Keweenaw Land Correlations

KEWL Stock

USD 37.52 0.48 1.26%

The current 90-days correlation between Keweenaw Land Association and Anglo American plc is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Keweenaw Land moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keweenaw Land Association moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Keweenaw Land Correlation With Market

Good diversification

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

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

Moving together with Keweenaw Pink Sheet

0.65

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Moving against Keweenaw Pink Sheet

0.46	PCTTW	PureCycle Technologies	Pair Corr
0.44	GCMGW	GCM Grosvenor	Pair Corr
0.62	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.6	MSFT	Microsoft	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.56	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.54	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.46	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.45	WMT	Walmart Aggressive Push	Pair Corr
0.42	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.39	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.37	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	AAUKF	GLNCY	FSUGY	SHTLF	SOUHY	NEXA	MTRN	LGO	SKE	SLI
AAUKF		0.67	0.63	0.64	0.7	0.6	0.13	0.65	0.23	0.63	AAUKF
GLNCY	0.67		0.79	0.34	0.51	0.24	-0.21	0.27	0.18	0.3	GLNCY
FSUGY	0.63	0.79		0.63	0.84	0.64	-0.22	0.34	0.54	0.59	FSUGY
SHTLF	0.64	0.34	0.63		0.85	0.87	-0.03	0.63	0.58	0.85	SHTLF
SOUHY	0.7	0.51	0.84	0.85		0.88	-0.04	0.55	0.61	0.77	SOUHY
NEXA	0.6	0.24	0.64	0.87	0.88		0.03	0.62	0.7	0.87	NEXA
MTRN	0.13	-0.21	-0.22	-0.03	-0.04	0.03		0.26	-0.33	-0.07	MTRN
LGO	0.65	0.27	0.34	0.63	0.55	0.62	0.26		0.41	0.74	LGO
SKE	0.23	0.18	0.54	0.58	0.61	0.7	-0.33	0.41		0.71	SKE
SLI	0.63	0.3	0.59	0.85	0.77	0.87	-0.07	0.74	0.71		SLI
	AAUKF	GLNCY	FSUGY	SHTLF	SOUHY	NEXA	MTRN	LGO	SKE	SLI

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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

NEXA	+ 0.88	SOUHY
NEXA	+ 0.87	SHTLF
SLI	+ 0.87	NEXA
SOUHY	+ 0.85	SHTLF
SLI	+ 0.85	SHTLF
SOUHY	+ 0.84	FSUGY

High negative correlations

SKE	- 0.33	MTRN
MTRN	- 0.22	FSUGY
MTRN	- 0.21	GLNCY
SLI	- 0.07	MTRN
MTRN	- 0.04	SOUHY
MTRN	- 0.03	SHTLF

Risk-Adjusted Indicators

There is a big difference between Keweenaw Pink Sheet performing well and Keweenaw Land 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 Keweenaw Land'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
AAUKF	1.33	0.06	(0.02)	(0.54)	1.90	(3.18)	3.66	(2.98)	20.87
GLNCY	1.51	(0.09)	0.00	0.34	0.00	0.00	3.22	(4.20)	12.80
FSUGY	1.86	0.02	(0.02)	0.16	2.43	(1.90)	3.88	(5.13)	12.51
SHTLF	1.75	0.34	0.04	1.16	1.96	(4.84)	4.80	(5.15)	25.51
SOUHY	1.77	0.27	0.11	0.59	1.77	(2.06)	4.88	(3.14)	11.68
NEXA	1.69	0.21	0.06	1.13	1.77	(1.83)	3.58	(2.92)	8.62
MTRN	1.92	(0.21)	(0.01)	0.03	3.00	(1.90)	4.21	(2.83)	16.91
LGO	3.57	0.01	0.03	0.13	3.18	(5.59)	10.70	(4.71)	25.32
SKE	2.28	0.33	0.07	(2.53)	2.55	(2.84)	4.99	(2.97)	20.96
SLI	5.41	0.65	0.12	0.66	5.15	(6.95)	14.53	(8.93)	35.90

Be your own money manager

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