Capital Properties Correlations

CPTP Stock

USD 13.50 1.00 8.00%

The current 90-days correlation between Capital Properties and Parkit Enterprise is 0.02 (i.e., Significant diversification). The correlation of Capital Properties 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. If the correlation is 0, the equities are not correlated; they are entirely random.

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

Moving together with Capital OTC Stock

0.75	AA	Alcoa Corp	Pair Corr
0.63	WMT	Walmart Common Stock	Pair Corr
0.65	MRK	Merck Company Aggressive Push	Pair Corr

Moving against Capital OTC Stock

0.64	APVO	Aptevo Therapeutics	Pair Corr
0.63	TRNR	Interactive Strength	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.44	T	ATT Inc	Pair Corr

Related Correlations Analysis

	PKTEF	MHIVF	BVERS	BREUF	OJOC	LPMDF	CNNRF	KANP	MRTI	FHRT
PKTEF		0.09	0.2	0.58	-0.41	-0.11	0.07	0.42	0.07	0.15	PKTEF
MHIVF	0.09		0.05	0.01	0.15	-0.15	-0.02	-0.02	-0.21	-0.23	MHIVF
BVERS	0.2	0.05		0.19	-0.17	0.02	-0.37	0.42	-0.28	-0.14	BVERS
BREUF	0.58	0.01	0.19		-0.35	-0.08	0.29	0.41	0.22	0.14	BREUF
OJOC	-0.41	0.15	-0.17	-0.35		-0.05	0.36	-0.76	0.31	0.11	OJOC
LPMDF	-0.11	-0.15	0.02	-0.08	-0.05		-0.25	0.13	-0.28	-0.39	LPMDF
CNNRF	0.07	-0.02	-0.37	0.29	0.36	-0.25		-0.48	0.78	0.49	CNNRF
KANP	0.42	-0.02	0.42	0.41	-0.76	0.13	-0.48		-0.52	-0.35	KANP
MRTI	0.07	-0.21	-0.28	0.22	0.31	-0.28	0.78	-0.52		0.8	MRTI
FHRT	0.15	-0.23	-0.14	0.14	0.11	-0.39	0.49	-0.35	0.8		FHRT
	PKTEF	MHIVF	BVERS	BREUF	OJOC	LPMDF	CNNRF	KANP	MRTI	FHRT

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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

FHRT	+ 0.8	MRTI
MRTI	+ 0.78	CNNRF
BREUF	+ 0.58	PKTEF
FHRT	+ 0.49	CNNRF
KANP	+ 0.42	PKTEF
KANP	+ 0.42	BVERS

High negative correlations

KANP	- 0.76	OJOC
MRTI	- 0.52	KANP
KANP	- 0.48	CNNRF
OJOC	- 0.41	PKTEF
FHRT	- 0.39	LPMDF
CNNRF	- 0.37	BVERS

Risk-Adjusted Indicators

There is a big difference between Capital OTC Stock performing well and Capital Properties 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 Capital Properties' 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
PKTEF	0.79	0.03	0.00	0.61	0.00	0.00	0.00	0.00	23.40
MHIVF	7.48	1.10	0.04	(0.58)	9.47	(17.43)	23.08	(17.65)	75.87
BVERS	2.24	(0.09)	0.00	(0.01)	0.00	0.00	4.88	(5.45)	17.44
BREUF	1.21	(0.08)	0.00	(1.83)	0.00	0.00	2.62	(3.31)	12.04
OJOC	0.05	(0.01)	0.00	(0.46)	0.00	0.00	0.00	0.00	1.50
LPMDF	1.19	(0.58)	0.00	1.42	0.00	0.00	0.00	0.00	0.00
CNNRF	1.06	0.04	0.00	0.15	1.54	(1.49)	3.61	(3.64)	9.44
KANP	1.34	(0.49)	0.00	(0.75)	0.00	0.00	0.00	(5.17)	17.88
MRTI	4.13	0.77	0.12	0.93	4.71	(5.29)	11.11	(6.77)	40.37
FHRT	2.22	0.67	0.10	39.39	2.04	(5.18)	11.55	(4.53)	23.01

Be your own money manager

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