Planet Based Correlations

PBFFF Stock

USD 0.04 0.01 19.54%

The correlation of Planet Based 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.

Planet Based Correlation With Market

Significant diversification

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

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

Moving together with Planet Pink Sheet

0.67	HPQ	HP Inc	Pair Corr
0.66	PG	Procter Gamble	Pair Corr

Moving against Planet Pink Sheet

0.81	TEVA	Teva Pharma Industries	Pair Corr
0.74	FTV	Fortive Corp	Pair Corr
0.7	TEVA	Teva Pharmaceutical	Pair Corr
0.68	HLN	Haleon plc	Pair Corr
0.68	ERHE	ERHC Energy	Pair Corr
0.66	HLNCF	Haleon plc	Pair Corr
0.37	TAK	Takeda Pharmaceutical	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.61	IBM	International Business	Pair Corr
0.6	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.54	AA	Alcoa Corp	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.45	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.38	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	KHRNF	HEMP	EVIO	KAYS	ANTCF	LVRLF	BSPK	OWPC	BHNGF	JWCAF
KHRNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	KHRNF
HEMP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HEMP
EVIO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	1.0	EVIO
KAYS	0.0	0.0	0.0		-0.14	0.13	0.16	-0.14	0.0	0.0	KAYS
ANTCF	0.0	0.0	0.0	-0.14		0.13	-0.52	-0.52	0.0	0.0	ANTCF
LVRLF	0.0	0.0	0.0	0.13	0.13		0.26	0.04	0.0	0.0	LVRLF
BSPK	0.0	0.0	0.0	0.16	-0.52	0.26		0.42	0.0	0.0	BSPK
OWPC	0.0	0.0	0.0	-0.14	-0.52	0.04	0.42		0.0	0.0	OWPC
BHNGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BHNGF
JWCAF	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0		JWCAF
	KHRNF	HEMP	EVIO	KAYS	ANTCF	LVRLF	BSPK	OWPC	BHNGF	JWCAF

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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

JWCAF	+ 1.0	EVIO
OWPC	+ 0.42	BSPK
BSPK	+ 0.26	LVRLF
BSPK	+ 0.16	KAYS
LVRLF	+ 0.13	KAYS
LVRLF	+ 0.13	ANTCF

High negative correlations

OWPC	- 0.52	ANTCF
BSPK	- 0.52	ANTCF
OWPC	- 0.14	KAYS
ANTCF	- 0.14	KAYS
JWCAF	- 0.0	BHNGF
JWCAF	- 0.0	OWPC

Risk-Adjusted Indicators

There is a big difference between Planet Pink Sheet performing well and Planet Based 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 Planet Based'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
KHRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEMP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KAYS	9.23	0.79	0.06	0.87	9.73	(14.68)	34.97	(18.52)	78.32
ANTCF	56.53	24.07	0.00	0.95	0.00	0.00	0.00	0.00	1,049
LVRLF	14.38	1.49	0.07	0.42	15.04	(31.47)	37.04	(35.00)	181.72
BSPK	5.77	0.35	0.01	0.39	9.58	(21.62)	18.52	(25.00)	78.85
OWPC	12.91	1.54	0.09	(0.62)	13.72	(16.05)	33.85	(26.56)	89.39
BHNGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JWCAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Planet Based 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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Planet Based Corporate Management

Braelyn Davis	CEO, CoFounder	Profile
William Aaron	Co Sec	Profile
Robert Davis	CIO Director	Profile
Theodore Llewellyn	COO CoFounder	Profile
Robbie Rech	Chief Officer	Profile

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