Loans4LessCom Correlations

Pink Sheets . USA . 
Stock . Loans4LessCom
LFLS Stock  USD 0.07  0.00  0.00%   
The current 90-days correlation between Loans4LessCom and Quinsam Capital Corp is 0.01 (i.e., Significant diversification). The correlation of Loans4LessCom 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Loans4LessCom Correlation With Market

Very good diversification

The correlation between Loans4LessCom and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loans4LessCom and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Loans4LessCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loans4LessCom 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 Loans4LessCom - 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 Loans4LessCom to buy it.

Moving together with Loans4LessCom Pink Sheet

  0.79COOP Mr Cooper GroupPairCorr
  0.84SMFG Sumitomo Mitsui FinancialPairCorr
  0.83SMFNF Sumitomo Mitsui FinancialPairCorr
  0.63KB KB Financial GroupPairCorr
  0.77MFG Mizuho FinancialPairCorr
  0.65MZHOF Mizuho FinancialPairCorr
  0.61SHG Shinhan FinancialPairCorr
  0.75BORR Borr DrillingPairCorr
  0.64GDYN Grid Dynamics HoldingsPairCorr
  0.89JNJ Johnson Johnson Sell-off TrendPairCorr
  0.78AER AerCap Holdings NVPairCorr
  0.61SPGI SP GlobalPairCorr
  0.85NAUT Nautilus BiotechnologyPairCorr
  0.76DNGFF Dongfang ElectricLimitedPairCorr
  0.65NGENF NervGen Pharma CorpPairCorr
  0.7TGS Transportadora de GasPairCorr
  0.76TGI Triumph GroupPairCorr
  0.74ATRO AstronicsPairCorr

Moving against Loans4LessCom Pink Sheet

  0.91FNMAT Federal National MortgagePairCorr
  0.9FNMFN Federal National MortgagePairCorr
  0.89FNMAS Federal National MortgagePairCorr
  0.88FMCCT Federal Home LoanPairCorr
  0.83FNMAI Federal National MortgagePairCorr
  0.67FNMAM Federal National MortgagePairCorr
  0.66FNMAN Federal National MortgagePairCorr
  0.49UWMC UWM Holdings CorpPairCorr
  0.67KTRIF KTRIFPairCorr
  0.4TATT Tat TechnoPairCorr
  0.37BASE CouchbasePairCorr
  0.64ADVWW Advantage SolutionsPairCorr

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

IBKKF
+ 1.0
AQFD
FUNR
+ 0.6
FORW
NDEV
+ 0.59
FORW
FORW
+ 0.54
QCAAF
FUNR
+ 0.53
NGRC
NDEV
+ 0.5
QCAAF
  

High negative correlations

MVCO
- 0.52
FUNR
MVCO
- 0.51
FORW
MVCO
- 0.48
QCAAF
MVCO
- 0.45
NDEV
AVVH
- 0.32
QCAAF
NGRC
- 0.24
LZGI

Risk-Adjusted Indicators

There is a big difference between Loans4LessCom Pink Sheet performing well and Loans4LessCom 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 Loans4LessCom'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AQFD  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
IBKKF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
LZGI  8.82  3.04  0.00 (12.89) 0.00 
 0.00 
 0.00 
 0.00 
 150.00 
QCAAF  0.19 (0.07) 0.00 (0.35) 0.00 
 0.00 
 0.00 
 0.00 
 6.56 
NGRC  8.38  0.79  0.03  0.49  10.80 
(28.59)
 33.33 
(25.58)
 130.48 
AVVH  10.68  0.88  0.07  0.40  10.87 
(15.78)
 25.64 
(20.41)
 74.24 
FORW  6.53 (0.19) 0.00 (0.03) 0.00 
 0.00 
 16.00 
(13.46)
 59.11 
FUNR  15.26  1.93  0.06  1.26  16.26 
(44.03)
 50.00 
(33.33)
 133.33 
NDEV  12.47  0.93  0.05 (0.77) 13.35 
(17.28)
 43.13 
(23.33)
 95.63 
MVCO  9.04  1.37  0.11  1.05  8.45 
(14.46)
 15.38 
(12.50)
 81.25 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Loans4LessCom 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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