Mitesco Correlations

MITI Stock

USD 0.09 0.02 18.18%

The correlation of Mitesco 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.

Mitesco Correlation With Market

Very good diversification

The correlation between Mitesco 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 Mitesco and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mitesco Pink Sheet

0.73

110122CP1

BRISTOL MYERS SQUIBB

Pair Corr

Moving against Mitesco Pink Sheet

0.48	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.48	MFG	Mizuho Financial	Pair Corr
0.45	SHG	Shinhan Financial	Pair Corr
0.44	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.44	SMFG	Sumitomo Mitsui Financial Sell-off Trend	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.42	MZHOF	Mizuho Financial	Pair Corr
0.41	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.58	BBDO	Banco Bradesco SA	Pair Corr
0.56	BNEFF	Bonterra Energy Corp	Pair Corr
0.4	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.33	SHIP	Seanergy Maritime	Pair Corr
0.5	YLLXF	Yellow Cake plc	Pair Corr
0.46	MASS	908 Devices	Pair Corr
0.39	BLAGF	Blue Lagoon Resources	Pair Corr
0.38	INTC	Intel	Pair Corr
0.38	MTNOF	MTN Group Limited	Pair Corr
0.33	EMMA	Emmaus Life Sciences	Pair Corr

Related Correlations Analysis

	EBYH	ICCO	EWLL	IVRO	KHRNF	SHMN	CSOC	IONM	ANTCF	YBGJ
EBYH		0.0	0.0	0.14	0.0	-0.27	-0.07	0.0	-0.2	-0.52	EBYH
ICCO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ICCO
EWLL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EWLL
IVRO	0.14	0.0	0.0		0.0	-0.23	0.14	0.0	-0.25	-0.42	IVRO
KHRNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KHRNF
SHMN	-0.27	0.0	0.0	-0.23	0.0		-0.07	0.0	0.48	0.38	SHMN
CSOC	-0.07	0.0	0.0	0.14	0.0	-0.07		0.0	0.18	0.0	CSOC
IONM	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IONM
ANTCF	-0.2	0.0	0.0	-0.25	0.0	0.48	0.18	0.0		0.61	ANTCF
YBGJ	-0.52	0.0	0.0	-0.42	0.0	0.38	0.0	0.0	0.61		YBGJ
	EBYH	ICCO	EWLL	IVRO	KHRNF	SHMN	CSOC	IONM	ANTCF	YBGJ

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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

YBGJ	+ 0.61	ANTCF
ANTCF	+ 0.48	SHMN
YBGJ	+ 0.38	SHMN
ANTCF	+ 0.18	CSOC
IVRO	+ 0.14	EBYH
CSOC	+ 0.14	IVRO

High negative correlations

YBGJ	- 0.52	EBYH
YBGJ	- 0.42	IVRO
SHMN	- 0.27	EBYH
ANTCF	- 0.25	IVRO
SHMN	- 0.23	IVRO
ANTCF	- 0.2	EBYH

Risk-Adjusted Indicators

There is a big difference between Mitesco Pink Sheet performing well and Mitesco 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 Mitesco'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
EBYH	0.54	0.19	0.00	(0.99)	0.00	0.00	0.00	0.00	12.13
ICCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EWLL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVRO	4.14	0.05	0.00	0.14	6.42	(9.86)	15.38	(13.33)	61.82
KHRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHMN	8.43	0.73	0.05	0.79	8.76	(20.69)	25.00	(16.67)	63.33
CSOC	11.46	1.51	0.05	(0.30)	13.07	(22.25)	41.25	(31.19)	95.38
IONM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANTCF	3.10	(1.48)	0.00	0.87	0.00	0.00	0.00	0.00	88.67
YBGJ	0.69	(0.37)	0.00	(1.59)	0.00	0.00	0.00	(2.78)	10.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mitesco 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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Mitesco Corporate Management

Thomas Brodmerkel	Chairman CFO	Profile
Ronald Riewold	Strategic Advisor	Profile
Jenny Lindstrom	Chief Sec	Profile
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