Seafarer Exploration Correlations

SFRX Stock

USD 0 0.0001 2.33%

The current 90-days correlation between Seafarer Exploration and All American Pet is 0.07 (i.e., Significant diversification). The correlation of Seafarer Exploration 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Seafarer Exploration Correlation With Market

Significant diversification

The correlation between Seafarer Exploration and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Exploration and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seafarer Pink Sheet

0.76	HPQ	HP Inc	Pair Corr
0.76	INTC	Intel Earnings Call This Week	Pair Corr
0.77	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr

Moving against Seafarer Pink Sheet

0.83	BA	Boeing Earnings Call Next Week	Pair Corr
0.73	COHG	Cheetah Oil Gas	Pair Corr
0.43	WMT	Walmart	Pair Corr
0.42	AXP	American Express Earnings Call This Week	Pair Corr
0.37	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	AAPT	OMEX	NTIP	DLHC	FA	CASS	CVEO	TISI	SMX	LICN
AAPT		-0.69	-0.67	0.31	0.33	0.68	0.09	0.16	0.14	0.52	AAPT
OMEX	-0.69		0.55	-0.09	-0.37	-0.67	0.11	-0.02	0.14	-0.28	OMEX
NTIP	-0.67	0.55		-0.23	-0.14	-0.48	-0.2	-0.31	0.02	-0.38	NTIP
DLHC	0.31	-0.09	-0.23		0.04	0.62	0.51	0.52	-0.01	0.81	DLHC
FA	0.33	-0.37	-0.14	0.04		0.45	-0.38	-0.08	-0.12	-0.09	FA
CASS	0.68	-0.67	-0.48	0.62	0.45		0.14	0.22	-0.19	0.61	CASS
CVEO	0.09	0.11	-0.2	0.51	-0.38	0.14		0.74	0.49	0.61	CVEO
TISI	0.16	-0.02	-0.31	0.52	-0.08	0.22	0.74		0.36	0.59	TISI
SMX	0.14	0.14	0.02	-0.01	-0.12	-0.19	0.49	0.36		0.11	SMX
LICN	0.52	-0.28	-0.38	0.81	-0.09	0.61	0.61	0.59	0.11		LICN
	AAPT	OMEX	NTIP	DLHC	FA	CASS	CVEO	TISI	SMX	LICN

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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

LICN	+ 0.81	DLHC
TISI	+ 0.74	CVEO
CASS	+ 0.68	AAPT
CASS	+ 0.62	DLHC
LICN	+ 0.61	CASS
LICN	+ 0.61	CVEO

High negative correlations

OMEX	- 0.69	AAPT
CASS	- 0.67	OMEX
NTIP	- 0.67	AAPT
CASS	- 0.48	NTIP
CVEO	- 0.38	FA
LICN	- 0.38	NTIP

Risk-Adjusted Indicators

There is a big difference between Seafarer Pink Sheet performing well and Seafarer Exploration 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 Seafarer Exploration'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
AAPT	3.33	(1.84)	0.00	(0.35)	0.00	0.00	0.00	0.00	100.00
OMEX	7.33	1.11	0.11	7.99	8.72	(10.84)	20.00	(8.33)	107.04
NTIP	1.52	0.03	0.00	0.13	2.01	(1.70)	2.99	(2.94)	9.55
DLHC	2.05	(0.06)	0.00	(0.02)	0.00	0.00	4.35	(4.46)	15.19
FA	1.55	0.03	0.01	0.07	1.65	(1.81)	4.14	(3.01)	10.13
CASS	1.21	(0.05)	0.00	(0.02)	0.00	0.00	2.56	(2.71)	13.07
CVEO	1.40	(0.18)	0.00	(0.29)	0.00	0.00	3.23	(2.18)	9.44
TISI	5.02	(0.09)	0.00	(0.03)	0.00	0.00	9.75	(9.56)	50.70
SMX	15.56	(0.96)	0.00	(1.01)	0.00	0.00	58.94	(28.11)	167.02
LICN	7.85	(2.65)	0.00	(1.05)	0.00	0.00	7.96	(21.05)	91.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seafarer Exploration 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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