Stillfront Group Correlations

STLFF Stock  USD 0.49  0.14  22.22%   
The correlation of Stillfront Group 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.

Stillfront Group Correlation With Market

Very good diversification

The correlation between Stillfront Group AB and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stillfront Group AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Stillfront Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stillfront Group 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 Stillfront Group - 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 Stillfront Group AB to buy it.

Moving together with Stillfront Pink Sheet

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  0.65NTDOY Nintendo Co ADRPairCorr
  0.71TTWO Take Two InteractivePairCorr

Moving against Stillfront Pink Sheet

  0.55BILI Bilibili Earnings Call This WeekPairCorr
  0.44EC Ecopetrol SA ADRPairCorr
  0.43KEP Korea Electric PowerPairCorr
  0.76NNBR NN IncPairCorr
  0.58NTZ Natuzzi SpAPairCorr
  0.57BLAGF Blue Lagoon ResourcesPairCorr
  0.51EMMA Emmaus Life SciencesPairCorr
  0.5TLOFF Talon Metals CorpPairCorr
  0.33MS-PF Morgan StanleyPairCorr
  0.79MXCHY Orbia Advance CorpPairCorr
  0.77JOE St Joe CompanyPairCorr
  0.6BNEFF Bonterra Energy CorpPairCorr
  0.59AES AES Aggressive PushPairCorr
  0.55PRTS CarPartsComPairCorr
  0.54TOGOF TomaGoldPairCorr

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

CMDXFRMDEF
BGOUFPAOTF
NNFTFPAOTF
PAOTFRMDEF
NNFTFMCAP
NNFTFBGOUF
  

High negative correlations

PXPHFRMDEF
PXPHFCMDXF
PXPHFPAOTF
PXPHFBGOUF
NNFTFSCFR
NNFTFPXPHF

Risk-Adjusted Indicators

There is a big difference between Stillfront Pink Sheet performing well and Stillfront Group 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 Stillfront Group'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RMDEF  0.20 (0.09) 0.00  0.35  0.00 
 0.00 
 6.47 
SCFR  1.29  0.07  0.00 (0.11) 0.00 
 7.14 
 25.83 
AKAFF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AXNVF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MCAP  1.98 (0.81) 0.00 (1.31) 0.00 
 0.00 
 53.63 
PAOTF  2.61 (0.37) 0.00 (0.82) 0.00 
 5.97 
 19.87 
CMDXF  1.77 (0.14) 0.00 (2.35) 0.00 
 3.13 
 23.52 
BGOUF  1.01 (0.09) 0.00  0.28  0.00 
 2.84 
 25.01 
PXPHF  0.54  0.24  0.00  0.63  0.00 
 0.00 
 17.48 
NNFTF  0.42 (0.20) 0.00  0.63  0.00 
 0.00 
 14.00 

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Our tools can tell you how much better you can do entering a position in Stillfront Group 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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