Ssur Hf Correlations

OSSFF Stock

USD 5.33 0.00 0.00%

The correlation of Ssur Hf 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.

Ssur Hf Correlation With Market

Significant diversification

The correlation between ssur hf and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ssur hf and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ssur Pink Sheet

0.7	ARR	ARMOUR Residential REIT	Pair Corr
0.81	ALTI	Alvarium Tiedemann	Pair Corr
0.71	GOLF	Acushnet Holdings Corp	Pair Corr
0.73	GSVRF	Guanajuato Silver	Pair Corr
0.84	FCAP	First Capital	Pair Corr
0.86	TFC	Truist Financial Corp	Pair Corr
0.89	AAUC	Allied Gold	Pair Corr
0.76	UNIT	Uniti Group	Pair Corr
0.73	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.71	MDGL	Madrigal Pharmaceuticals	Pair Corr

Moving against Ssur Pink Sheet

0.82	CMWCF	Cromwell Property	Pair Corr
0.53	SYK	Stryker	Pair Corr
0.51	BSX	Boston Scientific Corp	Pair Corr
0.5	ABT	Abbott Laboratories	Pair Corr
0.5	PHG	Koninklijke Philips	Pair Corr
0.47	HCMC	Healthier Choices	Pair Corr
0.43	SEMHF	Siemens Healthineers	Pair Corr
0.39	SMMNY	Siemens Healthineers	Pair Corr
0.52	ENSV	Enservco	Pair Corr
0.48	RYSKF	Reysas Tasimacilik	Pair Corr
0.47	500688AD8	KOS 75 01	Pair Corr

Related Correlations Analysis

	VTRLY	GNNDY	HBMHF	STSEY	GGNDF	MEDGF	ALFRY	DMPHF	TCGGY	SHPHF
VTRLY		-0.44	0.25	-0.41	-0.05	0.0	-0.61	0.0	0.0	-0.18	VTRLY
GNNDY	-0.44		-0.19	0.74	0.35	0.0	0.56	0.0	0.0	-0.4	GNNDY
HBMHF	0.25	-0.19		-0.33	-0.43	0.0	-0.21	0.0	0.0	0.2	HBMHF
STSEY	-0.41	0.74	-0.33		0.52	0.0	0.64	0.0	0.0	-0.63	STSEY
GGNDF	-0.05	0.35	-0.43	0.52		0.0	0.04	0.0	0.0	-0.37	GGNDF
MEDGF	0.0	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	MEDGF
ALFRY	-0.61	0.56	-0.21	0.64	0.04	0.0		0.0	0.0	-0.29	ALFRY
DMPHF	0.0	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	DMPHF
TCGGY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TCGGY
SHPHF	-0.18	-0.4	0.2	-0.63	-0.37	0.0	-0.29	0.0	0.0		SHPHF
	VTRLY	GNNDY	HBMHF	STSEY	GGNDF	MEDGF	ALFRY	DMPHF	TCGGY	SHPHF

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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

DMPHF	+ 1.0	MEDGF
STSEY	+ 0.74	GNNDY
ALFRY	+ 0.64	STSEY
ALFRY	+ 0.56	GNNDY
GGNDF	+ 0.52	STSEY
GGNDF	+ 0.35	GNNDY

High negative correlations

SHPHF	- 0.63	STSEY
ALFRY	- 0.61	VTRLY
GNNDY	- 0.44	VTRLY
GGNDF	- 0.43	HBMHF
STSEY	- 0.41	VTRLY
SHPHF	- 0.4	GNNDY

Risk-Adjusted Indicators

There is a big difference between Ssur Pink Sheet performing well and Ssur Hf 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 Ssur Hf'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VTRLY	0.69	(0.02)	0.05	0.00	0.00	35.97
GNNDY	2.02	(0.18)	(0.15)	6.03	(5.60)	18.43
HBMHF	1.41	0.70	4.99	0.00	0.00	47.37
STSEY	0.80	(0.43)	(0.71)	0.00	0.00	13.88
GGNDF	0.69	(0.05)	0.14	0.00	0.00	22.20
MEDGF	0.00	0.00	0.00	0.00	0.00	0.00
ALFRY	1.10	0.02	0.88	1.46	0.00	27.66
DMPHF	0.00	0.00	0.00	0.00	0.00	0.00
TCGGY	0.00	0.00	0.00	0.00	0.00	0.00
SHPHF	3.29	1.23	1.29	0.00	0.00	133.81

Be your own money manager

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