Scheid Vineyards Correlations
| SVINDelisted Stock | USD 15.00 0.00 0.00% |
The current 90-days correlation between Scheid Vineyards and Willamette Valley Vineyards is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scheid Vineyards moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scheid Vineyards moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Scheid Vineyards Correlation With Market
Significant diversification
The correlation between Scheid Vineyards and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scheid Vineyards and DJI in the same portfolio, assuming nothing else is changed.
Scheid |
The ability to find closely correlated positions to Scheid Vineyards could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scheid Vineyards 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 Scheid Vineyards - 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 Scheid Vineyards to buy it.
Moving together with Scheid Pink Sheet
| 0.74 | AAGRW | African Agriculture | PairCorr |
| 0.82 | BG | Bunge Limited | PairCorr |
| 0.65 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
| 0.65 | FC | Franklin Covey | PairCorr |
| 0.74 | LW | Lamb Weston Holdings | PairCorr |
| 0.7 | UL | Unilever PLC ADR | PairCorr |
| 0.9 | DOLE | Dole PLC | PairCorr |
| 0.62 | FARM | Farmer Bros | PairCorr |
Moving against Scheid Pink Sheet
| 0.82 | K | Kellanova | PairCorr |
| 0.79 | DLTR | Dollar Tree | PairCorr |
| 0.59 | KR | Kroger Company | PairCorr |
| 0.47 | BJ | BJs Wholesale Club | PairCorr |
| 0.31 | COOTW | Australian Oilseeds | PairCorr |
| 0.88 | EAST | Eastside Distilling | PairCorr |
| 0.85 | WILC | G Willi Food | PairCorr |
| 0.73 | BRLSW | Borealis Foods Symbol Change | PairCorr |
| 0.7 | ACI | Albertsons Companies | PairCorr |
| 0.66 | VITL | Vital Farms | PairCorr |
| 0.66 | EDBL | Edible Garden AG | PairCorr |
| 0.65 | CCU | Compania Cervecerias | PairCorr |
| 0.55 | BTI | British American Tobacco | PairCorr |
| 0.39 | WVVI | Willamette Valley Trending | PairCorr |
Related Correlations Analysis
| -0.58 | 0.72 | -0.7 | -0.59 | WVVI | ||
| -0.58 | -0.77 | 0.86 | 0.76 | CWGL | ||
| 0.72 | -0.77 | -0.73 | -0.68 | ALCO | ||
| -0.7 | 0.86 | -0.73 | 0.72 | MOND | ||
| -0.59 | 0.76 | -0.68 | 0.72 | HNFSA | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Scheid Pink Sheet performing well and Scheid Vineyards 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 Scheid Vineyards' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WVVI | 1.72 | 0.46 | 0.29 | (1.95) | 1.07 | 4.24 | 21.34 | |||
| CWGL | 1.07 | (0.19) | 0.00 | 0.52 | 0.00 | 2.84 | 8.18 | |||
| ALCO | 1.92 | 0.35 | 0.20 | 0.50 | 1.48 | 4.92 | 23.20 | |||
| MOND | 7.72 | (4.28) | 0.00 | 2.01 | 0.00 | 7.87 | 65.61 | |||
| HNFSA | 0.43 | (0.12) | 0.00 | (0.27) | 0.00 | 0.00 | 14.54 |
Scheid Vineyards Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Scheid Vineyards pink sheet to make a market-neutral strategy. Peer analysis of Scheid Vineyards could also be used in its relative valuation, which is a method of valuing Scheid Vineyards by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Scheid Vineyards Corporate Executives
Elected by the shareholders, the Scheid Vineyards' board of directors comprises two types of representatives: Scheid Vineyards inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Scheid. The board's role is to monitor Scheid Vineyards' management team and ensure that shareholders' interests are well served. Scheid Vineyards' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Scheid Vineyards' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Thomsen | CFO and Principal Accounting Officer | Profile | |
| Kurt Gollnick | COO and Sr. VP | Profile |
Still Interested in Scheid Vineyards?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.