Stack Capital Correlations

STCK Stock

15.51 0.09 0.58%

The current 90-days correlation between Stack Capital Group and Global Dividend Growth is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stack Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stack Capital Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stack Capital Correlation With Market

Average diversification

The correlation between Stack Capital Group and DJI is 0.17 (i.e., Average 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 Stock

0.7	FFN	North American Financial	Pair Corr
0.63	WTE	Westshore Terminals	Pair Corr
0.73	FTU-PB	US Financial 15	Pair Corr
0.8	EOG	Eco Atlantic Oil	Pair Corr
0.62	MSV	Minco Silver	Pair Corr
0.71	PGDC	Patagonia Gold Corp	Pair Corr
0.71	GS	GOLDMAN SACHS CDR	Pair Corr
0.73	ELD	Eldorado Gold Corp	Pair Corr
0.69	CGNT	Copper Giant Resources	Pair Corr
0.85	ELR	Eastern Platinum	Pair Corr
0.64	PNTR	Pantera Silver Corp	Pair Corr

Moving against Stack Stock

0.62	TGO	TeraGo Inc	Pair Corr
0.57	ETG	Entree Resources	Pair Corr
0.33	AEMC	Alaska Energy Metals Earnings Call Today	Pair Corr
0.33	NSTL	Nestl CDR	Pair Corr
0.32	KLS	Kelso Technologies	Pair Corr

Related Correlations Analysis

	GDV	DFN	PIC-A	LFE	RS	XAU	URB-A	OLY	PWI
GDV		0.93	0.69	0.85	-0.88	-0.4	0.91	-0.28	0.3	GDV
DFN	0.93		0.67	0.89	-0.89	-0.36	0.91	-0.26	0.35	DFN
PIC-A	0.69	0.67		0.87	-0.7	-0.62	0.73	-0.14	-0.02	PIC-A
LFE	0.85	0.89	0.87		-0.83	-0.51	0.89	-0.25	0.05	LFE
RS	-0.88	-0.89	-0.7	-0.83		0.52	-0.92	0.18	-0.22	RS
XAU	-0.4	-0.36	-0.62	-0.51	0.52		-0.55	-0.29	0.03	XAU
URB-A	0.91	0.91	0.73	0.89	-0.92	-0.55		-0.18	0.18	URB-A
OLY	-0.28	-0.26	-0.14	-0.25	0.18	-0.29	-0.18		-0.07	OLY
PWI	0.3	0.35	-0.02	0.05	-0.22	0.03	0.18	-0.07		PWI
	GDV	DFN	PIC-A	LFE	RS	XAU	URB-A	OLY	PWI

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

DFN	+ 0.93	GDV
URB-A	+ 0.91	GDV
URB-A	+ 0.91	DFN
LFE	+ 0.89	DFN
URB-A	+ 0.89	LFE
LFE	+ 0.87	PIC-A

High negative correlations

URB-A	- 0.92	RS
RS	- 0.89	DFN
RS	- 0.88	GDV
RS	- 0.83	LFE
RS	- 0.7	PIC-A
XAU	- 0.62	PIC-A

Risk-Adjusted Indicators

There is a big difference between Stack Stock 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
GDV	0.61	0.11	0.08	0.37	0.52	(0.72)	1.32	(1.17)	3.70
DFN	0.46	0.19	0.16	0.61	0.41	(0.61)	1.17	(0.45)	4.63
PIC-A	0.69	0.12	0.06	0.57	0.82	(0.71)	1.73	(1.60)	4.32
LFE	0.53	0.26	0.30	1.08	0.00	(0.71)	1.53	(0.94)	2.90
RS	0.67	(0.17)	0.00	(0.39)	0.00	0.00	1.22	(1.85)	3.86
XAU	1.81	(0.23)	0.00	(0.14)	0.00	0.00	3.34	(4.14)	9.52
URB-A	1.28	0.29	0.18	1.42	0.99	(1.57)	3.41	(1.79)	6.70
OLY	1.21	(0.22)	0.00	(0.98)	0.00	0.00	2.86	(3.06)	12.50
PWI	0.95	0.09	0.02	0.67	0.99	(1.08)	2.49	(1.87)	6.71

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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