Hash Correlations

REZNF Stock

USD 0.0003 0.00 0.00%

The current 90-days correlation between Hash and Greater Cannabis is -0.67 (i.e., Excellent diversification). The correlation of Hash 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.

Hash Correlation With Market

Average diversification

The correlation between The Hash and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hash and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Hash Pink Sheet

0.81	AVAL	Grupo Aval	Pair Corr
0.78	F	Ford Motor	Pair Corr
0.72	BCH	Banco De Chile	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.59	TEVA	Teva Pharma Industries	Pair Corr
0.54	WSFS	WSFS Financial	Pair Corr
0.5	TEVA	Teva Pharmaceutical	Pair Corr
0.49	HLN	Haleon plc	Pair Corr
0.48	HLNCF	Haleon plc	Pair Corr
0.44	ACN	Accenture plc	Pair Corr
0.42	WF	Woori Financial Group	Pair Corr
0.74	IBM	International Business	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.63	MMM	3M Company Earnings Call This Week	Pair Corr
0.62	ATI	Allegheny Technologies	Pair Corr
0.6	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.6	KO	Coca Cola Sell-off Trend	Pair Corr
0.56	CAT	Caterpillar Sell-off Trend	Pair Corr
0.55	BAC	Bank of America	Pair Corr
0.54	PFE	Pfizer Inc	Pair Corr
0.53	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.41	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.39	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	WRHLF	GREH	TRCNF	BBBT	LRDSF	INLB	EAPH	GCAN	MOBO	CANL
WRHLF		0.0	1.0	1.0	1.0	1.0	0.0	0.0	1.0	1.0	WRHLF
GREH	0.0		0.0	0.0	0.0	0.0	0.0	-0.01	0.0	0.0	GREH
TRCNF	1.0	0.0		1.0	1.0	1.0	0.0	0.0	1.0	1.0	TRCNF
BBBT	1.0	0.0	1.0		1.0	1.0	0.0	0.0	1.0	1.0	BBBT
LRDSF	1.0	0.0	1.0	1.0		1.0	0.0	0.0	1.0	1.0	LRDSF
INLB	1.0	0.0	1.0	1.0	1.0		0.0	0.0	1.0	1.0	INLB
EAPH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EAPH
GCAN	0.0	-0.01	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GCAN
MOBO	1.0	0.0	1.0	1.0	1.0	1.0	0.0	0.0		1.0	MOBO
CANL	1.0	0.0	1.0	1.0	1.0	1.0	0.0	0.0	1.0		CANL
	WRHLF	GREH	TRCNF	BBBT	LRDSF	INLB	EAPH	GCAN	MOBO	CANL

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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

TRCNF	+ 1.0	WRHLF
BBBT	+ 1.0	WRHLF
LRDSF	+ 1.0	WRHLF
INLB	+ 1.0	WRHLF
MOBO	+ 1.0	WRHLF
CANL	+ 1.0	WRHLF

High negative correlations

GCAN	- 0.01	GREH
CANL	- 0.0	GCAN
MOBO	- 0.0	GCAN
CANL	- 0.0	EAPH
MOBO	- 0.0	EAPH
GCAN	- 0.0	EAPH

Risk-Adjusted Indicators

There is a big difference between Hash Pink Sheet performing well and Hash 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 Hash'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
WRHLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GREH	17.19	3.57	0.23	0.55	14.42	(25.89)	38.10	(27.14)	193.24
TRCNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LRDSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EAPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCAN	25.40	6.98	0.14	(1.58)	22.75	(52.28)	95.65	(63.79)	304.76
MOBO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CANL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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