Jackpot Digital Correlations

JPOTF Stock

USD 0.04 0 5.72%

The correlation of Jackpot Digital 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.

Jackpot Digital Correlation With Market

Average diversification

The correlation between Jackpot Digital and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jackpot Digital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jackpot OTC Stock

0.7	AAGH	America Great Health	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Jackpot OTC Stock

0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.65	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.58	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.57	STI	Solidion Technology Symbol Change	Pair Corr
0.54	WMT	Walmart Aggressive Push	Pair Corr
0.53	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.47	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	T	ATT Inc Aggressive Push	Pair Corr
0.38	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.33	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	ITMZF	PMKRF	EIHDF	RYWCF	CHDN	GAN	RSI	LTRY	PDYPY
ITMZF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	ITMZF
PMKRF	0.0		-0.4	0.0	0.22	0.53	0.25	-0.31	-0.17	PMKRF
EIHDF	0.0	-0.4		0.0	-0.11	-0.69	-0.66	0.71	-0.2	EIHDF
RYWCF	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RYWCF
CHDN	0.0	0.22	-0.11	0.0		0.3	0.23	-0.33	-0.07	CHDN
GAN	0.0	0.53	-0.69	0.0	0.3		0.74	-0.66	0.1	GAN
RSI	0.0	0.25	-0.66	0.0	0.23	0.74		-0.79	0.15	RSI
LTRY	0.0	-0.31	0.71	0.0	-0.33	-0.66	-0.79		-0.02	LTRY
PDYPY	0.0	-0.17	-0.2	0.0	-0.07	0.1	0.15	-0.02		PDYPY
	ITMZF	PMKRF	EIHDF	RYWCF	CHDN	GAN	RSI	LTRY	PDYPY

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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

RSI	+ 0.74	GAN
LTRY	+ 0.71	EIHDF
GAN	+ 0.53	PMKRF
GAN	+ 0.3	CHDN
RSI	+ 0.25	PMKRF
RSI	+ 0.23	CHDN

High negative correlations

RYWCF	- 1.0	ITMZF
LTRY	- 0.79	RSI
GAN	- 0.69	EIHDF
LTRY	- 0.66	GAN
RSI	- 0.66	EIHDF
EIHDF	- 0.4	PMKRF

Risk-Adjusted Indicators

There is a big difference between Jackpot OTC Stock performing well and Jackpot Digital 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 Jackpot Digital'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
ITMZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMKRF	0.71	0.01	0.00	0.11	0.00	0.00	0.00	(2.56)	22.60
EIHDF	0.93	(0.16)	0.00	(2.00)	0.00	0.00	2.20	0.00	20.93
RYWCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHDN	1.02	(0.07)	(0.04)	0.04	1.20	(1.14)	2.12	(2.15)	9.87
GAN	0.73	0.05	(0.01)	0.28	0.75	(1.30)	2.26	(1.66)	6.72
RSI	2.17	0.38	0.18	0.31	2.32	(2.51)	5.15	(4.33)	11.63
LTRY	4.70	(1.39)	0.00	(0.55)	0.00	0.00	8.00	(13.33)	34.30
PDYPY	1.48	(0.03)	(0.05)	0.00	1.88	(1.53)	2.53	(2.83)	9.24

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