ProtoSource Correlations

PSCO Stock

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The current 90-days correlation between ProtoSource and ABV Consulting is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProtoSource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProtoSource moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProtoSource Correlation With Market

Good diversification

The correlation between ProtoSource and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProtoSource and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against ProtoSource Pink Sheet

0.74	DTSQU	DT Cloud Star	Pair Corr
0.71	WEGZY	WEG SA ADR	Pair Corr
0.7	MATX	Matson Inc	Pair Corr
0.68	NKRKY	Nokian Tyres Plc	Pair Corr
0.68	SITM	Sitime	Pair Corr
0.68	GVA	Granite Construction	Pair Corr
0.63	MFA	MFA Financial	Pair Corr
0.6	NTR	Nutrien	Pair Corr
0.51	DVNHF	Frontier Services	Pair Corr
0.49	LAR	Lithium Argentina Symbol Change	Pair Corr
0.45	NXTC	NextCure	Pair Corr
0.42	SDHC	Smith Douglas Homes Downward Rally	Pair Corr
0.4	SOHOO	Sotherly Hotels Pref	Pair Corr
0.77	GM	General Motors Earnings Call Next Week	Pair Corr
0.72	VLY	Valley National Bancorp Earnings Call This Week	Pair Corr
0.7	SMEGF	Siemens Energy AG	Pair Corr
0.66	CRH	CRH PLC ADR	Pair Corr
0.66	RIOFF	Rio2 Limited	Pair Corr
0.65	FOSL	Fossil Group	Pair Corr
0.64	FSBW	FS Bancorp Earnings Call This Week	Pair Corr
0.64	AXP	American Express	Pair Corr
0.63	HL	Hecla Mining Aggressive Push	Pair Corr
0.62	PILBF	Pilbara Minerals	Pair Corr
0.59	EDVMF	Endeavour Mining Corp	Pair Corr
0.59	BNPQY	BNP Paribas SA	Pair Corr
0.58	PITAF	Poste Italiane SpA	Pair Corr
0.54	CHRW	CH Robinson Worldwide	Pair Corr
0.53	ZMPLF	Zimplats Holdings	Pair Corr

Related Correlations Analysis

	ABVN	GFOO	BOREF	SLTN	ILXP	ACBD	HIPH	IGTA	TCRI	FUNR
ABVN		0.0	0.3	0.46	-0.26	0.07	0.15	-0.24	0.09	-0.01	ABVN
GFOO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GFOO
BOREF	0.3	0.0		0.24	0.14	-0.12	0.18	-0.17	0.16	-0.25	BOREF
SLTN	0.46	0.0	0.24		-0.03	0.29	-0.12	-0.15	0.38	0.1	SLTN
ILXP	-0.26	0.0	0.14	-0.03		-0.47	0.11	-0.32	-0.14	-0.75	ILXP
ACBD	0.07	0.0	-0.12	0.29	-0.47		-0.07	0.24	0.31	0.62	ACBD
HIPH	0.15	0.0	0.18	-0.12	0.11	-0.07		-0.07	-0.12	-0.13	HIPH
IGTA	-0.24	0.0	-0.17	-0.15	-0.32	0.24	-0.07		-0.23	0.38	IGTA
TCRI	0.09	0.0	0.16	0.38	-0.14	0.31	-0.12	-0.23		0.28	TCRI
FUNR	-0.01	0.0	-0.25	0.1	-0.75	0.62	-0.13	0.38	0.28		FUNR
	ABVN	GFOO	BOREF	SLTN	ILXP	ACBD	HIPH	IGTA	TCRI	FUNR

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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

FUNR	+ 0.62	ACBD
SLTN	+ 0.46	ABVN
TCRI	+ 0.38	SLTN
FUNR	+ 0.38	IGTA
TCRI	+ 0.31	ACBD
BOREF	+ 0.3	ABVN

High negative correlations

FUNR	- 0.75	ILXP
ACBD	- 0.47	ILXP
IGTA	- 0.32	ILXP
ILXP	- 0.26	ABVN
FUNR	- 0.25	BOREF
IGTA	- 0.24	ABVN

Risk-Adjusted Indicators

There is a big difference between ProtoSource Pink Sheet performing well and ProtoSource 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 ProtoSource'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
ABVN	0.91	(0.15)	0.00	0.31	0.00	0.00	0.00	0.00	24.88
GFOO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BOREF	9.42	1.12	0.09	0.30	9.33	(22.35)	33.33	(25.00)	98.67
SLTN	13.27	4.31	0.11	2.39	13.74	(44.29)	26.67	(14.40)	255.77
ILXP	7.52	4.40	0.00	(0.58)	0.00	0.00	0.00	0.00	252.07
ACBD	16.56	8.36	0.00	(0.46)	0.00	0.00	0.00	0.00	553.33
HIPH	17.36	4.94	0.08	(1.01)	15.80	(100.00)	100.00	(50.00)	150.00
IGTA	8.30	3.00	0.00	1.97	0.00	0.00	7.15	0.00	248.26
TCRI	123.92	52.46	1.45	0.64	14.18	(616.12)	15.79	(40.00)	4,140
FUNR	23.22	5.64	0.11	(0.36)	20.19	(63.46)	50.00	(33.33)	233.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in ProtoSource 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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