Raise Production Correlations

GLKFF Stock

USD 0.30 0.00 0.00%

The current 90-days correlation between Raise Production and McPhy Energy SA is -0.02 (i.e., Good diversification). The correlation of Raise Production 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.

Raise Production Correlation With Market

Good diversification

The correlation between Raise Production and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raise Production and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Raise Pink Sheet

0.9	RLMD	Relmada Therapeutics	Pair Corr
0.87	REGN	Regeneron Pharmaceuticals	Pair Corr
0.75	GM	General Motors	Pair Corr
0.77	AKAM	Akamai Technologies	Pair Corr
0.78	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.75	DDS	Dillards,	Pair Corr
0.88	IDN	Intellicheck Mobilisa	Pair Corr
0.86	SHIP	Seanergy Maritime	Pair Corr
0.76	CM	Canadian Imperial Bank	Pair Corr
0.64	NOEM	CO2 Energy Transition	Pair Corr
0.79	DNLMY	Dunelm Group PLC	Pair Corr
0.82	APGE	Apogee Therapeutics,	Pair Corr

Moving against Raise Pink Sheet

0.38	12532HAF1	GIBACN 23 14	Pair Corr
0.35	SWRM	Appswarm	Pair Corr
0.47	RYSKF	Reysas Tasimacilik	Pair Corr

Related Correlations Analysis

	MPHYF	ROSN	CLGPF	XERI	BCCEF	GTMAY	NXHSF	NMHI	VIVC	HYEG
MPHYF		0.12	0.52	0.41	0.23	0.19	0.22	-0.31	-0.19	-0.01	MPHYF
ROSN	0.12		0.17	0.23	0.22	-0.04	0.13	0.44	0.04	0.23	ROSN
CLGPF	0.52	0.17		-0.13	-0.11	-0.2	0.63	-0.2	-0.64	0.19	CLGPF
XERI	0.41	0.23	-0.13		0.75	0.25	-0.4	0.04	0.43	-0.21	XERI
BCCEF	0.23	0.22	-0.11	0.75		0.32	-0.36	0.14	0.4	-0.31	BCCEF
GTMAY	0.19	-0.04	-0.2	0.25	0.32		-0.3	-0.49	0.21	-0.3	GTMAY
NXHSF	0.22	0.13	0.63	-0.4	-0.36	-0.3		-0.15	-0.7	0.48	NXHSF
NMHI	-0.31	0.44	-0.2	0.04	0.14	-0.49	-0.15		0.2	0.16	NMHI
VIVC	-0.19	0.04	-0.64	0.43	0.4	0.21	-0.7	0.2		-0.42	VIVC
HYEG	-0.01	0.23	0.19	-0.21	-0.31	-0.3	0.48	0.16	-0.42		HYEG
	MPHYF	ROSN	CLGPF	XERI	BCCEF	GTMAY	NXHSF	NMHI	VIVC	HYEG

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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

BCCEF	+ 0.75	XERI
NXHSF	+ 0.63	CLGPF
CLGPF	+ 0.52	MPHYF
HYEG	+ 0.48	NXHSF
NMHI	+ 0.44	ROSN
VIVC	+ 0.43	XERI

High negative correlations

VIVC	- 0.7	NXHSF
VIVC	- 0.64	CLGPF
NMHI	- 0.49	GTMAY
HYEG	- 0.42	VIVC
NXHSF	- 0.4	XERI
NXHSF	- 0.36	BCCEF

Risk-Adjusted Indicators

There is a big difference between Raise Pink Sheet performing well and Raise Production 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 Raise Production'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
MPHYF	26.86	14.76	0.00	(0.70)	0.00	0.00	0.00	0.00	900.00
ROSN	7.36	1.96	0.19	(0.50)	6.03	(13.76)	25.00	(12.23)	75.37
CLGPF	1.31	0.40	0.00	0.37	0.00	0.00	2.86	0.00	29.44
XERI	9.37	1.43	0.11	(0.53)	7.91	(17.57)	28.57	(12.50)	63.33
BCCEF	6.07	0.56	0.04	(0.41)	7.58	(10.04)	14.58	(17.78)	52.04
GTMAY	405.55	209.63	0.00	(9.97)	0.00	0.00	33.33	(5.80)	9,999
NXHSF	2.95	0.56	0.04	0.94	3.87	(12.76)	12.12	(6.38)	46.05
NMHI	10.92	0.14	0.02	0.11	11.79	(16.71)	16.67	(17.65)	128.57
VIVC	12.09	0.88	0.02	(1.00)	14.76	(37.12)	40.00	(33.33)	135.71
HYEG	15.68	3.58	0.15	(17.09)	14.08	(31.98)	59.60	(33.14)	137.30

Be your own money manager

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