Gemz Corp Correlations

GMZP Stock

USD 0.0002 0.0001 33.33%

The current 90-days correlation between Gemz Corp and Hypertension Diagnostics is 0.11 (i.e., Average diversification). The correlation of Gemz 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. If the correlation is 0, the equities are not correlated; they are entirely random.

The ability to find closely correlated positions to Gemz 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 Gemz 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 Gemz 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 Gemz Corp to buy it.

Moving together with Gemz Pink Sheet

0.73	AA	Alcoa Corp	Pair Corr
0.65	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.64	TRV	The Travelers Companies	Pair Corr
0.68	HPQ	HP Inc	Pair Corr

Moving against Gemz Pink Sheet

0.68	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.58	BA	Boeing	Pair Corr
0.48	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.48	META	Meta Platforms Aggressive Push	Pair Corr
0.47	MNPR	Monopar Therapeutics	Pair Corr
0.36	LION	Lionsgate Studios Corp	Pair Corr
0.44	MMM	3M Company	Pair Corr
0.33	AXP	American Express	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	AWON	XTPT	HDII	BOPO	NGCG	ADERW	ADHI	RGLG	MBGH	PRDL
AWON		-0.29	-0.04	0.0	0.66	-0.29	0.55	-0.07	0.6	0.07	AWON
XTPT	-0.29		0.04	0.0	-0.52	0.68	-0.21	0.51	-0.52	-0.2	XTPT
HDII	-0.04	0.04		0.0	0.02	0.17	0.15	-0.04	-0.08	0.04	HDII
BOPO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BOPO
NGCG	0.66	-0.52	0.02	0.0		-0.55	0.56	-0.08	0.6	0.13	NGCG
ADERW	-0.29	0.68	0.17	0.0	-0.55		-0.13	0.18	-0.46	-0.17	ADERW
ADHI	0.55	-0.21	0.15	0.0	0.56	-0.13		0.03	0.4	-0.01	ADHI
RGLG	-0.07	0.51	-0.04	0.0	-0.08	0.18	0.03		-0.22	-0.11	RGLG
MBGH	0.6	-0.52	-0.08	0.0	0.6	-0.46	0.4	-0.22		0.06	MBGH
PRDL	0.07	-0.2	0.04	0.0	0.13	-0.17	-0.01	-0.11	0.06		PRDL
	AWON	XTPT	HDII	BOPO	NGCG	ADERW	ADHI	RGLG	MBGH	PRDL

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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

ADERW	+ 0.68	XTPT
NGCG	+ 0.66	AWON
MBGH	+ 0.6	AWON
MBGH	+ 0.6	NGCG
ADHI	+ 0.56	NGCG
ADHI	+ 0.55	AWON

High negative correlations

ADERW	- 0.55	NGCG
MBGH	- 0.52	XTPT
NGCG	- 0.52	XTPT
MBGH	- 0.46	ADERW
ADERW	- 0.29	AWON
XTPT	- 0.29	AWON

Risk-Adjusted Indicators

There is a big difference between Gemz Pink Sheet performing well and Gemz 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 Gemz 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
AWON	9.75	0.25	0.00	0.05	0.00	0.00	18.75	(16.67)	82.42
XTPT	5.31	1.00	0.11	3.24	5.27	(8.34)	13.33	(9.09)	34.81
HDII	10.63	2.66	0.00	(2.82)	0.00	0.00	35.48	(23.53)	74.46
BOPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NGCG	10.43	0.07	0.01	0.13	10.98	(23.20)	33.33	(22.22)	68.57
ADERW	17.23	4.35	0.19	3.08	16.23	(21.01)	46.33	(35.35)	100.96
ADHI	8.42	1.76	0.03	(0.16)	10.93	(35.89)	33.96	(24.48)	170.82
RGLG	15.90	4.08	0.13	2.74	13.87	(62.47)	67.65	(25.75)	237.17
MBGH	3.48	(0.05)	0.00	(0.11)	0.00	0.00	11.11	(10.00)	61.67
PRDL	20.11	4.43	0.10	3.89	16.96	(87.50)	100.00	(50.00)	250.00

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