ManhattanLimited Correlations

MHTZF Stock

USD 0.02 0.00 0.00%

The correlation of ManhattanLimited 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.

ManhattanLimited Correlation With Market

Pay attention - limited upside

The correlation between Manhattan Limited and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manhattan Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against ManhattanLimited Pink Sheet

0.76	ANGPY	Valterra Platinum	Pair Corr
0.74	AGPPF	Anglo American Platinum	Pair Corr
0.74	FNLPF	Fresnillo PLC	Pair Corr
0.73	IMPUY	Impala Platinum Holdings	Pair Corr
0.73	BVN	Compania de Minas	Pair Corr
0.72	IMPUF	Impala Platinum Holdings	Pair Corr
0.69	JNJ	Johnson Johnson	Pair Corr
0.67	EXK	Endeavour Silver Corp	Pair Corr
0.65	TFPM	Triple Flag Precious Downward Rally	Pair Corr
0.62	PPTA	Perpetua Resources Corp	Pair Corr
0.61	FCAP	First Capital Normal Trading	Pair Corr
0.5	NFG	National Fuel Gas	Pair Corr
0.47	RILYL	B Riley Financial	Pair Corr
0.31	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.67	BA	Boeing	Pair Corr
0.67	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.64	MRK	Merck Company Aggressive Push	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.61	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.57	MCD	McDonalds Earnings Call This Week	Pair Corr
0.47	DIS	Walt Disney	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.43	BAC	Bank of America Aggressive Push	Pair Corr
0.41	INTC	Intel	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	TLSMF	CPPMF	BBBXF	DNRSF	ACRG	SMOFF	WEXPF	PVGDF	RGXTF	LGCXF
TLSMF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TLSMF
CPPMF	0.0		0.67	0.79	0.84	0.88	0.51	0.18	-0.01	0.84	CPPMF
BBBXF	0.0	0.67		0.23	0.72	0.39	0.64	0.37	-0.03	0.4	BBBXF
DNRSF	0.0	0.79	0.23		0.66	0.86	0.23	-0.03	-0.07	0.89	DNRSF
ACRG	0.0	0.84	0.72	0.66		0.73	0.69	0.08	-0.21	0.74	ACRG
SMOFF	0.0	0.88	0.39	0.86	0.73		0.48	0.18	0.02	0.84	SMOFF
WEXPF	0.0	0.51	0.64	0.23	0.69	0.48		0.44	0.13	0.3	WEXPF
PVGDF	0.0	0.18	0.37	-0.03	0.08	0.18	0.44		0.32	0.01	PVGDF
RGXTF	0.0	-0.01	-0.03	-0.07	-0.21	0.02	0.13	0.32		-0.02	RGXTF
LGCXF	0.0	0.84	0.4	0.89	0.74	0.84	0.3	0.01	-0.02		LGCXF
	TLSMF	CPPMF	BBBXF	DNRSF	ACRG	SMOFF	WEXPF	PVGDF	RGXTF	LGCXF

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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

LGCXF	+ 0.89	DNRSF
SMOFF	+ 0.88	CPPMF
SMOFF	+ 0.86	DNRSF
ACRG	+ 0.84	CPPMF
LGCXF	+ 0.84	CPPMF
LGCXF	+ 0.84	SMOFF

High negative correlations

RGXTF	- 0.21	ACRG
RGXTF	- 0.07	DNRSF
PVGDF	- 0.03	DNRSF
RGXTF	- 0.03	BBBXF
LGCXF	- 0.02	RGXTF
RGXTF	- 0.01	CPPMF

Risk-Adjusted Indicators

There is a big difference between ManhattanLimited Pink Sheet performing well and ManhattanLimited 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 ManhattanLimited'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
TLSMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPPMF	5.04	1.17	0.13	3.67	5.01	(7.84)	12.50	(10.53)	31.00
BBBXF	4.87	1.01	0.15	1.02	4.80	(7.26)	15.91	(10.20)	32.58
DNRSF	4.68	0.66	0.09	(1.61)	5.26	(5.98)	11.32	(8.62)	29.61
ACRG	9.35	4.09	0.28	(1.01)	5.88	(18.33)	21.95	(14.58)	182.69
SMOFF	4.21	0.61	0.10	0.91	3.78	(7.27)	9.09	(6.67)	29.75
WEXPF	3.84	0.40	0.09	0.23	3.85	(6.29)	8.00	(6.85)	60.00
PVGDF	4.51	0.14	0.02	0.21	5.13	(7.65)	10.53	(10.00)	33.64
RGXTF	11.58	(0.15)	0.00	(1.51)	0.00	0.00	33.33	(33.77)	142.22
LGCXF	4.97	0.81	0.10	3.16	4.50	(8.99)	12.50	(9.18)	29.29

Be your own money manager

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