Reelcause Correlations
| RCIT Stock | USD 2,387 4.57 0.19% |
The correlation of Reelcause 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.
Reelcause Correlation With Market
Very weak diversification
The correlation between Reelcause and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reelcause and DJI in the same portfolio, assuming nothing else is changed.
Reelcause |
The ability to find closely correlated positions to Reelcause could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reelcause 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 Reelcause - 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 Reelcause to buy it.
Moving together with Reelcause Pink Sheet
| 0.86 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.81 | WLK | Westlake Chemical Buyout Trend | PairCorr |
| 0.73 | VHI | Valhi Inc | PairCorr |
| 0.84 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.75 | CMI | Cummins | PairCorr |
| 0.68 | MEEEF | Metal Energy Corp | PairCorr |
| 0.81 | CRNZF | Cairn Energy PLC | PairCorr |
| 0.86 | TRP | TC Energy Corp | PairCorr |
| 0.73 | TG | Tredegar | PairCorr |
| 0.82 | VOD | Vodafone Group PLC | PairCorr |
| 0.67 | INGR | Ingredion Incorporated | PairCorr |
| 0.7 | XYIGY | Xinyi Glass Holdings Earnings Call Tomorrow | PairCorr |
| 0.82 | BNL | Broadstone Net Lease | PairCorr |
| 0.7 | ABCB | Ameris Bancorp | PairCorr |
| 0.71 | NTRSO | Northern Trust | PairCorr |
| 0.85 | GEL | Genesis Energy LP | PairCorr |
| 0.81 | ALFVF | Alfa Laval AB | PairCorr |
| 0.74 | CGON | CG Oncology Common | PairCorr |
| 0.72 | WEJTY | Webjet Limited | PairCorr |
| 0.75 | SOJE | Southern Company | PairCorr |
| 0.77 | SBKO | Summit Bank Group | PairCorr |
Moving against Reelcause Pink Sheet
| 0.51 | GBHPF | Global Hemp Group | PairCorr |
| 0.48 | GSTX | Graphene Solar Techn | PairCorr |
| 0.38 | EYPT | Eyepoint Pharmaceuticals Sell-off Trend | 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 Reelcause Pink Sheet performing well and Reelcause 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 Reelcause'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESNC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HTHL | 76.48 | 34.80 | 0.00 | 1.07 | 0.00 | 0.00 | 2,490 | |||
| AMCT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GCHT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IRNS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RBSY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GNAL | 55.44 | 26.73 | 0.39 | (3.48) | 18.74 | 200.00 | 888.89 | |||
| PHOT | 34.40 | 13.65 | 0.20 | (1.67) | 18.52 | 100.00 | 480.00 | |||
| SLUP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RUNI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Reelcause Corporate Executives
Elected by the shareholders, the Reelcause's board of directors comprises two types of representatives: Reelcause inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reelcause. The board's role is to monitor Reelcause's management team and ensure that shareholders' interests are well served. Reelcause'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, Reelcause's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xu Jianfeng | CFO and Principal Accounting Officer | Profile |