School Specialty Correlations

SCOO Stock

USD 0.0001 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as School Specialty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if School Specialty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

Moving together with School Pink Sheet

1.0	CDVM	Carson Development	Pair Corr
1.0	FCTI	Fact Inc	Pair Corr
1.0	PNGM	Er Therapeutics	Pair Corr
1.0	URYL	United Royale Holdings	Pair Corr

Moving against School Pink Sheet

1.0

SNCF

Sanarco Funds

Pair Corr

Related Correlations Analysis

	CRFCF	BOMH	MTTRY	BWTL	EYE	SBH	HZO	CASY	LESL
CRFCF		0.66	-0.13	0.12	-0.63	-0.24	0.34	-0.55	-0.13	CRFCF
BOMH	0.66		-0.02	0.1	-0.52	-0.15	0.41	-0.66	-0.2	BOMH
MTTRY	-0.13	-0.02		-0.43	0.13	0.32	0.06	0.35	-0.21	MTTRY
BWTL	0.12	0.1	-0.43		-0.4	-0.52	-0.24	-0.27	0.13	BWTL
EYE	-0.63	-0.52	0.13	-0.4		0.41	0.12	0.42	0.37	EYE
SBH	-0.24	-0.15	0.32	-0.52	0.41		0.45	0.01	0.07	SBH
HZO	0.34	0.41	0.06	-0.24	0.12	0.45		-0.37	0.0	HZO
CASY	-0.55	-0.66	0.35	-0.27	0.42	0.01	-0.37		0.04	CASY
LESL	-0.13	-0.2	-0.21	0.13	0.37	0.07	0.0	0.04		LESL
	CRFCF	BOMH	MTTRY	BWTL	EYE	SBH	HZO	CASY	LESL

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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

BOMH	+ 0.66	CRFCF
HZO	+ 0.45	SBH
CASY	+ 0.42	EYE
HZO	+ 0.41	BOMH
SBH	+ 0.41	EYE
LESL	+ 0.37	EYE

High negative correlations

CASY	- 0.66	BOMH
EYE	- 0.63	CRFCF
CASY	- 0.55	CRFCF
SBH	- 0.52	BWTL
EYE	- 0.52	BOMH
BWTL	- 0.43	MTTRY

Risk-Adjusted Indicators

There is a big difference between School Pink Sheet performing well and School Specialty 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 School Specialty'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
CRFCF	0.92	0.03	0.00	0.82	0.00	0.00	0.00	0.00	51.36
BOMH	1.49	(0.58)	0.00	(0.39)	0.00	0.00	0.00	0.00	53.33
MTTRY	3.19	0.17	0.01	(14.53)	3.54	(7.19)	11.32	(7.58)	29.46
BWTL	0.60	(0.12)	0.00	(0.26)	0.00	0.00	1.01	(2.50)	18.45
EYE	1.89	0.10	0.02	0.29	1.96	(2.17)	4.82	(3.21)	10.35
SBH	1.84	0.09	(0.04)	(0.03)	1.87	(2.13)	4.25	(2.78)	12.66
HZO	2.40	(0.01)	0.00	0.15	0.00	0.00	6.01	(4.71)	18.16
CASY	1.29	0.10	0.04	0.27	1.25	(1.52)	2.74	(2.19)	10.48
LESL	3.79	(0.13)	(0.02)	0.00	4.63	(4.18)	8.33	(8.31)	32.83

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