Cygnus ETransaction Correlations

CYGT Stock

USD 0.0003 0.00 0.00%

The current 90-days correlation between Cygnus eTransaction and World Wireless Communications is -0.01 (i.e., Good diversification). The correlation of Cygnus ETransaction 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.

Cygnus ETransaction Correlation With Market

Very weak diversification

The correlation between Cygnus eTransaction Group and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cygnus eTransaction Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cygnus Pink Sheet

0.84	JCDXF	JCDecaux SA Earnings Call Next Week	Pair Corr
0.86	MTC	MMTEC Inc	Pair Corr
0.92	FLXS	Flexsteel Industries	Pair Corr
0.61	PXMFF	Philex Mining	Pair Corr
0.66	AP	Ampco Pittsburgh	Pair Corr
0.88	CIZN	Citizens Holding	Pair Corr
0.73	ABOS	Acumen Pharmaceuticals	Pair Corr
0.74	ALLO	Allogene Therapeutics	Pair Corr

Moving against Cygnus Pink Sheet

0.86	PUBGY	Publicis Groupe SA	Pair Corr
0.85	WPPGF	WPP plc	Pair Corr
0.81	IPG	Interpublic Group	Pair Corr
0.8	DNTUY	Dentsu Inc ADR	Pair Corr
0.79	PGPEF	Publicis Groupe SA	Pair Corr
0.74	DNTUF	Dentsu Inc	Pair Corr
0.74	PBCRF	PT Bank Central	Pair Corr
0.74	PBCRY	Bank Central Asia	Pair Corr
0.48	TLK	Telkom Indonesia Tbk	Pair Corr
0.47	CYGIY	CyberAgent ADR	Pair Corr
0.33	FCNCA	First Citizens BancShares	Pair Corr

Related Correlations Analysis

	EEGI	MRNJ	WWRL	CRTD	DBMM	OIBZQ	NETWF
EEGI		-0.05	0.13	-0.13	-0.05	0.07	-0.11	EEGI
MRNJ	-0.05		-0.52	0.13	0.57	0.42	-0.14	MRNJ
WWRL	0.13	-0.52		-0.28	-0.55	-0.26	0.29	WWRL
CRTD	-0.13	0.13	-0.28		0.24	0.05	-0.45	CRTD
DBMM	-0.05	0.57	-0.55	0.24		0.57	-0.35	DBMM
OIBZQ	0.07	0.42	-0.26	0.05	0.57		-0.35	OIBZQ
NETWF	-0.11	-0.14	0.29	-0.45	-0.35	-0.35		NETWF
	EEGI	MRNJ	WWRL	CRTD	DBMM	OIBZQ	NETWF

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

DBMM	+ 0.57	MRNJ
OIBZQ	+ 0.57	DBMM
OIBZQ	+ 0.42	MRNJ
NETWF	+ 0.29	WWRL
DBMM	+ 0.24	CRTD
WWRL	+ 0.13	EEGI

High negative correlations

DBMM	- 0.55	WWRL
WWRL	- 0.52	MRNJ
NETWF	- 0.45	CRTD
NETWF	- 0.35	OIBZQ
NETWF	- 0.35	DBMM
CRTD	- 0.28	WWRL

Risk-Adjusted Indicators

There is a big difference between Cygnus Pink Sheet performing well and Cygnus ETransaction 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 Cygnus ETransaction'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
EEGI	35.51	10.01	0.19	(1.90)	24.80	(100.00)	100.00	(50.00)	150.00
MRNJ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WWRL	10.07	4.22	0.19	(18.02)	5.75	(114.94)	0.00	(4.04)	376.64
CRTD	5.24	0.36	0.05	0.40	5.87	(7.33)	13.99	(10.00)	32.82
DBMM	7.66	(0.23)	0.00	(0.37)	0.00	0.00	14.29	(15.38)	50.00
OIBZQ	3.46	(0.82)	0.00	(0.43)	0.00	0.00	0.00	0.00	95.45
NETWF	2.12	(0.42)	0.00	(0.58)	0.00	0.00	6.38	(7.60)	22.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cygnus ETransaction 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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