PowerBand Solutions Correlations
| PWWBFDelisted Stock | USD 0.06 0.01 11.76% |
The correlation of PowerBand Solutions 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.
PowerBand Solutions Correlation With Market
Good diversification
The correlation between PowerBand Solutions and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PowerBand Solutions and DJI in the same portfolio, assuming nothing else is changed.
PowerBand |
The ability to find closely correlated positions to PowerBand Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PowerBand Solutions 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 PowerBand Solutions - 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 PowerBand Solutions to buy it.
Moving against PowerBand Pink Sheet
| 0.6 | APP | Applovin Corp Earnings Call Tomorrow | PairCorr |
| 0.52 | SHOP | Shopify Buyout Trend | PairCorr |
| 0.43 | CRM | Salesforce | PairCorr |
| 0.35 | INTU | Intuit Inc | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between PowerBand Pink Sheet performing well and PowerBand Solutions 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 PowerBand Solutions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYPT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UPYY | 4.43 | 1.16 | 0.00 | (6.26) | 0.00 | 10.11 | 154.08 | |||
| STEEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IMNTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CIERF | 0.11 | 0.04 | 0.00 | 1.23 | 0.00 | 0.00 | 2.11 | |||
| GAMGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| POTTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ODYS | 3.98 | 1.15 | 0.27 | (15.20) | 3.38 | 14.13 | 26.22 | |||
| NXTBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LSPKF | 1.15 | (0.21) | 0.00 | (0.06) | 0.00 | 0.00 | 37.93 |
PowerBand Solutions Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PowerBand Solutions pink sheet to make a market-neutral strategy. Peer analysis of PowerBand Solutions could also be used in its relative valuation, which is a method of valuing PowerBand Solutions by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PowerBand Solutions Corporate Management
| Peter Hucul | VP Sales | Profile | |
| Richard MBA | VP Devel | Profile | |
| Sean Severin | Chief Officer | Profile | |
| David CPA | Consultant | Profile | |
| Shibu CPA | Chief Officer | Profile | |
| Stevens Waller | Exec Operations | Profile |
Still Interested in PowerBand Solutions?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.