Pacific Software Correlations

PFSF Stock

USD 0.09 0.04 29.17%

The correlation of Pacific Software 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.

Pacific Software Correlation With Market

Very good diversification

The correlation between Pacific Software and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Software and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pacific Pink Sheet

0.64	MCD	McDonalds	Pair Corr
0.79	QSR	Restaurant Brands	Pair Corr
0.83	RSTRF	Restaurant Brands	Pair Corr
0.84	YUMC	Yum China Holdings	Pair Corr
0.85	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.81	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.81	MFG	Mizuho Financial	Pair Corr
0.64	MZHOF	Mizuho Financial	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr
0.74	OBIO	Orchestra BioMed Holdings	Pair Corr
0.77	NHIC	NewHold Investment Corp	Pair Corr
0.81	COPL	Copley Acquisition Corp	Pair Corr
0.87	EXPE	Expedia Group	Pair Corr
0.78	QUILF	Quilter plc	Pair Corr
0.93	MTC	MMTEC Inc Tech Boost	Pair Corr
0.82	KODK	Eastman Kodak	Pair Corr
0.87	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against Pacific Pink Sheet

0.87	CMPGY	Compass Group PLC	Pair Corr
0.85	CMPGF	Compass Group PLC	Pair Corr
0.6	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.43	DRI	Darden Restaurants	Pair Corr
0.55	AAUGF	Angold Resources Earnings Call This Week	Pair Corr
0.31	UATG	Umbra Applied Techno	Pair Corr

Related Correlations Analysis

	SWRL	PGOG	VYDR	PFTI	ROWC	GLFN	RIBS	PNGB	JRJRQ	ASCK
SWRL		0.0	0.0	0.0	0.84	0.0	0.23	0.0	0.0	0.0	SWRL
PGOG	0.0		1.0	1.0	0.0	1.0	0.0	1.0	1.0	1.0	PGOG
VYDR	0.0	1.0		1.0	0.0	1.0	0.0	1.0	1.0	1.0	VYDR
PFTI	0.0	1.0	1.0		0.0	1.0	0.0	1.0	1.0	1.0	PFTI
ROWC	0.84	0.0	0.0	0.0		0.0	0.26	0.0	0.0	0.0	ROWC
GLFN	0.0	1.0	1.0	1.0	0.0		0.0	1.0	1.0	1.0	GLFN
RIBS	0.23	0.0	0.0	0.0	0.26	0.0		0.0	0.0	0.0	RIBS
PNGB	0.0	1.0	1.0	1.0	0.0	1.0	0.0		1.0	1.0	PNGB
JRJRQ	0.0	1.0	1.0	1.0	0.0	1.0	0.0	1.0		1.0	JRJRQ
ASCK	0.0	1.0	1.0	1.0	0.0	1.0	0.0	1.0	1.0		ASCK
	SWRL	PGOG	VYDR	PFTI	ROWC	GLFN	RIBS	PNGB	JRJRQ	ASCK

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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

VYDR	+ 1.0	PGOG
PFTI	+ 1.0	PGOG
GLFN	+ 1.0	PGOG
PNGB	+ 1.0	PGOG
JRJRQ	+ 1.0	PGOG
ASCK	+ 1.0	PGOG

High negative correlations

ASCK	- 0.0	RIBS
JRJRQ	- 0.0	RIBS
PNGB	- 0.0	RIBS
RIBS	- 0.0	GLFN
ASCK	- 0.0	ROWC
JRJRQ	- 0.0	ROWC

Risk-Adjusted Indicators

There is a big difference between Pacific Pink Sheet performing well and Pacific Software 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 Pacific Software'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	Maximum Drawdown
SWRL	7.38	3.09	1.03	233.33
PGOG	0.00	0.00	0.00	0.00
VYDR	0.00	0.00	0.00	0.00
PFTI	0.00	0.00	0.00	0.00
ROWC	0.99	0.48	1.74	33.33
GLFN	0.00	0.00	0.00	0.00
RIBS	3.01	0.60	0.30	150.00
PNGB	0.00	0.00	0.00	0.00
JRJRQ	0.00	0.00	0.00	0.00
ASCK	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 Pacific Software 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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