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.67	MRK	Merck Company	Pair Corr
0.65	ACN	Accenture plc	Pair Corr
0.64	XOM	Exxon Mobil Corp	Pair Corr
0.61	F	Ford Motor Aggressive Push	Pair Corr
0.61	BAC	Bank of America Earnings Call This Week	Pair Corr
0.59	CSCO	Cisco Systems	Pair Corr
0.58	PFE	Pfizer Inc	Pair Corr
0.55	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.52	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	CAT	Caterpillar	Pair Corr
0.41	PBCRY	Bank Central Asia	Pair Corr
0.39	WMT	Walmart Common Stock	Pair Corr
0.36	BKRKY	Bank Rakyat	Pair Corr
0.32	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	DTEAF	CTUNF	BRBMF	ELAMF	OMHI	CATWF	CELV	JSDA	CFOO	IVFH
DTEAF		0.0	-0.61	0.34	0.39	0.0	-0.56	0.54	0.0	-0.54	DTEAF
CTUNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CTUNF
BRBMF	-0.61	0.0		-0.61	-0.52	0.0	0.74	-0.54	0.0	0.51	BRBMF
ELAMF	0.34	0.0	-0.61		0.5	0.0	-0.61	0.42	0.0	-0.15	ELAMF
OMHI	0.39	0.0	-0.52	0.5		0.0	-0.24	0.84	0.0	-0.23	OMHI
CATWF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	-1.0	0.0	CATWF
CELV	-0.56	0.0	0.74	-0.61	-0.24	0.0		-0.31	0.0	0.25	CELV
JSDA	0.54	0.0	-0.54	0.42	0.84	0.0	-0.31		0.0	-0.33	JSDA
CFOO	0.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0		0.0	CFOO
IVFH	-0.54	0.0	0.51	-0.15	-0.23	0.0	0.25	-0.33	0.0		IVFH
	DTEAF	CTUNF	BRBMF	ELAMF	OMHI	CATWF	CELV	JSDA	CFOO	IVFH

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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

JSDA	+ 0.84	OMHI
CELV	+ 0.74	BRBMF
JSDA	+ 0.54	DTEAF
IVFH	+ 0.51	BRBMF
OMHI	+ 0.5	ELAMF
JSDA	+ 0.42	ELAMF

High negative correlations

CFOO	- 1.0	CATWF
CELV	- 0.61	ELAMF
ELAMF	- 0.61	BRBMF
BRBMF	- 0.61	DTEAF
CELV	- 0.56	DTEAF
JSDA	- 0.54	BRBMF

Risk-Adjusted Indicators

There is a big difference between Colabor Pink Sheet performing well and Colabor 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 Colabor'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
DTEAF	2.74	0.07	0.00	0.42	3.11	(3.96)	6.45	(4.76)	18.68
CTUNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRBMF	0.59	(0.34)	0.00	(0.79)	0.00	0.00	0.00	0.00	12.50
ELAMF	0.87	0.44	0.00	(5.93)	0.00	0.00	0.00	0.00	18.06
OMHI	3.08	1.72	0.00	(0.68)	0.00	0.00	0.00	0.00	100.00
CATWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CELV	12.43	0.27	0.00	0.00	13.72	(22.69)	36.36	(26.67)	97.88
JSDA	5.71	1.05	0.12	(1.06)	5.24	(9.84)	18.18	(10.26)	56.54
CFOO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVFH	4.39	(0.78)	0.00	(2.12)	0.00	0.00	9.38	(8.11)	23.64

Be your own money manager

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