Solstice Gold Correlations

SGCPF Stock

USD 0.02 0.01 225.86%

The correlation of Solstice Gold 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.

Solstice Gold Correlation With Market

Significant diversification

The correlation between Solstice Gold Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solstice Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Solstice Pink Sheet

0.68	NEM	Newmont Goldcorp Corp	Pair Corr
0.69	GOLD	Barrick Gold Corp	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.7	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against Solstice Pink Sheet

0.67	IONQ	IONQ Inc	Pair Corr
0.57	FUWAF	Furukawa Electric	Pair Corr
0.51	NVDA	NVIDIA	Pair Corr
0.47	FMCB	Farmers Merchants Bancorp	Pair Corr
0.7	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.62	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.58	NDAQ	Nasdaq Inc	Pair Corr
0.57	DIS	Walt Disney Aggressive Push	Pair Corr
0.55	WMT	Walmart Aggressive Push	Pair Corr
0.5	VRT	Vertiv Holdings	Pair Corr
0.5	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.48	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.46	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.42	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.41	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.41	T	ATT Inc Aggressive Push	Pair Corr
0.35	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VRT	NDAQ	MCD	WMT	CAT	HPQ	VZ	INTC	BAC
VRT		0.84	0.29	0.9	0.83	0.85	0.0	0.88	0.86	VRT
NDAQ	0.84		-0.06	0.92	0.52	0.68	-0.17	0.71	0.93	NDAQ
MCD	0.29	-0.06		0.11	0.57	0.33	0.52	0.34	-0.02	MCD
WMT	0.9	0.92	0.11		0.65	0.73	0.05	0.75	0.86	WMT
CAT	0.83	0.52	0.57	0.65		0.83	0.2	0.88	0.57	CAT
HPQ	0.85	0.68	0.33	0.73	0.83		-0.03	0.81	0.78	HPQ
VZ	0.0	-0.17	0.52	0.05	0.2	-0.03		0.01	-0.27	VZ
INTC	0.88	0.71	0.34	0.75	0.88	0.81	0.01		0.72	INTC
BAC	0.86	0.93	-0.02	0.86	0.57	0.78	-0.27	0.72		BAC
	VRT	NDAQ	MCD	WMT	CAT	HPQ	VZ	INTC	BAC

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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

BAC	+ 0.93	NDAQ
WMT	+ 0.92	NDAQ
WMT	+ 0.9	VRT
INTC	+ 0.88	VRT
INTC	+ 0.88	CAT
BAC	+ 0.86	VRT

High negative correlations

BAC	- 0.27	VZ
VZ	- 0.17	NDAQ
MCD	- 0.06	NDAQ
VZ	- 0.03	HPQ
BAC	- 0.02	MCD
VZ	- 0.0	VRT

Risk-Adjusted Indicators

There is a big difference between Solstice Pink Sheet performing well and Solstice Gold 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 Solstice Gold'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
VRT	2.39	0.61	0.23	0.43	2.36	(2.65)	5.87	(4.39)	20.36
NDAQ	0.79	0.16	0.12	0.37	0.74	(0.90)	1.86	(1.73)	5.20
MCD	0.72	(0.02)	(0.05)	0.09	1.30	(0.65)	1.46	(1.18)	6.70
WMT	0.82	0.26	0.15	2.75	0.73	(0.96)	1.90	(1.27)	4.33
CAT	1.32	0.01	0.07	0.13	1.35	(1.39)	3.36	(2.13)	12.38
HPQ	1.31	0.03	0.02	0.15	1.62	(1.30)	2.22	(2.63)	6.13
VZ	0.98	0.12	0.00	1.61	1.30	(1.06)	2.16	(2.05)	8.86
INTC	2.36	0.04	0.07	0.14	2.58	(2.68)	6.36	(3.50)	18.29
BAC	1.08	0.10	0.17	0.19	0.66	(1.36)	2.19	(1.41)	9.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in Solstice Gold 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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