SIM Technology Correlations

SIMTF Stock

USD 0.04 0 7.50%

The current 90-days correlation between SIM Technology Group and Quarterhill is 0.16 (i.e., Average diversification). The correlation of SIM Technology 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.

SIM Technology Correlation With Market

Very weak diversification

The correlation between SIM Technology Group and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIM Technology Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SIM Pink Sheet

0.62	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.72	ERIC-B	Telefonaktiebolaget	Pair Corr
0.89	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.76	AVAL	Grupo Aval	Pair Corr
0.76	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.83	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.78	WF	Woori Financial Group	Pair Corr
0.79	BCH	Banco De Chile	Pair Corr
0.61	WFC-PL	Wells Fargo	Pair Corr
0.76	AROC	Archrock Symbol Change	Pair Corr
0.69	NFG	National Fuel Gas	Pair Corr
0.65	YLLXF	Yellow Cake plc	Pair Corr
0.67	APETF	Alpha Esports Tech	Pair Corr

Moving against SIM Pink Sheet

0.73	RVSN	Rail Vision Upward Rally	Pair Corr
0.56	FNMFO	Federal National Mortgage	Pair Corr
0.45	IVVD	Invivyd	Pair Corr
0.41	NVNIW	Nvni Group Limited	Pair Corr
0.35	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	QTRHF	WSTL	IQEPF	NPNZF	PONGF	SILLF	MTWO	AKOM	OONEF	RAASY
QTRHF		0.17	-0.06	0.0	0.33	0.08	0.11	0.0	0.49	-0.28	QTRHF
WSTL	0.17		0.48	0.0	-0.43	-0.55	-0.66	-0.62	-0.15	0.5	WSTL
IQEPF	-0.06	0.48		0.0	-0.47	-0.89	-0.76	-0.62	-0.06	0.59	IQEPF
NPNZF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NPNZF
PONGF	0.33	-0.43	-0.47	0.0		0.46	0.59	0.47	0.27	-0.54	PONGF
SILLF	0.08	-0.55	-0.89	0.0	0.46		0.79	0.69	-0.01	-0.62	SILLF
MTWO	0.11	-0.66	-0.76	0.0	0.59	0.79		0.7	0.21	-0.89	MTWO
AKOM	0.0	-0.62	-0.62	0.0	0.47	0.69	0.7		0.17	-0.49	AKOM
OONEF	0.49	-0.15	-0.06	0.0	0.27	-0.01	0.21	0.17		-0.24	OONEF
RAASY	-0.28	0.5	0.59	0.0	-0.54	-0.62	-0.89	-0.49	-0.24		RAASY
	QTRHF	WSTL	IQEPF	NPNZF	PONGF	SILLF	MTWO	AKOM	OONEF	RAASY

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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

MTWO	+ 0.79	SILLF
AKOM	+ 0.7	MTWO
AKOM	+ 0.69	SILLF
RAASY	+ 0.59	IQEPF
MTWO	+ 0.59	PONGF
RAASY	+ 0.5	WSTL

High negative correlations

RAASY	- 0.89	MTWO
SILLF	- 0.89	IQEPF
MTWO	- 0.76	IQEPF
MTWO	- 0.66	WSTL
RAASY	- 0.62	SILLF
AKOM	- 0.62	IQEPF

Risk-Adjusted Indicators

There is a big difference between SIM Pink Sheet performing well and SIM Technology 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 SIM Technology'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
QTRHF	1.30	(0.14)	0.00	(1.44)	0.00	0.00	3.08	(2.94)	14.26
WSTL	2.63	0.14	0.02	0.40	3.73	(2.73)	5.04	(6.56)	19.53
IQEPF	3.31	0.90	0.07	(0.73)	3.31	(14.47)	12.36	(7.69)	38.33
NPNZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PONGF	6.15	(0.02)	0.00	0.06	7.48	(12.02)	16.67	(12.50)	48.08
SILLF	1.73	(0.63)	0.00	0.99	0.00	0.00	0.00	0.00	57.64
MTWO	4.64	(1.27)	0.00	(1.02)	0.00	0.00	6.38	(13.45)	48.08
AKOM	2.94	(1.29)	0.00	0.57	0.00	0.00	0.00	0.00	98.41
OONEF	5.85	(0.76)	0.00	(0.23)	0.00	0.00	11.86	(12.07)	34.29
RAASY	4.02	1.02	0.13	(0.90)	3.85	(6.23)	10.00	(8.89)	41.47

Be your own money manager

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