Surge Battery Correlations
| NILIF Stock | USD 0.24 0.01 4.00% |
The current 90-days correlation between Surge Battery Metals and Nevada Sunrise Gold is -0.27 (i.e., Very good diversification). The correlation of Surge Battery 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.
Surge Battery Correlation With Market
Average diversification
The correlation between Surge Battery Metals and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surge Battery Metals and DJI in the same portfolio, assuming nothing else is changed.
Surge |
The ability to find closely correlated positions to Surge Battery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surge Battery 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 Surge Battery - 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 Surge Battery Metals to buy it.
Moving together with Surge Pink Sheet
| 0.76 | BHPLF | BHP Group Limited | PairCorr |
| 0.8 | BHP | BHP Group Limited | PairCorr |
| 0.64 | RIO | Rio Tinto ADR | PairCorr |
| 0.77 | GLCNF | Glencore PLC | PairCorr |
| 0.79 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.63 | KB | KB Financial Group | PairCorr |
| 0.76 | SHG | Shinhan Financial | PairCorr |
| 0.69 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Earnings Call Next Week | PairCorr |
| 0.72 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
Moving against Surge Pink Sheet
| 0.92 | MFG | Mizuho Financial Earnings Call Next Week | PairCorr |
| 0.89 | SMFG | Sumitomo Mitsui Financial Earnings Call This Week | PairCorr |
| 0.88 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.84 | MZHOF | Mizuho Financial Earnings Call Next Week | PairCorr |
| 0.77 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.73 | SMFNF | Sumitomo Mitsui Financial Earnings Call This Week | PairCorr |
| 0.7 | MNPR | Monopar Therapeutics Trending | PairCorr |
| 0.56 | DNOW | Now Inc | PairCorr |
| 0.9 | WMT | Walmart Aggressive Push | PairCorr |
| 0.85 | DIS | Walt Disney | PairCorr |
| 0.84 | AXP | American Express Earnings Call Tomorrow | PairCorr |
| 0.78 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.71 | BAC | Bank of America | PairCorr |
| 0.62 | T | ATT Inc Aggressive Push | PairCorr |
| 0.52 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.49 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.44 | IBM | International Business Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Surge Pink Sheet performing well and Surge Battery 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 Surge Battery'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVSGF | 3.02 | 0.25 | 0.00 | 0.06 | 0.00 | 0.00 | 150.00 | |||
| CRECF | 3.38 | (0.76) | 0.00 | (0.52) | 0.00 | 8.00 | 24.19 | |||
| LTHCF | 3.41 | (0.04) | 0.00 | 0.13 | 0.00 | 9.84 | 26.67 | |||
| GTMLF | 2.11 | (0.14) | 0.00 | 0.12 | 0.00 | 6.34 | 34.95 | |||
| ATMGF | 8.88 | 0.34 | 0.02 | (0.70) | 11.86 | 29.73 | 76.60 | |||
| SXOOF | 6.04 | 0.89 | 0.13 | 0.96 | 5.85 | 15.00 | 50.47 | |||
| HNCKF | 2.99 | (0.02) | (0.01) | (0.02) | 3.30 | 5.56 | 11.44 | |||
| ORRCF | 3.80 | 0.03 | 0.00 | 2.43 | 4.44 | 10.00 | 30.95 | |||
| ALCUF | 6.78 | 0.85 | 0.09 | 0.57 | 6.31 | 20.00 | 40.18 | |||
| ARRNF | 2.22 | (0.04) | 0.00 | (0.03) | 0.00 | 5.88 | 16.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Surge Battery 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.Did you try this?
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