Star8 Corp Correlations

STRH Stock

USD 0 0.0004 20.00%

The current 90-days correlation between Star8 Corp and Microwave Filter is 0.02 (i.e., Significant 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

Pay attention - limited upside

The correlation between Star8 Corp and DJI is -0.72 (i.e., Pay attention - limited upside) 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 against Star8 Pink Sheet

0.79	SATS	EchoStar	Pair Corr
0.78	BNKHF	BOC Hong Kong	Pair Corr
0.77	LITE	Lumentum Holdings Trending	Pair Corr
0.76	CIEN	Ciena Corp	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.6	BAC-PL	Bank of America	Pair Corr
0.59	OMC	Omnicom Group Earnings Call Today	Pair Corr
0.57	AROC	Archrock Symbol Change	Pair Corr
0.55	BCH	Banco De Chile	Pair Corr
0.52	THO	Thor Industries	Pair Corr
0.52	NFG	National Fuel Gas	Pair Corr
0.49	CSCO	Cisco Systems Earnings Call Today	Pair Corr
0.44	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.4	KB	KB Financial Group Earnings Call Today	Pair Corr
0.37	ERIC	Telefonaktiebolaget	Pair Corr
0.36	SHG	Shinhan Financial Earnings Call Tomorrow	Pair Corr
0.36	SCLTF	Searchlight Resources	Pair Corr
0.81	FIBK	First Interstate Ban	Pair Corr
0.8	CRH	CRH PLC ADR Sell-off Trend	Pair Corr
0.79	FCAP	First Capital	Pair Corr
0.66	OBYCF	Obayashi	Pair Corr
0.65	YLLXF	Yellow Cake plc	Pair Corr
0.64	NEWTH	NewtekOne 8625 percent	Pair Corr
0.64	SPLPP	Steel Partners Holdings	Pair Corr
0.64	JUPGF	Jupiter Gold	Pair Corr
0.62	ENS	Enersys Earnings Call Tomorrow	Pair Corr
0.59	PGEZF	Group Ten Metals	Pair Corr
0.52	APETF	Alpha Esports Tech	Pair Corr
0.48	MAT	Mattel Inc Earnings Call Today	Pair Corr
0.48	SCAGW	Scage Future Warrants	Pair Corr

Related Correlations Analysis

	MFCO	DZSI	TGGLF	TFLM	TPTW	EPYFF	APTY	ENETF	SBIG	JLMKF
MFCO		0.0	0.26	0.79	0.06	0.0	-0.18	-0.04	-0.74	0.0	MFCO
DZSI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DZSI
TGGLF	0.26	0.0		0.46	-0.06	0.0	0.02	0.14	-0.46	0.0	TGGLF
TFLM	0.79	0.0	0.46		0.08	0.0	-0.16	-0.01	-0.66	0.0	TFLM
TPTW	0.06	0.0	-0.06	0.08		0.0	-0.12	0.03	0.08	0.0	TPTW
EPYFF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	EPYFF
APTY	-0.18	0.0	0.02	-0.16	-0.12	0.0		0.09	0.18	0.0	APTY
ENETF	-0.04	0.0	0.14	-0.01	0.03	0.0	0.09		-0.14	0.0	ENETF
SBIG	-0.74	0.0	-0.46	-0.66	0.08	0.0	0.18	-0.14		0.0	SBIG
JLMKF	0.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		JLMKF
	MFCO	DZSI	TGGLF	TFLM	TPTW	EPYFF	APTY	ENETF	SBIG	JLMKF

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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

TFLM	+ 0.79	MFCO
TFLM	+ 0.46	TGGLF
TGGLF	+ 0.26	MFCO
SBIG	+ 0.18	APTY
ENETF	+ 0.14	TGGLF
ENETF	+ 0.09	APTY

High negative correlations

JLMKF	- 1.0	EPYFF
SBIG	- 0.74	MFCO
SBIG	- 0.66	TFLM
SBIG	- 0.46	TGGLF
APTY	- 0.18	MFCO
APTY	- 0.16	TFLM

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
MFCO	4.40	1.19	0.10	(1.87)	4.01	(15.67)	24.07	(9.52)	54.84
DZSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGGLF	8.08	0.04	0.00	0.05	0.00	0.00	22.13	(18.67)	50.04
TFLM	0.19	0.10	0.00	(0.63)	0.00	0.00	0.00	0.00	6.25
TPTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPYFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APTY	12.02	1.30	0.06	0.58	12.08	(32.05)	33.33	(25.00)	58.33
ENETF	522.31	268.71	0.00	(4.62)	0.00	0.00	0.00	0.00	17,597
SBIG	9.55	(0.29)	0.00	(0.16)	0.00	0.00	20.00	(23.08)	57.50
JLMKF	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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