Charles Colvard Correlations
| CTHR Stock | USD 0.11 0.00 0.00% |
The current 90-days correlation between Charles Colvard and Jeffs Brands is 0.65 (i.e., Poor diversification). The correlation of Charles Colvard 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.
Charles Colvard Correlation With Market
Pay attention - limited upside
The correlation between Charles Colvard and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charles Colvard and DJI in the same portfolio, assuming nothing else is changed.
Charles |
The ability to find closely correlated positions to Charles Colvard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charles Colvard 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 Charles Colvard - 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 Charles Colvard to buy it.
Moving together with Charles Pink Sheet
Moving against Charles Pink Sheet
| 0.82 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.71 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.7 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.61 | MCD | McDonalds Sell-off Trend | PairCorr |
| 0.58 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.57 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.57 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.55 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.54 | PTAIY | Astra International Tbk | PairCorr |
| 0.54 | AXP | American Express | PairCorr |
| 0.43 | PUTKY | United Tractors Tbk | PairCorr |
| 0.42 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.42 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.39 | EC | Ecopetrol SA ADR | PairCorr |
| 0.39 | INTC | Intel Aggressive Push | PairCorr |
| 0.38 | CVX | Chevron Corp | PairCorr |
| 0.36 | GE | GE Aerospace | PairCorr |
| 0.35 | PKX | POSCO Holdings | 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
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Risk-Adjusted Indicators
There is a big difference between Charles Pink Sheet performing well and Charles Colvard 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 Charles Colvard'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JFBR | 8.65 | (1.37) | 0.00 | 4.45 | 0.00 | 13.75 | 166.56 | |||
| ZOOZW | 7.86 | (1.33) | 0.00 | (1.01) | 0.00 | 20.00 | 53.33 | |||
| EZGO | 5.85 | (0.77) | 0.00 | 12.67 | 0.00 | 11.58 | 73.20 | |||
| BQ | 7.64 | (0.62) | 0.00 | (0.12) | 0.00 | 20.00 | 190.16 | |||
| ARKO | 1.89 | 0.21 | 0.07 | 0.23 | 2.66 | 4.59 | 15.13 | |||
| VMAR | 9.87 | (2.37) | 0.00 | (13.37) | 0.00 | 9.84 | 208.75 | |||
| AREB | 5.37 | (2.86) | 0.00 | (2.60) | 0.00 | 10.62 | 35.01 | |||
| IVP | 10,658 | 6,383 | 207.99 | (0.28) | 0.00 | 19.05 | 357,210 | |||
| YYAI | 7.28 | (1.35) | 0.00 | (0.32) | 0.00 | 15.91 | 45.44 | |||
| WBUY | 8.53 | 0.62 | 0.06 | (9.02) | 9.54 | 22.73 | 153.14 |
Charles Colvard Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Charles Colvard pink sheet to make a market-neutral strategy. Peer analysis of Charles Colvard could also be used in its relative valuation, which is a method of valuing Charles Colvard by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Charles Colvard Corporate Executives
Elected by the shareholders, the Charles Colvard's board of directors comprises two types of representatives: Charles Colvard inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Charles. The board's role is to monitor Charles Colvard's management team and ensure that shareholders' interests are well served. Charles Colvard'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, Charles Colvard's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Clint CPA | CFO Treasurer | Profile | |
| Clint Pete | Interim CFO, Corporate Controller | Profile |