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 together with ManhattanLimited Pink Sheet

0.66	STI	Solidion Technology	Pair Corr
0.78	PNGM	Er Therapeutics	Pair Corr

Moving against ManhattanLimited Pink Sheet

0.73	BVN	Compania de Minas Buyout Trend	Pair Corr
0.72	FNLPF	Fresnillo PLC Earnings Call This Week	Pair Corr
0.72	BIMT	Bitmis Corp	Pair Corr
0.68	ANGPY	Valterra Platinum	Pair Corr
0.67	AGPPF	Anglo American Platinum	Pair Corr
0.66	IMPUY	Impala Platinum Holdings	Pair Corr
0.64	IMPUF	Impala Platinum Holdings Earnings Call This Week	Pair Corr
0.62	EXK	Endeavour Silver Corp Aggressive Push	Pair Corr
0.55	TFPM	Triple Flag Precious	Pair Corr
0.46	PPTA	Perpetua Resources Corp	Pair Corr
0.37	FCTI	Fact Inc	Pair Corr
0.75	FHI	Federated Investors	Pair Corr
0.74	NYT	New York Times	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.62	ACGL	Arch Capital Group	Pair Corr
0.61	WEICF	Weichai Power	Pair Corr
0.61	TOELF	Tokyo Electron	Pair Corr
0.61	BHE	Benchmark Electronics	Pair Corr
0.6	ISUZF	Isuzu Motors Limited	Pair Corr
0.6	JOE	St Joe Company	Pair Corr
0.58	MGDDF	Compagnie Gnrale des	Pair Corr
0.49	GFR	Greenfire Resources	Pair Corr
0.44	CENT	Central Garden Pet	Pair Corr
0.44	LAR	Lithium Argentina	Pair Corr
0.43	NLY	Annaly Capital Management Sell-off Trend	Pair Corr
0.35	CRNZF	Cairn Energy PLC	Pair Corr
0.78	SLF	Sun Life Financial	Pair Corr
0.69	GRC	Gorman Rupp	Pair Corr
0.67	HYMC	Hycroft Mining Holding	Pair Corr
0.67	HCBN	HCB Financial Corp	Pair Corr
0.67	FRPT	Freshpet	Pair Corr
0.66	CSWC	Capital Southwest	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		0.78	0.41	0.76	0.74	0.4	0.69	0.64	0.69	CPPMF
BBBXF	0.0	0.78		0.19	0.77	0.35	0.53	0.69	0.32	0.66	BBBXF
DNRSF	0.0	0.41	0.19		0.22	0.61	0.05	0.23	0.43	0.68	DNRSF
ACRG	0.0	0.76	0.77	0.22		0.6	0.58	0.62	0.47	0.49	ACRG
SMOFF	0.0	0.74	0.35	0.61	0.6		0.36	0.47	0.78	0.48	SMOFF
WEXPF	0.0	0.4	0.53	0.05	0.58	0.36		0.51	0.43	0.25	WEXPF
PVGDF	0.0	0.69	0.69	0.23	0.62	0.47	0.51		0.47	0.61	PVGDF
RGXTF	0.0	0.64	0.32	0.43	0.47	0.78	0.43	0.47		0.49	RGXTF
LGCXF	0.0	0.69	0.66	0.68	0.49	0.48	0.25	0.61	0.49		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

BBBXF	+ 0.78	CPPMF
RGXTF	+ 0.78	SMOFF
ACRG	+ 0.77	BBBXF
ACRG	+ 0.76	CPPMF
SMOFF	+ 0.74	CPPMF
PVGDF	+ 0.69	CPPMF

High negative correlations

LGCXF	- 0.0	TLSMF
RGXTF	- 0.0	TLSMF
PVGDF	- 0.0	TLSMF
WEXPF	- 0.0	TLSMF
SMOFF	- 0.0	TLSMF
ACRG	- 0.0	TLSMF

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	4.52	1.26	0.17	(2.24)	4.19	(6.97)	12.12	(8.33)	31.00
BBBXF	5.11	1.33	0.17	14.05	4.92	(7.59)	16.67	(10.42)	34.15
DNRSF	5.23	1.29	0.20	1.11	5.23	(6.79)	13.21	(8.62)	29.61
ACRG	10.67	3.68	0.27	2.73	7.25	(18.90)	24.43	(16.67)	182.69
SMOFF	3.76	0.71	0.12	2.29	3.24	(6.95)	9.09	(6.25)	29.75
WEXPF	4.02	0.46	0.09	0.87	3.70	(5.94)	6.25	(6.06)	60.00
PVGDF	4.21	0.36	0.04	0.77	4.40	(8.13)	11.76	(9.52)	33.64
RGXTF	11.37	1.73	0.08	6.73	12.28	(21.52)	36.36	(26.67)	142.22
LGCXF	7.19	2.33	0.28	2.48	5.26	(11.91)	21.05	(10.53)	38.04

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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