SH Resources Correlations

SDAD Stock

USD 0.09 0.00 0.00%

The current 90-days correlation between SH Resources Development and St Joseph is -0.02 (i.e., Good diversification). The correlation of SH Resources 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.

SH Resources Correlation With Market

Significant diversification

The correlation between SH Resources Development and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SH Resources Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SDAD Pink Sheet

0.73	F	Ford Motor	Pair Corr
0.86	RLMD	Relmada Therapeutics	Pair Corr
0.66	KYOCF	Kyocera	Pair Corr
0.74	DNLMY	Dunelm Group PLC	Pair Corr
0.85	AKAM	Akamai Technologies	Pair Corr
0.67	STAG	STAG Industrial	Pair Corr
0.83	REGN	Regeneron Pharmaceuticals	Pair Corr
0.8	SHIP	Seanergy Maritime	Pair Corr

Moving against SDAD Pink Sheet

0.86	AUR	Aurora Innovation	Pair Corr
0.77	XXI	Twenty One Capital,	Pair Corr
0.74	MNTN	MNTN, Inc	Pair Corr
0.74	NIO	Nio Class A	Pair Corr
0.72	RXRX	Recursion Pharmaceuticals	Pair Corr
0.71	PLUG	Plug Power	Pair Corr
0.71	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.58	SWRM	Appswarm	Pair Corr
0.51	26442TAG2	US26442TAG22	Pair Corr
0.33	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	STJO	GEGP	GRNL	CRFU	CNER	GRLF	ATYG	MDCE	INOQ	FWFW
STJO		-0.03	-0.54	0.0	0.17	0.05	0.0	-0.1	0.0	-0.41	STJO
GEGP	-0.03		-0.48	0.0	-0.05	-0.33	0.0	0.53	0.0	-0.38	GEGP
GRNL	-0.54	-0.48		0.0	0.11	0.37	0.0	-0.44	0.0	0.62	GRNL
CRFU	0.0	0.0	0.0		0.0	0.0	1.0	0.0	0.0	0.0	CRFU
CNER	0.17	-0.05	0.11	0.0		-0.22	0.0	-0.09	0.0	-0.09	CNER
GRLF	0.05	-0.33	0.37	0.0	-0.22		0.0	-0.22	0.0	0.18	GRLF
ATYG	0.0	0.0	0.0	1.0	0.0	0.0		0.0	0.0	0.0	ATYG
MDCE	-0.1	0.53	-0.44	0.0	-0.09	-0.22	0.0		0.0	-0.25	MDCE
INOQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	INOQ
FWFW	-0.41	-0.38	0.62	0.0	-0.09	0.18	0.0	-0.25	0.0		FWFW
	STJO	GEGP	GRNL	CRFU	CNER	GRLF	ATYG	MDCE	INOQ	FWFW

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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

ATYG	+ 1.0	CRFU
FWFW	+ 0.62	GRNL
MDCE	+ 0.53	GEGP
GRLF	+ 0.37	GRNL
FWFW	+ 0.18	GRLF
CNER	+ 0.17	STJO

High negative correlations

GRNL	- 0.54	STJO
GRNL	- 0.48	GEGP
MDCE	- 0.44	GRNL
FWFW	- 0.41	STJO
FWFW	- 0.38	GEGP
GRLF	- 0.33	GEGP

Risk-Adjusted Indicators

There is a big difference between SDAD Pink Sheet performing well and SH Resources 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 SH Resources' 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
STJO	4.54	1.22	0.00	0.25	0.00	0.00	0.43	0.00	175.81
GEGP	10.15	3.54	0.00	1.10	0.00	0.00	50.00	0.00	233.33
GRNL	18.84	1.51	0.04	(0.08)	18.42	(27.85)	49.00	(33.33)	140.83
CRFU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNER	1.93	(0.35)	0.00	(0.09)	0.00	0.00	0.00	(8.33)	41.56
GRLF	7,458	4,173	60.74	(0.69)	0.00	(31,325)	100.00	(50.00)	249,976
ATYG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDCE	14.08	1.87	0.09	0.32	13.02	(35.60)	33.33	(25.00)	106.67
INOQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FWFW	8.57	1.45	0.00	1.88	0.00	0.00	3.17	(12.33)	260.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in SH Resources 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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