Golden Developing Correlations

The current 90-days correlation between Golden Developing and Aequus Pharmaceuticals is 0.01 (i.e., Significant diversification). The correlation of Golden Developing 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.

Golden Developing Correlation With Market

Average diversification

The correlation between Golden Developing Solutions and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Developing Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Golden Pink Sheet

0.71	RGC	Regencell Bioscience Trending	Pair Corr
0.7	TAK	Takeda Pharmaceutical	Pair Corr
0.68	TKPHF	Takeda Pharmaceutical	Pair Corr
0.61	MKKGY	Merck KGaA ADR	Pair Corr
0.59	MKGAF	MERCK Kommanditgesells	Pair Corr
0.52	HLN	Haleon plc Sell-off Trend	Pair Corr
0.52	WF	Woori Financial Group	Pair Corr
0.47	BAC-PL	Bank of America Earnings Call This Week	Pair Corr
0.46	TEVA	Teva Pharma Industries	Pair Corr
0.41	BCH	Banco De Chile Normal Trading	Pair Corr
0.4	HLNCF	Haleon plc	Pair Corr
0.4	ACN	Accenture plc	Pair Corr
0.34	F	Ford Motor Aggressive Push	Pair Corr
0.32	TEVA	Teva Pharmaceutical	Pair Corr
0.59	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.57	ATI	Allegheny Technologies	Pair Corr
0.57	XOM	Exxon Mobil Corp	Pair Corr
0.5	BAC	Bank of America Earnings Call This Week	Pair Corr
0.47	BA	Boeing	Pair Corr
0.39	DD	Dupont De Nemours	Pair Corr
0.37	CAT	Caterpillar	Pair Corr
0.32	WMT	Walmart Common Stock	Pair Corr
0.31	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	AQSZF	NEPTF	RMRK	IVIXF	NXEN	ACUS	TOMDF	MCIC	XTXXF	EMYSF
AQSZF		-0.16	0.3	0.0	0.43	0.0	0.0	0.18	0.35	0.0	AQSZF
NEPTF	-0.16		-0.26	0.0	0.25	0.0	0.0	-0.1	0.37	0.0	NEPTF
RMRK	0.3	-0.26		0.0	-0.02	0.0	0.0	-0.01	-0.01	0.0	RMRK
IVIXF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	1.0	IVIXF
NXEN	0.43	0.25	-0.02	0.0		0.0	0.0	0.36	0.83	0.0	NXEN
ACUS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ACUS
TOMDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TOMDF
MCIC	0.18	-0.1	-0.01	0.0	0.36	0.0	0.0		0.17	0.0	MCIC
XTXXF	0.35	0.37	-0.01	0.0	0.83	0.0	0.0	0.17		0.0	XTXXF
EMYSF	0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0		EMYSF
	AQSZF	NEPTF	RMRK	IVIXF	NXEN	ACUS	TOMDF	MCIC	XTXXF	EMYSF

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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

EMYSF	+ 1.0	IVIXF
XTXXF	+ 0.83	NXEN
NXEN	+ 0.43	AQSZF
XTXXF	+ 0.37	NEPTF
MCIC	+ 0.36	NXEN
XTXXF	+ 0.35	AQSZF

High negative correlations

RMRK	- 0.26	NEPTF
NEPTF	- 0.16	AQSZF
MCIC	- 0.1	NEPTF
NXEN	- 0.02	RMRK
XTXXF	- 0.01	RMRK
MCIC	- 0.01	RMRK

Risk-Adjusted Indicators

There is a big difference between Golden Pink Sheet performing well and Golden Developing 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 Golden Developing'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	Treynor Ratio	Value @Risk	Maximum Drawdown
AQSZF	6.81	1.06	(1.07)	(13.04)	170.51
NEPTF	9.04	2.09	(0.28)	0.00	399.00
RMRK	5.21	1.04	(0.36)	(20.00)	91.67
IVIXF	0.00	0.00	0.00	0.00	0.00
NXEN	5.66	(3.11)	(0.65)	0.00	105.56
ACUS	0.00	0.00	0.00	0.00	0.00
TOMDF	0.00	0.00	0.00	0.00	0.00
MCIC	6.19	1.77	3.31	0.00	250.00
XTXXF	4.42	(2.22)	2.34	0.00	96.08
EMYSF	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Golden Developing 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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