Round One Correlations

RNDOF Stock

USD 7.15 0.40 5.93%

The correlation of Round One 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.

Round One Correlation With Market

Average diversification

The correlation between Round One and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Round One and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Round Pink Sheet

0.74	OLCLF	Oriental Land	Pair Corr
0.64	OLCLY	Oriental Land	Pair Corr
0.63	SHMDF	Shimano	Pair Corr
0.68	SMNNY	Shimano Inc ADR	Pair Corr
0.63	NCBDY	BANDAI NAMCO Holdings	Pair Corr

Moving against Round Pink Sheet

0.68	PPERY	Bank Mandiri Persero	Pair Corr
0.54	PTBRY	Bank Negara Indonesia	Pair Corr
0.51	PBCRY	Bank Central Asia	Pair Corr
0.49	KB	KB Financial Group	Pair Corr
0.42	PPERF	Bank Mandiri Persero	Pair Corr
0.36	PBCRF	PT Bank Central	Pair Corr
0.77	FUSB	First Bancshares	Pair Corr
0.69	LSBK	Lake Shore Bancorp	Pair Corr
0.65	CAH	Cardinal Health	Pair Corr
0.55	YETI	YETI Holdings	Pair Corr
0.55	ACRE	Ares Commercial Real	Pair Corr
0.54	CDNA	CareDx Inc	Pair Corr
0.49	DLX	Deluxe	Pair Corr
0.47	SRRTF	Slate Grocery REIT	Pair Corr
0.45	HUBG	Hub Group	Pair Corr
0.42	SHG	Shinhan Financial	Pair Corr
0.31	IDEXY	Industria de Diseno	Pair Corr
0.31	RNECY	Renesas Electronics Corp	Pair Corr
0.63	CBTN	Citizens Bancorp Inv	Pair Corr
0.53	OP	Oceanpal Symbol Change	Pair Corr
0.4	LIFFF	Li FT Power	Pair Corr
0.35	SCCO	Southern Copper	Pair Corr

Related Correlations Analysis

	TOMYY	DTCGF	BSFFF	GPGNF	GMALY	SHALF	SNMSF	XTPEF	MIZUF	WIPKF
TOMYY		-0.77	0.33	0.72	0.1	0.38	-0.48	0.07	0.02	0.26	TOMYY
DTCGF	-0.77		-0.59	-0.81	-0.48	-0.62	0.11	0.04	-0.18	-0.63	DTCGF
BSFFF	0.33	-0.59		0.38	0.64	0.23	0.12	-0.03	0.16	0.49	BSFFF
GPGNF	0.72	-0.81	0.38		0.16	0.54	-0.22	0.09	0.03	0.39	GPGNF
GMALY	0.1	-0.48	0.64	0.16		0.26	0.26	-0.09	0.47	0.58	GMALY
SHALF	0.38	-0.62	0.23	0.54	0.26		0.24	-0.22	0.06	0.75	SHALF
SNMSF	-0.48	0.11	0.12	-0.22	0.26	0.24		-0.5	0.09	0.45	SNMSF
XTPEF	0.07	0.04	-0.03	0.09	-0.09	-0.22	-0.5		-0.02	-0.34	XTPEF
MIZUF	0.02	-0.18	0.16	0.03	0.47	0.06	0.09	-0.02		0.12	MIZUF
WIPKF	0.26	-0.63	0.49	0.39	0.58	0.75	0.45	-0.34	0.12		WIPKF
	TOMYY	DTCGF	BSFFF	GPGNF	GMALY	SHALF	SNMSF	XTPEF	MIZUF	WIPKF

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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

WIPKF	+ 0.75	SHALF
GPGNF	+ 0.72	TOMYY
GMALY	+ 0.64	BSFFF
WIPKF	+ 0.58	GMALY
SHALF	+ 0.54	GPGNF
WIPKF	+ 0.49	BSFFF

High negative correlations

GPGNF	- 0.81	DTCGF
DTCGF	- 0.77	TOMYY
WIPKF	- 0.63	DTCGF
SHALF	- 0.62	DTCGF
BSFFF	- 0.59	DTCGF
XTPEF	- 0.5	SNMSF

Risk-Adjusted Indicators

There is a big difference between Round Pink Sheet performing well and Round One 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 Round One'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
TOMYY	0.02	0.00	0.00	(0.62)	0.00	0.00	0.00	0.00	0.59
DTCGF	0.59	(0.31)	0.00	2.34	0.00	0.00	0.00	(2.68)	9.17
BSFFF	1.27	0.31	0.05	0.99	1.36	(5.58)	4.58	(1.45)	21.04
GPGNF	5.49	2.89	0.00	(2.35)	0.00	0.00	0.00	0.00	184.00
GMALY	0.38	0.20	0.00	(0.66)	0.00	0.00	0.00	0.00	12.46
SHALF	0.28	0.12	0.00	0.71	0.00	0.00	0.00	0.00	9.26
SNMSF	1.44	(0.14)	0.00	(0.23)	0.00	0.00	2.51	(3.14)	13.20
XTPEF	1.48	0.08	0.00	(0.05)	0.00	0.00	9.23	(4.55)	28.94
MIZUF	9.31	4.03	0.00	(4.66)	0.00	0.00	29.68	(13.47)	43.15
WIPKF	0.57	0.11	0.03	1.55	0.71	(1.57)	1.62	(0.98)	11.90

Be your own money manager

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