Metalink Correlations

MTLK Stock

USD 0.43 0.00 0.00%

The current 90-days correlation between Metalink and Boxlight Corp Class is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Metalink moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metalink moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Metalink Correlation With Market

Modest diversification

The correlation between Metalink and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metalink and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Metalink Pink Sheet

0.61	FSTF	First State Financial	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.87	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.7	DIS	Walt Disney Aggressive Push	Pair Corr
0.9	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.88	HD	Home Depot	Pair Corr

Moving against Metalink Pink Sheet

0.73	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.63	KO	Coca Cola Aggressive Push	Pair Corr
0.51	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	BOXL	SYTA	CLRO	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
BOXL		0.1	0.29	-0.18	0.0	0.13	0.33	-0.08	0.32	0.3	BOXL
SYTA	0.1		-0.17	0.28	0.0	0.39	-0.49	-0.64	-0.66	0.05	SYTA
CLRO	0.29	-0.17		0.2	0.0	-0.26	0.24	0.34	0.0	0.75	CLRO
444859BR2	-0.18	0.28	0.2		0.0	0.35	-0.55	-0.1	-0.62	0.39	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.13	0.39	-0.26	0.35	0.0		-0.49	-0.41	-0.41	-0.04	BRRAY
MSTSX	0.33	-0.49	0.24	-0.55	0.0	-0.49		0.29	0.69	0.02	MSTSX
ABHYX	-0.08	-0.64	0.34	-0.1	0.0	-0.41	0.29		0.59	-0.03	ABHYX
LBHIX	0.32	-0.66	0.0	-0.62	0.0	-0.41	0.69	0.59		-0.26	LBHIX
SCAXF	0.3	0.05	0.75	0.39	0.0	-0.04	0.02	-0.03	-0.26		SCAXF
	BOXL	SYTA	CLRO	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

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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

SCAXF	+ 0.75	CLRO
LBHIX	+ 0.69	MSTSX
LBHIX	+ 0.59	ABHYX
BRRAY	+ 0.39	SYTA
SCAXF	+ 0.39	444859BR2
BRRAY	+ 0.35	444859BR2

High negative correlations

LBHIX	- 0.66	SYTA
ABHYX	- 0.64	SYTA
LBHIX	- 0.62	444859BR2
MSTSX	- 0.55	444859BR2
MSTSX	- 0.49	BRRAY
MSTSX	- 0.49	SYTA

Risk-Adjusted Indicators

There is a big difference between Metalink Pink Sheet performing well and Metalink 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 Metalink'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
BOXL	2.73	(0.40)	0.00	(0.05)	0.00	0.00	5.00	(6.98)	35.39
SYTA	6.03	0.12	0.00	0.07	0.00	0.00	10.26	(9.90)	114.24
CLRO	1.94	(0.33)	0.00	(0.62)	0.00	0.00	4.17	(3.92)	15.98
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47

Be your own money manager

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