IConsumer Corp Correlations

RWRDP Stock

USD 0.0003 0.00 0.00%

The current 90-days correlation between iConsumer Corp and Scientific Energy is 0.02 (i.e., Significant diversification). The correlation of IConsumer Corp 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.

IConsumer Corp Correlation With Market

Poor diversification

The correlation between iConsumer Corp and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iConsumer Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IConsumer Pink Sheet

0.73	BAIDF	Baidu Inc	Pair Corr
0.74	BIDU	Baidu Inc	Pair Corr
0.61	BKRKY	Bank Rakyat	Pair Corr
0.7	DAWN	Day One Biopharmaceu	Pair Corr
0.85	STMZF	Scottish Mortgage	Pair Corr
0.61	SNBR	Sleep Number Corp	Pair Corr
0.79	TOELF	Tokyo Electron	Pair Corr
0.63	PSEC	Prospect Capital	Pair Corr
0.69	JUTOY	Jutal Offshore Oil	Pair Corr
0.69	PAGP	Plains GP Holdings	Pair Corr
0.63	NDGPY	Nine Dragons Paper	Pair Corr
0.67	NPSCY	Nippon Steel Corp	Pair Corr

Moving against IConsumer Pink Sheet

0.72	PBCRY	Bank Central Asia	Pair Corr
0.64	PBCRF	PT Bank Central	Pair Corr
0.48	PROSF	Prosus	Pair Corr
0.41	PROSY	Prosus NV ADR	Pair Corr
0.38	TCEHY	Tencent Holdings	Pair Corr
0.35	TCTZF	Tencent Holdings	Pair Corr
0.35	DASH	DoorDash Class A Sell-off Trend	Pair Corr
0.36	PCLI	Protocall Technologs	Pair Corr
0.5	EXROF	Exro Technologies	Pair Corr
0.41	IPEXU	Inflection Point Acq Symbol Change	Pair Corr

Related Correlations Analysis

	SCGY	MSEZ	SPMMF	ELRE	OPESF	STEAF	OPNDF	YLWDF	NUVR
SCGY		0.15	-0.22	-0.09	-0.32	-0.77	0.4	-0.2	-0.52	SCGY
MSEZ	0.15		-0.32	-0.16	-0.53	-0.33	-0.13	-0.39	0.34	MSEZ
SPMMF	-0.22	-0.32		-0.01	0.67	0.28	-0.09	0.86	0.19	SPMMF
ELRE	-0.09	-0.16	-0.01		-0.02	0.11	-0.03	0.06	0.1	ELRE
OPESF	-0.32	-0.53	0.67	-0.02		0.42	-0.13	0.79	0.18	OPESF
STEAF	-0.77	-0.33	0.28	0.11	0.42		-0.26	0.23	0.22	STEAF
OPNDF	0.4	-0.13	-0.09	-0.03	-0.13	-0.26		-0.2	-0.45	OPNDF
YLWDF	-0.2	-0.39	0.86	0.06	0.79	0.23	-0.2		0.29	YLWDF
NUVR	-0.52	0.34	0.19	0.1	0.18	0.22	-0.45	0.29		NUVR
	SCGY	MSEZ	SPMMF	ELRE	OPESF	STEAF	OPNDF	YLWDF	NUVR

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

YLWDF	+ 0.86	SPMMF
YLWDF	+ 0.79	OPESF
OPESF	+ 0.67	SPMMF
STEAF	+ 0.42	OPESF
OPNDF	+ 0.4	SCGY
NUVR	+ 0.34	MSEZ

High negative correlations

STEAF	- 0.77	SCGY
OPESF	- 0.53	MSEZ
NUVR	- 0.52	SCGY
NUVR	- 0.45	OPNDF
YLWDF	- 0.39	MSEZ
STEAF	- 0.33	MSEZ

Risk-Adjusted Indicators

There is a big difference between IConsumer Pink Sheet performing well and IConsumer Corp 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 IConsumer Corp'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
SCGY	2.67	(1.40)	0.00	(3.31)	0.00	0.00	0.00	0.00	89.62
MSEZ	7.02	1.48	0.00	(2.44)	0.00	0.00	33.93	(20.00)	144.83
SPMMF	10.30	5.24	0.00	(23.29)	0.00	0.00	0.00	0.00	345.00
ELRE	4.36	0.96	0.00	0.30	0.00	0.00	0.00	0.00	203.49
OPESF	1.71	0.80	0.00	1.30	0.00	0.00	0.00	0.00	57.14
STEAF	0.16	0.04	0.00	(0.82)	0.00	0.00	0.00	0.00	5.33
OPNDF	1.30	(0.44)	0.00	0.55	0.00	0.00	0.00	0.00	36.67
YLWDF	0.73	0.24	0.00	1.19	0.00	0.00	3.47	0.00	9.59
NUVR	1.65	0.18	0.04	0.35	2.29	(2.32)	4.53	(4.45)	19.27

Be your own money manager

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