Satori Resources Correlations
| STRRF Stock | USD 0.12 0.01 9.09% |
The current 90-days correlation between Satori Resources and Aurion Resources is 0.14 (i.e., Average diversification). The correlation of Satori Resources 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.
Satori Resources Correlation With Market
Significant diversification
The correlation between Satori Resources and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Satori Resources and DJI in the same portfolio, assuming nothing else is changed.
Satori |
The ability to find closely correlated positions to Satori Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Satori Resources 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 Satori Resources - 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 Satori Resources to buy it.
Moving together with Satori OTC Stock
| 0.64 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | PBCRY | Bank Central Asia | PairCorr |
| 0.67 | PTBRY | Bank Negara Indonesia Normal Trading | PairCorr |
Moving against Satori OTC Stock
| 0.33 | NCMGY | Newcrest Mining | PairCorr |
| 0.32 | NCMGF | Newcrest Mining | PairCorr |
| 0.6 | DXYZ | Destiny Tech100 | PairCorr |
| 0.54 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.52 | GM | General Motors Aggressive Push | PairCorr |
| 0.51 | DECK | Deckers Outdoor | PairCorr |
| 0.51 | ZM | Zoom Video Communications Earnings Call Today | PairCorr |
| 0.5 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.49 | KSCP | Knightscope | PairCorr |
| 0.49 | CSTXF | CryptoStar Corp | PairCorr |
| 0.43 | SNOW | Snowflake Trending | PairCorr |
| 0.4 | CRWD | Crowdstrike Holdings Earnings Call Tomorrow | PairCorr |
| 0.39 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.38 | GVA | Granite Construction | PairCorr |
| 0.36 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.34 | NVDA | NVIDIA | PairCorr |
| 0.34 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.32 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Satori OTC Stock performing well and Satori Resources OTC Stock 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 Satori Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIRRF | 2.30 | (0.05) | (0.03) | 0.01 | 2.93 | 5.13 | 15.14 | |||
| LGDTF | 3.12 | (0.35) | 0.00 | (2.14) | 0.00 | 4.76 | 18.80 | |||
| ORZCF | 2.66 | (0.24) | 0.00 | (0.54) | 0.00 | 5.36 | 22.11 | |||
| RMRDF | 4.81 | 0.43 | 0.08 | 0.40 | 4.32 | 11.11 | 35.00 | |||
| PDIYF | 2.43 | 0.47 | 0.00 | 0.63 | 0.00 | 11.76 | 55.77 | |||
| FSM | 2.33 | 0.00 | (0.01) | 0.12 | 3.15 | 4.66 | 17.32 | |||
| SAND | 1.73 | 0.09 | 0.00 | 0.42 | 2.41 | 3.33 | 15.60 | |||
| IAUX | 4.54 | (0.28) | 0.00 | (0.12) | 0.00 | 10.28 | 66.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Satori Resources 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?
Run Volatility Analysis Now
Volatility AnalysisGet historical volatility and risk analysis based on latest market data |
| All Next | Launch Module |