Sunstock Correlations
| SSOK Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between Sunstock and Compagnie Financire Richemont is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunstock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunstock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sunstock Correlation With Market
Poor diversification
The correlation between Sunstock and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunstock and DJI in the same portfolio, assuming nothing else is changed.
Sunstock |
The ability to find closely correlated positions to Sunstock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunstock 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 Sunstock - 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 Sunstock to buy it.
Moving together with Sunstock Pink Sheet
| 0.93 | ISRMF | iShares MSCI | PairCorr |
| 0.92 | MRLWF | Marlowe Plc | PairCorr |
| 0.7 | TSM | Taiwan Semiconductor | PairCorr |
| 0.73 | LYG | Lloyds Banking Group | PairCorr |
| 0.64 | CPA | Copa Holdings SA Downward Rally | PairCorr |
| 0.64 | SUBCY | Subsea 7 SA | PairCorr |
| 0.64 | CASY | Caseys General Stores | PairCorr |
| 0.71 | WZZZY | Wizz Air Holdings | PairCorr |
Moving against Sunstock Pink Sheet
| 0.37 | LVMHF | LVMH Mot Hennessy | PairCorr |
| 0.35 | CHDRY | Christian Dior SE | PairCorr |
| 0.32 | CFRHF | Compagnie Financière | PairCorr |
| 0.32 | MMSI | Merit Medical Systems | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Sunstock Pink Sheet performing well and Sunstock 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 Sunstock'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFRUY | 1.13 | (0.05) | (0.04) | 0.00 | 1.74 | 1.84 | 8.31 | |||
| LVMUY | 1.17 | (0.24) | 0.00 | (0.18) | 0.00 | 2.40 | 9.77 | |||
| PRDSY | 1.18 | (0.02) | 0.00 | (1.59) | 0.00 | 2.69 | 9.05 | |||
| CFRHF | 1.63 | (0.04) | (0.03) | 0.03 | 1.83 | 4.14 | 8.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sunstock 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.Did you try this?
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