New You Correlations
| NWYUDelisted Stock | USD 0.0003 0.00 0.00% |
The correlation of New You 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. If the correlation is 0, the equities are not correlated; they are entirely random.
New |
The ability to find closely correlated positions to New You could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New You 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 New You - 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 New You to buy it.
Moving together with New OTC Stock
Moving against New OTC Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 New OTC Stock performing well and New You 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 New You'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OGI | 2.15 | (0.37) | 0.00 | (1.40) | 0.00 | 4.00 | 14.87 | |||
| ACB | 2.63 | (0.47) | 0.00 | (96.06) | 0.00 | 5.51 | 26.91 | |||
| TLRY | 2.26 | (0.42) | 0.00 | 1.18 | 0.00 | 4.94 | 21.22 | |||
| FWDG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SHMN | 5.27 | (0.39) | 0.00 | (6.31) | 0.00 | 11.11 | 38.18 | |||
| CATV | 8.25 | 0.30 | 0.02 | 0.37 | 8.92 | 16.67 | 53.57 | |||
| MCUJF | 1.53 | (0.25) | 0.00 | 7.27 | 0.00 | 0.00 | 30.38 | |||
| ARYX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOLS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LCINQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
View New You Related Equities
| Risk & Return | Correlation |
New You Corporate Management
Elected by the shareholders, the New You's board of directors comprises two types of representatives: New You inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New You's management team and ensure that shareholders' interests are well served. New You'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, New You's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daran Grimm | CoFounder | Profile | |
| Raymond Grimm | CoFounder CEO | Profile | |
| John Driscoll | CFO Director | Profile | |
| Greg Montoya | President | Profile | |
| James Sinkes | Chief Officer | Profile |
Still Interested in New You?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.