Strata Power Correlations

SPOWF Stock

USD 0.01 0 15.94%

The correlation of Strata Power 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.

Strata Power Correlation With Market

Modest diversification

The correlation between Strata Power Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strata Power Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Strata Pink Sheet

0.54	IDN	Intellicheck Mobilisa	Pair Corr
0.5	RLMD	Relmada Therapeutics	Pair Corr
0.49	SHIP	Seanergy Maritime	Pair Corr
0.48	CNQ	Canadian Natural Res	Pair Corr
0.45	HL	Hecla Mining Aggressive Push	Pair Corr
0.44	DDS	Dillards,	Pair Corr
0.43	HES	Hess	Pair Corr
0.41	APGE	Apogee Therapeutics,	Pair Corr
0.4	CSCO	Cisco Systems	Pair Corr
0.4	SPGI	SP Global	Pair Corr
0.39	COP	ConocoPhillips	Pair Corr
0.39	AVTBF	Avant Brands	Pair Corr
0.32	TORO	Toro	Pair Corr
0.55	PHAR	Pharming Group NV	Pair Corr
0.53	KODK	Eastman Kodak	Pair Corr
0.49	GSVRF	Guanajuato Silver	Pair Corr
0.47	CM	Canadian Imperial Bank	Pair Corr
0.41	REGN	Regeneron Pharmaceuticals	Pair Corr
0.41	TAK	Takeda Pharmaceutical	Pair Corr
0.4	ULTA	Ulta Beauty	Pair Corr
0.39	GM	General Motors	Pair Corr
0.37	RCRUY	Recruit Holdings	Pair Corr
0.36	NOEM	CO2 Energy Transition	Pair Corr
0.35	NGENF	NervGen Pharma Corp	Pair Corr
0.31	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	PFNO	ROAOF	MKGP	STTX	PDGO	MRGE	SDURF	FNRC	BRLL	MKRYF
PFNO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFNO
ROAOF	0.0		-0.3	0.11	0.0	0.13	-0.08	0.0	-0.09	0.0	ROAOF
MKGP	0.0	-0.3		-0.03	0.0	-0.23	0.23	0.0	0.2	0.0	MKGP
STTX	0.0	0.11	-0.03		0.0	-0.34	0.0	0.0	0.43	0.0	STTX
PDGO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PDGO
MRGE	0.0	0.13	-0.23	-0.34	0.0		-0.3	0.0	-0.45	0.0	MRGE
SDURF	0.0	-0.08	0.23	0.0	0.0	-0.3		0.0	-0.18	0.0	SDURF
FNRC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FNRC
BRLL	0.0	-0.09	0.2	0.43	0.0	-0.45	-0.18	0.0		0.0	BRLL
MKRYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MKRYF
	PFNO	ROAOF	MKGP	STTX	PDGO	MRGE	SDURF	FNRC	BRLL	MKRYF

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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

BRLL	+ 0.43	STTX
SDURF	+ 0.23	MKGP
BRLL	+ 0.2	MKGP
MRGE	+ 0.13	ROAOF
STTX	+ 0.11	ROAOF
ROAOF	+ 0.0	PFNO

High negative correlations

BRLL	- 0.45	MRGE
MRGE	- 0.34	STTX
SDURF	- 0.3	MRGE
MKGP	- 0.3	ROAOF
MRGE	- 0.23	MKGP
BRLL	- 0.18	SDURF

Risk-Adjusted Indicators

There is a big difference between Strata Pink Sheet performing well and Strata Power 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 Strata Power'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
PFNO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROAOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MKGP	10.01	1.20	0.04	2.55	13.00	(17.77)	34.09	(31.25)	80.09
STTX	18.70	5.02	0.12	(0.43)	16.21	(51.50)	93.33	(38.00)	170.91
PDGO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRGE	12.51	3.71	0.00	(0.83)	0.00	0.00	50.00	(33.33)	150.00
SDURF	72.61	39.44	0.00	(0.86)	0.00	0.00	24.86	(7.85)	1,729
FNRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRLL	10.22	(0.07)	0.00	0.03	11.08	(16.11)	27.27	(21.43)	75.00
MKRYF	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 Strata Power 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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