Star Navigation Correlations

SNAVF Stock

USD 0.01 0.00 0.00%

The current 90-days correlation between Star Navigation Systems and Xeriant is 0.03 (i.e., Significant diversification). The correlation of Star Navigation 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.

Star Navigation Correlation With Market

Good diversification

The correlation between Star Navigation Systems and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Navigation Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Star Pink Sheet

0.69	SMGKF	Smiths Group plc	Pair Corr
0.69	CYPS	Cyclo3pss	Pair Corr
0.63	KYOCF	Kyocera	Pair Corr
0.53	STAG	STAG Industrial	Pair Corr
0.49	HMDCF	HUTCHMED Limited	Pair Corr
0.36	EGP	EastGroup Properties	Pair Corr
0.33	PII	Polaris Industries	Pair Corr
0.31	BKRKF	PT Bank Rakyat	Pair Corr
0.66	ADC	Agree Realty	Pair Corr
0.63	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.51	WOLF	Wolfspeed,	Pair Corr
0.44	ARRXF	Archer Materials	Pair Corr
0.35	APGE	Apogee Therapeutics,	Pair Corr

Related Correlations Analysis

	XERI	HYEG	DFCO	MPHYF	OATN	DNDDF	MSNVF	SKAS	CLGPF	CECBF
XERI		-0.22	0.13	0.44	0.31	-0.25	0.0	-0.18	-0.14	0.0	XERI
HYEG	-0.22		-0.23	-0.01	-0.44	-0.05	0.0	-0.44	0.17	0.0	HYEG
DFCO	0.13	-0.23		-0.35	0.27	0.24	0.0	0.02	-0.36	0.0	DFCO
MPHYF	0.44	-0.01	-0.35		-0.35	-0.57	0.0	-0.2	0.56	0.0	MPHYF
OATN	0.31	-0.44	0.27	-0.35		0.09	0.0	0.49	-0.7	0.0	OATN
DNDDF	-0.25	-0.05	0.24	-0.57	0.09		0.0	0.14	-0.3	0.0	DNDDF
MSNVF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MSNVF
SKAS	-0.18	-0.44	0.02	-0.2	0.49	0.14	0.0		-0.31	0.0	SKAS
CLGPF	-0.14	0.17	-0.36	0.56	-0.7	-0.3	0.0	-0.31		0.0	CLGPF
CECBF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CECBF
	XERI	HYEG	DFCO	MPHYF	OATN	DNDDF	MSNVF	SKAS	CLGPF	CECBF

Please upgrade your account to get full access to Macroaxis premium features

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

CLGPF	+ 0.56	MPHYF
SKAS	+ 0.49	OATN
MPHYF	+ 0.44	XERI
OATN	+ 0.31	XERI
OATN	+ 0.27	DFCO
DNDDF	+ 0.24	DFCO

High negative correlations

CLGPF	- 0.7	OATN
DNDDF	- 0.57	MPHYF
SKAS	- 0.44	HYEG
OATN	- 0.44	HYEG
CLGPF	- 0.36	DFCO
OATN	- 0.35	MPHYF

Risk-Adjusted Indicators

There is a big difference between Star Pink Sheet performing well and Star Navigation 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 Star Navigation'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
XERI	9.10	1.32	0.09	(0.50)	7.81	(17.86)	28.57	(12.50)	63.33
HYEG	15.56	3.88	0.16	(8.60)	13.84	(31.98)	59.60	(33.14)	137.30
DFCO	17.04	2.53	0.11	(3.00)	15.76	(31.96)	54.05	(32.29)	139.41
MPHYF	26.86	13.95	0.00	(2.94)	0.00	0.00	0.00	0.00	900.00
OATN	3.45	(0.06)	0.00	0.04	0.00	0.00	0.00	(5.56)	67.17
DNDDF	0.30	(0.15)	0.00	1.35	0.00	0.00	0.00	0.00	10.20
MSNVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKAS	1.35	(0.22)	0.00	1.20	0.00	0.00	4.45	(4.26)	18.52
CLGPF	1.31	0.46	0.00	1.71	0.00	0.00	2.86	0.00	29.44
CECBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Star Navigation 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?

Run FinTech Suite Now

FinTech Suite

Use AI to screen and filter profitable investment opportunities

All Next

Launch Module

Star Navigation Corporate Management

Randy BA	CFO Sec	Profile
Captain Kordich	Ex Sales	Profile
Roger LLB	G Counsel	Profile
Roger Page	Industry Consultant	Profile
Harmeet Gill	Director Relations	Profile
MBA MBA	CEO Director	Profile
Barney Lassche	VP HR	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC