Satellos Bioscience Correlations

MSCLF Stock

USD 0.53 0.05 10.42%

The current 90-days correlation between Satellos Bioscience and Biostem Technologies is -0.17 (i.e., Good diversification). The correlation of Satellos Bioscience 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.

Satellos Bioscience Correlation With Market

Good diversification

The correlation between Satellos Bioscience and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Satellos Bioscience and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Satellos OTC Stock

0.64

WOLF

Wolfspeed,

Pair Corr

Moving against Satellos OTC Stock

0.68	TLK	Telkom Indonesia Tbk	Pair Corr
0.6	KB	KB Financial Group	Pair Corr
0.56	REGN	Regeneron Pharmaceuticals	Pair Corr
0.55	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.51	WF	Woori Financial Group	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.47	SHG	Shinhan Financial	Pair Corr
0.38	VRTX	Vertex Pharmaceuticals	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.64	SPGI	SP Global	Pair Corr
0.56	CHACR	Crane Harbor Acquisition	Pair Corr
0.55	DDS	Dillards,	Pair Corr
0.54	RLMD	Relmada Therapeutics	Pair Corr
0.51	NOEM	CO2 Energy Transition	Pair Corr
0.49	CSCO	Cisco Systems	Pair Corr
0.48	KODK	Eastman Kodak	Pair Corr
0.46	HL	Hecla Mining Aggressive Push	Pair Corr
0.32	TAK	Takeda Pharmaceutical	Pair Corr
0.32	EGP	EastGroup Properties	Pair Corr
0.68	GM	General Motors	Pair Corr
0.47	APGE	Apogee Therapeutics,	Pair Corr
0.41	EOLS	Evolus Inc	Pair Corr
0.32	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr

Related Correlations Analysis

	IUGNF	BSEM	PBIGF	POLBF	SPHRY	VSBC	PRNAF	HSCHF	KNTPF	TOKIF
IUGNF		0.21	0.45	0.0	-0.05	0.0	0.18	0.0	0.15	0.0	IUGNF
BSEM	0.21		0.13	0.0	-0.64	0.0	0.42	0.0	0.35	0.0	BSEM
PBIGF	0.45	0.13		0.0	0.11	0.0	0.3	0.0	0.19	0.0	PBIGF
POLBF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	-1.0	POLBF
SPHRY	-0.05	-0.64	0.11	0.0		0.0	-0.52	0.0	-0.21	0.0	SPHRY
VSBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	VSBC
PRNAF	0.18	0.42	0.3	0.0	-0.52	0.0		0.0	0.56	0.0	PRNAF
HSCHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HSCHF
KNTPF	0.15	0.35	0.19	0.0	-0.21	0.0	0.56	0.0		0.0	KNTPF
TOKIF	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0		TOKIF
	IUGNF	BSEM	PBIGF	POLBF	SPHRY	VSBC	PRNAF	HSCHF	KNTPF	TOKIF

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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

KNTPF	+ 0.56	PRNAF
PBIGF	+ 0.45	IUGNF
PRNAF	+ 0.42	BSEM
KNTPF	+ 0.35	BSEM
PRNAF	+ 0.3	PBIGF
BSEM	+ 0.21	IUGNF

High negative correlations

TOKIF	- 1.0	POLBF
SPHRY	- 0.64	BSEM
PRNAF	- 0.52	SPHRY
KNTPF	- 0.21	SPHRY
SPHRY	- 0.05	IUGNF
TOKIF	- 0.0	KNTPF

Risk-Adjusted Indicators

There is a big difference between Satellos OTC Stock performing well and Satellos Bioscience 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 Satellos Bioscience'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
IUGNF	5.96	0.54	0.07	0.53	5.36	(10.98)	20.00	(9.09)	41.90
BSEM	4.64	(0.47)	0.00	(0.06)	0.00	0.00	12.61	(8.22)	39.49
PBIGF	4.88	0.61	0.05	0.40	5.49	(13.13)	16.67	(13.33)	60.62
POLBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPHRY	3.33	0.81	0.17	0.54	2.55	(7.82)	9.68	(6.25)	31.32
VSBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRNAF	0.56	(0.20)	0.00	(0.14)	0.00	0.00	0.00	0.00	18.57
HSCHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KNTPF	0.55	(0.24)	0.00	(2.50)	0.00	0.00	0.00	0.00	22.36
TOKIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

Elected by the shareholders, the Satellos Bioscience's board of directors comprises two types of representatives: Satellos Bioscience inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Satellos. The board's role is to monitor Satellos Bioscience's management team and ensure that shareholders' interests are well served. Satellos Bioscience's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Satellos Bioscience's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Rudnicki	CoFounder Officer	Profile
CPA CMA	Chief Officer	Profile
Philip MA	Chief Officer	Profile
Robert CFA	VP Admin	Profile
Francis MBA	CEO, CoFounder	Profile
William Jarosz	Ex Director	Profile
Bsc BSc	Strategic Advisor	Profile

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