Oculus VisionTech Correlations

OVTZ Stock

USD 0.03 0 3.44%

The current 90-days correlation between Oculus VisionTech and Rightscorp is -0.12 (i.e., Good diversification). The correlation of Oculus VisionTech 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.

Oculus VisionTech Correlation With Market

Good diversification

The correlation between Oculus VisionTech and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oculus VisionTech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Oculus OTC Stock

0.61

MSFT

Microsoft

Pair Corr

Moving against Oculus OTC Stock

0.74	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.7	FMCB	Farmers Merchants Bancorp Earnings Call This Week	Pair Corr
0.65	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.51	DD	Dupont De Nemours	Pair Corr
0.48	NFPDF	Nissin Foods Holdings	Pair Corr
0.48	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	MCD	McDonalds	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.41	CSCO	Cisco Systems	Pair Corr
0.34	TRV	The Travelers Companies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KCRD	SFIIF	RIHT	TMMI	WINKF	CETX	BTZI	PUSOF	RCWDF	ATIXF
KCRD		-0.31	-0.34	0.0	0.76	-0.43	-0.67	-0.12	0.0	-0.57	KCRD
SFIIF	-0.31		0.89	0.44	-0.47	0.71	0.81	-0.46	0.0	0.48	SFIIF
RIHT	-0.34	0.89		0.39	-0.46	0.64	0.74	-0.34	0.0	0.51	RIHT
TMMI	0.0	0.44	0.39		-0.13	0.47	0.37	-0.25	0.0	0.13	TMMI
WINKF	0.76	-0.47	-0.46	-0.13		-0.5	-0.71	-0.13	0.0	-0.78	WINKF
CETX	-0.43	0.71	0.64	0.47	-0.5		0.79	-0.25	0.0	0.49	CETX
BTZI	-0.67	0.81	0.74	0.37	-0.71	0.79		-0.19	0.0	0.63	BTZI
PUSOF	-0.12	-0.46	-0.34	-0.25	-0.13	-0.25	-0.19		0.0	0.17	PUSOF
RCWDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RCWDF
ATIXF	-0.57	0.48	0.51	0.13	-0.78	0.49	0.63	0.17	0.0		ATIXF
	KCRD	SFIIF	RIHT	TMMI	WINKF	CETX	BTZI	PUSOF	RCWDF	ATIXF

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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

RIHT	+ 0.89	SFIIF
BTZI	+ 0.81	SFIIF
BTZI	+ 0.79	CETX
WINKF	+ 0.76	KCRD
BTZI	+ 0.74	RIHT
CETX	+ 0.71	SFIIF

High negative correlations

ATIXF	- 0.78	WINKF
BTZI	- 0.71	WINKF
BTZI	- 0.67	KCRD
ATIXF	- 0.57	KCRD
CETX	- 0.5	WINKF
WINKF	- 0.47	SFIIF

Risk-Adjusted Indicators

There is a big difference between Oculus OTC Stock performing well and Oculus VisionTech 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 Oculus VisionTech'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
KCRD	6.21	1.54	0.08	2.54	6.23	(27.22)	37.62	(13.93)	73.84
SFIIF	1.55	(0.75)	0.00	1.45	0.00	0.00	0.00	0.00	51.94
RIHT	3.08	0.03	0.00	0.07	0.00	0.00	8.91	(9.09)	78.97
TMMI	13.24	2.07	0.13	4.70	11.78	(21.01)	50.67	(20.27)	102.41
WINKF	9.95	2.12	0.13	20.60	9.36	(20.37)	28.57	(19.23)	93.51
CETX	10.83	0.03	0.01	0.11	11.17	(14.56)	17.36	(18.92)	165.95
BTZI	7.54	(1.01)	0.00	(0.48)	0.00	0.00	20.00	(18.92)	45.00
PUSOF	6.28	1.27	0.00	0.64	0.00	0.00	0.00	0.00	144.77
RCWDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATIXF	33.19	11.67	0.00	0.66	0.00	0.00	42.86	(30.00)	960.00

Be your own money manager

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