Spectra7 Microsystems Correlations
| SPVNFDelisted Stock | USD 0.01 0.00 0.00% |
The correlation of Spectra7 Microsystems 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.
Spectra7 Microsystems Correlation With Market
Pay attention - limited upside
The correlation between Spectra7 Microsystems and DJI is -0.88 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectra7 Microsystems and DJI in the same portfolio, assuming nothing else is changed.
Spectra7 |
The ability to find closely correlated positions to Spectra7 Microsystems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spectra7 Microsystems 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 Spectra7 Microsystems - 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 Spectra7 Microsystems to buy it.
Moving together with Spectra7 OTC Stock
Moving against Spectra7 OTC Stock
| 0.94 | ADEA | ADEIA P Tech Boost | PairCorr |
| 0.92 | CMA | Comerica Incorporated | PairCorr |
| 0.9 | KRKNF | Kraken Robotics | PairCorr |
| 0.88 | WLK | Westlake Chemical | PairCorr |
| 0.88 | NTRSO | Northern Trust | PairCorr |
| 0.87 | RHHVF | Roche Holding AG | PairCorr |
| 0.87 | INGR | Ingredion Incorporated | PairCorr |
| 0.86 | STRS | Stratus Properties | PairCorr |
| 0.86 | VOD | Vodafone Group PLC | PairCorr |
| 0.86 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.84 | CING | Cingulate | PairCorr |
| 0.81 | LNN | Lindsay | PairCorr |
| 0.8 | SBYSF | Sibanye Stillwater | PairCorr |
| 0.78 | DAWN | Day One Biopharmaceu | PairCorr |
| 0.75 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.73 | KT | KT Corporation | PairCorr |
| 0.54 | AOIFF | Africa Oil Corp | PairCorr |
| 0.45 | AEMMY | A2A SpA ADR | PairCorr |
| 0.4 | ANLDF | Anfield Resources | PairCorr |
| 0.4 | XYIGY | Xinyi Glass Holdings Earnings Call Today | PairCorr |
| 0.35 | ENB | Enbridge | PairCorr |
| 0.92 | SBKO | Summit Bank Group | PairCorr |
| 0.91 | TVFCF | Télévision Française | PairCorr |
| 0.88 | PNC | PNC Financial Services | PairCorr |
| 0.86 | IFS | Intercorp Financial | PairCorr |
| 0.86 | CLEGF | Coles Group Earnings Call Tomorrow | PairCorr |
| 0.85 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.82 | MEEEF | Metal Energy Corp | PairCorr |
| 0.81 | CCL | Carnival | PairCorr |
| 0.81 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.8 | MTZ | MasTec Inc Earnings Call Today | PairCorr |
| 0.73 | JNJ | Johnson Johnson | PairCorr |
| 0.72 | FLFG | Federal Life Group | PairCorr |
| 0.72 | BNL | Broadstone Net Lease | PairCorr |
| 0.68 | LTSK | Ladenburg Thalmann | PairCorr |
| 0.6 | OTSKY | Otsuka Holdings | 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
|
Risk-Adjusted Indicators
There is a big difference between Spectra7 OTC Stock performing well and Spectra7 Microsystems 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 Spectra7 Microsystems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STRI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MWRK | 10.54 | (0.12) | 0.00 | 0.37 | 0.00 | 28.57 | 88.79 | |||
| TRCC | 2.16 | (0.70) | 0.00 | 3.59 | 0.00 | 0.00 | 76.63 | |||
| XRAPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CNTFY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ODII | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSFT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LUPGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Spectra7 Microsystems Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Spectra7 Microsystems otc stock to make a market-neutral strategy. Peer analysis of Spectra7 Microsystems could also be used in its relative valuation, which is a method of valuing Spectra7 Microsystems by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Spectra7 Microsystems Corporate Executives
Elected by the shareholders, the Spectra7 Microsystems' board of directors comprises two types of representatives: Spectra7 Microsystems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spectra7. The board's role is to monitor Spectra7 Microsystems' management team and ensure that shareholders' interests are well served. Spectra7 Microsystems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Spectra7 Microsystems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew Kim | CTO and VP of Engineering | Profile |
Still Interested in Spectra7 Microsystems?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.