Labor Smart Correlations
| LTNC Stock | USD 0.0002 0.0001 33.33% |
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
Excellent diversification
The correlation between Labor Smart and DJI is -0.64 (i.e., Excellent 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.
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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 together with Labor Pink Sheet
| 0.64 | FSTF | First State Financial | PairCorr |
| 0.66 | ERHE | ERHC Energy | PairCorr |
| 0.68 | BLIS | Treasure Shipwreck | PairCorr |
Moving against Labor Pink Sheet
| 0.84 | FKKFY | Fukuoka Financial Upward Rally | PairCorr |
| 0.83 | VVV | Valvoline | PairCorr |
| 0.83 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.83 | GLMFF | Glacier Media | PairCorr |
| 0.83 | NNBR | NN Inc | PairCorr |
| 0.81 | KO | Coca Cola | PairCorr |
| 0.81 | RELOF | Relo Group | PairCorr |
| 0.79 | KNTPF | Kintor Pharmaceutical | PairCorr |
| 0.74 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.7 | SCNLF | Scancell Holdings plc | PairCorr |
| 0.69 | SCDCF | Scandium Canada | PairCorr |
| 0.66 | XPL | Solitario Exploration | PairCorr |
| 0.63 | YITYY | Yit Oyj ADR | PairCorr |
| 0.58 | HL | Hecla Mining | PairCorr |
| 0.53 | COHG | Cheetah Oil Gas | PairCorr |
| 0.53 | CMG | Chipotle Mexican Grill Aggressive Push | PairCorr |
| 0.34 | LBRDB | Liberty Broadband | PairCorr |
| 0.89 | XOM | Exxon Mobil Corp | PairCorr |
| 0.82 | WWD | Woodward | PairCorr |
| 0.79 | RHHBF | Roche Holding AG | PairCorr |
| 0.78 | DLX | Deluxe | PairCorr |
| 0.76 | BICEF | Socit BIC SA Earnings Call This Week | PairCorr |
| 0.76 | ADI | Analog Devices | PairCorr |
| 0.74 | PLD | Prologis | PairCorr |
| 0.74 | ESLT | Elbit Systems | PairCorr |
| 0.74 | INDO | Indonesia Energy Earnings Call This Week | PairCorr |
| 0.74 | EMPPF | EMP Metals Corp | PairCorr |
| 0.72 | WMT | Walmart Common Stock | PairCorr |
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
| High negative correlations
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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 | 1.94 | 0.59 | 0.16 | 0.81 | 1.59 | 6.90 | 22.91 | |||
| LDDFF | 4.80 | (0.38) | 0.00 | 3.13 | 0.00 | 10.00 | 35.58 | |||
| TCHH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FSCR | 1.05 | (0.03) | 0.00 | (0.15) | 0.00 | 3.33 | 12.30 | |||
| CRWE | 1.36 | (0.34) | 0.00 | (0.68) | 0.00 | 0.00 | 33.78 | |||
| EFTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RLBY | 3.97 | 0.10 | 0.01 | 0.11 | 5.40 | 15.20 | 58.49 | |||
| HLLK | 9.57 | 3.01 | 0.00 | (2.19) | 0.00 | 20.00 | 315.71 | |||
| CLEV | 2.48 | 0.24 | 0.00 | (0.10) | 0.00 | 4.76 | 116.67 | |||
| TIKK | 4.12 | 0.90 | 0.00 | 1.45 | 0.00 | 16.03 | 80.52 |
Be your own money manager
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