Phoenix Correlations

PEVM Stock

0.49 0.13 36.11%

The current 90-days correlation between Phoenix Motor and Two Harbors Investments is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phoenix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phoenix Motor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Phoenix Correlation With Market

Significant diversification

The correlation between Phoenix Motor and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phoenix Motor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Phoenix Pink Sheet

0.64	HPQ	HP Inc	Pair Corr
0.75	T	ATT Inc	Pair Corr

Moving against Phoenix Pink Sheet

0.85	ATI	Allegheny Technologies	Pair Corr
0.83	BAC	Bank of America	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.78	ACN	Accenture plc	Pair Corr
0.74	BMYMP	Bristol Myers Squibb	Pair Corr
0.73	MRK	Merck Company	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.67	AXP	American Express	Pair Corr
0.66	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.63	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.62	TSM	Taiwan Semiconductor Earnings Call Today	Pair Corr
0.61	BA	Boeing	Pair Corr
0.6	WSFS	WSFS Financial	Pair Corr
0.59	F	Ford Motor	Pair Corr
0.58	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.39	CSCO	Cisco Systems	Pair Corr
0.37	MCD	McDonalds	Pair Corr
0.37	CVX	Chevron Corp	Pair Corr
0.33	AMZN	Amazon Inc	Pair Corr
0.32	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	TWO-P-C	CNLFF	GAINN	EVOA	FTAIN	MRTN	WTSHF	ATHI
TWO-P-C		0.42	0.42	0.0	0.63	0.76	0.65	0.0	TWO-P-C
CNLFF	0.42		0.84	0.0	0.24	0.28	0.43	0.0	CNLFF
GAINN	0.42	0.84		0.0	0.17	0.23	0.34	0.0	GAINN
EVOA	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	EVOA
FTAIN	0.63	0.24	0.17	0.0		0.78	0.77	0.0	FTAIN
MRTN	0.76	0.28	0.23	0.0	0.78		0.81	0.0	MRTN
WTSHF	0.65	0.43	0.34	0.0	0.77	0.81		0.0	WTSHF
ATHI	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		ATHI
	TWO-P-C	CNLFF	GAINN	EVOA	FTAIN	MRTN	WTSHF	ATHI

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

GAINN	+ 0.84	CNLFF
WTSHF	+ 0.81	MRTN
MRTN	+ 0.78	FTAIN
WTSHF	+ 0.77	FTAIN
MRTN	+ 0.76	TWO-P-C
WTSHF	+ 0.65	TWO-P-C

High negative correlations

ATHI	- 1.0	EVOA
ATHI	- 0.0	WTSHF
ATHI	- 0.0	MRTN
ATHI	- 0.0	FTAIN
WTSHF	- 0.0	EVOA
MRTN	- 0.0	EVOA

Risk-Adjusted Indicators

There is a big difference between Phoenix Pink Sheet performing well and Phoenix 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 Phoenix'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
TWO-P-C	0.35	(0.01)	0.00	0.36	0.00	0.00	0.59	(0.63)	4.49
CNLFF	0.45	0.21	0.00	5.70	0.00	0.00	0.00	0.00	14.57
GAINN	0.24	0.01	(0.33)	(0.52)	0.24	(0.30)	0.52	(0.48)	1.80
EVOA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTAIN	0.28	0.02	(0.24)	0.93	0.26	(0.32)	0.63	(0.56)	1.53
MRTN	1.46	0.16	0.09	0.27	1.67	(2.00)	4.19	(2.11)	12.47
WTSHF	1.30	0.21	0.07	0.86	1.49	(1.51)	1.85	(2.47)	5.98
ATHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Phoenix Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Phoenix pink sheet to make a market-neutral strategy. Peer analysis of Phoenix could also be used in its relative valuation, which is a method of valuing Phoenix by comparing valuation metrics with similar companies.

Two Harbors Investments Canlan Ice Sports Gladstone Investment EVO Transportation Energy Fortress Transportation and Marten Transport Westshore Terminals Investment American Transportation Holdings American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

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