Spartan Delta Correlations
| DALXF Stock | USD 2.65 0.09 3.52% |
The current 90-days correlation between Spartan Delta Corp and Tamarack Valley Energy is 0.1 (i.e., Average diversification). The correlation of Spartan Delta 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.
Spartan Delta Correlation With Market
Significant diversification
The correlation between Spartan Delta Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spartan Delta Corp and DJI in the same portfolio, assuming nothing else is changed.
Spartan |
The ability to find closely correlated positions to Spartan Delta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spartan Delta 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 Spartan Delta - 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 Spartan Delta Corp to buy it.
Moving together with Spartan Pink Sheet
| 0.68 | SHG | Shinhan Financial | PairCorr |
| 0.72 | BCH | Banco De Chile | PairCorr |
| 0.61 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.8 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.64 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Spartan Pink Sheet
| 0.84 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.73 | WMT | Walmart Aggressive Push | PairCorr |
| 0.72 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | FNMFO | Federal National Mortgage | PairCorr |
| 0.58 | HPQ | HP Inc | PairCorr |
| 0.57 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.54 | HD | Home Depot | PairCorr |
| 0.46 | KB | KB Financial Group | PairCorr |
| 0.36 | ITCL | Banco Ita Chile | PairCorr |
Related Correlations Analysis
| 0.7 | -0.02 | 0.59 | -0.12 | TNEYF | ||
| 0.7 | 0.41 | 0.63 | 0.24 | CDDRF | ||
| -0.02 | 0.41 | 0.16 | 0.86 | CRLFF | ||
| 0.59 | 0.63 | 0.16 | 0.12 | KELTF | ||
| -0.12 | 0.24 | 0.86 | 0.12 | ZPTAF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Spartan Pink Sheet performing well and Spartan Delta 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 Spartan Delta'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNEYF | 1.83 | 0.16 | 0.04 | 0.47 | 2.20 | 3.81 | 10.79 | |||
| CDDRF | 1.48 | 0.09 | (0.01) | (2.57) | 2.00 | 3.16 | 10.36 | |||
| CRLFF | 1.09 | (0.06) | 0.00 | (0.09) | 0.00 | 2.00 | 5.48 | |||
| KELTF | 1.75 | 0.14 | 0.03 | 0.47 | 2.11 | 4.58 | 17.76 | |||
| ZPTAF | 1.71 | (0.21) | 0.00 | (0.27) | 0.00 | 3.43 | 8.21 |
Be your own money manager
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Spartan Delta Corporate Management
| Sanjib LLB | Co Sec | Profile | |
| Mark Hodgson | VP Devel | Profile | |
| Ashley Hohm | VP Controller | Profile | |
| Randy Berg | VP Land | Profile | |
| Craig Martin | VP Operations | Profile | |
| Geraldine CFA | Chief Officer | Profile | |
| Richard McHardy | Ex Chairman | Profile |