Star Phoenix Correlations

RGRLF Stock

USD 0.26 0.02 7.14%

The current 90-days correlation between Star Phoenix Group and Northern Star Resources is 0.12 (i.e., Average diversification). The correlation of Star Phoenix 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.

Star Phoenix Correlation With Market

Modest diversification

The correlation between Star Phoenix Group and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Phoenix Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Star Pink Sheet

0.7	MSFT	Microsoft Sell-off Trend	Pair Corr
0.74	META	Meta Platforms	Pair Corr
0.64	SWRM	Appswarm	Pair Corr

Moving against Star Pink Sheet

0.77	AKAM	Akamai Technologies	Pair Corr
0.74	PHAR	Pharming Group NV	Pair Corr
0.69	BMYMP	Bristol Myers Squibb	Pair Corr
0.68	REGN	Regeneron Pharmaceuticals	Pair Corr
0.67	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.61	AAPL	Apple Inc	Pair Corr
0.45	68233JBP8	US68233JBP84	Pair Corr
0.43	CLRI	Cleartronic	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.37	BAC	Bank of America Aggressive Push	Pair Corr
0.33	TAK	Takeda Pharmaceutical	Pair Corr
0.32	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr
0.32	EGP	EastGroup Properties	Pair Corr
0.8	RLMD	Relmada Therapeutics	Pair Corr
0.78	DNLMY	Dunelm Group PLC	Pair Corr
0.71	IDN	Intellicheck Mobilisa	Pair Corr
0.67	CHACR	Crane Harbor Acquisition	Pair Corr
0.66	SHIP	Seanergy Maritime	Pair Corr
0.57	GM	General Motors	Pair Corr
0.53	CX	Cemex SAB de Aggressive Push	Pair Corr
0.49	APGE	Apogee Therapeutics,	Pair Corr
0.47	AAL	American Airlines	Pair Corr

Related Correlations Analysis

	NESRF	VLOWY	ALMMF	LUGDF	GFIOF	NISTF	SLMNP	NVZMF	TCKRF	FNLPF
NESRF		-0.17	0.59	0.86	0.27	-0.45	-0.12	0.43	-0.42	0.71	NESRF
VLOWY	-0.17		-0.21	-0.29	-0.1	0.07	0.23	-0.05	0.44	-0.15	VLOWY
ALMMF	0.59	-0.21		0.64	-0.2	-0.12	-0.34	0.25	-0.57	0.37	ALMMF
LUGDF	0.86	-0.29	0.64		0.08	-0.43	-0.34	0.45	-0.61	0.71	LUGDF
GFIOF	0.27	-0.1	-0.2	0.08		-0.23	0.35	-0.05	0.12	0.43	GFIOF
NISTF	-0.45	0.07	-0.12	-0.43	-0.23		0.21	-0.38	0.45	-0.13	NISTF
SLMNP	-0.12	0.23	-0.34	-0.34	0.35	0.21		-0.27	0.68	0.17	SLMNP
NVZMF	0.43	-0.05	0.25	0.45	-0.05	-0.38	-0.27		-0.29	0.19	NVZMF
TCKRF	-0.42	0.44	-0.57	-0.61	0.12	0.45	0.68	-0.29		-0.13	TCKRF
FNLPF	0.71	-0.15	0.37	0.71	0.43	-0.13	0.17	0.19	-0.13		FNLPF
	NESRF	VLOWY	ALMMF	LUGDF	GFIOF	NISTF	SLMNP	NVZMF	TCKRF	FNLPF

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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

LUGDF	+ 0.86	NESRF
FNLPF	+ 0.71	NESRF
FNLPF	+ 0.71	LUGDF
TCKRF	+ 0.68	SLMNP
LUGDF	+ 0.64	ALMMF
ALMMF	+ 0.59	NESRF

High negative correlations

TCKRF	- 0.61	LUGDF
TCKRF	- 0.57	ALMMF
NISTF	- 0.45	NESRF
NISTF	- 0.43	LUGDF
TCKRF	- 0.42	NESRF
NVZMF	- 0.38	NISTF

Risk-Adjusted Indicators

There is a big difference between Star Pink Sheet performing well and Star Phoenix 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 Star Phoenix'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
NESRF	2.02	0.26	0.08	0.58	2.42	(2.39)	5.32	(4.20)	14.27
VLOWY	2.61	0.10	(0.01)	(0.09)	3.17	(2.85)	6.12	(4.94)	15.66
ALMMF	5.33	0.75	0.10	0.41	5.63	(8.33)	13.73	(11.76)	38.19
LUGDF	2.53	0.53	0.14	0.58	3.49	(2.81)	6.88	(3.31)	21.93
GFIOF	1.40	0.23	0.01	(0.15)	2.20	(9.42)	7.72	(3.74)	20.91
NISTF	3.72	(1.14)	0.00	9.38	0.00	0.00	4.24	(5.54)	91.02
SLMNP	0.42	(0.06)	0.00	(0.22)	0.00	0.00	1.72	(1.69)	4.54
NVZMF	1.85	0.12	0.01	(0.36)	1.94	(2.65)	4.84	(3.67)	10.02
TCKRF	0.88	(0.38)	0.00	(0.45)	0.00	0.00	0.26	(0.74)	24.98
FNLPF	2.39	0.52	0.13	0.84	3.21	(2.56)	6.16	(3.37)	22.59

Be your own money manager

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