Sunset Capital Correlations

SNST Stock

USD 0.0004 0.00 0.00%

The current 90-days correlation between Sunset Capital Assets and Asahi Group Holdings is 0.1 (i.e., Average diversification). The correlation of Sunset Capital 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.

Sunset Capital Correlation With Market

Poor diversification

The correlation between Sunset Capital Assets and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunset Capital Assets and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sunset Pink Sheet

0.84	PG	Procter Gamble	Pair Corr
0.8	UL	Unilever PLC ADR	Pair Corr
0.79	UNLYF	Unilever PLC	Pair Corr
0.9	CL	Colgate Palmolive	Pair Corr
0.88	RBGLY	Reckitt Benckiser Earnings Call Tomorrow	Pair Corr
0.85	RBGPF	Reckitt Benckiser Earnings Call Tomorrow	Pair Corr
0.7	GDS	GDS Holdings	Pair Corr
0.74	LYV	Live Nation Entertainment	Pair Corr
0.95	LTSK	Ladenburg Thalmann	Pair Corr
0.75	CVPBF	CP ALL Public	Pair Corr
0.71	ARMK	Aramark Holdings	Pair Corr
0.69	PSPSF	PSP Swiss Property	Pair Corr
0.84	GEL	Genesis Energy LP	Pair Corr
0.7	OAKV	Oak View National	Pair Corr
0.91	FFBC	First Financial Bancorp	Pair Corr
0.89	MGDDY	Compagnie Generale des	Pair Corr
0.81	GIC	Global Industrial	Pair Corr
0.68	DTNOF	Dno ASA	Pair Corr
0.8	PPCLY	PPC Ltd ADR	Pair Corr
0.86	EXAS	EXACT Sciences	Pair Corr
0.76	FOVSY	Ford Otomotiv Sanayi	Pair Corr
0.86	GLAXF	GSK plc	Pair Corr
0.7	CTRE	CareTrust REIT	Pair Corr

Moving against Sunset Pink Sheet

0.78	NTNX	Nutanix Earnings Call Today	Pair Corr
0.35	RADLF	Radial Research Corp	Pair Corr

Related Correlations Analysis

	KAOOY	BDRFF	HKHHF	HKHHY	ASBFF	CABJF	ASBRF
KAOOY		0.46	0.81	0.91	0.25	0.76	0.25	KAOOY
BDRFF	0.46		0.52	0.57	0.61	0.61	-0.12	BDRFF
HKHHF	0.81	0.52		0.94	0.27	0.9	0.1	HKHHF
HKHHY	0.91	0.57	0.94		0.33	0.89	0.12	HKHHY
ASBFF	0.25	0.61	0.27	0.33		0.36	-0.23	ASBFF
CABJF	0.76	0.61	0.9	0.89	0.36		0.01	CABJF
ASBRF	0.25	-0.12	0.1	0.12	-0.23	0.01		ASBRF
	KAOOY	BDRFF	HKHHF	HKHHY	ASBFF	CABJF	ASBRF

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

HKHHY	+ 0.94	HKHHF
HKHHY	+ 0.91	KAOOY
CABJF	+ 0.9	HKHHF
CABJF	+ 0.89	HKHHY
HKHHF	+ 0.81	KAOOY
CABJF	+ 0.76	KAOOY

High negative correlations

ASBRF	- 0.23	ASBFF
ASBRF	- 0.12	BDRFF

Risk-Adjusted Indicators

There is a big difference between Sunset Pink Sheet performing well and Sunset Capital 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 Sunset Capital'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
KAOOY	0.87	0.00	(0.03)	(0.38)	1.34	(0.85)	1.96	(1.85)	7.13
BDRFF	0.94	0.14	0.04	(1.08)	1.16	(2.98)	3.49	(2.63)	15.82
HKHHF	1.11	0.32	0.12	(0.60)	0.90	(2.21)	3.81	(2.17)	15.34
HKHHY	1.18	0.20	0.11	29.22	1.25	(1.42)	2.77	(2.54)	6.93
ASBFF	0.18	0.02	0.00	(0.48)	0.00	0.00	0.00	0.00	8.32
CABJF	1.40	0.44	0.11	0.50	1.06	(4.34)	5.91	(3.47)	17.25
ASBRF	1.39	(0.02)	0.00	0.17	0.00	0.00	4.48	(5.75)	22.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sunset Capital 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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