Creative Technology Correlations
| CREAF Stock | USD 0.55 0.08 17.02% |
The current 90-days correlation between Creative Technology and Nextech Ar Solutions is -0.12 (i.e., Good diversification). The correlation of Creative Technology 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.
Creative Technology Correlation With Market
Very weak diversification
The correlation between Creative Technology and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Creative Technology and DJI in the same portfolio, assuming nothing else is changed.
Creative |
The ability to find closely correlated positions to Creative Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Creative Technology 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 Creative Technology - 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 Creative Technology to buy it.
Moving together with Creative Pink Sheet
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| 0.68 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.63 | CVX | Chevron Corp | PairCorr |
| 0.74 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.62 | DD | Dupont De Nemours Earnings Call Tomorrow | PairCorr |
Moving against Creative Pink Sheet
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
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Risk-Adjusted Indicators
There is a big difference between Creative Pink Sheet performing well and Creative Technology 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 Creative Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NEXCF | 6.93 | (0.09) | 0.01 | 0.05 | 6.68 | 20.00 | 56.45 | |||
| DRKOF | 9.17 | 1.85 | 0.00 | (0.47) | 0.00 | 0.00 | 298.29 | |||
| FOBIF | 32.92 | 9.70 | 0.27 | (1.40) | 25.40 | 121.33 | 195.18 | |||
| CINGF | 6.24 | (0.31) | (0.01) | 0.00 | 8.16 | 13.21 | 33.95 | |||
| SPOFF | 5.73 | 1.15 | 0.14 | 10.57 | 5.29 | 13.04 | 42.06 | |||
| DUBRF | 1.52 | (0.87) | 0.00 | (0.73) | 0.00 | 0.00 | 50.91 | |||
| AITX | 5.28 | (0.80) | 0.00 | (0.87) | 0.00 | 14.29 | 36.67 | |||
| MOOIF | 1.30 | (0.16) | 0.00 | 0.02 | 0.00 | 0.00 | 30.00 | |||
| MLBEF | 16.70 | 1.52 | 0.08 | 0.57 | 15.80 | 47.60 | 124.11 | |||
| CYBL | 6.12 | (1.39) | 0.00 | (2.52) | 0.00 | 13.64 | 41.91 |
Be your own money manager
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Creative Technology Corporate Executives
Elected by the shareholders, the Creative Technology's board of directors comprises two types of representatives: Creative Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Creative. The board's role is to monitor Creative Technology's management team and ensure that shareholders' interests are well served. Creative Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Creative Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.