Star8 Corp Correlations

STRH Stock

USD 0 0.0001 7.69%

The current 90-days correlation between Star8 Corp and iEntertainment Network is -0.01 (i.e., Good diversification). The correlation of Star8 Corp 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.

Star8 Corp Correlation With Market

Very good diversification

The correlation between Star8 Corp and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star8 Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Star8 Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star8 Corp 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 Star8 Corp - 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 Star8 Corp to buy it.

Moving together with Star8 Pink Sheet

0.76

PBCRF

PT Bank Central

Pair Corr

Moving against Star8 Pink Sheet

0.54	CIEN	Ciena Corp Earnings Call Today	Pair Corr
0.53	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.52	LITE	Lumentum Holdings	Pair Corr
0.52	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.51	NOKBF	Nokia	Pair Corr
0.49	SATS	EchoStar	Pair Corr
0.47	ERIC-B	Telefonaktiebolaget	Pair Corr
0.44	PPERY	Bank Mandiri Persero	Pair Corr
0.38	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.37	UI	Ubiquiti Networks	Pair Corr
0.36	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.47	MOG-A	Moog Inc	Pair Corr
0.46	WDC	Western Digital	Pair Corr
0.45	ALEEF	Alerio Gold Corp	Pair Corr
0.42	CMTV	Community Bancorp Common	Pair Corr
0.41	RDNW	RideNow Group Earnings Call This Week	Pair Corr
0.41	Q	Qnity Electronics	Pair Corr
0.41	ASX	ASE Industrial Holding	Pair Corr
0.41	LYG	Lloyds Banking Group	Pair Corr
0.36	VIR	Vir Biotechnology	Pair Corr
0.36	TSM	Taiwan Semiconductor	Pair Corr
0.31	AIQUF	LAir Liquide SA	Pair Corr
0.56	TWODF	Taylor Wimpey plc Earnings Call Today	Pair Corr
0.54	DOV	Dover	Pair Corr
0.52	RVRF	River Financial	Pair Corr
0.5	FLFG	Federal Life Group	Pair Corr

Related Correlations Analysis

	TGHI	IENT	ONCI	VHAI	IGEN	VSST	LQAVF
TGHI		0.0	0.0	0.0	1.0	0.0	1.0	TGHI
IENT	0.0		-0.1	0.01	0.0	0.05	0.0	IENT
ONCI	0.0	-0.1		0.13	0.0	-0.07	0.0	ONCI
VHAI	0.0	0.01	0.13		0.0	-0.47	0.0	VHAI
IGEN	1.0	0.0	0.0	0.0		0.0	1.0	IGEN
VSST	0.0	0.05	-0.07	-0.47	0.0		0.0	VSST
LQAVF	1.0	0.0	0.0	0.0	1.0	0.0		LQAVF
	TGHI	IENT	ONCI	VHAI	IGEN	VSST	LQAVF

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

IGEN	+ 1.0	TGHI
LQAVF	+ 1.0	TGHI
LQAVF	+ 1.0	IGEN
VHAI	+ 0.13	ONCI
VSST	+ 0.05	IENT
VHAI	+ 0.01	IENT

High negative correlations

VSST	- 0.47	VHAI
ONCI	- 0.1	IENT
VSST	- 0.07	ONCI
LQAVF	- 0.0	VSST
VSST	- 0.0	IGEN
LQAVF	- 0.0	VHAI

Risk-Adjusted Indicators

There is a big difference between Star8 Pink Sheet performing well and Star8 Corp 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 Star8 Corp'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
TGHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IENT	24.83	9.19	0.17	(0.99)	17.01	(99.96)	50.00	(33.33)	473.00
ONCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VHAI	6.01	0.67	0.00	0.33	0.00	0.00	0.00	0.00	150.00
IGEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSST	31.50	14.95	0.82	(0.65)	7.52	(126.24)	21.21	(20.74)	1,056
LQAVF	0.00	0.00	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 Star8 Corp 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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