SIMEC Atlantis Correlations

SMAYF Stock

USD 0.04 0.01 30.60%

The current 90-days correlation between SIMEC Atlantis Energy and Shunfeng International Clean is 0.01 (i.e., Significant diversification). The correlation of SIMEC Atlantis 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.

SIMEC Atlantis Correlation With Market

Good diversification

The correlation between SIMEC Atlantis Energy and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIMEC Atlantis Energy and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SIMEC Pink Sheet

0.35	DOGEF	Orsted A/S	Pair Corr
0.33	EDRVF	EDP Renovaveis	Pair Corr
0.49	TGS	Transportadora de Gas	Pair Corr
0.44	ATRO	Astronics	Pair Corr
0.42	SSAAF	SSAB AB	Pair Corr
0.39	TXMD	TherapeuticsMD	Pair Corr
0.36	NAUT	Nautilus Biotechnology	Pair Corr
0.33	CCJ	Cameco Corp Sell-off Trend	Pair Corr
0.32	OODH	Orion Diversified Holding	Pair Corr
0.31	AER	AerCap Holdings NV	Pair Corr
0.39	GDYN	Grid Dynamics Holdings	Pair Corr
0.38	TEL	TE Connectivity	Pair Corr
0.35	LMND	Lemonade	Pair Corr
0.33	FBKIF	First International Bank	Pair Corr
0.31	MNRO	Monro Muffler Brake	Pair Corr

Related Correlations Analysis

	BESS	WNDW	CLMOF	SHUNF	CLNV	CWGYF	RROYF	MPIR	CGFEF	WEGYF
BESS		-0.68	0.0	-0.64	-0.69	-0.69	-0.75	-0.29	0.0	-0.7	BESS
WNDW	-0.68		0.0	0.88	0.82	0.63	0.8	0.32	0.0	0.84	WNDW
CLMOF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CLMOF
SHUNF	-0.64	0.88	0.0		0.75	0.58	0.69	0.22	0.0	0.83	SHUNF
CLNV	-0.69	0.82	0.0	0.75		0.7	0.83	0.4	0.0	0.83	CLNV
CWGYF	-0.69	0.63	0.0	0.58	0.7		0.56	0.28	0.0	0.62	CWGYF
RROYF	-0.75	0.8	0.0	0.69	0.83	0.56		0.31	0.0	0.75	RROYF
MPIR	-0.29	0.32	0.0	0.22	0.4	0.28	0.31		0.0	0.39	MPIR
CGFEF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CGFEF
WEGYF	-0.7	0.84	0.0	0.83	0.83	0.62	0.75	0.39	0.0		WEGYF
	BESS	WNDW	CLMOF	SHUNF	CLNV	CWGYF	RROYF	MPIR	CGFEF	WEGYF

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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

SHUNF	+ 0.88	WNDW
WEGYF	+ 0.84	WNDW
WEGYF	+ 0.83	SHUNF
RROYF	+ 0.83	CLNV
WEGYF	+ 0.83	CLNV
CLNV	+ 0.82	WNDW

High negative correlations

RROYF	- 0.75	BESS
WEGYF	- 0.7	BESS
CWGYF	- 0.69	BESS
CLNV	- 0.69	BESS
WNDW	- 0.68	BESS
SHUNF	- 0.64	BESS

Risk-Adjusted Indicators

There is a big difference between SIMEC Pink Sheet performing well and SIMEC Atlantis 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 SIMEC Atlantis' 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
BESS	6.46	1.25	0.11	1.21	8.68	(7.72)	15.96	(12.20)	65.18
WNDW	5.87	(0.47)	0.00	0.39	0.00	0.00	13.64	(14.00)	47.92
CLMOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHUNF	1.34	(0.66)	0.00	1.90	0.00	0.00	0.00	0.00	44.74
CLNV	5.06	(0.60)	0.00	(0.38)	0.00	0.00	9.65	(11.72)	39.45
CWGYF	10.64	0.07	0.00	0.21	12.80	(14.75)	27.33	(23.78)	79.12
RROYF	2.34	(0.51)	0.00	(54.22)	0.00	0.00	5.00	(10.00)	35.00
MPIR	5.55	0.39	0.02	0.24	8.80	(92.11)	0.00	(18.18)	150.00
CGFEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WEGYF	2.30	(0.33)	0.00	(2.02)	0.00	0.00	4.95	(6.19)	18.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in SIMEC Atlantis 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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SIMEC Atlantis Corporate Management

Simon Hirst	Group Director	Profile
David Taaffe	Chief Officer	Profile
Jeremy Thake	Head Engineering	Profile
Sean Parsons	Director Affairs	Profile
Drew Blaxland	Director Services	Profile
Kelly Han	Company Sec	Profile
Joseph Fison	Director Devel	Profile

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