Kaspien Holdings Correlations
| KSPNDelisted Stock | USD 0.25 0.01 4.17% |
The current 90-days correlation between Kaspien Holdings and Quoin Pharmaceuticals Ltd is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kaspien Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kaspien Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kaspien Holdings Correlation With Market
Modest diversification
The correlation between Kaspien Holdings and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kaspien Holdings and DJI in the same portfolio, assuming nothing else is changed.
Kaspien |
The ability to find closely correlated positions to Kaspien Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kaspien Holdings 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 Kaspien Holdings - 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 Kaspien Holdings to buy it.
Moving together with Kaspien Pink Sheet
| 0.69 | AAGH | America Great Health | PairCorr |
| 0.71 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.83 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.83 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Kaspien Pink Sheet
| 0.81 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.71 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
| 0.55 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.55 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.5 | STI | Solidion Technology Symbol Change | PairCorr |
| 0.46 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.43 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.41 | HPQ | HP Inc | PairCorr |
| 0.4 | T | ATT Inc Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Kaspien Pink Sheet performing well and Kaspien Holdings 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 Kaspien Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QNRX | 6.20 | 0.30 | 0.05 | 0.30 | 6.79 | 17.65 | 74.46 | |||
| ILAG | 3.22 | 0.08 | 0.03 | 0.17 | 4.02 | 8.49 | 35.66 | |||
| CMRA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| REVB | 3.65 | (0.83) | 0.00 | (0.30) | 0.00 | 8.97 | 34.52 | |||
| VRAX | 5.88 | (1.00) | 0.00 | 2.57 | 0.00 | 9.65 | 61.28 |
Kaspien Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kaspien Holdings pink sheet to make a market-neutral strategy. Peer analysis of Kaspien Holdings could also be used in its relative valuation, which is a method of valuing Kaspien Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kaspien Holdings Corporate Management
| Lisa Wideman | Chief Officer | Profile | |
| Mitchell Bailey | Chief Officer | Profile | |
| Brock Kowalchuk | Interim Officer | Profile | |
| Keri Rhodes | Marketing Director | Profile | |
| Scott Allen | Chief Staff | Profile | |
| Edwin Sapienza | Sec, CFO | Profile |
Still Interested in Kaspien Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.