Star Alliance Correlations

STAL Stock

USD 0.0003 0.0001 50.00%

The current 90-days correlation between Star Alliance Intern and Vior Inc is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Star Alliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Alliance International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Star Alliance Correlation With Market

Good diversification

The correlation between Star Alliance International and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Alliance International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Star Pink Sheet

0.72	TD	Toronto Dominion Bank	Pair Corr
0.71	KGC	Kinross Gold	Pair Corr
0.71	DSVSF	Discovery Metals Corp	Pair Corr
0.7	GS	Goldman Sachs Group	Pair Corr
0.67	META	Meta Platforms Aggressive Push	Pair Corr
0.67	OKTA	Okta Inc	Pair Corr
0.64	AEM	Agnico Eagle Mines	Pair Corr
0.58	LLY	Eli Lilly	Pair Corr
0.57	ZIJMY	Zijin Mining Group	Pair Corr
0.54	DUOT	Duos Technologies	Pair Corr
0.52	NEM	Newmont Goldcorp Corp Earnings Call This Week	Pair Corr
0.49	MMSI	Merit Medical Systems	Pair Corr
0.49	SMSI	Smith Micro Software Earnings Call This Week	Pair Corr
0.47	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.46	ZIJMF	Zijin Mining Group	Pair Corr
0.44	WMT	Walmart Earnings Call This Week	Pair Corr
0.37	WPM	Wheaton Precious Metals	Pair Corr
0.34	COST	Costco Wholesale Corp	Pair Corr
0.33	ANET	Arista Networks Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	VIORF	NRRSF	ALVLF	MZZMF	CRDOF	NKOSF	NFLDF	MAKOF	TLRS	PUMXF
VIORF		-0.45	-0.15	0.0	0.32	-0.06	-0.46	-0.24	0.0	-0.11	VIORF
NRRSF	-0.45		0.3	0.0	-0.27	-0.19	0.44	-0.37	0.0	-0.05	NRRSF
ALVLF	-0.15	0.3		0.0	-0.2	-0.29	0.5	-0.35	0.0	0.12	ALVLF
MZZMF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MZZMF
CRDOF	0.32	-0.27	-0.2	0.0		0.5	-0.42	0.51	0.0	0.31	CRDOF
NKOSF	-0.06	-0.19	-0.29	0.0	0.5		-0.35	0.7	0.0	0.24	NKOSF
NFLDF	-0.46	0.44	0.5	0.0	-0.42	-0.35		-0.24	0.0	0.19	NFLDF
MAKOF	-0.24	-0.37	-0.35	0.0	0.51	0.7	-0.24		0.0	0.18	MAKOF
TLRS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TLRS
PUMXF	-0.11	-0.05	0.12	0.0	0.31	0.24	0.19	0.18	0.0		PUMXF
	VIORF	NRRSF	ALVLF	MZZMF	CRDOF	NKOSF	NFLDF	MAKOF	TLRS	PUMXF

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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

MAKOF	+ 0.7	NKOSF
MAKOF	+ 0.51	CRDOF
NFLDF	+ 0.5	ALVLF
NKOSF	+ 0.5	CRDOF
NFLDF	+ 0.44	NRRSF
CRDOF	+ 0.32	VIORF

High negative correlations

NFLDF	- 0.46	VIORF
NRRSF	- 0.45	VIORF
NFLDF	- 0.42	CRDOF
MAKOF	- 0.37	NRRSF
NFLDF	- 0.35	NKOSF
MAKOF	- 0.35	ALVLF

Risk-Adjusted Indicators

There is a big difference between Star Pink Sheet performing well and Star Alliance 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 Star Alliance'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
VIORF	3.59	0.09	0.01	0.10	4.33	(12.68)	14.29	(11.11)	36.76
NRRSF	3.63	(0.63)	0.00	(3.80)	0.00	0.00	8.33	(13.64)	32.47
ALVLF	3.30	0.00	0.00	0.00	5.59	(12.59)	16.67	(14.29)	41.67
MZZMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRDOF	3.69	0.25	0.04	(0.18)	3.85	(6.60)	8.70	(8.00)	32.54
NKOSF	5.18	0.43	0.05	(0.40)	6.86	(5.88)	12.50	(12.00)	38.52
NFLDF	5.03	(0.19)	0.00	(0.15)	0.00	0.00	10.00	(14.29)	35.84
MAKOF	2.08	0.36	0.16	8.64	1.92	(2.74)	5.06	(3.40)	19.72
TLRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUMXF	4.34	0.03	0.00	(0.02)	6.89	(14.73)	16.67	(16.67)	45.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Star Alliance 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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Star Alliance Corporate Management

Fernando Godina	Ex Director	Profile
Themis Glatman	Treasurer Sec	Profile
Alska Scherer	Director Counsel	Profile
Richard Carey	Founder Chairman	Profile
Anthony Anish	Company CFO	Profile
Weverson Correia	CEO Director	Profile

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