Global Warming Correlations
| GWSO Stock | USD 1.35 0.20 12.90% |
The current 90-days correlation between Global Warming Solut and Garmin is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Warming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Warming Solut moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Global Warming Correlation With Market
Significant diversification
The correlation between Global Warming Solut and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Warming Solut and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Global Warming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Warming 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 Global Warming - 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 Global Warming Solut to buy it.
Moving together with Global Pink Sheet
| 0.86 | GRMN | Garmin | PairCorr |
| 0.82 | TDY | Teledyne Technologies Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | TRMB | Trimble | PairCorr |
| 0.76 | SOFI | SoFi Technologies | PairCorr |
| 0.77 | MSTR | MicroStrategy Incorporated | PairCorr |
| 0.69 | NVDA | NVIDIA | PairCorr |
| 0.75 | KTB | Kontoor Brands | PairCorr |
| 0.71 | GOOG | Alphabet Class C | PairCorr |
| 0.78 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.85 | FDP | Fresh Del Monte | PairCorr |
| 0.66 | CRS | Carpenter Technology | PairCorr |
| 0.8 | DORM | Dorman Products | PairCorr |
| 0.71 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | IONQ | IONQ Inc Trending | PairCorr |
| 0.89 | SECYF | Secure Energy Services | PairCorr |
| 0.66 | ET | Energy Transfer LP | PairCorr |
| 0.85 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.81 | APH | Amphenol Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.74 | PLTR | Palantir Technologies | PairCorr |
| 0.61 | 55607PAE5 | MQGAU 5376057 23 | PairCorr |
| 0.66 | FUND | Sprott Focus Trust | PairCorr |
Moving against Global Pink Sheet
| 0.69 | HXGBY | Hexagon AB ADR | PairCorr |
| 0.67 | WETH | Wetouch Technology Common | PairCorr |
| 0.65 | KYCCF | Keyence | PairCorr |
| 0.55 | NSFDF | NXT Energy Solutions | PairCorr |
| 0.54 | HXGBF | Hexagon AB Tech Boost | PairCorr |
| 0.44 | ZTLLF | Zonetail | PairCorr |
| 0.37 | IQ | iQIYI Inc | PairCorr |
Related Correlations Analysis
| 0.64 | 0.03 | 0.78 | 0.9 | 0.57 | GRMN | ||
| 0.64 | 0.61 | 0.65 | 0.81 | 0.72 | KEYS | ||
| 0.03 | 0.61 | 0.06 | 0.3 | 0.27 | FTV | ||
| 0.78 | 0.65 | 0.06 | 0.85 | 0.77 | TDY | ||
| 0.9 | 0.81 | 0.3 | 0.85 | 0.76 | TRMB | ||
| 0.57 | 0.72 | 0.27 | 0.77 | 0.76 | COHR | ||
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Risk-Adjusted Indicators
There is a big difference between Global Pink Sheet performing well and Global Warming 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 Global Warming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRMN | 1.31 | 0.30 | 0.21 | 0.36 | 1.11 | 2.45 | 26.46 | |||
| KEYS | 1.39 | 0.08 | 0.05 | 0.07 | 1.52 | 3.44 | 11.46 | |||
| FTV | 0.90 | (0.04) | 0.00 | (0.02) | 0.00 | 1.91 | 6.52 | |||
| TDY | 0.90 | 0.08 | 0.09 | 0.12 | 0.82 | 2.31 | 8.10 | |||
| TRMB | 1.28 | 0.27 | 0.21 | 0.13 | 1.07 | 2.35 | 20.46 | |||
| COHR | 2.49 | 0.35 | 0.11 | 0.24 | 2.85 | 6.26 | 16.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Warming 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.Did you try this?
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