HighCom Global Correlations
| HCGS Stock | USD 0.0002 0.00 0.00% |
The correlation of HighCom Global 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.
HighCom Global Correlation With Market
Very good diversification
The correlation between HighCom Global Security and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HighCom Global Security and DJI in the same portfolio, assuming nothing else is changed.
HighCom |
The ability to find closely correlated positions to HighCom Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HighCom Global 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 HighCom Global - 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 HighCom Global Security to buy it.
Moving against HighCom Pink Sheet
| 0.59 | MTNOF | MTN Group Limited | PairCorr |
| 0.54 | PSA-PJ | Public Storage | PairCorr |
| 0.48 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.44 | NPKI | NPK International | PairCorr |
| 0.41 | PILBF | Pilbara Minerals | PairCorr |
| 0.39 | WGO | Winnebago Industries | PairCorr |
| 0.34 | CET | Central Securities | PairCorr |
| 0.33 | BCO | Brinks Company | PairCorr |
| 0.31 | MSA | MSA Safety | PairCorr |
| 0.31 | EE | Excelerate Energy Earnings Call This Week | PairCorr |
| 0.65 | MDDVF | Medical Developments | PairCorr |
| 0.6 | INTC | Intel Aggressive Push | PairCorr |
| 0.51 | ELTLF | Elementos Limited | PairCorr |
| 0.47 | LSIIF | Lisi SA | PairCorr |
| 0.45 | ASML | ASML Holding NV | PairCorr |
| 0.44 | HEPS | D MARKET Electronic | PairCorr |
| 0.4 | JPM-PD | JPMorgan Chase | PairCorr |
| 0.36 | SRXXF | SPARX Group | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between HighCom Pink Sheet performing well and HighCom Global 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 HighCom Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WOAM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LNGT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGLS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UITA | 8.88 | 3.57 | 0.00 | (6.06) | 0.00 | 0.00 | 266.67 | |||
| GRNH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MGTC | 3.10 | 1.59 | 0.00 | (65.95) | 0.00 | 0.00 | 55.56 | |||
| PERL | 2.98 | 1.43 | 0.00 | 1.52 | 0.00 | 0.00 | 100.00 | |||
| ABPR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EAWD | 10.41 | 2.35 | 0.00 | (0.71) | 0.00 | 0.00 | 230.00 | |||
| SBDG | 2.08 | 0.49 | 0.00 | (0.24) | 0.00 | 0.00 | 64.11 |
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