Perk Labs Correlations
The current 90-days correlation between Perk Labs and Movella Holdings is -0.04 (i.e., Good diversification). The correlation of Perk Labs 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.
Perk Labs Correlation With Market
Good diversification
The correlation between Perk Labs and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perk Labs and DJI in the same portfolio, assuming nothing else is changed.
Perk |
The ability to find closely correlated positions to Perk Labs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perk Labs 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 Perk Labs - 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 Perk Labs to buy it.
Moving together with Perk Pink Sheet
| 0.63 | MSFT | Microsoft | PairCorr |
| 0.66 | ORCL | Oracle Aggressive Push | PairCorr |
| 0.64 | ADBE | Adobe Systems | PairCorr |
| 0.63 | SNPS | Synopsys | PairCorr |
| 0.73 | ADYEY | Adyen NV | PairCorr |
| 0.69 | TATT | Tat Techno | PairCorr |
Moving against Perk Pink Sheet
| 0.65 | ERHE | ERHC Energy | PairCorr |
| 0.49 | HIRU | Hiru | PairCorr |
| 0.41 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.65 | TGS | Transportadora de Gas | PairCorr |
| 0.59 | DNGFF | Dongfang ElectricLimited | PairCorr |
| 0.54 | 907818GC6 | UNP 495 09 | PairCorr |
| 0.49 | TPB | Turning Point Brands | PairCorr |
| 0.4 | PFE | Pfizer Inc | PairCorr |
| 0.36 | ATRO | Astronics | PairCorr |
| 0.72 | FTI | TechnipFMC PLC | PairCorr |
| 0.68 | LMND | Lemonade | PairCorr |
| 0.67 | DGWR | Critic Clothing | PairCorr |
| 0.65 | CSCO | Cisco Systems | PairCorr |
| 0.54 | EOLS | Evolus Inc | PairCorr |
| 0.31 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Perk Pink Sheet performing well and Perk Labs 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 Perk Labs' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEII | 30.76 | 15.99 | 0.00 | (2.91) | 0.00 | 0.00 | 1,000.00 | |||
| STTTF | 31.29 | 18.14 | 0.00 | (0.26) | 0.00 | 0.00 | 1,000.00 | |||
| HOILF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RGGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMGT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EFOT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MZPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MVLA | 31.68 | 11.02 | 0.14 | (2.18) | 26.22 | 150.00 | 417.00 | |||
| PAEGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GCLT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Perk Labs Corporate Management
| Vanessa Altamirano | Interim Controller | Profile | |
| Jian Zhang | Chief Officer | Profile | |
| Liang Zou | Chief Officer | Profile | |
| Jules Gagnon | Director Community | Profile | |
| Manon Roy | Director sales | Profile | |
| Jonathan Hoyles | CEO Director | Profile | |
| Michelle Berg | Director Marketing | Profile |