Critical Elements Correlations
| CRECF Stock | USD 0.30 0.02 6.25% |
The current 90-days correlation between Critical Elements and Falcon Metals Limited is -0.08 (i.e., Good diversification). The correlation of Critical Elements 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.
Critical Elements Correlation With Market
Very weak diversification
The correlation between Critical Elements and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Critical Elements and DJI in the same portfolio, assuming nothing else is changed.
Critical |
The ability to find closely correlated positions to Critical Elements could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Critical Elements 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 Critical Elements - 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 Critical Elements to buy it.
Moving together with Critical OTC Stock
| 0.67 | ATCOL | Atlas Corp | PairCorr |
| 0.62 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.65 | GEL | Genesis Energy LP | PairCorr |
| 0.7 | NBTRF | Nobel Resources Corp | PairCorr |
| 0.65 | VHI | Valhi Inc | PairCorr |
| 0.69 | CMI | Cummins | PairCorr |
| 0.66 | DREUF | Dream Industrial Real | PairCorr |
| 0.63 | TG | Tredegar | PairCorr |
| 0.69 | TDY | Teledyne Technologies | PairCorr |
| 0.69 | INGR | Ingredion Incorporated | PairCorr |
| 0.61 | RHHVF | Roche Holding AG | PairCorr |
| 0.72 | NTRSO | Northern Trust | PairCorr |
| 0.78 | SOJE | Southern Company | PairCorr |
| 0.87 | UAMY | United States Antimony Aggressive Push | PairCorr |
| 0.75 | ESCA | Escalade Incorporated | PairCorr |
Moving against Critical OTC Stock
| 0.77 | GCMGW | GCM Grosvenor | PairCorr |
| 0.68 | MAPSW | WM Technology | PairCorr |
| 0.65 | PBCRY | Bank Central Asia | PairCorr |
| 0.4 | ADVWW | Advantage Solutions | PairCorr |
| 0.34 | PBCRF | PT Bank Central | PairCorr |
| 0.41 | ESTA | Establishment Labs Earnings Call Next Week | PairCorr |
| 0.34 | EYPT | Eyepoint Pharmaceuticals Sell-off Trend | 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
|
Risk-Adjusted Indicators
There is a big difference between Critical OTC Stock performing well and Critical Elements 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 Critical Elements' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RCTFF | 11.06 | 3.19 | 0.14 | 1.48 | 9.29 | 38.89 | 129.40 | |||
| ETUGF | 34.62 | 12.85 | 0.27 | 1.01 | 15.10 | 0.00 | 808.33 | |||
| CDELF | 2.50 | (1.18) | 0.00 | 0.70 | 0.00 | 0.00 | 60.00 | |||
| AVGDF | 5.69 | 1.29 | 0.06 | (0.92) | 6.36 | 27.76 | 88.89 | |||
| WEGOF | 1.78 | 0.63 | 0.00 | (0.98) | 0.00 | 0.00 | 78.98 | |||
| TBMIF | 1.49 | 0.79 | 0.00 | (1.00) | 0.00 | 0.00 | 50.00 | |||
| WKGFF | 5.59 | 2.18 | 0.00 | (0.82) | 0.00 | 15.56 | 96.11 | |||
| GGXXF | 7.11 | 1.39 | 0.05 | (0.87) | 9.96 | 17.65 | 180.68 | |||
| FALFF | 604.16 | 349.18 | 0.00 | (0.47) | 0.00 | 0.00 | 20,245 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Critical Elements 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.Did you try this?
Run Equity Search Now
Equity SearchSearch for actively traded equities including funds and ETFs from over 30 global markets |
| All Next | Launch Module |
Critical Elements Corporate Executives
Elected by the shareholders, the Critical Elements' board of directors comprises two types of representatives: Critical Elements inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Critical. The board's role is to monitor Critical Elements' management team and ensure that shareholders' interests are well served. Critical Elements' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Critical Elements' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nathalie Laurin | CFO and Corporate Secretary | Profile |