Psyched Wellness Correlations

PSYCF Stock

USD 0.01 0.0001 0.91%

The current 90-days correlation between Psyched Wellness and Tofutti Brands is 0.19 (i.e., Average diversification). The correlation of Psyched Wellness 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.

Psyched Wellness Correlation With Market

Significant diversification

The correlation between Psyched Wellness and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Psyched Wellness and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Psyched OTC Stock

0.31	CIADF	China Mengniu Dairy	Pair Corr
0.31	KEP	Korea Electric Power	Pair Corr
0.45	SPGI	SP Global	Pair Corr
0.39	BHC	Bausch Health Companies	Pair Corr
0.37	GDYN	Grid Dynamics Holdings	Pair Corr
0.37	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.34	TGI	Triumph Group	Pair Corr
0.33	NAUT	Nautilus Biotechnology	Pair Corr
0.31	FEMY	Femasys	Pair Corr
0.4	LMND	Lemonade	Pair Corr
0.35	CALC	CalciMedica, Common Stock	Pair Corr
0.34	SSAAF	SSAB AB	Pair Corr
0.31	TPB	Turning Point Brands	Pair Corr

Related Correlations Analysis

	TOFB	GLUC	ARRT	AIXN	SNBH	FMBV	PNGAF	CYAN	RELV	VPRB
TOFB		0.37	0.15	-0.43	-0.29	0.16	-0.27	0.32	0.3	-0.35	TOFB
GLUC	0.37		0.37	-0.76	-0.57	0.68	-0.45	0.37	-0.06	-0.33	GLUC
ARRT	0.15	0.37		-0.38	-0.29	-0.06	-0.12	0.12	0.25	0.14	ARRT
AIXN	-0.43	-0.76	-0.38		0.52	-0.4	0.3	-0.38	-0.2	0.14	AIXN
SNBH	-0.29	-0.57	-0.29	0.52		-0.41	0.25	-0.2	0.01	0.19	SNBH
FMBV	0.16	0.68	-0.06	-0.4	-0.41		-0.53	0.41	-0.26	-0.37	FMBV
PNGAF	-0.27	-0.45	-0.12	0.3	0.25	-0.53		-0.17	0.2	0.38	PNGAF
CYAN	0.32	0.37	0.12	-0.38	-0.2	0.41	-0.17		0.36	-0.5	CYAN
RELV	0.3	-0.06	0.25	-0.2	0.01	-0.26	0.2	0.36		0.07	RELV
VPRB	-0.35	-0.33	0.14	0.14	0.19	-0.37	0.38	-0.5	0.07		VPRB
	TOFB	GLUC	ARRT	AIXN	SNBH	FMBV	PNGAF	CYAN	RELV	VPRB

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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

FMBV	+ 0.68	GLUC
SNBH	+ 0.52	AIXN
CYAN	+ 0.41	FMBV
VPRB	+ 0.38	PNGAF
GLUC	+ 0.37	TOFB
ARRT	+ 0.37	GLUC

High negative correlations

AIXN	- 0.76	GLUC
SNBH	- 0.57	GLUC
PNGAF	- 0.53	FMBV
VPRB	- 0.5	CYAN
PNGAF	- 0.45	GLUC
AIXN	- 0.43	TOFB

Risk-Adjusted Indicators

There is a big difference between Psyched OTC Stock performing well and Psyched Wellness OTC Stock 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 Psyched Wellness' 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
TOFB	1.60	0.08	(0.01)	(0.07)	2.36	(4.84)	5.26	(4.29)	22.31
GLUC	11.22	1.99	0.13	0.95	11.23	(19.00)	37.50	(21.51)	98.53
ARRT	19.84	6.83	0.18	(0.44)	15.24	(52.12)	49.25	(33.33)	427.18
AIXN	14.57	6.68	0.00	(1.31)	0.00	0.00	3.45	0.00	360.20
SNBH	19.65	4.63	0.14	(1.68)	17.93	(38.35)	79.90	(41.61)	162.58
FMBV	22.55	9.30	0.00	0.94	0.00	0.00	95.16	0.00	403.50
PNGAF	9.07	1.07	0.05	(0.42)	10.70	(22.31)	29.41	(21.74)	128.88
CYAN	8.82	0.92	0.07	0.76	9.82	(14.89)	25.00	(17.95)	99.70
RELV	1.21	(0.10)	0.00	0.16	0.00	0.00	0.00	(4.44)	37.71
VPRB	14.67	2.45	0.09	3.94	15.84	(26.70)	50.00	(38.46)	167.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Psyched Wellness 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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Psyched Wellness Corporate Management

Elected by the shareholders, the Psyched Wellness' board of directors comprises two types of representatives: Psyched Wellness inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Psyched. The board's role is to monitor Psyched Wellness' management team and ensure that shareholders' interests are well served. Psyched Wellness' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Psyched Wellness' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey Stevens	CEO Director	Profile
Matthew Singh	Chief Officer	Profile
Keith CPA	CFO Sec	Profile
David Shisel	Chief Officer	Profile

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