Slang Worldwide Correlations
| SLGWF Stock | USD 0 0.00 0.00% |
The correlation of Slang Worldwide 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.
Slang Worldwide Correlation With Market
Significant diversification
The correlation between Slang Worldwide and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Slang Worldwide and DJI in the same portfolio, assuming nothing else is changed.
Slang |
The ability to find closely correlated positions to Slang Worldwide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slang Worldwide 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 Slang Worldwide - 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 Slang Worldwide to buy it.
Moving against Slang Pink Sheet
| 0.67 | SLF | Sun Life Financial | PairCorr |
| 0.6 | GILD | Gilead Sciences | PairCorr |
| 0.48 | ZVIA | Zevia Pbc | PairCorr |
| 0.42 | SIGL | Signal Advance | PairCorr |
| 0.74 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.68 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.67 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.65 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.63 | AROC | Archrock | PairCorr |
| 0.59 | MOGO | Mogo Inc | PairCorr |
| 0.54 | WMT | Walmart | PairCorr |
| 0.52 | MO | Altria Group | PairCorr |
| 0.52 | VST | Vistra Energy Corp | PairCorr |
| 0.51 | JBL | Jabil Circuit | PairCorr |
| 0.49 | ACHR | Archer Aviation | PairCorr |
| 0.46 | SLSR | Solaris Resources | PairCorr |
| 0.35 | SVCO | Silvaco Group, Common | PairCorr |
| 0.33 | RUM | Rumble Inc Buyout Trend | PairCorr |
| 0.7 | MCK | McKesson | PairCorr |
| 0.69 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.64 | CLS | Celestica | PairCorr |
| 0.64 | PAYC | Paycom Soft | PairCorr |
| 0.58 | FSK | FS KKR Capital | PairCorr |
| 0.52 | FWONK | Liberty Media | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Slang Pink Sheet performing well and Slang Worldwide 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 Slang Worldwide'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LTTSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ORVRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RAMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TCNAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BQST | 3.58 | 1.38 | 0.21 | 0.89 | 1.74 | 10.00 | 89.82 | |||
| GDNSF | 6.02 | 1.05 | 0.15 | 0.41 | 5.58 | 8.82 | 108.47 | |||
| GRUSF | 2.51 | (0.22) | 0.00 | (0.46) | 0.00 | 5.08 | 18.46 | |||
| BMMJ | 10.04 | 1.15 | 0.02 | (0.33) | 14.65 | 55.04 | 120.00 | |||
| CNTMF | 5.51 | (0.60) | 0.00 | 0.18 | 0.00 | 10.96 | 45.83 | |||
| ETRGF | 12.16 | 0.78 | 0.05 | 0.43 | 13.02 | 43.59 | 112.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Slang Worldwide 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.Did you try this?
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ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
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Slang Worldwide Corporate Management
| Mike Yerigan | VP Sales | Profile | |
| John Moynan | CEO Sec | Profile | |
| Brittany Hallett | VP Marketing | Profile | |
| Kirk Kimball | VP People | Profile |