ProtoSource Correlations

PSCO Stock

USD 0.02 0.01 35.71%

The current 90-days correlation between ProtoSource and FUNR is 0.21 (i.e., Modest 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

Very good diversification

The correlation between ProtoSource and DJI is -0.27 (i.e., Very 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

0.37	ADEA	ADEIA P	Pair Corr
0.37	SBYSF	Sibanye Stillwater	Pair Corr
0.35	ANLDF	Anfield Resources	Pair Corr
0.34	VWAGY	Volkswagen AG 110 Earnings Call This Week	Pair Corr
0.6	ITRG	Integra Resources Corp	Pair Corr
0.5	EYPT	Eyepoint Pharmaceuticals Earnings Call This Week	Pair Corr
0.46	SLI	Standard Lithium	Pair Corr

Related Correlations Analysis

	ABVN	GFOO	BOREF	SLTN	ILXP	ACBD	HIPH	IGTA	TCRI	FUNR
ABVN		0.46	-0.2	0.43	-0.35	0.33	-0.11	-0.56	0.39	-0.21	ABVN
GFOO	0.46		-0.74	0.7	-0.32	0.94	-0.11	-0.8	0.43	-0.03	GFOO
BOREF	-0.2	-0.74		-0.43	0.24	-0.72	0.16	0.62	-0.12	-0.08	BOREF
SLTN	0.43	0.7	-0.43		-0.27	0.63	-0.03	-0.64	0.54	-0.05	SLTN
ILXP	-0.35	-0.32	0.24	-0.27		-0.26	0.04	0.29	-0.18	0.21	ILXP
ACBD	0.33	0.94	-0.72	0.63	-0.26		-0.05	-0.77	0.43	0.02	ACBD
HIPH	-0.11	-0.11	0.16	-0.03	0.04	-0.05		0.04	0.02	-0.02	HIPH
IGTA	-0.56	-0.8	0.62	-0.64	0.29	-0.77	0.04		-0.61	0.11	IGTA
TCRI	0.39	0.43	-0.12	0.54	-0.18	0.43	0.02	-0.61		-0.13	TCRI
FUNR	-0.21	-0.03	-0.08	-0.05	0.21	0.02	-0.02	0.11	-0.13		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

ACBD	+ 0.94	GFOO
SLTN	+ 0.7	GFOO
ACBD	+ 0.63	SLTN
IGTA	+ 0.62	BOREF
TCRI	+ 0.54	SLTN
GFOO	+ 0.46	ABVN

High negative correlations

IGTA	- 0.8	GFOO
IGTA	- 0.77	ACBD
BOREF	- 0.74	GFOO
ACBD	- 0.72	BOREF
IGTA	- 0.64	SLTN
TCRI	- 0.61	IGTA

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	2.85	(1.46)	0.00	(0.53)	0.00	0.00	0.00	0.00	81.85
GFOO	1.99	(0.90)	0.00	0.60	0.00	0.00	0.00	0.00	66.67
BOREF	10.22	2.30	0.13	2.27	8.57	(33.04)	44.44	(25.00)	98.67
SLTN	5.60	0.72	0.00	(0.01)	0.00	0.00	5.26	(5.00)	249.70
ILXP	4.77	1.19	0.00	4.25	0.00	0.00	18.75	0.00	92.74
ACBD	22.13	10.09	0.00	(2.87)	0.00	0.00	0.00	0.00	89.80
HIPH	32.78	9.67	0.19	4.04	22.56	(100.00)	100.00	(50.00)	150.00
IGTA	2.04	0.88	0.00	(4.36)	0.00	0.00	5.77	0.00	33.53
TCRI	124.60	54.25	1.35	0.65	12.87	(850.60)	9.09	(13.33)	4,182
FUNR	24.81	5.37	0.15	0.97	19.79	(64.29)	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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