Snipp Interactive Correlations
| SNIPF Stock | USD 0.03 0 12.78% |
The correlation of Snipp Interactive 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.
Snipp Interactive Correlation With Market
Excellent diversification
The correlation between Snipp Interactive and DJI is -0.51 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snipp Interactive and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Snipp Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snipp Interactive 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 Snipp Interactive - 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 Snipp Interactive to buy it.
Moving together with Snipp Pink Sheet
Moving against Snipp Pink Sheet
| 0.76 | MEEEF | Metal Energy Corp | PairCorr |
| 0.75 | WF | Woori Financial Group | PairCorr |
| 0.75 | BCH | Banco De Chile | PairCorr |
| 0.75 | SLSR | Solaris Resources | PairCorr |
| 0.74 | SHG | Shinhan Financial | PairCorr |
| 0.74 | KB | KB Financial Group | PairCorr |
| 0.74 | JOE | St Joe Company | PairCorr |
| 0.71 | BBDO | Banco Bradesco SA | PairCorr |
| 0.7 | TOGOF | TomaGold | PairCorr |
| 0.66 | GRBK | Green Brick Partners | PairCorr |
| 0.62 | AVAL | Grupo Aval | PairCorr |
| 0.61 | MEGI | MainStay CBRE Global Normal Trading | PairCorr |
| 0.6 | WFC-PL | Wells Fargo | PairCorr |
| 0.51 | EXAS | EXACT Sciences | PairCorr |
| 0.5 | NNBR | NN Inc | PairCorr |
| 0.47 | FRFFF | Fairfax Financial | PairCorr |
| 0.46 | TATT | Tat Techno | PairCorr |
| 0.45 | 91324PES7 | UNH 5875 15 | PairCorr |
| 0.41 | TORO | Toro | PairCorr |
| 0.34 | BAC-PL | Bank of America | PairCorr |
| 0.8 | CGECF | Cogeco Inc | PairCorr |
| 0.79 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.78 | FRSB | First Resource Bank | PairCorr |
| 0.75 | CAMZF | Camino Minerals | PairCorr |
| 0.74 | BNEFF | Bonterra Energy Corp | PairCorr |
| 0.73 | MTGRF | Mount Gibson Iron Earnings Call This Week | PairCorr |
| 0.72 | DUK-PA | Duke Energy | PairCorr |
| 0.72 | SHIP | Seanergy Maritime | PairCorr |
| 0.71 | BFS | Saul Centers | PairCorr |
| 0.7 | YLLXF | Yellow Cake plc Downward Rally | PairCorr |
| 0.69 | CYD | China Yuchai Interna | PairCorr |
Related Correlations Analysis
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 Snipp Pink Sheet performing well and Snipp Interactive 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 Snipp Interactive'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUDG | 7.11 | (0.25) | 0.00 | (0.13) | 0.00 | 33.33 | 99.77 | |||
| TGNT | 6.54 | (0.96) | 0.00 | (3.71) | 0.00 | 20.00 | 49.52 | |||
| MVNC | 10.88 | 1.51 | 0.05 | (0.43) | 13.00 | 34.19 | 105.21 | |||
| PEGX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NIROF | 1.79 | 0.70 | 0.00 | (0.93) | 0.00 | 0.00 | 57.12 | |||
| STAOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XLMDF | 5.14 | (2.59) | 0.00 | 2.39 | 0.00 | 0.00 | 90.00 | |||
| AITVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HWAL | 6.90 | 0.48 | 0.03 | (0.18) | 7.86 | 25.42 | 65.51 | |||
| HMMR | 6.13 | 0.81 | 0.07 | 0.45 | 6.94 | 25.00 | 67.03 |
Be your own money manager
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Snipp Interactive Corporate Management
| Wayne Weng | Chief Officer | Profile | |
| Anthony Aguiar | VP Devel | Profile | |
| Tom Treanor | Chief Officer | Profile | |
| Christian Hausammann | Managing Europe | Profile | |
| CPA CGA | CFO Sec | Profile |