Jacksam Correlations
| JKSM Stock | USD 0.0003 0.0002 200.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jacksam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jacksam moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jacksam Correlation With Market
Very weak diversification
The correlation between Jacksam and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacksam and DJI in the same portfolio, assuming nothing else is changed.
Jacksam |
The ability to find closely correlated positions to Jacksam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jacksam 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 Jacksam - 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 Jacksam to buy it.
Moving together with Jacksam Pink Sheet
| 0.68 | GEV | GE Vernova LLC | PairCorr |
| 0.62 | ETN | Eaton PLC Sell-off Trend | PairCorr |
| 0.62 | PH | Parker Hannifin | PairCorr |
| 0.72 | SBGSY | Schneider Electric | PairCorr |
| 0.68 | SBGSF | Schneider Electric | PairCorr |
| 0.79 | ITW | Illinois Tool Works | PairCorr |
| 0.66 | CYD | China Yuchai Interna | PairCorr |
| 0.78 | AES | AES Aggressive Push | PairCorr |
| 0.67 | TLOFF | Talon Metals Corp | PairCorr |
Moving against Jacksam Pink Sheet
| 0.37 | BAM | Brookfield Asset Man Normal Trading | 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 Jacksam Pink Sheet performing well and Jacksam 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 Jacksam'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFRY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HYHY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFRMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CDIIQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AXPWQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STWC | 8.95 | 4.78 | 0.00 | (1.11) | 0.00 | 0.00 | 300.00 | |||
| GFCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCNO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ESNC | 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 Jacksam 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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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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