Copper Property Correlations

CPPTL Stock

USD 11.00 0.03 0.27%

The current 90-days correlation between Copper Property CTL and Intact Financial is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Copper Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copper Property CTL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Copper Property Correlation With Market

Good diversification

The correlation between Copper Property CTL and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Copper Property CTL and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Copper OTC Stock

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0.67	ALVLF	Big Ridge Gold	Pair Corr
0.61	TAK	Takeda Pharmaceutical	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.46	BAC	Bank of America	Pair Corr
0.46	GWW	WW Grainger	Pair Corr
0.41	TSLA	Tesla Inc	Pair Corr
0.36	MSB	Mesabi Trust	Pair Corr
0.35	REGN	Regeneron Pharmaceuticals	Pair Corr
0.33	68233JBP8	US68233JBP84	Pair Corr
0.32	BMYMP	Bristol Myers Squibb	Pair Corr
0.9	BLMC	Biloxi Marsh Lands	Pair Corr
0.61	RGC	Regencell Bioscience Upward Rally	Pair Corr
0.6	ASTI	Ascent Solar Technol Upward Rally	Pair Corr
0.47	CX	Cemex SAB de Aggressive Push	Pair Corr
0.47	HL	Hecla Mining	Pair Corr
0.45	CRRFY	Carrefour SA PK	Pair Corr
0.39	AAL	American Airlines	Pair Corr
0.38	ULTA	Ulta Beauty	Pair Corr
0.37	GM	General Motors Sell-off Trend	Pair Corr

Related Correlations Analysis

	INFFF	AFSIM	AFSIC	AFSIP	SYANY	AFSIB	AFSIN	AFSIA
INFFF		-0.24	-0.21	-0.34	0.0	-0.14	-0.15	-0.05	INFFF
AFSIM	-0.24		0.34	0.28	0.0	0.04	-0.08	0.1	AFSIM
AFSIC	-0.21	0.34		0.55	0.0	0.1	-0.15	0.22	AFSIC
AFSIP	-0.34	0.28	0.55		0.0	0.21	0.09	0.04	AFSIP
SYANY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SYANY
AFSIB	-0.14	0.04	0.1	0.21	0.0		0.11	0.24	AFSIB
AFSIN	-0.15	-0.08	-0.15	0.09	0.0	0.11		0.28	AFSIN
AFSIA	-0.05	0.1	0.22	0.04	0.0	0.24	0.28		AFSIA
	INFFF	AFSIM	AFSIC	AFSIP	SYANY	AFSIB	AFSIN	AFSIA

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

AFSIP	+ 0.55	AFSIC
AFSIC	+ 0.34	AFSIM
AFSIP	+ 0.28	AFSIM
AFSIA	+ 0.28	AFSIN
AFSIA	+ 0.24	AFSIB
AFSIA	+ 0.22	AFSIC

High negative correlations

AFSIP	- 0.34	INFFF
AFSIM	- 0.24	INFFF
AFSIC	- 0.21	INFFF
AFSIN	- 0.15	AFSIC
AFSIN	- 0.15	INFFF
AFSIB	- 0.14	INFFF

Risk-Adjusted Indicators

There is a big difference between Copper OTC Stock performing well and Copper Property 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 Copper Property'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
INFFF	0.05	0.01	0.00	(0.32)	0.00	0.00	0.00	0.00	1.74
AFSIM	1.61	(0.14)	0.00	(0.29)	0.00	0.00	4.17	(4.91)	15.81
AFSIC	1.28	(0.08)	0.00	(0.88)	0.00	0.00	4.63	(5.53)	13.82
AFSIP	1.28	(0.19)	0.00	(0.37)	0.00	0.00	3.54	(3.89)	11.46
SYANY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFSIB	0.85	0.00	(0.02)	0.09	1.38	(1.79)	2.89	(2.81)	13.13
AFSIN	2.33	0.23	0.03	0.56	3.44	(2.98)	6.59	(5.66)	39.17
AFSIA	1.14	0.10	0.01	1.95	1.40	(2.20)	5.38	(2.79)	11.51

Be your own money manager

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