Sol Strategies Correlations

STKE Stock

1.78 0.08 4.30%

The current 90-days correlation between Sol Strategies Common and Grande Group Limited is -0.12 (i.e., Good diversification). The correlation of Sol Strategies 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.

Sol Strategies Correlation With Market

Very weak diversification

The correlation between Sol Strategies Common and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sol Strategies Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sol Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sol Strategies Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sol Stock

0.89	CGXYY	China Galaxy Securities	Pair Corr
0.83	GS-PA	Goldman Sachs	Pair Corr
0.93	MS-PA	Morgan Stanley	Pair Corr
0.84	GS-PD	Goldman Sachs	Pair Corr
0.66	GMTNF	Gold Mountain Mining	Pair Corr
0.73	STHC	Southcorp Capital	Pair Corr

Moving against Sol Stock

0.79	PPERY	Bank Mandiri Persero	Pair Corr
0.77	PTAIY	Astra International Tbk	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	MS	Morgan Stanley	Pair Corr
0.55	PBCRY	Bank Central Asia	Pair Corr
0.51	PPERF	Bank Mandiri Persero	Pair Corr
0.5	GS	Goldman Sachs Group	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.81	PMYLF	Boab Metals Limited	Pair Corr
0.74	SIUSD	Silver Futures	Pair Corr
0.73	MBX	MBX Biosciences, Common	Pair Corr
0.68	AROW	Arrow Financial	Pair Corr
0.6	CLS	Celestica Tech Boost	Pair Corr
0.57	TORO	Toro	Pair Corr
0.44	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.38	ZNWLF	Zinnwald Lithium Plc	Pair Corr
0.33	KRKNF	Kraken Robotics Tech Boost	Pair Corr
0.32	NVTQF	Trench Metals Corp	Pair Corr
0.85	PEYUF	Peyto ExplorationDevel	Pair Corr
0.83	GRAF	Graf Global Corp	Pair Corr
0.83	IBIDF	Ibiden CoLtd	Pair Corr
0.78	HBPCF	Helix BioPharma Corp	Pair Corr
0.77	HBIO	Harvard Bioscience	Pair Corr
0.75	EOLS	Evolus Inc	Pair Corr

Related Correlations Analysis

	OFS	GRAN	HNNA	SSEA	DAIC	GECC	DOMH	PFX
OFS		0.52	0.25	-0.13	0.86	0.61	0.92	0.92	OFS
GRAN	0.52		-0.06	0.29	0.36	0.38	0.51	0.61	GRAN
HNNA	0.25	-0.06		-0.05	0.25	0.55	0.36	0.08	HNNA
SSEA	-0.13	0.29	-0.05		-0.37	0.33	-0.15	-0.07	SSEA
DAIC	0.86	0.36	0.25	-0.37		0.54	0.84	0.76	DAIC
GECC	0.61	0.38	0.55	0.33	0.54		0.64	0.49	GECC
DOMH	0.92	0.51	0.36	-0.15	0.84	0.64		0.87	DOMH
PFX	0.92	0.61	0.08	-0.07	0.76	0.49	0.87		PFX
	OFS	GRAN	HNNA	SSEA	DAIC	GECC	DOMH	PFX

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

DOMH	+ 0.92	OFS
PFX	+ 0.92	OFS
PFX	+ 0.87	DOMH
DAIC	+ 0.86	OFS
DOMH	+ 0.84	DAIC
PFX	+ 0.76	DAIC

High negative correlations

DAIC	- 0.37	SSEA
DOMH	- 0.15	SSEA
SSEA	- 0.13	OFS
PFX	- 0.07	SSEA
HNNA	- 0.06	GRAN
SSEA	- 0.05	HNNA

Risk-Adjusted Indicators

There is a big difference between Sol Stock performing well and Sol Strategies 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 Sol Strategies' 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
OFS	2.18	(0.81)	0.00	(1.64)	0.00	0.00	4.14	(5.92)	16.93
GRAN	6.39	(0.02)	0.02	0.05	6.61	(7.72)	16.20	(10.85)	48.18
HNNA	1.53	(0.16)	0.00	0.69	0.00	0.00	2.83	(3.66)	14.53
SSEA	0.08	0.00	(0.31)	1.89	0.00	(0.16)	0.20	(0.20)	0.70
DAIC	4.94	(2.11)	0.00	(0.59)	0.00	0.00	7.92	(14.29)	35.46
GECC	2.24	(0.69)	0.00	(0.93)	0.00	0.00	3.24	(6.74)	14.04
DOMH	4.34	(0.84)	0.00	(0.13)	0.00	0.00	8.64	(8.64)	20.68
PFX	1.32	(0.15)	0.00	(0.21)	0.00	0.00	2.45	(2.72)	9.69

Sol Strategies Corporate Management

Jeremy Budd	Corporate Secretary	Profile
CFA Ragozzino	Investor Contact	Profile
Andrew McDonald	Chief Officer	Profile
Max Kaplan	Chief Officer	Profile
John Ragozzino	Investor Contact	Profile

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