Sipup Correlations

SPUP Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between Sipup and TechCom is 0.01 (i.e., Significant diversification). The correlation of Sipup 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.

Sipup Correlation With Market

Significant diversification

The correlation between Sipup and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sipup and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sipup Pink Sheet

0.78	XXI	Twenty One Capital	Pair Corr
0.74	MNTN	MNTN Inc	Pair Corr
0.8	CMWCF	Cromwell Property	Pair Corr

Moving against Sipup Pink Sheet

0.9	LION	Lionsgate Studios Holding	Pair Corr
0.88	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.8	PBAJ	Petro Usa	Pair Corr
0.74	BAC	Bank of America	Pair Corr
0.67	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.59	DIS	Walt Disney	Pair Corr
0.56	AXP	American Express	Pair Corr
0.51	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.5	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.5	BA	Boeing Sell-off Trend	Pair Corr
0.45	MCD	McDonalds	Pair Corr
0.43	PBMRF	PT Bumi Resources	Pair Corr
0.4	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr
0.37	HCMC	Healthier Choices	Pair Corr
0.34	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Related Correlations Analysis

	ITRX	TCRI	PSCO	BOREF	EWGFF	ABVN	MGTE	PNXPF	DPXCF	GFOO
ITRX		-0.77	-0.45	-0.26	-0.11	-0.24	0.47	0.25	0.48	0.0	ITRX
TCRI	-0.77		0.49	0.18	0.01	0.06	-0.49	0.04	-0.19	0.0	TCRI
PSCO	-0.45	0.49		-0.05	-0.18	0.15	-0.59	0.18	0.14	0.0	PSCO
BOREF	-0.26	0.18	-0.05		-0.02	0.32	-0.2	-0.15	-0.42	0.0	BOREF
EWGFF	-0.11	0.01	-0.18	-0.02		-0.14	0.16	-0.02	-0.01	0.0	EWGFF
ABVN	-0.24	0.06	0.15	0.32	-0.14		-0.29	-0.44	-0.4	0.0	ABVN
MGTE	0.47	-0.49	-0.59	-0.2	0.16	-0.29		-0.2	-0.24	0.0	MGTE
PNXPF	0.25	0.04	0.18	-0.15	-0.02	-0.44	-0.2		0.61	0.0	PNXPF
DPXCF	0.48	-0.19	0.14	-0.42	-0.01	-0.4	-0.24	0.61		0.0	DPXCF
GFOO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GFOO
	ITRX	TCRI	PSCO	BOREF	EWGFF	ABVN	MGTE	PNXPF	DPXCF	GFOO

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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

DPXCF	+ 0.61	PNXPF
PSCO	+ 0.49	TCRI
DPXCF	+ 0.48	ITRX
MGTE	+ 0.47	ITRX
ABVN	+ 0.32	BOREF
PNXPF	+ 0.25	ITRX

High negative correlations

TCRI	- 0.77	ITRX
MGTE	- 0.59	PSCO
MGTE	- 0.49	TCRI
PSCO	- 0.45	ITRX
PNXPF	- 0.44	ABVN
DPXCF	- 0.42	BOREF

Risk-Adjusted Indicators

There is a big difference between Sipup Pink Sheet performing well and Sipup 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 Sipup'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
ITRX	6.53	2.93	0.00	(1.14)	0.00	0.00	13.77	0.00	151.43
TCRI	123.92	52.46	1.45	0.64	14.18	(616.12)	15.79	(40.00)	4,140
PSCO	25.97	7.79	0.17	1.25	19.89	(85.78)	117.78	(43.09)	457.24
BOREF	9.42	1.49	0.09	1.18	9.33	(22.35)	33.33	(25.00)	98.67
EWGFF	1,335	713.96	8.30	7.61	92.92	(4,407)	3,233	(97.00)	20,000
ABVN	0.92	(0.08)	0.00	(0.18)	0.00	0.00	0.99	0.00	24.88
MGTE	3.65	0.55	0.06	(1.44)	5.03	(4.98)	7.37	(9.09)	32.00
PNXPF	4.66	0.61	0.05	(1.37)	5.20	(9.63)	15.63	(10.81)	34.72
DPXCF	1.50	(0.11)	0.00	1.38	0.00	0.00	0.00	(7.81)	32.51
GFOO	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 Sipup 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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