Supremex Correlations

SUMXF Stock

USD 2.60 0.06 2.26%

The correlation of Supremex 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.

Supremex Correlation With Market

Average diversification

The correlation between Supremex and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Supremex and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Supremex Pink Sheet

0.63	PTITF	PT Indosat Tbk	Pair Corr
0.61	ATCOL	Atlas Corp	Pair Corr
0.59	HMDCF	HUTCHMED Limited	Pair Corr
0.57	PTAIY	Astra International Tbk	Pair Corr
0.44	KEP	Korea Electric Power	Pair Corr
0.4	TLK	Telkom Indonesia Tbk	Pair Corr
0.63	ARRXF	Archer Materials	Pair Corr
0.5	APGE	Apogee Therapeutics,	Pair Corr
0.49	TEO	Telecom Argentina	Pair Corr
0.49	EGP	EastGroup Properties	Pair Corr
0.47	GM	General Motors	Pair Corr
0.41	HE	Hawaiian Electric	Pair Corr
0.37	NOEM	CO2 Energy Transition	Pair Corr
0.33	CYPS	Cyclo3pss	Pair Corr
0.64	PII	Polaris Industries	Pair Corr
0.55	CHACR	Crane Harbor Acquisition	Pair Corr
0.37	AA	Alcoa Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	PXHI	MNNGF	KMSWF	TRZBF	XIAXF	NLLGF	GLXZ	WOSSF	AGTEF	NWRLY
PXHI		0.0	0.0	-0.4	0.0	0.0	-0.27	0.29	0.58	0.0	PXHI
MNNGF	0.0		-1.0	0.0	-1.0	-1.0	0.0	0.0	0.0	-1.0	MNNGF
KMSWF	0.0	-1.0		0.0	1.0	1.0	0.0	0.0	0.0	1.0	KMSWF
TRZBF	-0.4	0.0	0.0		0.0	0.0	0.63	-0.77	-0.36	0.0	TRZBF
XIAXF	0.0	-1.0	1.0	0.0		1.0	0.0	0.0	0.0	1.0	XIAXF
NLLGF	0.0	-1.0	1.0	0.0	1.0		0.0	0.0	0.0	1.0	NLLGF
GLXZ	-0.27	0.0	0.0	0.63	0.0	0.0		-0.46	-0.39	0.0	GLXZ
WOSSF	0.29	0.0	0.0	-0.77	0.0	0.0	-0.46		0.34	0.0	WOSSF
AGTEF	0.58	0.0	0.0	-0.36	0.0	0.0	-0.39	0.34		0.0	AGTEF
NWRLY	0.0	-1.0	1.0	0.0	1.0	1.0	0.0	0.0	0.0		NWRLY
	PXHI	MNNGF	KMSWF	TRZBF	XIAXF	NLLGF	GLXZ	WOSSF	AGTEF	NWRLY

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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

XIAXF	+ 1.0	KMSWF
NLLGF	+ 1.0	KMSWF
NWRLY	+ 1.0	KMSWF
NLLGF	+ 1.0	XIAXF
NWRLY	+ 1.0	XIAXF
NWRLY	+ 1.0	NLLGF

High negative correlations

NWRLY	- 1.0	MNNGF
NLLGF	- 1.0	MNNGF
XIAXF	- 1.0	MNNGF
KMSWF	- 1.0	MNNGF
WOSSF	- 0.77	TRZBF
WOSSF	- 0.46	GLXZ

Risk-Adjusted Indicators

There is a big difference between Supremex Pink Sheet performing well and Supremex 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 Supremex'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
PXHI	4.25	0.52	0.06	(1.98)	5.52	(5.52)	13.07	(8.92)	37.77
MNNGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMSWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRZBF	0.93	(0.12)	0.00	(0.02)	0.00	0.00	1.04	(2.11)	27.93
XIAXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NLLGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLXZ	1.14	(0.05)	(0.04)	0.01	1.33	(1.52)	3.08	(2.70)	10.60
WOSSF	1.10	0.20	0.00	2.58	0.00	0.00	0.00	0.00	43.51
AGTEF	12.94	4.53	0.00	(3.14)	0.00	0.00	0.00	(1.89)	324.52
NWRLY	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 Supremex 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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