Small Business Correlations

SBDG Stock

USD 0.49 0.00 0.00%

The correlation of Small Business 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.

Small Business Correlation With Market

Excellent diversification

The correlation between Small Business Development and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Business Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Small Pink Sheet

0.54	ITOCY	Itochu Corp ADR	Pair Corr
0.43	MITSF	Mitsui Co	Pair Corr
0.43	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.42	MITSY	Mitsui Company	Pair Corr
0.39	BMYMP	Bristol Myers Squibb	Pair Corr
0.31	GOOG	Alphabet Class C	Pair Corr
0.6	DIS	Walt Disney	Pair Corr
0.57	JPM	JPMorgan Chase	Pair Corr
0.52	BA	Boeing	Pair Corr
0.49	BAC	Bank of America Aggressive Push	Pair Corr
0.47	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	PTEEF	CCGM	AXXA	DTII	TLSS	MRDH	ATWT	INOH
PTEEF		0.0	-0.35	0.37	-0.05	0.44	-0.23	0.0	PTEEF
CCGM	0.0		0.0	0.0	0.0	0.0	0.0	1.0	CCGM
AXXA	-0.35	0.0		0.1	0.34	-0.31	0.29	0.0	AXXA
DTII	0.37	0.0	0.1		0.33	-0.06	-0.01	0.0	DTII
TLSS	-0.05	0.0	0.34	0.33		-0.34	0.32	0.0	TLSS
MRDH	0.44	0.0	-0.31	-0.06	-0.34		-0.44	0.0	MRDH
ATWT	-0.23	0.0	0.29	-0.01	0.32	-0.44		0.0	ATWT
INOH	0.0	1.0	0.0	0.0	0.0	0.0	0.0		INOH
	PTEEF	CCGM	AXXA	DTII	TLSS	MRDH	ATWT	INOH

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

INOH	+ 1.0	CCGM
MRDH	+ 0.44	PTEEF
DTII	+ 0.37	PTEEF
TLSS	+ 0.34	AXXA
TLSS	+ 0.33	DTII
ATWT	+ 0.32	TLSS

High negative correlations

ATWT	- 0.44	MRDH
AXXA	- 0.35	PTEEF
MRDH	- 0.34	TLSS
MRDH	- 0.31	AXXA
ATWT	- 0.23	PTEEF
MRDH	- 0.06	DTII

Risk-Adjusted Indicators

There is a big difference between Small Pink Sheet performing well and Small Business 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 Small Business' 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
PTEEF	2.33	(0.26)	0.00	(0.47)	0.00	0.00	10.77	(5.66)	50.68
CCGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AXXA	13.53	1.99	0.09	(23.08)	12.51	(29.90)	33.33	(25.00)	83.33
DTII	640.80	332.71	6.61	(1.95)	12.37	(1,829)	17.12	(42.67)	19,900
TLSS	11.75	2.97	0.00	2.25	0.00	0.00	100.00	(50.00)	150.00
MRDH	0.56	(0.14)	0.00	(5.66)	0.00	0.00	0.00	0.00	19.85
ATWT	7.23	0.60	0.04	1.20	8.10	(16.54)	20.00	(18.18)	62.50
INOH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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