SPARQ Corp Correlations

SPRQF Stock

USD 0.51 0.00 0.00%

The current 90-days correlation between SPARQ Corp and AKITA Drilling is 0.04 (i.e., Significant diversification). The correlation of SPARQ Corp 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.

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

Moving together with SPARQ OTC Stock

0.8

ENPH

Enphase Energy

Pair Corr

Moving against SPARQ OTC Stock

0.68	NAUT	Nautilus Biotechnology	Pair Corr
0.64	SMTGY	SMA Solar Technology Tech Boost	Pair Corr
0.61	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.58	FSLR	First Solar	Pair Corr
0.55	TXMD	TherapeuticsMD	Pair Corr
0.48	SMTGF	SMA Solar Technology	Pair Corr
0.48	ARR	ARMOUR Residential REIT Sell-off Trend	Pair Corr
0.44	FMSTW	Foremost Lithium Resource	Pair Corr
0.4	MYBUF	Meyer Burger Technology	Pair Corr
0.4	SSAAF	SSAB AB	Pair Corr
0.39	LNDNF	Lundin Energy AB	Pair Corr
0.37	BORR	Borr Drilling	Pair Corr
0.84	NEGG	Newegg Commerce	Pair Corr
0.79	MMM	3M Company	Pair Corr
0.72	UTRS	Minerva Surgical	Pair Corr
0.58	TEL	TE Connectivity	Pair Corr
0.58	02377BAB2	US02377BAB27	Pair Corr
0.4	TFSL	TFS Financial	Pair Corr
0.4	AER	AerCap Holdings NV	Pair Corr
0.38	XFOR	X4 Pharmaceuticals	Pair Corr

Related Correlations Analysis

	CSSXF	PENMF	AKTAF	FSHRF	WEEEF	GOOXF	HPMCF	CNNEF	TERCF	CVUEF
CSSXF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CSSXF
PENMF	0.0		0.74	-0.27	0.09	0.0	0.36	0.4	0.09	0.11	PENMF
AKTAF	0.0	0.74		-0.24	0.26	0.0	0.63	0.64	0.43	0.44	AKTAF
FSHRF	0.0	-0.27	-0.24		-0.21	0.0	-0.11	0.07	-0.02	-0.05	FSHRF
WEEEF	0.0	0.09	0.26	-0.21		0.0	0.53	0.23	0.18	0.21	WEEEF
GOOXF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	GOOXF
HPMCF	0.0	0.36	0.63	-0.11	0.53	0.0		0.75	0.57	0.59	HPMCF
CNNEF	0.0	0.4	0.64	0.07	0.23	0.0	0.75		0.68	0.79	CNNEF
TERCF	0.0	0.09	0.43	-0.02	0.18	0.0	0.57	0.68		0.59	TERCF
CVUEF	0.0	0.11	0.44	-0.05	0.21	0.0	0.59	0.79	0.59		CVUEF
	CSSXF	PENMF	AKTAF	FSHRF	WEEEF	GOOXF	HPMCF	CNNEF	TERCF	CVUEF

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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

CVUEF	+ 0.79	CNNEF
CNNEF	+ 0.75	HPMCF
AKTAF	+ 0.74	PENMF
TERCF	+ 0.68	CNNEF
CNNEF	+ 0.64	AKTAF
HPMCF	+ 0.63	AKTAF

High negative correlations

FSHRF	- 0.27	PENMF
FSHRF	- 0.24	AKTAF
WEEEF	- 0.21	FSHRF
HPMCF	- 0.11	FSHRF
CVUEF	- 0.05	FSHRF
TERCF	- 0.02	FSHRF

Risk-Adjusted Indicators

There is a big difference between SPARQ OTC Stock performing well and SPARQ Corp OTC Stock 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 SPARQ Corp'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
CSSXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PENMF	5.55	0.56	0.07	0.70	6.33	(6.74)	10.53	(9.76)	44.15
AKTAF	1.82	(0.04)	0.00	(0.19)	0.00	0.00	3.90	(4.37)	13.78
FSHRF	40.36	13.90	0.20	2.57	24.86	(180.81)	197.73	(72.22)	376.12
WEEEF	0.40	(0.10)	0.00	(0.18)	0.00	0.00	2.04	(1.35)	5.66
GOOXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HPMCF	1.61	(0.38)	0.00	(0.42)	0.00	0.00	0.00	(4.40)	58.33
CNNEF	2.01	(0.85)	0.00	(0.50)	0.00	0.00	3.13	(4.19)	21.38
TERCF	8.73	(0.26)	0.00	0.24	0.00	0.00	18.18	(18.75)	52.08
CVUEF	2.58	(0.52)	0.00	(0.15)	0.00	0.00	9.09	(9.09)	39.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPARQ Corp 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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