Sassy Resources Correlations

SSYRF Stock

USD 0.06 0.01 16.62%

The current 90-days correlation between Sassy Resources and Prime Meridian Resources is -0.01 (i.e., Good diversification). The correlation of Sassy Resources 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.

Sassy Resources Correlation With Market

Significant diversification

The correlation between Sassy Resources and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sassy Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Sassy OTC Stock

0.68	APLD	Applied Blockchain	Pair Corr
0.62	CEG	Constellation Energy Corp Buyout Trend	Pair Corr
0.53	VRT	Vertiv Holdings	Pair Corr
0.52	BHPLF	BHP Group Limited Downward Rally	Pair Corr
0.52	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.51	RTNTF	Rio Tinto Group	Pair Corr
0.49	BHP	BHP Group Limited	Pair Corr
0.49	RIO	Rio Tinto ADR	Pair Corr
0.47	RTPPF	Rio Tinto Group	Pair Corr
0.44	CHH	Choice Hotels Intern	Pair Corr
0.4	AAUKF	Anglo American plc	Pair Corr
0.4	NDAQ	Nasdaq Inc	Pair Corr
0.39	AXON	Axon Enterprise	Pair Corr
0.34	IONQ	IONQ Inc	Pair Corr
0.32	CQP	Cheniere Energy Partners	Pair Corr
0.31	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	PGZFF	TWRFF	MLXEF	NKGFF	AZMTF	PMDRF	CBRSF	BSRUF	EDDYF	ADBRF
PGZFF		-0.56	-0.16	0.62	-0.63	0.69	-0.5	-0.78	-0.01	-0.81	PGZFF
TWRFF	-0.56		0.25	-0.6	0.71	-0.27	0.78	0.65	0.11	0.76	TWRFF
MLXEF	-0.16	0.25		0.05	0.36	0.15	0.24	-0.01	0.04	0.21	MLXEF
NKGFF	0.62	-0.6	0.05		-0.47	0.63	-0.54	-0.75	0.04	-0.66	NKGFF
AZMTF	-0.63	0.71	0.36	-0.47		-0.31	0.78	0.54	0.16	0.78	AZMTF
PMDRF	0.69	-0.27	0.15	0.63	-0.31		-0.24	-0.71	0.14	-0.63	PMDRF
CBRSF	-0.5	0.78	0.24	-0.54	0.78	-0.24		0.44	0.2	0.68	CBRSF
BSRUF	-0.78	0.65	-0.01	-0.75	0.54	-0.71	0.44		-0.08	0.87	BSRUF
EDDYF	-0.01	0.11	0.04	0.04	0.16	0.14	0.2	-0.08		-0.01	EDDYF
ADBRF	-0.81	0.76	0.21	-0.66	0.78	-0.63	0.68	0.87	-0.01		ADBRF
	PGZFF	TWRFF	MLXEF	NKGFF	AZMTF	PMDRF	CBRSF	BSRUF	EDDYF	ADBRF

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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

ADBRF	+ 0.87	BSRUF
CBRSF	+ 0.78	TWRFF
CBRSF	+ 0.78	AZMTF
ADBRF	+ 0.78	AZMTF
ADBRF	+ 0.76	TWRFF
AZMTF	+ 0.71	TWRFF

High negative correlations

ADBRF	- 0.81	PGZFF
BSRUF	- 0.78	PGZFF
BSRUF	- 0.75	NKGFF
BSRUF	- 0.71	PMDRF
ADBRF	- 0.66	NKGFF
ADBRF	- 0.63	PMDRF

Risk-Adjusted Indicators

There is a big difference between Sassy OTC Stock performing well and Sassy Resources 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 Sassy Resources' 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
PGZFF	3.39	(0.57)	0.00	0.66	0.00	0.00	7.51	(8.00)	19.53
TWRFF	3.70	0.70	0.05	(0.47)	4.24	(7.33)	11.18	(9.60)	30.37
MLXEF	3.34	0.01	(0.01)	0.15	4.49	(7.40)	12.50	(10.71)	34.71
NKGFF	4.20	0.03	0.00	0.08	0.00	0.00	13.64	(11.11)	29.72
AZMTF	4.00	0.65	0.06	(2.64)	4.71	(7.58)	11.36	(7.69)	46.14
PMDRF	1.20	(0.40)	0.00	(0.36)	0.00	0.00	0.00	0.00	40.00
CBRSF	5.03	2.53	0.00	(0.53)	0.00	0.00	0.00	0.00	183.33
BSRUF	1.41	0.74	0.00	(4.91)	0.00	0.00	0.00	0.00	25.00
EDDYF	5.64	0.30	0.02	0.35	8.24	(23.71)	31.94	(20.14)	87.64
ADBRF	3.20	1.21	0.30	9.20	2.19	(4.98)	9.09	(4.17)	23.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sassy Resources 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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