Sparta Capital Correlations

SCAXF Stock

USD 0.01 0 23.47%

The current 90-days correlation between Sparta Capital and Shimano Inc ADR is -0.15 (i.e., Good diversification). The correlation of Sparta Capital 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.

Sparta Capital Correlation With Market

Significant diversification

The correlation between Sparta Capital and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sparta Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sparta Pink Sheet

0.62	PBCRY	Bank Central Asia	Pair Corr
0.76	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Sparta Pink Sheet

0.69	BMYMP	Bristol Myers Squibb	Pair Corr
0.51	SNOW	Snowflake Trending	Pair Corr
0.44	AMZN	Amazon Inc	Pair Corr
0.39	GOOG	Alphabet Class C	Pair Corr
0.35	NVDA	NVIDIA	Pair Corr
0.83	DIS	Walt Disney Aggressive Push	Pair Corr
0.6	BAC	Bank of America Aggressive Push	Pair Corr
0.48	WMT	Walmart Aggressive Push	Pair Corr
0.43	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.4	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.39	T	ATT Inc Aggressive Push	Pair Corr
0.35	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	SMNNY	YAMCY	VSTO	HAS	SHMDF	NCBDY	NINOY	MAT	FNKO	JAKK
SMNNY		0.47	-0.87	0.55	0.94	0.44	-0.82	0.03	-0.1	-0.77	SMNNY
YAMCY	0.47		-0.29	0.88	0.58	0.63	-0.47	0.03	0.6	-0.4	YAMCY
VSTO	-0.87	-0.29		-0.28	-0.77	-0.38	0.88	0.06	0.37	0.7	VSTO
HAS	0.55	0.88	-0.28		0.61	0.66	-0.45	0.0	0.62	-0.43	HAS
SHMDF	0.94	0.58	-0.77	0.61		0.36	-0.72	0.06	0.01	-0.74	SHMDF
NCBDY	0.44	0.63	-0.38	0.66	0.36		-0.56	-0.03	0.36	-0.24	NCBDY
NINOY	-0.82	-0.47	0.88	-0.45	-0.72	-0.56		0.1	0.13	0.73	NINOY
MAT	0.03	0.03	0.06	0.0	0.06	-0.03	0.1		0.23	0.39	MAT
FNKO	-0.1	0.6	0.37	0.62	0.01	0.36	0.13	0.23		0.22	FNKO
JAKK	-0.77	-0.4	0.7	-0.43	-0.74	-0.24	0.73	0.39	0.22		JAKK
	SMNNY	YAMCY	VSTO	HAS	SHMDF	NCBDY	NINOY	MAT	FNKO	JAKK

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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

SHMDF	+ 0.94	SMNNY
HAS	+ 0.88	YAMCY
NINOY	+ 0.88	VSTO
JAKK	+ 0.73	NINOY
JAKK	+ 0.7	VSTO
NCBDY	+ 0.66	HAS

High negative correlations

VSTO	- 0.87	SMNNY
NINOY	- 0.82	SMNNY
SHMDF	- 0.77	VSTO
JAKK	- 0.77	SMNNY
JAKK	- 0.74	SHMDF
NINOY	- 0.72	SHMDF

Risk-Adjusted Indicators

There is a big difference between Sparta Pink Sheet performing well and Sparta Capital 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 Sparta Capital'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
SMNNY	1.33	(0.60)	0.00	(2.51)	0.00	0.00	1.83	(3.06)	7.36
YAMCY	1.44	(0.07)	0.00	(0.48)	0.00	0.00	2.60	(3.34)	15.55
VSTO	0.76	0.18	0.12	(41.77)	0.52	(1.03)	1.86	(1.42)	11.03
HAS	0.93	(0.07)	0.00	(0.80)	0.00	0.00	1.69	(1.52)	8.15
SHMDF	1.59	(0.55)	0.00	(4.12)	0.00	0.00	1.43	(7.06)	23.90
NCBDY	1.60	0.02	(0.01)	0.12	2.16	(1.54)	2.87	(3.16)	11.84
NINOY	2.03	0.18	0.05	0.64	2.37	(2.13)	4.67	(3.92)	13.50
MAT	1.27	(0.04)	0.00	0.43	0.00	0.00	2.93	(2.31)	11.42
FNKO	2.01	(0.04)	(0.02)	0.04	3.22	(1.83)	4.69	(5.27)	18.66
JAKK	1.97	0.33	0.11	2.63	2.05	(2.09)	3.97	(3.44)	20.03

Be your own money manager

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