Scotch Creek Correlations
| SCVFF Stock | USD 0.01 0 13.25% |
The current 90-days correlation between Scotch Creek Ventures and Mundoro Capital is 0.18 (i.e., Average diversification). The correlation of Scotch Creek 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.
Scotch Creek Correlation With Market
Good diversification
The correlation between Scotch Creek Ventures and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scotch Creek Ventures and DJI in the same portfolio, assuming nothing else is changed.
Scotch |
The ability to find closely correlated positions to Scotch Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scotch Creek 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 Scotch Creek - 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 Scotch Creek Ventures to buy it.
Moving against Scotch Pink Sheet
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| 0.71 | ALAB | Astera Labs, Common | PairCorr |
| 0.69 | ITCL | Banco Ita Chile | PairCorr |
| 0.67 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | APLD | Applied Blockchain | PairCorr |
| 0.63 | ZM | Zoom Video Communications | PairCorr |
| 0.62 | FNMFO | Federal National Mortgage | PairCorr |
| 0.62 | MRVL | Marvell Technology Earnings Call Tomorrow | PairCorr |
| 0.56 | GM | General Motors | PairCorr |
| 0.55 | NVDA | NVIDIA | PairCorr |
| 0.4 | CIB | Bancolombia SA ADR | PairCorr |
| 0.38 | AVAL | Grupo Aval | PairCorr |
| 0.38 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.37 | KB | KB Financial Group | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Scotch Creek 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.Did you try this?
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