Payfare Correlations
| PYFRFDelisted Stock | USD 2.76 0.00 0.00% |
The correlation of Payfare 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.
Payfare Correlation With Market
Poor diversification
The correlation between Payfare and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payfare and DJI in the same portfolio, assuming nothing else is changed.
Payfare |
The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare 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 Payfare - 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 Payfare to buy it.
Moving together with Payfare OTC Stock
| 0.72 | SNPS | Synopsys | PairCorr |
| 0.87 | MRK | Merck Company Earnings Call Today | PairCorr |
| 0.72 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.71 | AA | Alcoa Corp | PairCorr |
| 0.62 | CAT | Caterpillar | PairCorr |
| 0.66 | MCD | McDonalds | PairCorr |
| 0.63 | PFE | Pfizer Inc Earnings Call Today | PairCorr |
Moving against Payfare OTC Stock
| 0.8 | ORCL | Oracle | PairCorr |
| 0.76 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.68 | MSFT | Microsoft | PairCorr |
| 0.56 | HPQ | HP Inc Aggressive Push | PairCorr |
| 0.49 | HOOD | Robinhood Markets | PairCorr |
| 0.34 | T | ATT Inc Earnings Call Tomorrow | 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
|
Risk-Adjusted Indicators
There is a big difference between Payfare OTC Stock performing well and Payfare 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 Payfare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGAAY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GIVXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VCTTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WECMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FCLOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WYLDF | 37.52 | 16.55 | 0.00 | 0.76 | 0.00 | 0.00 | 1,349 | |||
| CBSZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BTGHF | 2.05 | 0.45 | 0.00 | 0.46 | 0.00 | 0.00 | 53.41 | |||
| HUDLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPNAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Payfare 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 Payfare otc stock to make a market-neutral strategy. Peer analysis of Payfare could also be used in its relative valuation, which is a method of valuing Payfare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Payfare Corporate Management
Elected by the shareholders, the Payfare's board of directors comprises two types of representatives: Payfare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Payfare. The board's role is to monitor Payfare's management team and ensure that shareholders' interests are well served. Payfare'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, Payfare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Su Chun | Chief Support | Profile | |
| Marco Margiotta | CEO CoFounder | Profile | |
| Kamran Haidari | Chief Officer | Profile | |
| Charles Park | CFO Sec | Profile | |
| Keith McKenzie | CoFounder Director | Profile | |
| Ryan Deslippe | CoFounder Officer | Profile | |
| Cihan CFA | Head Devel | Profile |
Still Interested in Payfare?
Investing in delisted otcs can be risky, as the otc stock 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.