Procyon Correlations

PCYN Stock

USD 0.19 0.06 46.15%

The current 90-days correlation between Procyon and Biotech Medics Ne is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Procyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procyon moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Procyon Correlation With Market

Very weak diversification

The correlation between Procyon and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procyon and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Procyon Pink Sheet

0.66	HLNCF	Haleon plc	Pair Corr
0.68	ABEV	Ambev SA ADR Earnings Call This Week	Pair Corr
0.91	VZ	Verizon Communications Aggressive Push	Pair Corr
0.62	PFE	Pfizer Inc	Pair Corr
0.63	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.83	KO	Coca Cola Earnings Call Next Week	Pair Corr
0.72	T	ATT Inc Sell-off Trend	Pair Corr
0.7	CSCO	Cisco Systems Earnings Call Tomorrow	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr

Moving against Procyon Pink Sheet

0.49	GRAB	Grab Holdings	Pair Corr
0.49	RXRX	Recursion Pharmaceuticals	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.38	RIVN	Rivian Automotive Earnings Call This Week	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	OVATF	EDXC	BMCS	BINP	CTTH	BMMJ	CATV	MJNA	SRUTF	CHYPF
OVATF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OVATF
EDXC	0.0		0.38	-0.14	-0.66	0.15	0.19	-0.18	0.0	0.0	EDXC
BMCS	0.0	0.38		-0.06	-0.38	-0.01	0.06	-0.06	0.0	0.0	BMCS
BINP	0.0	-0.14	-0.06		0.02	-0.1	-0.2	-0.02	0.0	0.0	BINP
CTTH	0.0	-0.66	-0.38	0.02		-0.4	0.01	-0.02	0.0	0.0	CTTH
BMMJ	0.0	0.15	-0.01	-0.1	-0.4		-0.15	0.25	0.0	0.0	BMMJ
CATV	0.0	0.19	0.06	-0.2	0.01	-0.15		0.0	0.0	0.0	CATV
MJNA	0.0	-0.18	-0.06	-0.02	-0.02	0.25	0.0		0.0	0.0	MJNA
SRUTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SRUTF
CHYPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CHYPF
	OVATF	EDXC	BMCS	BINP	CTTH	BMMJ	CATV	MJNA	SRUTF	CHYPF

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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

BMCS	+ 0.38	EDXC
MJNA	+ 0.25	BMMJ
CATV	+ 0.19	EDXC
BMMJ	+ 0.15	EDXC
CATV	+ 0.06	BMCS
CTTH	+ 0.02	BINP

High negative correlations

CTTH	- 0.66	EDXC
BMMJ	- 0.4	CTTH
CTTH	- 0.38	BMCS
CATV	- 0.2	BINP
MJNA	- 0.18	EDXC
CATV	- 0.15	BMMJ

Risk-Adjusted Indicators

There is a big difference between Procyon Pink Sheet performing well and Procyon 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 Procyon'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
OVATF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EDXC	9.07	(0.76)	0.00	(3.11)	0.00	0.00	15.38	(18.75)	48.75
BMCS	2.23	0.12	0.01	0.27	4.96	(14.90)	1.47	(3.66)	68.22
BINP	12.06	2.46	0.09	0.82	14.05	(27.43)	34.69	(36.36)	176.17
CTTH	8.40	1.76	0.15	(0.68)	7.78	(10.55)	26.67	(13.92)	70.25
BMMJ	16.72	1.46	0.06	(0.61)	19.48	(17.97)	48.57	(32.31)	121.50
CATV	8.91	1.57	0.00	(2.10)	0.00	0.00	50.00	(33.33)	150.00
MJNA	27.42	7.94	0.15	(1.03)	21.38	(76.92)	100.00	(50.00)	266.67
SRUTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHYPF	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 Procyon 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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