Specificity Correlations
| SPTY Stock | USD 0.1 0.01 9.73% |
The correlation of Specificity 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.
Specificity Correlation With Market
Average diversification
The correlation between Specificity and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Specificity and DJI in the same portfolio, assuming nothing else is changed.
Specificity |
The ability to find closely correlated positions to Specificity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Specificity 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 Specificity - 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 Specificity to buy it.
Moving together with Specificity Pink Sheet
Moving against Specificity Pink Sheet
| 0.69 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.61 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.59 | PGPEF | Publicis Groupe SA | PairCorr |
| 0.59 | JPM | JPMorgan Chase | PairCorr |
| 0.57 | DNTUF | Dentsu Inc | PairCorr |
| 0.5 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.36 | DNTUY | Dentsu Inc ADR | PairCorr |
| 0.34 | PTAIY | Astra International Tbk | PairCorr |
| 0.72 | DD | Dupont De Nemours | PairCorr |
| 0.63 | MRK | Merck Company | PairCorr |
| 0.63 | CAT | Caterpillar Sell-off Trend | PairCorr |
| 0.56 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.53 | PFE | Pfizer Inc | PairCorr |
| 0.51 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
| 0.5 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.5 | VZ | Verizon Communications | PairCorr |
| 0.48 | BAC | Bank of America | PairCorr |
| 0.45 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.37 | AXP | American Express | 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 Specificity Pink Sheet performing well and Specificity 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 Specificity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INEOF | 5.10 | (0.29) | 0.00 | 0.45 | 0.00 | 14.00 | 74.61 | |||
| SFUNY | 4.97 | (1.25) | 0.00 | 0.42 | 0.00 | 0.00 | 147.37 | |||
| AATV | 7.20 | 1.50 | 0.08 | 0.74 | 7.09 | 30.56 | 120.83 | |||
| AOECF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMFL | 4.69 | (0.21) | 0.00 | 0.29 | 0.00 | 15.60 | 68.95 | |||
| MMDDF | 20.56 | 7.56 | 0.00 | (1.66) | 0.00 | 0.00 | 321.43 | |||
| EZOO | 2.71 | (1.26) | 0.00 | 0.96 | 0.00 | 0.00 | 90.91 | |||
| HHSE | 6.77 | 0.16 | 0.02 | 0.23 | 8.12 | 16.13 | 75.41 | |||
| ADMG | 907.26 | 482.94 | 0.00 | (1.85) | 0.00 | 0.00 | 30,411 | |||
| BMTM | 7.90 | 0.35 | 0.00 | 0.02 | 0.00 | 21.21 | 99.36 |
Be your own money manager
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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
| All Next | Launch Module |
Specificity Corporate Management
| Kevin Frisbie | N Director | Profile | |
| Jason Wood | President, Chairman | Profile | |
| Destiny Rivers | Account Mang | Profile | |
| William Anderson | COO Director | Profile |