Sohm Correlations

SHMN Stock

USD 0 0.0003 42.86%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sohm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sohm Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sohm Correlation With Market

Very good diversification

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

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

Moving against Sohm Pink Sheet

0.43	HLNCF	Haleon plc	Pair Corr
0.43	MCD	McDonalds	Pair Corr
0.42	TEVA	Teva Pharma Industries Aggressive Push	Pair Corr
0.38	HLN	Haleon plc Sell-off Trend	Pair Corr
0.35	MKKGY	Merck KGaA ADR	Pair Corr
0.35	MKGAF	MERCK Kommanditgesells	Pair Corr
0.35	TKPHF	Takeda Pharmaceutical	Pair Corr
0.34	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.33	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.32	TEVA	Teva Pharmaceutical	Pair Corr
0.5	WMT	Walmart Common Stock	Pair Corr
0.42	JNJ	Johnson Johnson	Pair Corr
0.4	BA	Boeing	Pair Corr
0.36	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.36	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	BHNGF	ANTCF	HEMP	PLSH	KHRNF	JWCAF	EVIO	KAYS	KOAN	OWPC
BHNGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BHNGF
ANTCF	0.0		0.0	0.3	0.0	0.0	0.16	0.23	0.63	-0.3	ANTCF
HEMP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HEMP
PLSH	0.0	0.3	0.0		0.0	0.0	0.27	0.21	0.34	0.42	PLSH
KHRNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KHRNF
JWCAF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JWCAF
EVIO	0.0	0.16	0.0	0.27	0.0	0.0		0.12	0.28	0.07	EVIO
KAYS	0.0	0.23	0.0	0.21	0.0	0.0	0.12		0.49	-0.11	KAYS
KOAN	0.0	0.63	0.0	0.34	0.0	0.0	0.28	0.49		-0.18	KOAN
OWPC	0.0	-0.3	0.0	0.42	0.0	0.0	0.07	-0.11	-0.18		OWPC
	BHNGF	ANTCF	HEMP	PLSH	KHRNF	JWCAF	EVIO	KAYS	KOAN	OWPC

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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

KOAN	+ 0.63	ANTCF
KOAN	+ 0.49	KAYS
OWPC	+ 0.42	PLSH
KOAN	+ 0.34	PLSH
PLSH	+ 0.3	ANTCF
KOAN	+ 0.28	EVIO

High negative correlations

OWPC	- 0.3	ANTCF
OWPC	- 0.18	KOAN
OWPC	- 0.11	KAYS
OWPC	- 0.0	JWCAF
KOAN	- 0.0	JWCAF
KAYS	- 0.0	JWCAF

Risk-Adjusted Indicators

There is a big difference between Sohm Pink Sheet performing well and Sohm 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 Sohm'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
BHNGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANTCF	29.55	12.82	0.00	1.35	0.00	0.00	0.00	0.00	1,047
HEMP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLSH	7.16	0.05	0.01	0.06	10.05	(22.48)	28.00	(27.55)	94.50
KHRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JWCAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVIO	63.64	26.17	0.00	0.46	0.00	0.00	0.00	0.00	1,100
KAYS	9.33	0.70	0.03	(0.29)	10.93	(14.82)	30.50	(23.20)	78.32
KOAN	9.14	(1.13)	0.00	(8.95)	0.00	0.00	17.46	(18.10)	103.51
OWPC	10.00	0.93	0.06	(0.73)	11.54	(12.61)	26.11	(19.23)	74.11

Be your own money manager

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