PureBase Corp Correlations

PUBC Stock

USD 0.02 0.01 29.12%

The current 90-days correlation between PureBase Corp and Benton Resources is -0.1 (i.e., Good diversification). The correlation of PureBase Corp 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.

PureBase Corp Correlation With Market

Pay attention - limited upside

The correlation between PureBase Corp and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PureBase Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with PureBase Pink Sheet

0.68	MAPSW	WM Technology	Pair Corr
0.89	GCMGW	GCM Grosvenor	Pair Corr
0.66	CMWCF	Cromwell Property	Pair Corr
0.64	PBCRF	PT Bank Central	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.79	HPQ	HP Inc	Pair Corr

Moving against PureBase Pink Sheet

0.87	AA	Alcoa Corp	Pair Corr
0.85	BA	Boeing	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.71	ATCOL	Atlas Corp	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr
0.69	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.64	PBMRF	PT Bumi Resources	Pair Corr
0.63	INTC	Intel Aggressive Push	Pair Corr
0.48	HD	Home Depot	Pair Corr
0.47	DIS	Walt Disney	Pair Corr
0.46	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.39	MCD	McDonalds Earnings Call This Week	Pair Corr
0.34	BAC	Bank of America Aggressive Push	Pair Corr
0.32	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	BNTRF	TRBMF	STLNF	LTHIF	ELECF	MGPHF	PJXRF	WLFFF	SXOOF	BMTLF
BNTRF		0.07	-0.2	0.2	0.36	0.13	0.38	0.01	0.12	0.45	BNTRF
TRBMF	0.07		0.35	0.08	0.53	0.48	0.11	0.31	0.38	0.41	TRBMF
STLNF	-0.2	0.35		-0.07	0.0	0.27	-0.35	0.06	-0.01	-0.07	STLNF
LTHIF	0.2	0.08	-0.07		0.58	0.04	0.6	-0.29	-0.27	0.11	LTHIF
ELECF	0.36	0.53	0.0	0.58		0.42	0.54	-0.11	0.2	0.44	ELECF
MGPHF	0.13	0.48	0.27	0.04	0.42		-0.04	0.08	0.58	0.25	MGPHF
PJXRF	0.38	0.11	-0.35	0.6	0.54	-0.04		-0.07	-0.25	0.5	PJXRF
WLFFF	0.01	0.31	0.06	-0.29	-0.11	0.08	-0.07		0.28	0.27	WLFFF
SXOOF	0.12	0.38	-0.01	-0.27	0.2	0.58	-0.25	0.28		0.23	SXOOF
BMTLF	0.45	0.41	-0.07	0.11	0.44	0.25	0.5	0.27	0.23		BMTLF
	BNTRF	TRBMF	STLNF	LTHIF	ELECF	MGPHF	PJXRF	WLFFF	SXOOF	BMTLF

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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

PJXRF	+ 0.6	LTHIF
ELECF	+ 0.58	LTHIF
SXOOF	+ 0.58	MGPHF
PJXRF	+ 0.54	ELECF
ELECF	+ 0.53	TRBMF
BMTLF	+ 0.5	PJXRF

High negative correlations

PJXRF	- 0.35	STLNF
WLFFF	- 0.29	LTHIF
SXOOF	- 0.27	LTHIF
SXOOF	- 0.25	PJXRF
STLNF	- 0.2	BNTRF
WLFFF	- 0.11	ELECF

Risk-Adjusted Indicators

There is a big difference between PureBase Pink Sheet performing well and PureBase Corp 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 PureBase Corp'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
BNTRF	15.32	1.71	0.07	0.64	18.05	(19.97)	46.67	(36.60)	107.57
TRBMF	3.89	0.20	0.01	(0.24)	3.93	(10.02)	13.48	(9.20)	28.04
STLNF	4.71	0.13	0.02	0.18	6.19	(6.99)	11.54	(7.69)	45.85
LTHIF	7.40	2.70	0.08	(0.52)	8.30	(42.78)	19.64	(6.00)	184.70
ELECF	3.35	0.50	0.04	(0.42)	4.04	(7.34)	10.00	(8.33)	33.57
MGPHF	3.18	(0.09)	0.00	(0.35)	0.00	0.00	7.46	(5.70)	21.64
PJXRF	3.70	0.83	0.12	0.58	3.14	(10.32)	10.00	(9.09)	54.93
WLFFF	9.28	1.32	0.06	3.90	10.46	(31.99)	33.33	(18.75)	128.77
SXOOF	3.44	(0.13)	0.00	(0.13)	0.00	0.00	8.33	(7.50)	25.55
BMTLF	7.28	0.47	0.05	0.21	8.46	(13.35)	28.07	(16.11)	65.45

Be your own money manager

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