Redwood Financial Correlations

REDW Stock

USD 220.00 0.00 0.00%

The current 90-days correlation between Redwood Financial and Oconee Federal Financial is -0.13 (i.e., Good diversification). The correlation of Redwood Financial 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.

Redwood Financial Correlation With Market

Average diversification

The correlation between Redwood Financial and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Redwood Pink Sheet

0.8	CIHKY	China Merchants Bank	Pair Corr
0.67	CIHHF	China Merchants Bank	Pair Corr
0.83	BBDC4	Banco Bradesco SA	Pair Corr
0.7	HYMTF	Hyundai Motor	Pair Corr
0.64	RLMD	Relmada Therapeutics	Pair Corr
0.61	GM	General Motors	Pair Corr

Moving against Redwood Pink Sheet

0.64	USB-PH	US Bancorp	Pair Corr
0.49	BNPQY	BNP Paribas SA	Pair Corr
0.4	TKURF	Tokyu REIT	Pair Corr
0.58	26442TAG2	US26442TAG22	Pair Corr
0.54	SWRM	Appswarm	Pair Corr
0.49	RGC	Regencell Bioscience	Pair Corr

Related Correlations Analysis

	OFED	FCOB	FSRL	TRVR	BCTF	PFBX	HARL	PPBN	KTHN	GABA
OFED		0.2	-0.33	-0.1	0.28	-0.01	0.02	-0.02	0.07	0.27	OFED
FCOB	0.2		0.66	0.83	-0.11	0.15	0.7	0.89	0.77	0.67	FCOB
FSRL	-0.33	0.66		0.89	-0.38	-0.1	0.72	0.79	0.56	0.24	FSRL
TRVR	-0.1	0.83	0.89		-0.36	0.02	0.78	0.93	0.72	0.51	TRVR
BCTF	0.28	-0.11	-0.38	-0.36		-0.18	-0.14	-0.27	-0.23	-0.02	BCTF
PFBX	-0.01	0.15	-0.1	0.02	-0.18		0.0	0.13	0.09	0.32	PFBX
HARL	0.02	0.7	0.72	0.78	-0.14	0.0		0.78	0.65	0.43	HARL
PPBN	-0.02	0.89	0.79	0.93	-0.27	0.13	0.78		0.84	0.65	PPBN
KTHN	0.07	0.77	0.56	0.72	-0.23	0.09	0.65	0.84		0.7	KTHN
GABA	0.27	0.67	0.24	0.51	-0.02	0.32	0.43	0.65	0.7		GABA
	OFED	FCOB	FSRL	TRVR	BCTF	PFBX	HARL	PPBN	KTHN	GABA

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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

PPBN	+ 0.93	TRVR
PPBN	+ 0.89	FCOB
TRVR	+ 0.89	FSRL
KTHN	+ 0.84	PPBN
TRVR	+ 0.83	FCOB
PPBN	+ 0.79	FSRL

High negative correlations

BCTF	- 0.38	FSRL
BCTF	- 0.36	TRVR
FSRL	- 0.33	OFED
PPBN	- 0.27	BCTF
KTHN	- 0.23	BCTF
PFBX	- 0.18	BCTF

Risk-Adjusted Indicators

There is a big difference between Redwood Pink Sheet performing well and Redwood Financial 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 Redwood Financial'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
OFED	1.26	0.14	0.01	0.77	2.23	(3.36)	5.36	(3.02)	24.80
FCOB	0.83	0.19	0.19	0.46	0.50	(1.11)	1.98	(1.20)	10.44
FSRL	1.11	0.31	0.11	(9.55)	1.18	(1.83)	3.74	(2.94)	9.80
TRVR	1.22	0.51	0.24	1.51	0.65	(2.07)	3.07	(1.48)	16.03
BCTF	1.04	0.07	(0.01)	(0.22)	1.48	(1.69)	4.22	(2.81)	12.63
PFBX	0.80	(0.01)	(0.02)	0.03	1.64	(1.49)	0.91	(1.04)	19.09
HARL	0.69	0.06	(0.01)	(0.89)	0.84	(0.82)	1.60	(1.46)	4.28
PPBN	0.78	0.24	0.19	1.02	0.39	(1.13)	2.58	(1.22)	6.91
KTHN	0.64	0.08	0.01	0.75	0.83	(0.94)	1.56	(1.85)	5.77
GABA	1,810	925.19	0.00	9.81	0.00	0.00	0.67	0.00	32,000

Be your own money manager

Our tools can tell you how much better you can do entering a position in Redwood Financial 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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Redwood Financial Corporate Management

Anthony Acker	Chief Association	Profile
Kristen Beran	Treasurer Operations	Profile
Julie Krueger	VP CTO	Profile
Sarah Riga	Compliance Officer	Profile
Cathy Prouty	Co Sec	Profile
Bob Southworth	Chief Pres	Profile
Dean Toft	Director	Profile

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