EVIO Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EVIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVIO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EVIO Correlation With Market

Very good diversification

The correlation between EVIO Inc and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EVIO Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against EVIO Pink Sheet

0.39	PTAIY	Astra International Tbk	Pair Corr
0.33	TAK	Takeda Pharmaceutical Earnings Call This Week	Pair Corr
0.33	TKPHF	Takeda Pharmaceutical Earnings Call This Week	Pair Corr
0.33	EC	Ecopetrol SA ADR Downward Rally	Pair Corr
0.32	MKGAF	MERCK Kommanditgesells	Pair Corr
0.31	MKKGY	Merck KGaA ADR	Pair Corr
0.44	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr
0.37	BA	Boeing Earnings Call This Week	Pair Corr
0.36	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.35	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.35	WMT	Walmart Common Stock	Pair Corr
0.34	GE	GE Aerospace	Pair Corr
0.33	KMFG	KMFG	Pair Corr

Related Correlations Analysis

	JWCAF	KHRNF	PBFFF	ANTCF	HEMP	FWDG	KAYS	SHMN	LVRLF	BSPK
JWCAF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	JWCAF
KHRNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	KHRNF
PBFFF	0.0	0.0		-0.23	0.0	0.0	0.25	0.19	-0.17	0.66	PBFFF
ANTCF	0.0	0.0	-0.23		0.0	0.0	0.1	0.42	0.29	-0.5	ANTCF
HEMP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HEMP
FWDG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FWDG
KAYS	0.0	0.0	0.25	0.1	0.0	0.0		0.16	-0.11	-0.1	KAYS
SHMN	0.0	0.0	0.19	0.42	0.0	0.0	0.16		0.22	-0.11	SHMN
LVRLF	0.0	0.0	-0.17	0.29	0.0	0.0	-0.11	0.22		-0.18	LVRLF
BSPK	0.0	0.0	0.66	-0.5	0.0	0.0	-0.1	-0.11	-0.18		BSPK
	JWCAF	KHRNF	PBFFF	ANTCF	HEMP	FWDG	KAYS	SHMN	LVRLF	BSPK

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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

BSPK	+ 0.66	PBFFF
SHMN	+ 0.42	ANTCF
LVRLF	+ 0.29	ANTCF
KAYS	+ 0.25	PBFFF
LVRLF	+ 0.22	SHMN
SHMN	+ 0.19	PBFFF

High negative correlations

BSPK	- 0.5	ANTCF
ANTCF	- 0.23	PBFFF
BSPK	- 0.18	LVRLF
LVRLF	- 0.17	PBFFF
BSPK	- 0.11	SHMN
LVRLF	- 0.11	KAYS

Risk-Adjusted Indicators

There is a big difference between EVIO Pink Sheet performing well and EVIO 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 EVIO'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
JWCAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KHRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBFFF	6.03	1.01	0.00	(0.28)	0.00	0.00	8.00	(19.54)	156.51
ANTCF	56.53	28.36	0.00	(1.07)	0.00	0.00	0.00	0.00	1,049
HEMP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FWDG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KAYS	9.17	0.94	0.07	0.89	10.23	(14.20)	30.50	(19.84)	78.32
SHMN	7.31	0.31	0.03	0.26	8.57	(15.57)	20.00	(16.67)	63.33
LVRLF	13.06	1.22	0.05	0.62	14.96	(30.18)	37.04	(35.56)	181.72
BSPK	5.86	0.86	0.03	2.12	8.96	(20.25)	27.27	(10.71)	78.85

Be your own money manager

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