Sharc International Correlations

INTWF Stock

USD 0.06 0.01 8.33%

The current 90-days correlation between Sharc International and Beyond Medical Technologies is -0.23 (i.e., Very good diversification). The correlation of Sharc International 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.

Sharc International Correlation With Market

Good diversification

The correlation between Sharc International Systems and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharc International Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sharc OTC Stock

0.65

FSS

Federal Signal

Pair Corr

Moving against Sharc OTC Stock

0.64	KTWIF	Kurita Water Industries	Pair Corr
0.62	KTWIY	Kurita Water Industries	Pair Corr
0.56	CCVTF	China Conch Venture	Pair Corr
0.52	ATMU	Atmus Filtration Tec	Pair Corr
0.47	BRK-A	Berkshire Hathaway	Pair Corr
0.62	TPB	Turning Point Brands	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.58	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.54	TGS	Transportadora de Gas	Pair Corr
0.53	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.5	EGP	EastGroup Properties	Pair Corr
0.48	FEMY	Femasys	Pair Corr
0.46	SPGI	SP Global	Pair Corr
0.45	KODK	Eastman Kodak	Pair Corr
0.39	HIRU	Hiru	Pair Corr
0.37	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.69	DGWR	Critic Clothing	Pair Corr
0.61	LMND	Lemonade	Pair Corr
0.52	CM	Canadian Imperial Bank	Pair Corr
0.38	ATRO	Astronics	Pair Corr
0.36	ADC	Agree Realty	Pair Corr
0.35	CPAC	Cementos Pacasmayo SAA	Pair Corr

Related Correlations Analysis

	BNET	DOCKF	ETCC	QUTIF	CHSTY	PRBCF	EFTI	UCIX	AWAW	ALXXF
BNET		0.25	-0.39	-0.02	-0.15	0.0	0.0	0.26	-0.18	-0.39	BNET
DOCKF	0.25		-0.18	0.38	0.02	0.0	0.0	0.03	-0.04	-0.28	DOCKF
ETCC	-0.39	-0.18		-0.49	0.5	0.0	0.0	-0.71	0.34	0.87	ETCC
QUTIF	-0.02	0.38	-0.49		-0.29	0.0	0.0	0.36	-0.42	-0.49	QUTIF
CHSTY	-0.15	0.02	0.5	-0.29		0.0	0.0	-0.35	0.14	0.45	CHSTY
PRBCF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PRBCF
EFTI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EFTI
UCIX	0.26	0.03	-0.71	0.36	-0.35	0.0	0.0		-0.53	-0.53	UCIX
AWAW	-0.18	-0.04	0.34	-0.42	0.14	0.0	0.0	-0.53		0.12	AWAW
ALXXF	-0.39	-0.28	0.87	-0.49	0.45	0.0	0.0	-0.53	0.12		ALXXF
	BNET	DOCKF	ETCC	QUTIF	CHSTY	PRBCF	EFTI	UCIX	AWAW	ALXXF

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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

ALXXF	+ 0.87	ETCC
CHSTY	+ 0.5	ETCC
ALXXF	+ 0.45	CHSTY
QUTIF	+ 0.38	DOCKF
UCIX	+ 0.36	QUTIF
AWAW	+ 0.34	ETCC

High negative correlations

UCIX	- 0.71	ETCC
ALXXF	- 0.53	UCIX
AWAW	- 0.53	UCIX
ALXXF	- 0.49	QUTIF
QUTIF	- 0.49	ETCC
AWAW	- 0.42	QUTIF

Risk-Adjusted Indicators

There is a big difference between Sharc OTC Stock performing well and Sharc International 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 Sharc International'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
BNET	7.98	0.31	0.02	0.51	9.24	(14.22)	21.43	(15.79)	72.86
DOCKF	25.78	7.64	0.15	0.81	18.10	(128.96)	93.33	(48.00)	351.72
ETCC	2.59	0.47	0.11	(0.94)	2.43	(4.52)	7.48	(5.52)	15.22
QUTIF	2.31	0.40	0.00	(0.10)	0.00	0.00	0.00	0.00	72.35
CHSTY	1.01	0.54	0.00	(1.05)	0.00	0.00	0.00	0.00	33.81
PRBCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EFTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UCIX	19.16	2.96	0.05	(0.44)	21.25	(65.72)	70.00	(52.73)	195.35
AWAW	26.42	10.07	0.25	1.92	19.34	(53.09)	77.78	(50.00)	279.49
ALXXF	1.47	0.40	0.00	0.42	0.00	0.00	0.00	0.00	48.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sharc International 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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Sharc International Corporate Management

Elected by the shareholders, the Sharc International's board of directors comprises two types of representatives: Sharc International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sharc. The board's role is to monitor Sharc International's management team and ensure that shareholders' interests are well served. Sharc International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sharc International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mike Tanyi	Director IT	Profile
Matt CPA	Chief Officer	Profile
Jodi Guthrie	Director Sales	Profile
Hanspaul Pannu	CFO Sec	Profile
John Williams	Advisor	Profile

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