Simulated Environmen Correlations

SMEV Stock

USD 0.01 0.0009 16.07%

The current 90-days correlation between Simulated Environmen and Hong Yuan Holding is -0.04 (i.e., Good diversification). The correlation of Simulated Environmen 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Simulated Environmen Correlation With Market

Very weak diversification

The correlation between Simulated Environmen and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simulated Environmen and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Simulated Pink Sheet

0.79	TORO	Toro	Pair Corr
0.66	LRDC	Laredo Oil	Pair Corr
0.62	TATT	Tat Techno	Pair Corr
0.83	FRFFF	Fairfax Financial	Pair Corr
0.74	GS	Goldman Sachs Group	Pair Corr

Moving against Simulated Pink Sheet

0.5	PBCRY	Bank Central Asia	Pair Corr
0.48	PBCRF	PT Bank Central	Pair Corr
0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.44	AFIIQ	Armstrong Flooring	Pair Corr
0.55	WELL	Welltower Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SHGI	FSTJ	HGYN	IWSH	QUAN	HPIL	ETER	NXMH	OSHDF	NRCD
SHGI		0.49	-0.47	0.27	0.53	0.0	0.37	0.24	0.0	0.37	SHGI
FSTJ	0.49		-0.86	-0.02	0.5	0.0	0.39	0.22	0.0	0.16	FSTJ
HGYN	-0.47	-0.86		0.1	-0.48	0.0	-0.3	-0.2	0.0	-0.17	HGYN
IWSH	0.27	-0.02	0.1		0.1	0.0	0.5	0.36	0.0	-0.1	IWSH
QUAN	0.53	0.5	-0.48	0.1		0.0	0.35	0.32	0.0	0.77	QUAN
HPIL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	1.0	0.0	HPIL
ETER	0.37	0.39	-0.3	0.5	0.35	0.0		0.34	0.0	0.05	ETER
NXMH	0.24	0.22	-0.2	0.36	0.32	0.0	0.34		0.0	0.26	NXMH
OSHDF	0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0		0.0	OSHDF
NRCD	0.37	0.16	-0.17	-0.1	0.77	0.0	0.05	0.26	0.0		NRCD
	SHGI	FSTJ	HGYN	IWSH	QUAN	HPIL	ETER	NXMH	OSHDF	NRCD

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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

OSHDF	+ 1.0	HPIL
NRCD	+ 0.77	QUAN
QUAN	+ 0.53	SHGI
QUAN	+ 0.5	FSTJ
ETER	+ 0.5	IWSH
FSTJ	+ 0.49	SHGI

High negative correlations

HGYN	- 0.86	FSTJ
QUAN	- 0.48	HGYN
HGYN	- 0.47	SHGI
ETER	- 0.3	HGYN
NXMH	- 0.2	HGYN
NRCD	- 0.17	HGYN

Risk-Adjusted Indicators

There is a big difference between Simulated Pink Sheet performing well and Simulated Environmen 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 Simulated Environmen'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
SHGI	9.86	1.45	0.03	(0.68)	13.39	(42.01)	30.00	(46.15)	131.87
FSTJ	2.40	(1.12)	0.00	0.66	0.00	0.00	0.00	0.00	80.39
HGYN	21.63	5.46	0.22	3.11	18.66	(31.26)	58.62	(38.46)	148.86
IWSH	1.63	0.20	0.00	(0.39)	0.00	0.00	5.56	(5.26)	42.98
QUAN	7.28	(0.96)	0.00	(0.52)	0.00	0.00	15.92	(16.22)	40.44
HPIL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETER	3.46	0.11	0.00	0.21	0.00	0.00	0.00	0.00	161.20
NXMH	42.49	14.48	0.24	(5.17)	27.06	(113.56)	171.82	(65.40)	363.78
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NRCD	0.40	(0.23)	0.00	(0.74)	0.00	0.00	0.00	0.00	13.46

Be your own money manager

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