Serko Correlations

SERKF Stock

USD 1.58 0.00 0.00%

The current 90-days correlation between Serko Limited and Seeing Machines Limited is -0.06 (i.e., Good diversification). The correlation of Serko 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.

Serko Correlation With Market

Weak diversification

The correlation between Serko Limited and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Serko Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Serko Pink Sheet

0.82	MSFT	Microsoft Sell-off Trend	Pair Corr
0.75	ORCL	Oracle Aggressive Push	Pair Corr
0.68	HOOD	Robinhood Markets	Pair Corr
0.75	ADYEY	Adyen NV	Pair Corr

Moving against Serko Pink Sheet

0.64	HIRU	Hiru	Pair Corr
0.46	ERHE	ERHC Energy	Pair Corr
0.33	TFIN	Triumph Financial,	Pair Corr
0.56	TGS	Transportadora de Gas	Pair Corr
0.54	ATRO	Astronics	Pair Corr
0.53	DNGFF	Dongfang ElectricLimited	Pair Corr
0.52	TPB	Turning Point Brands	Pair Corr
0.41	SPGI	SP Global	Pair Corr
0.36	PFE	Pfizer Inc	Pair Corr
0.32	GPAEF	Grupo Aeroportuario del	Pair Corr
0.76	DGWR	Critic Clothing	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.68	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.64	TGI	Triumph Group	Pair Corr
0.6	LMND	Lemonade	Pair Corr
0.48	RIVN	Rivian Automotive Aggressive Push	Pair Corr

Related Correlations Analysis

	SEEMF	DYNDF	IARGF	EXSPF	OTPMF	WSKEF	ERDLF	EMCHF	FSOYF	DUSXF
SEEMF		-0.7	0.0	0.38	0.0	0.76	0.67	-0.73	0.0	0.0	SEEMF
DYNDF	-0.7		0.0	-0.09	0.0	-0.75	-0.84	0.79	0.0	0.0	DYNDF
IARGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	IARGF
EXSPF	0.38	-0.09	0.0		0.0	0.28	0.09	-0.1	0.0	0.0	EXSPF
OTPMF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	1.0	OTPMF
WSKEF	0.76	-0.75	0.0	0.28	0.0		0.6	-0.66	0.0	0.0	WSKEF
ERDLF	0.67	-0.84	0.0	0.09	0.0	0.6		-0.91	0.0	0.0	ERDLF
EMCHF	-0.73	0.79	0.0	-0.1	0.0	-0.66	-0.91		0.0	0.0	EMCHF
FSOYF	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		-1.0	FSOYF
DUSXF	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	-1.0		DUSXF
	SEEMF	DYNDF	IARGF	EXSPF	OTPMF	WSKEF	ERDLF	EMCHF	FSOYF	DUSXF

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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

DUSXF	+ 1.0	OTPMF
EMCHF	+ 0.79	DYNDF
WSKEF	+ 0.76	SEEMF
ERDLF	+ 0.67	SEEMF
ERDLF	+ 0.6	WSKEF
EXSPF	+ 0.38	SEEMF

High negative correlations

DUSXF	- 1.0	FSOYF
FSOYF	- 1.0	OTPMF
EMCHF	- 0.91	ERDLF
ERDLF	- 0.84	DYNDF
WSKEF	- 0.75	DYNDF
EMCHF	- 0.73	SEEMF

Risk-Adjusted Indicators

There is a big difference between Serko Pink Sheet performing well and Serko 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 Serko'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
SEEMF	6.15	1.42	0.13	(0.58)	5.71	(11.35)	19.62	(11.25)	44.60
DYNDF	5.44	(0.58)	0.00	0.84	0.00	0.00	9.84	(12.89)	59.24
IARGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXSPF	0.53	0.19	0.00	(0.24)	0.00	0.00	0.00	0.00	16.07
OTPMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WSKEF	34.19	18.42	0.00	(0.67)	0.00	0.00	0.00	0.00	1,185
ERDLF	1.04	0.44	0.00	0.51	0.00	0.00	0.00	0.00	34.83
EMCHF	0.23	(0.13)	0.00	(2.18)	0.00	0.00	0.00	0.00	7.81
FSOYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DUSXF	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 Serko 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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Serko Corporate Management

Charles Nowaczek	Chief Officer	Profile
Joanne Phipps	Head Consulting	Profile
Nick Whitehead	Chief Officer	Profile
Tony DAstolfo	VP America	Profile
Robert Shaw	Chief CoFounder	Profile
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