Peer To Correlations

PTOP Stock

USD 0.02 0 9.63%

The current 90-days correlation between Peer To Peer and Verify Smart Corp is 0.07 (i.e., Significant diversification). The correlation of Peer To 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Peer To Correlation With Market

Excellent diversification

The correlation between Peer To Peer and DJI is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peer To Peer and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Peer Pink Sheet

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0.84	TRP	TC Energy Corp	Pair Corr
0.82	VKQ	Invesco Municipal Trust	Pair Corr
0.8	WLK	Westlake Chemical	Pair Corr
0.79	VOD	Vodafone Group PLC	Pair Corr
0.75	BNL	Broadstone Net Lease	Pair Corr
0.74	CRNZF	Cairn Energy PLC	Pair Corr
0.68	CMI	Cummins	Pair Corr
0.67	TG	Tredegar	Pair Corr
0.66	XYIGY	Xinyi Glass Holdings	Pair Corr
0.63	ADEA	ADEIA P	Pair Corr
0.61	INGR	Ingredion Incorporated	Pair Corr
0.6	MEEEF	Metal Energy Corp	Pair Corr
0.6	FMFP	First Community Financial	Pair Corr
0.53	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.48	ESTA	Establishment Labs Earnings Call Tomorrow	Pair Corr
0.48	ABCB	Ameris Bancorp	Pair Corr
0.41	TEAD	Teads BV Symbol Change	Pair Corr
0.32	IRNRF	Iron Road Limited	Pair Corr
0.88	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.82	PRTS	CarPartsCom Earnings Call This Week	Pair Corr
0.82	OTSKY	Otsuka Holdings	Pair Corr
0.8	TDY	Teledyne Technologies	Pair Corr
0.79	RHHVF	Roche Holding AG	Pair Corr
0.77	SBKO	Summit Bank Group	Pair Corr
0.76	GEL	Genesis Energy LP	Pair Corr
0.73	VALE	Vale SA ADR	Pair Corr
0.72	ALFVF	Alfa Laval AB	Pair Corr
0.69	SOJE	Southern Company	Pair Corr
0.68	NTRSO	Northern Trust	Pair Corr
0.67	ESCA	Escalade Incorporated	Pair Corr

Related Correlations Analysis

	ZTLLF	SWISF	CDTAF	CRYBF	VSMR	EVOL	LVWD	FERN	KNRLF	ONEI
ZTLLF		-0.22	0.06	-0.23	-0.18	-0.2	-0.13	-0.1	0.3	0.26	ZTLLF
SWISF	-0.22		-0.07	0.63	-0.13	0.03	0.42	-0.21	0.21	-0.02	SWISF
CDTAF	0.06	-0.07		-0.18	0.26	0.35	-0.39	0.45	0.07	0.5	CDTAF
CRYBF	-0.23	0.63	-0.18		0.12	-0.3	0.67	-0.31	0.04	-0.07	CRYBF
VSMR	-0.18	-0.13	0.26	0.12		0.13	0.03	0.29	-0.13	0.32	VSMR
EVOL	-0.2	0.03	0.35	-0.3	0.13		-0.44	0.38	-0.04	0.41	EVOL
LVWD	-0.13	0.42	-0.39	0.67	0.03	-0.44		-0.69	0.09	-0.34	LVWD
FERN	-0.1	-0.21	0.45	-0.31	0.29	0.38	-0.69		0.1	0.4	FERN
KNRLF	0.3	0.21	0.07	0.04	-0.13	-0.04	0.09	0.1		0.07	KNRLF
ONEI	0.26	-0.02	0.5	-0.07	0.32	0.41	-0.34	0.4	0.07		ONEI
	ZTLLF	SWISF	CDTAF	CRYBF	VSMR	EVOL	LVWD	FERN	KNRLF	ONEI

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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

LVWD	+ 0.67	CRYBF
CRYBF	+ 0.63	SWISF
ONEI	+ 0.5	CDTAF
FERN	+ 0.45	CDTAF
LVWD	+ 0.42	SWISF
ONEI	+ 0.41	EVOL

High negative correlations

FERN	- 0.69	LVWD
LVWD	- 0.44	EVOL
LVWD	- 0.39	CDTAF
ONEI	- 0.34	LVWD
FERN	- 0.31	CRYBF
EVOL	- 0.3	CRYBF

Risk-Adjusted Indicators

There is a big difference between Peer Pink Sheet performing well and Peer To 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 Peer To'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
ZTLLF	1.05	(0.53)	0.00	3.42	0.00	0.00	0.00	0.00	17.95
SWISF	8.01	0.49	0.07	0.19	8.73	(9.28)	20.24	(14.93)	54.27
CDTAF	5.41	0.08	0.01	0.15	6.32	(8.67)	14.61	(12.79)	56.82
CRYBF	9.01	0.81	0.08	0.88	9.17	(9.59)	19.24	(13.57)	37.28
VSMR	14.99	4.37	0.10	5.08	13.34	(48.57)	44.59	(26.00)	266.21
EVOL	1.15	0.20	0.00	5.43	0.00	0.00	2.38	0.00	42.04
LVWD	5.25	0.70	0.06	(5.89)	5.48	(11.53)	11.11	(11.11)	43.18
FERN	6.60	0.17	0.01	1.10	6.90	(10.09)	15.79	(13.64)	38.91
KNRLF	2.90	(0.28)	0.00	(0.16)	0.00	0.00	10.61	(10.81)	32.12
ONEI	5.61	(0.28)	0.00	0.42	0.00	0.00	11.76	(12.50)	66.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Peer To 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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Peer To Corporate Executives

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

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