DeepMarkit Corp Correlations

MKTDF Stock

USD 0.42 0.03 7.69%

The correlation of DeepMarkit Corp 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.

DeepMarkit Corp Correlation With Market

Average diversification

The correlation between DeepMarkit Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DeepMarkit Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DeepMarkit OTC Stock

0.67	ASTI	Ascent Solar Technol Trending	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.75	APGE	Apogee Therapeutics,	Pair Corr
0.62	DNLMY	Dunelm Group PLC	Pair Corr
0.77	REGN	Regeneron Pharmaceuticals	Pair Corr
0.74	IDN	Intellicheck Mobilisa	Pair Corr
0.78	GM	General Motors	Pair Corr
0.76	RLMD	Relmada Therapeutics	Pair Corr
0.84	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.68	BLMC	Biloxi Marsh Lands	Pair Corr
0.74	AKAM	Akamai Technologies	Pair Corr
0.81	NOEM	CO2 Energy Transition	Pair Corr
0.67	PHAR	Pharming Group NV	Pair Corr
0.63	GWW	WW Grainger	Pair Corr

Moving against DeepMarkit OTC Stock

0.49	12532HAF1	GIBACN 23 14	Pair Corr
0.37	CYPS	Cyclo3pss	Pair Corr

Related Correlations Analysis

	GLPT	TFLM	SBIG	KTPPF	TIOG	TMIX	HPTO	WANSF	APETF	NXOPF
GLPT		0.0	0.0	1.0	0.0	-1.0	0.0	0.0	0.0	0.0	GLPT
TFLM	0.0		0.33	0.0	0.02	0.0	-0.35	0.03	-0.12	0.15	TFLM
SBIG	0.0	0.33		0.0	0.33	0.0	-0.63	0.0	0.36	0.52	SBIG
KTPPF	1.0	0.0	0.0		0.0	-1.0	0.0	0.0	0.0	0.0	KTPPF
TIOG	0.0	0.02	0.33	0.0		0.0	-0.18	-0.22	0.14	0.35	TIOG
TMIX	-1.0	0.0	0.0	-1.0	0.0		0.0	0.0	0.0	0.0	TMIX
HPTO	0.0	-0.35	-0.63	0.0	-0.18	0.0		0.26	-0.55	-0.46	HPTO
WANSF	0.0	0.03	0.0	0.0	-0.22	0.0	0.26		0.01	-0.12	WANSF
APETF	0.0	-0.12	0.36	0.0	0.14	0.0	-0.55	0.01		0.5	APETF
NXOPF	0.0	0.15	0.52	0.0	0.35	0.0	-0.46	-0.12	0.5		NXOPF
	GLPT	TFLM	SBIG	KTPPF	TIOG	TMIX	HPTO	WANSF	APETF	NXOPF

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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

KTPPF	+ 1.0	GLPT
NXOPF	+ 0.52	SBIG
NXOPF	+ 0.5	APETF
APETF	+ 0.36	SBIG
NXOPF	+ 0.35	TIOG
SBIG	+ 0.33	TFLM

High negative correlations

TMIX	- 1.0	KTPPF
TMIX	- 1.0	GLPT
HPTO	- 0.63	SBIG
APETF	- 0.55	HPTO
NXOPF	- 0.46	HPTO
HPTO	- 0.35	TFLM

Risk-Adjusted Indicators

There is a big difference between DeepMarkit OTC Stock performing well and DeepMarkit Corp OTC Stock 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 DeepMarkit Corp'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
GLPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TFLM	0.18	(0.09)	0.00	0.92	0.00	0.00	0.00	0.00	5.88
SBIG	8.67	(0.51)	0.00	0.51	0.00	0.00	20.00	(20.00)	61.50
KTPPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIOG	70.50	28.53	0.53	13.74	36.05	(132.83)	180.00	(80.00)	613.46
TMIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HPTO	2.71	1.08	0.00	(0.28)	0.00	0.00	6.67	0.00	70.83
WANSF	123.20	74.34	0.93	(0.26)	18.41	(719.35)	60.00	(56.25)	3,815
APETF	4.38	0.44	0.03	(2.30)	5.60	(24.52)	9.09	(11.76)	99.23
NXOPF	27.32	5.70	0.17	0.94	20.76	(70.48)	100.00	(40.00)	350.00

Be your own money manager

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