St Joseph Correlations
| STJO Stock | USD 0.02 0 11.21% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as St Joseph moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if St Joseph moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
St Joseph Correlation With Market
Good diversification
The correlation between St Joseph and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding St Joseph and DJI in the same portfolio, assuming nothing else is changed.
STJO |
The ability to find closely correlated positions to St Joseph could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace St Joseph 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 St Joseph - 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 St Joseph to buy it.
Moving against STJO Pink Sheet
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| 0.65 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.52 | PRTS | CarPartsCom Earnings Call This Week | PairCorr |
| 0.43 | GEL | Genesis Energy LP | PairCorr |
| 0.42 | DFKCY | Daifuku Co | PairCorr |
| 0.37 | RDNW | RideNow Group Symbol Change | PairCorr |
| 0.35 | PSX | Phillips 66 | PairCorr |
| 0.35 | ENBP | ENB Financial Corp | PairCorr |
| 0.33 | GL-PD | Globe Life 425 | PairCorr |
| 0.32 | SOJE | Southern Company | PairCorr |
| 0.71 | AIQUF | LAir Liquide SA | PairCorr |
| 0.54 | E | Eni SpA ADR | PairCorr |
| 0.53 | TRP | TC Energy Corp | PairCorr |
| 0.49 | BLE | BlackRock MIT II | PairCorr |
| 0.48 | ASX | ASE Industrial Holding | PairCorr |
| 0.43 | MOG-A | Moog Inc | PairCorr |
| 0.42 | TDY | Teledyne Technologies | PairCorr |
| 0.39 | ITW | Illinois Tool Works | PairCorr |
| 0.37 | CGON | CG Oncology Common | PairCorr |
| 0.36 | TEAD | Teads BV Symbol Change | PairCorr |
| 0.35 | ALFVF | Alfa Laval AB | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between STJO Pink Sheet performing well and St Joseph 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 St Joseph'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EOSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APRO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YAYO | 3.01 | 0.80 | 0.00 | (1.18) | 0.00 | 0.00 | 150.00 | |||
| MHHC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WAXS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| USLQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STWC | 8.95 | 4.91 | 0.00 | (0.97) | 0.00 | 0.00 | 300.00 | |||
| FIFG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRYN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in St Joseph 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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