Cordia Correlations
| CORGDelisted Stock | USD 0.0001 0.00 0.00% |
The correlation of Cordia 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.
Cordia Correlation With Market
Average diversification
The correlation between Cordia and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cordia and DJI in the same portfolio, assuming nothing else is changed.
Cordia |
The ability to find closely correlated positions to Cordia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cordia 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 Cordia - 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 Cordia to buy it.
Moving together with Cordia Pink Sheet
Moving against Cordia Pink Sheet
| 0.82 | ASTI | Ascent Solar Technol | PairCorr |
| 0.82 | AA | Alcoa Corp | PairCorr |
| 0.64 | BAC | Bank of America | PairCorr |
| 0.63 | GM | General Motors | PairCorr |
| 0.62 | TSLA | Tesla Inc | PairCorr |
| 0.62 | AVTBF | Avant Brands | PairCorr |
| 0.55 | HE | Hawaiian Electric | PairCorr |
| 0.54 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.5 | APGE | Apogee Therapeutics, | PairCorr |
| 0.5 | RLMD | Relmada Therapeutics | PairCorr |
| 0.49 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.39 | DNLMY | Dunelm Group PLC | PairCorr |
| 0.31 | KYOCF | Kyocera | PairCorr |
| 0.93 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.77 | BLMC | Biloxi Marsh Lands | PairCorr |
| 0.76 | GWW | WW Grainger | PairCorr |
| 0.74 | HL | Hecla Mining | PairCorr |
| 0.72 | NOEM | CO2 Energy Transition | PairCorr |
| 0.7 | AAL | American Airlines | PairCorr |
| 0.7 | CRRFY | Carrefour SA PK | PairCorr |
| 0.7 | CX | Cemex SAB de | PairCorr |
| 0.68 | RGC | Regencell Bioscience | PairCorr |
| 0.67 | ULTA | Ulta Beauty | PairCorr |
| 0.64 | SHUFF | Shufersal | PairCorr |
| 0.62 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.44 | AKAM | Akamai Technologies | PairCorr |
| 0.42 | PHAR | Pharming Group NV | PairCorr |
| 0.38 | EGP | EastGroup Properties | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cordia Pink Sheet performing well and Cordia 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 Cordia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSHO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EVVL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMHG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DESTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LCLP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SFTGQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HTRE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FJHL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ULFS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ULSP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cordia 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 Cordia pink sheet to make a market-neutral strategy. Peer analysis of Cordia could also be used in its relative valuation, which is a method of valuing Cordia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Cordia?
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.