Chesapeake Finl Correlations

CPKF Stock

USD 19.00 0.06 0.32%

The current 90-days correlation between Chesapeake Finl Shs and Morningstar Unconstrained Allocation is 0.11 (i.e., Average diversification). The correlation of Chesapeake Finl 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.

Chesapeake Finl Correlation With Market

Significant diversification

The correlation between Chesapeake Finl Shs 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 Chesapeake Finl Shs and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Chesapeake OTC Stock

0.66	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.64	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Chesapeake OTC Stock

0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.37	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.33	PPERF	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	444859BR2	SCRYY	AQUI	LBHIX	MSTSX	ID	VIASP	RRTLX	KNG	OSHDF
444859BR2		-0.53	0.0	-0.54	-0.45	-0.57	-0.45	-0.39	-0.42	-0.46	444859BR2
SCRYY	-0.53		0.0	0.48	0.34	0.73	0.67	0.4	0.48	0.8	SCRYY
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	-0.54	0.48	0.0		0.68	0.55	0.29	0.75	0.69	0.35	LBHIX
MSTSX	-0.45	0.34	0.0	0.68		0.36	-0.05	0.86	0.76	0.04	MSTSX
ID	-0.57	0.73	0.0	0.55	0.36		0.75	0.48	0.48	0.76	ID
VIASP	-0.45	0.67	0.0	0.29	-0.05	0.75		0.11	0.1	0.82	VIASP
RRTLX	-0.39	0.4	0.0	0.75	0.86	0.48	0.11		0.83	0.18	RRTLX
KNG	-0.42	0.48	0.0	0.69	0.76	0.48	0.1	0.83		0.19	KNG
OSHDF	-0.46	0.8	0.0	0.35	0.04	0.76	0.82	0.18	0.19		OSHDF
	444859BR2	SCRYY	AQUI	LBHIX	MSTSX	ID	VIASP	RRTLX	KNG	OSHDF

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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

RRTLX	+ 0.86	MSTSX
KNG	+ 0.83	RRTLX
OSHDF	+ 0.82	VIASP
OSHDF	+ 0.8	SCRYY
KNG	+ 0.76	MSTSX
OSHDF	+ 0.76	ID

High negative correlations

ID	- 0.57	444859BR2
LBHIX	- 0.54	444859BR2
SCRYY	- 0.53	444859BR2
OSHDF	- 0.46	444859BR2
VIASP	- 0.45	444859BR2
MSTSX	- 0.45	444859BR2

Risk-Adjusted Indicators

There is a big difference between Chesapeake OTC Stock performing well and Chesapeake Finl OTC Stock 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 Chesapeake Finl'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
444859BR2	1.36	(0.03)	0.00	0.24	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.36	0.08	(0.73)	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.02	(0.44)	1.66	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	0.04	(0.14)	(0.75)	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.84	0.83	0.15	1.41	3.95	(5.14)	7.89	(6.67)	20.54
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	0.01	(0.33)	0.38	0.25	(0.25)	0.48	(0.56)	1.36
KNG	0.42	(0.02)	(0.16)	0.09	0.40	(0.44)	0.84	(0.77)	1.82
OSHDF	39.65	22.84	0.00	(0.94)	0.00	0.00	0.00	0.00	1,329

Be your own money manager

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