IWallet Correlations

IWAL Stock

USD 0.01 0.01 34.45%

The current 90-days correlation between iWallet and Kronos Advanced Technologies is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IWallet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iWallet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IWallet Correlation With Market

Significant diversification

The correlation between iWallet and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iWallet and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IWallet Pink Sheet

0.82	ALLE	Allegion PLC	Pair Corr
0.77	SOMLF	SECOM LTD	Pair Corr
0.69	MSA	MSA Safety	Pair Corr
0.74	REZI	Resideo Technologies	Pair Corr

Moving against IWallet Pink Sheet

0.79	LNDNF	Lundin Energy AB	Pair Corr
0.76	SCTBF	Securitas AB	Pair Corr
0.69	ASAZY	Assa Abloy AB	Pair Corr
0.67	SECU-B	Securitas AB	Pair Corr
0.66	OODH	Orion Diversified Holding	Pair Corr
0.59	ASAZF	ASSA ABLOY AB	Pair Corr
0.34	PFE	Pfizer Inc	Pair Corr
0.85	TGS	Transportadora de Gas	Pair Corr
0.82	TXMD	TherapeuticsMD	Pair Corr
0.67	TPB	Turning Point Brands	Pair Corr
0.66	FBKIF	First International Bank	Pair Corr
0.52	MNRO	Monro Muffler Brake	Pair Corr
0.39	TEL	TE Connectivity	Pair Corr
0.38	SPOI	SPO Networks	Pair Corr
0.34	XCUR	Exicure	Pair Corr
0.86	NAUT	Nautilus Biotechnology	Pair Corr
0.86	LMND	Lemonade	Pair Corr
0.84	TGI	Triumph Group	Pair Corr
0.81	AER	AerCap Holdings NV	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.74	BORR	Borr Drilling	Pair Corr
0.71	ATRO	Astronics	Pair Corr
0.69	RIVN	Rivian Automotive Sell-off Trend	Pair Corr

Related Correlations Analysis

	GRDAF	KNOS	RJDG	BLIS	PRPI	DEWY	NEXD	AIMH	CAPC	ECEZ
GRDAF		0.05	0.11	-0.39	-0.28	0.0	0.11	0.03	0.11	0.05	GRDAF
KNOS	0.05		0.41	-0.5	-0.36	0.0	0.21	0.26	0.15	0.01	KNOS
RJDG	0.11	0.41		-0.66	-0.75	0.0	0.69	0.62	0.68	0.17	RJDG
BLIS	-0.39	-0.5	-0.66		0.76	0.0	-0.74	-0.62	-0.57	-0.05	BLIS
PRPI	-0.28	-0.36	-0.75	0.76		0.0	-0.76	-0.67	-0.76	-0.17	PRPI
DEWY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	DEWY
NEXD	0.11	0.21	0.69	-0.74	-0.76	0.0		0.72	0.61	0.16	NEXD
AIMH	0.03	0.26	0.62	-0.62	-0.67	0.0	0.72		0.64	0.29	AIMH
CAPC	0.11	0.15	0.68	-0.57	-0.76	0.0	0.61	0.64		0.16	CAPC
ECEZ	0.05	0.01	0.17	-0.05	-0.17	0.0	0.16	0.29	0.16		ECEZ
	GRDAF	KNOS	RJDG	BLIS	PRPI	DEWY	NEXD	AIMH	CAPC	ECEZ

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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

PRPI	+ 0.76	BLIS
AIMH	+ 0.72	NEXD
NEXD	+ 0.69	RJDG
CAPC	+ 0.68	RJDG
CAPC	+ 0.64	AIMH
AIMH	+ 0.62	RJDG

High negative correlations

CAPC	- 0.76	PRPI
NEXD	- 0.76	PRPI
PRPI	- 0.75	RJDG
NEXD	- 0.74	BLIS
AIMH	- 0.67	PRPI
BLIS	- 0.66	RJDG

Risk-Adjusted Indicators

There is a big difference between IWallet Pink Sheet performing well and IWallet 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 IWallet'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
GRDAF	10.76	1.88	0.11	(0.42)	11.48	(14.75)	38.68	(23.71)	73.48
KNOS	10.00	1.07	0.08	(3.05)	9.76	(14.26)	25.81	(16.22)	104.89
RJDG	4.21	0.04	0.00	0.02	0.00	0.00	13.56	(11.43)	46.79
BLIS	72.88	46.51	1.12	(0.25)	18.37	(133.37)	42.86	(30.00)	2,435
PRPI	2.23	0.94	0.00	(3.98)	0.00	0.00	0.00	0.00	46.58
DEWY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEXD	5.27	(0.06)	0.00	0.04	11.45	(43.57)	7.14	(10.91)	192.86
AIMH	7.10	(0.13)	0.00	0.01	10.15	(13.80)	21.43	(23.29)	67.51
CAPC	10.86	(0.07)	0.00	0.04	11.08	(16.41)	29.03	(21.05)	117.05
ECEZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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