Deveron Corp Correlations

DVRNF Stock

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The correlation of Deveron Corp 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.

Deveron Corp Correlation With Market

Poor diversification

The correlation between Deveron Corp and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deveron Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Deveron Pink Sheet

0.68	GNTX	Gentex	Pair Corr
0.82	FIBK	First Interstate Ban	Pair Corr
0.76	APETF	Alpha Esports Tech	Pair Corr
0.8	YLLXF	Yellow Cake plc	Pair Corr
0.7	AROC	Archrock Symbol Change	Pair Corr
0.71	SECVY	Seche Environnement	Pair Corr
0.66	OBYCF	Obayashi	Pair Corr
0.68	RILYL	B Riley Financial	Pair Corr
0.7	THO	Thor Industries Downward Rally	Pair Corr
0.72	ENS	Enersys	Pair Corr
0.77	BNKHF	BOC Hong Kong	Pair Corr

Moving against Deveron Pink Sheet

0.94	BROGF	BROGF	Pair Corr
0.79	PBCRY	Bank Central Asia	Pair Corr
0.62	PBCRF	PT Bank Central	Pair Corr
0.57	NECPY	NEC ADR Upward Rally	Pair Corr
0.37	FIS	Fidelity National Earnings Call This Week	Pair Corr
0.37	BKRKF	PT Bank Rakyat Earnings Call Tomorrow	Pair Corr
0.36	IBM	International Business	Pair Corr

Related Correlations Analysis

	NGRRF	TRCLF	WRDLY	ADSGF	WWLNF	WBTNF	SWDHF	CCCMF	DCHIF	BTRCF
NGRRF		0.0	-0.57	0.0	-0.69	0.08	0.58	0.0	-0.74	0.59	NGRRF
TRCLF	0.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	TRCLF
WRDLY	-0.57	0.0		0.0	0.75	-0.24	-0.34	0.0	0.63	-0.31	WRDLY
ADSGF	0.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ADSGF
WWLNF	-0.69	0.0	0.75	0.0		-0.42	-0.35	0.0	0.86	-0.68	WWLNF
WBTNF	0.08	0.0	-0.24	0.0	-0.42		0.07	0.0	-0.44	0.35	WBTNF
SWDHF	0.58	0.0	-0.34	0.0	-0.35	0.07		0.0	-0.35	0.2	SWDHF
CCCMF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CCCMF
DCHIF	-0.74	0.0	0.63	0.0	0.86	-0.44	-0.35	0.0		-0.75	DCHIF
BTRCF	0.59	0.0	-0.31	0.0	-0.68	0.35	0.2	0.0	-0.75		BTRCF
	NGRRF	TRCLF	WRDLY	ADSGF	WWLNF	WBTNF	SWDHF	CCCMF	DCHIF	BTRCF

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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

ADSGF	+ 1.0	TRCLF
DCHIF	+ 0.86	WWLNF
WWLNF	+ 0.75	WRDLY
DCHIF	+ 0.63	WRDLY
BTRCF	+ 0.59	NGRRF
SWDHF	+ 0.58	NGRRF

High negative correlations

BTRCF	- 0.75	DCHIF
DCHIF	- 0.74	NGRRF
WWLNF	- 0.69	NGRRF
BTRCF	- 0.68	WWLNF
WRDLY	- 0.57	NGRRF
DCHIF	- 0.44	WBTNF

Risk-Adjusted Indicators

There is a big difference between Deveron Pink Sheet performing well and Deveron Corp 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 Deveron Corp'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
NGRRF	2.43	0.60	0.10	0.63	2.75	(4.17)	4.99	(6.17)	42.78
TRCLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WRDLY	2.81	(0.45)	0.00	(2.22)	0.00	0.00	4.65	(8.79)	22.26
ADSGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WWLNF	1.32	(0.47)	0.00	0.51	0.00	0.00	0.00	0.00	36.90
WBTNF	4.72	0.51	0.09	2.25	4.30	(6.11)	12.57	(6.94)	31.38
SWDHF	0.99	0.44	0.00	0.86	0.00	0.00	0.00	0.00	33.33
CCCMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCHIF	0.56	(0.19)	0.00	1.21	0.00	0.00	0.00	(2.78)	7.69
BTRCF	0.31	(0.01)	0.00	0.02	0.00	0.00	1.80	(0.90)	6.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deveron Corp 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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Deveron Corp Corporate Management

Scott Jackman	VP Sales	Profile
Paul Lotay	Accounting Mang	Profile
ACIS BComm	Chief Officer	Profile
David CFA	President, CEO	Profile

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