Labor Smart Correlations

LTNC Stock

USD 0.0003 0.0001 25.00%

The correlation of Labor Smart 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.

Labor Smart Correlation With Market

Very good diversification

The correlation between Labor Smart and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Labor Smart and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Labor Pink Sheet

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0.66	FND	Floor Decor Holdings	Pair Corr
0.61	KNYJF	KONE Oyj Earnings Call This Week	Pair Corr
0.6	DBMBF	FIBRA Macquarie Mxico	Pair Corr
0.56	GSCCF	ioneer	Pair Corr
0.53	SHERF	Sherritt International	Pair Corr
0.53	URG	Ur Energy	Pair Corr
0.5	KEP	Korea Electric Power	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.49	CRARF	Crdit Agricole SA Earnings Call This Week	Pair Corr
0.47	MITSY	Mitsui Company Earnings Call This Week	Pair Corr
0.44	SHMD	SCHMID Group NV	Pair Corr
0.41	KRG	Kite Realty Group	Pair Corr
0.4	SUNFF	Sun Life Financial	Pair Corr
0.39	CLDT	Chatham Lodging Trust	Pair Corr
0.38	NMM	Navios Maritime Partners	Pair Corr
0.34	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.33	PTAIY	Astra International Tbk	Pair Corr
0.31	SMTC	Semtech	Pair Corr
0.78	KFII	KF Growth Acquisition	Pair Corr
0.75	VLVLY	Volvo AB ADR	Pair Corr
0.72	OERLF	OC OerlikonAG	Pair Corr
0.72	HBM	Hudbay Minerals	Pair Corr
0.62	BIT	Blackrock Multi Sector	Pair Corr
0.62	BTU	Peabody Energy Corp Earnings Call This Week	Pair Corr
0.58	NICMF	Nickel Mines Limited	Pair Corr
0.56	FBIO	Fortress Biotech	Pair Corr
0.56	CSTM	Constellium Nv	Pair Corr
0.55	WHLM	Wilhelmina	Pair Corr
0.52	HLFN	Home Loan Financial	Pair Corr

Related Correlations Analysis

	CWLPF	LDDFF	TCHH	FSCR	CRWE	EFTI	RLBY	HLLK	CLEV	TIKK
CWLPF		-0.83	0.0	-0.64	-0.3	0.0	0.31	0.06	-0.68	-0.72	CWLPF
LDDFF	-0.83		0.0	0.45	0.2	0.0	-0.39	-0.13	0.7	0.52	LDDFF
TCHH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCHH
FSCR	-0.64	0.45	0.0		-0.24	0.0	0.17	-0.29	0.45	0.4	FSCR
CRWE	-0.3	0.2	0.0	-0.24		0.0	-0.61	0.27	0.21	0.34	CRWE
EFTI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EFTI
RLBY	0.31	-0.39	0.0	0.17	-0.61	0.0		0.37	-0.27	-0.32	RLBY
HLLK	0.06	-0.13	0.0	-0.29	0.27	0.0	0.37		-0.01	0.02	HLLK
CLEV	-0.68	0.7	0.0	0.45	0.21	0.0	-0.27	-0.01		0.63	CLEV
TIKK	-0.72	0.52	0.0	0.4	0.34	0.0	-0.32	0.02	0.63		TIKK
	CWLPF	LDDFF	TCHH	FSCR	CRWE	EFTI	RLBY	HLLK	CLEV	TIKK

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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

CLEV	+ 0.7	LDDFF
TIKK	+ 0.63	CLEV
TIKK	+ 0.52	LDDFF
FSCR	+ 0.45	LDDFF
CLEV	+ 0.45	FSCR
TIKK	+ 0.4	FSCR

High negative correlations

LDDFF	- 0.83	CWLPF
TIKK	- 0.72	CWLPF
CLEV	- 0.68	CWLPF
FSCR	- 0.64	CWLPF
RLBY	- 0.61	CRWE
RLBY	- 0.39	LDDFF

Risk-Adjusted Indicators

There is a big difference between Labor Pink Sheet performing well and Labor Smart 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 Labor Smart'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
CWLPF	1.99	0.49	0.12	0.74	1.81	(4.11)	5.41	(5.00)	22.91
LDDFF	4.54	(1.38)	0.00	(11.42)	0.00	0.00	8.70	(10.00)	21.76
TCHH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSCR	1.03	0.02	(0.01)	0.39	1.79	(2.29)	3.33	(3.23)	12.30
CRWE	0.85	0.12	0.00	(0.07)	0.00	0.00	0.00	0.00	21.95
EFTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RLBY	4.09	0.46	0.03	15.17	5.06	(16.58)	15.20	(14.49)	58.49
HLLK	9.68	2.56	0.05	(0.27)	11.51	(53.00)	11.76	(16.67)	315.71
CLEV	4.27	0.48	0.00	(0.36)	0.00	0.00	10.53	(5.00)	116.67
TIKK	4.12	1.18	0.00	(0.19)	0.00	0.00	16.03	0.00	80.52

Be your own money manager

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