4imprint Group Correlations

FRRFF Stock

USD 64.47 0.00 0.00%

The current 90-days correlation between 4imprint Group plc and Inuvo Inc is -0.02 (i.e., Good diversification). The correlation of 4imprint Group 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.

4imprint Group Correlation With Market

Significant diversification

The correlation between 4imprint Group plc and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 4imprint Group plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 4imprint Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 4imprint Group 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 4imprint Group - 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 4imprint Group plc to buy it.

Moving together with 4imprint Pink Sheet

0.65

VNTN

VentureNet Capital

Pair Corr

Moving against 4imprint Pink Sheet

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0.55	WPP	WPP PLC ADR	Pair Corr
0.54	WPPGF	WPP plc	Pair Corr
0.45	OMC	Omnicom Group	Pair Corr
0.45	CHH	Choice Hotels Intern	Pair Corr
0.41	CYGIY	CyberAgent ADR	Pair Corr
0.33	RIOT	Riot Blockchain	Pair Corr
0.83	MRVGF	Mirvac Group	Pair Corr
0.7	APLD	Applied Blockchain	Pair Corr
0.61	VRT	Vertiv Holdings	Pair Corr
0.55	CEG	Constellation Energy Corp Buyout Trend	Pair Corr
0.53	MSFT	Microsoft Aggressive Push	Pair Corr
0.53	ADSK	Autodesk	Pair Corr
0.53	LUMN	Lumen Technologies	Pair Corr
0.52	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.48	NDAQ	Nasdaq Inc	Pair Corr
0.47	CRMD	CorMedix	Pair Corr
0.46	AXON	Axon Enterprise	Pair Corr
0.41	CQP	Cheniere Energy Partners	Pair Corr
0.41	IONQ	IONQ Inc	Pair Corr
0.39	NVDA	NVIDIA	Pair Corr
0.31	TBBK	Bancorp Normal Trading	Pair Corr

Related Correlations Analysis

	INUV	CMGR	PVSP	MMDDF	NWCN	KLTI	CMGO	BYOC	MMND
INUV		-0.18	-0.48	0.64	-0.23	0.0	-0.37	-0.29	0.56	INUV
CMGR	-0.18		0.01	-0.1	-0.01	0.0	0.22	-0.01	-0.11	CMGR
PVSP	-0.48	0.01		-0.27	0.5	0.0	0.08	0.26	-0.57	PVSP
MMDDF	0.64	-0.1	-0.27		-0.37	0.0	-0.28	-0.38	0.72	MMDDF
NWCN	-0.23	-0.01	0.5	-0.37		0.0	-0.13	0.19	-0.56	NWCN
KLTI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KLTI
CMGO	-0.37	0.22	0.08	-0.28	-0.13	0.0		0.0	-0.17	CMGO
BYOC	-0.29	-0.01	0.26	-0.38	0.19	0.0	0.0		-0.37	BYOC
MMND	0.56	-0.11	-0.57	0.72	-0.56	0.0	-0.17	-0.37		MMND
	INUV	CMGR	PVSP	MMDDF	NWCN	KLTI	CMGO	BYOC	MMND

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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

MMND	+ 0.72	MMDDF
MMDDF	+ 0.64	INUV
MMND	+ 0.56	INUV
NWCN	+ 0.5	PVSP
BYOC	+ 0.26	PVSP
CMGO	+ 0.22	CMGR

High negative correlations

MMND	- 0.57	PVSP
MMND	- 0.56	NWCN
PVSP	- 0.48	INUV
BYOC	- 0.38	MMDDF
MMND	- 0.37	BYOC
NWCN	- 0.37	MMDDF

Risk-Adjusted Indicators

There is a big difference between 4imprint Pink Sheet performing well and 4imprint Group 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 4imprint Group'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
INUV	3.44	(0.05)	0.00	0.09	3.82	(6.11)	8.33	(7.41)	19.11
CMGR	28.79	6.99	0.17	0.75	20.78	(87.50)	100.00	(50.00)	150.00
PVSP	7.38	1.10	0.00	0.97	0.00	0.00	50.00	(33.33)	83.33
MMDDF	2.70	(1.16)	0.00	0.70	0.00	0.00	0.00	0.00	49.21
NWCN	107.30	61.87	1.26	(2.66)	25.70	(165.50)	233.33	(56.25)	1,729
KLTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMGO	7.16	0.75	0.05	0.49	8.52	(19.19)	28.57	(18.52)	68.57
BYOC	30.30	8.67	0.17	2.65	21.30	(100.00)	100.00	(50.00)	150.00
MMND	4.52	0.65	0.00	(0.06)	7.91	(37.50)	20.00	(20.00)	124.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in 4imprint Group 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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