Stack Capital Correlations

STCGF Stock

USD 13.58 0.42 3.00%

The correlation of Stack Capital 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.

Stack Capital Correlation With Market

Very poor diversification

The correlation between Stack Capital Group and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stack Capital Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Stack Pink Sheet

0.66	BLK	BlackRock	Pair Corr
0.84	BK	Bank of New York	Pair Corr
0.92	IVSBF	Investor AB ser	Pair Corr
0.9	IVSXF	Investor AB	Pair Corr
0.9	AMP	Ameriprise Financial	Pair Corr
0.73	COHG	Cheetah Oil Gas	Pair Corr
0.82	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr
0.69	INTC	Intel	Pair Corr
0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.83	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Stack Pink Sheet

0.68	FSTF	First State Financial	Pair Corr
0.46	ERHE	ERHC Energy	Pair Corr
0.68	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SORHF	VNMHF	AGNMF	BKUTK	FACO	ELRNF	ENBP	FFXXF	MSWV	CMTV
SORHF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SORHF
VNMHF	0.0		0.56	-0.66	-0.75	0.0	-0.77	0.13	-0.51	-0.76	VNMHF
AGNMF	0.0	0.56		-0.63	-0.34	0.0	-0.52	0.33	-0.52	-0.52	AGNMF
BKUTK	0.0	-0.66	-0.63		0.41	0.0	0.68	-0.02	0.66	0.8	BKUTK
FACO	0.0	-0.75	-0.34	0.41		0.0	0.4	-0.15	0.38	0.45	FACO
ELRNF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ELRNF
ENBP	0.0	-0.77	-0.52	0.68	0.4	0.0		0.12	0.45	0.86	ENBP
FFXXF	0.0	0.13	0.33	-0.02	-0.15	0.0	0.12		0.2	0.27	FFXXF
MSWV	0.0	-0.51	-0.52	0.66	0.38	0.0	0.45	0.2		0.74	MSWV
CMTV	0.0	-0.76	-0.52	0.8	0.45	0.0	0.86	0.27	0.74		CMTV
	SORHF	VNMHF	AGNMF	BKUTK	FACO	ELRNF	ENBP	FFXXF	MSWV	CMTV

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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

CMTV	+ 0.86	ENBP
CMTV	+ 0.8	BKUTK
CMTV	+ 0.74	MSWV
ENBP	+ 0.68	BKUTK
MSWV	+ 0.66	BKUTK
AGNMF	+ 0.56	VNMHF

High negative correlations

ENBP	- 0.77	VNMHF
CMTV	- 0.76	VNMHF
FACO	- 0.75	VNMHF
BKUTK	- 0.66	VNMHF
BKUTK	- 0.63	AGNMF
CMTV	- 0.52	AGNMF

Risk-Adjusted Indicators

There is a big difference between Stack Pink Sheet performing well and Stack Capital 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 Stack Capital'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
SORHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNMHF	0.27	(0.14)	0.00	1.39	0.00	0.00	0.00	0.00	9.06
AGNMF	4.46	(0.16)	0.00	(0.14)	0.00	0.00	11.11	(11.76)	41.35
BKUTK	1.14	0.23	0.09	5.40	1.20	(1.79)	2.67	(2.50)	8.53
FACO	1.64	0.31	0.12	0.73	1.59	(2.40)	3.95	(2.56)	24.69
ELRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENBP	0.69	0.09	0.03	(0.21)	0.92	(0.99)	2.13	(1.58)	5.31
FFXXF	2.20	0.10	0.01	0.69	2.99	(4.14)	6.86	(5.56)	21.28
MSWV	0.56	0.14	0.13	0.91	0.33	(0.88)	1.64	(1.16)	3.66
CMTV	1.08	0.51	0.32	3.75	0.36	(1.80)	2.32	(1.25)	18.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stack Capital 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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