Hawkeye Systems Correlations

HWKE Stock

USD 0.10 0.03 33.33%

The current 90-days correlation between Hawkeye Systems and Gold Rock Holdings is -0.02 (i.e., Good diversification). The correlation of Hawkeye Systems 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.

Hawkeye Systems Correlation With Market

Average diversification

The correlation between Hawkeye Systems and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hawkeye Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hawkeye OTC Stock

0.66	JD	JD Inc Adr	Pair Corr
0.63	KTRIF	KTRIF	Pair Corr
0.61	BASE	Couchbase	Pair Corr

Moving against Hawkeye OTC Stock

0.75	ACN	Accenture plc	Pair Corr
0.73	VWAGY	Volkswagen AG 110	Pair Corr
0.71	VLKAF	Volkswagen AG	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr
0.47	RTX	Raytheon Technologies	Pair Corr
0.71	TORO	Toro	Pair Corr
0.68	VLKPF	Volkswagen AG VZO	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.65	DNGFF	Dongfang ElectricLimited	Pair Corr
0.62	DGWR	Critic Clothing	Pair Corr
0.61	TPB	Turning Point Brands	Pair Corr
0.58	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.56	DC	Dakota Gold Corp	Pair Corr
0.53	URBN	Urban Outfitters	Pair Corr
0.49	PFE	Pfizer Inc	Pair Corr
0.48	GPAEF	Grupo Aeroportuario del	Pair Corr
0.47	FEMY	Femasys	Pair Corr
0.41	BHC	Bausch Health Companies	Pair Corr
0.77	HIRU	Hiru	Pair Corr
0.76	CM	Canadian Imperial Bank	Pair Corr
0.7	GDYN	Grid Dynamics Holdings	Pair Corr
0.58	RIVN	Rivian Automotive Aggressive Push	Pair Corr

Related Correlations Analysis

	GBLTF	LLLI	GRHI	PTNYF	UNDR	ENEVF	TTHG	RAKR	VIZC	BSTK
GBLTF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	GBLTF
LLLI	0.0		-0.52	0.0	0.39	-0.21	0.19	0.12	0.12	0.21	LLLI
GRHI	0.0	-0.52		0.0	-0.36	0.13	-0.55	0.05	0.01	-0.16	GRHI
PTNYF	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PTNYF
UNDR	0.0	0.39	-0.36	0.0		-0.28	0.21	0.27	0.07	-0.18	UNDR
ENEVF	0.0	-0.21	0.13	0.0	-0.28		-0.17	-0.83	-0.08	0.34	ENEVF
TTHG	0.0	0.19	-0.55	0.0	0.21	-0.17		-0.04	0.07	0.09	TTHG
RAKR	0.0	0.12	0.05	0.0	0.27	-0.83	-0.04		0.14	-0.16	RAKR
VIZC	0.0	0.12	0.01	0.0	0.07	-0.08	0.07	0.14		0.06	VIZC
BSTK	0.0	0.21	-0.16	0.0	-0.18	0.34	0.09	-0.16	0.06		BSTK
	GBLTF	LLLI	GRHI	PTNYF	UNDR	ENEVF	TTHG	RAKR	VIZC	BSTK

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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

UNDR	+ 0.39	LLLI
BSTK	+ 0.34	ENEVF
RAKR	+ 0.27	UNDR
BSTK	+ 0.21	LLLI
TTHG	+ 0.21	UNDR
TTHG	+ 0.19	LLLI

High negative correlations

PTNYF	- 1.0	GBLTF
RAKR	- 0.83	ENEVF
TTHG	- 0.55	GRHI
GRHI	- 0.52	LLLI
UNDR	- 0.36	GRHI
ENEVF	- 0.28	UNDR

Risk-Adjusted Indicators

There is a big difference between Hawkeye OTC Stock performing well and Hawkeye Systems OTC Stock 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 Hawkeye Systems' 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
GBLTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LLLI	7.10	0.71	0.04	(0.22)	7.86	(14.31)	23.91	(15.00)	52.48
GRHI	13.61	3.57	0.07	(0.64)	14.25	(93.00)	100.00	(50.00)	174.55
PTNYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UNDR	68.73	34.87	0.00	(0.82)	0.00	0.00	0.00	0.00	2,396
ENEVF	4.10	1.43	0.17	(61.35)	2.51	(16.46)	14.58	(7.69)	66.34
TTHG	1.10	0.11	0.00	(0.01)	0.00	0.00	0.00	0.00	63.03
RAKR	6.00	(0.56)	0.00	(0.77)	0.00	0.00	12.25	(13.19)	44.10
VIZC	28.11	7.83	0.13	(0.39)	22.30	(90.91)	100.00	(50.00)	150.00
BSTK	3.59	0.88	0.00	0.79	0.00	0.00	8.33	(7.69)	100.00

Be your own money manager

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