Rooshine Correlations

RSAU Stock

USD 0.26 0.05 23.81%

The correlation of Rooshine 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.

Rooshine Correlation With Market

Significant diversification

The correlation between Rooshine and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rooshine and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rooshine Pink Sheet

0.69	DGEAF	Diageo plc	Pair Corr
0.67	PRNDY	Pernod Ricard SA	Pair Corr
0.62	PDRDF	Pernod Ricard SA	Pair Corr
0.72	DEO	Diageo PLC ADR	Pair Corr

Moving against Rooshine Pink Sheet

0.62	FMSTW	Foremost Lithium Resource	Pair Corr
0.58	STZ	Constellation Brands	Pair Corr
0.58	ERHE	ERHC Energy	Pair Corr
0.57	TBVPY	Thai Beverage PCL	Pair Corr
0.55	BF-B	Brown Forman	Pair Corr
0.34	DVDCF	Davide Campari Milano	Pair Corr
0.85	BORR	Borr Drilling	Pair Corr
0.79	MNRO	Monro Muffler Brake	Pair Corr
0.77	FBKIF	First International Bank	Pair Corr
0.76	CHMI	Cherry Hill Mortgage	Pair Corr
0.74	WSBK	Winchester Bancorp,	Pair Corr
0.72	HSBC	HSBC Holdings PLC Normal Trading	Pair Corr
0.69	TPB	Turning Point Brands	Pair Corr
0.64	TFSL	TFS Financial	Pair Corr
0.59	TXMD	TherapeuticsMD	Pair Corr
0.56	ISPO	Inspirato	Pair Corr
0.87	VWAGY	Volkswagen AG 110	Pair Corr
0.87	TFC	Truist Financial Corp	Pair Corr
0.8	GDYN	Grid Dynamics Holdings	Pair Corr
0.8	VELO	Velo3D, Tech Boost	Pair Corr
0.78	CMTDF	Sumitomo Mitsui Trust	Pair Corr
0.77	XCUR	Exicure	Pair Corr

Related Correlations Analysis

	SVIN	HRSR	IFBC	PLVFF	CYAN	APRU	TBEV	ASPU	BRWC	ASCC
SVIN		0.0	0.75	0.0	-0.6	0.7	0.0	-0.56	0.3	-0.13	SVIN
HRSR	0.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	HRSR
IFBC	0.75	0.0		0.0	-0.45	0.41	0.0	-0.25	0.3	0.01	IFBC
PLVFF	0.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PLVFF
CYAN	-0.6	0.0	-0.45	0.0		-0.56	0.0	0.53	0.06	0.07	CYAN
APRU	0.7	0.0	0.41	0.0	-0.56		0.0	-0.56	-0.05	-0.11	APRU
TBEV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TBEV
ASPU	-0.56	0.0	-0.25	0.0	0.53	-0.56	0.0		0.14	0.33	ASPU
BRWC	0.3	0.0	0.3	0.0	0.06	-0.05	0.0	0.14		0.06	BRWC
ASCC	-0.13	0.0	0.01	0.0	0.07	-0.11	0.0	0.33	0.06		ASCC
	SVIN	HRSR	IFBC	PLVFF	CYAN	APRU	TBEV	ASPU	BRWC	ASCC

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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

PLVFF	+ 1.0	HRSR
IFBC	+ 0.75	SVIN
APRU	+ 0.7	SVIN
ASPU	+ 0.53	CYAN
APRU	+ 0.41	IFBC
ASCC	+ 0.33	ASPU

High negative correlations

CYAN	- 0.6	SVIN
ASPU	- 0.56	APRU
APRU	- 0.56	CYAN
ASPU	- 0.56	SVIN
CYAN	- 0.45	IFBC
ASPU	- 0.25	IFBC

Risk-Adjusted Indicators

There is a big difference between Rooshine Pink Sheet performing well and Rooshine 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 Rooshine'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
SVIN	1.68	(0.79)	0.00	5.57	0.00	0.00	0.59	(7.55)	19.06
HRSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFBC	6.21	(0.51)	0.00	(0.34)	0.00	0.00	13.33	(17.86)	63.35
PLVFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYAN	9.11	1.32	0.09	(1.34)	9.92	(14.92)	25.00	(17.95)	99.70
APRU	11.11	0.23	0.01	0.20	12.42	(28.59)	33.33	(25.00)	80.00
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASPU	7.05	1.07	0.07	0.62	8.87	(11.73)	20.00	(12.65)	82.11
BRWC	2.54	0.26	0.01	(0.14)	4.18	(16.97)	9.52	(8.89)	49.07
ASCC	4.82	1.30	0.00	0.64	0.00	0.00	12.40	(5.71)	165.04

Be your own money manager

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