SavMobi Technology Correlations

SVMB Stock

USD 1.00 0.15 17.65%

The current 90-days correlation between SavMobi Technology and ABV Consulting is 0.07 (i.e., Significant diversification). The correlation of SavMobi Technology 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.

SavMobi Technology Correlation With Market

Excellent diversification

The correlation between SavMobi Technology and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SavMobi Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SavMobi Pink Sheet

0.74

PBCRY

Bank Central Asia

Pair Corr

Moving against SavMobi Pink Sheet

0.82	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.79	GRBK	Green Brick Partners Earnings Call This Week	Pair Corr
0.78	DUK-PA	Duke Energy	Pair Corr
0.74	NNBR	NN Inc	Pair Corr
0.72	MEGI	MainStay CBRE Global	Pair Corr
0.72	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.66	FRSB	First Resource Bank	Pair Corr
0.64	BLAGF	Blue Lagoon Resources	Pair Corr
0.64	AES	AES Earnings Call This Week	Pair Corr
0.61	BBDO	Banco Bradesco SA	Pair Corr
0.58	SLSR	Solaris Resources	Pair Corr
0.5	NNRHF	Neinor Homes SA Earnings Call This Week	Pair Corr
0.49	FRFFF	Fairfax Financial	Pair Corr
0.48	BKRKY	Bank Rakyat Earnings Call Tomorrow	Pair Corr
0.46	SSNLF	Samsung Electronics	Pair Corr
0.36	482480AN0	KLAC 525 15	Pair Corr
0.35	LION	Lionsgate Studios Holding	Pair Corr
0.32	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.31	PBAJ	Petro Usa	Pair Corr
0.78	PRTS	CarPartsCom	Pair Corr
0.75	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.75	CGECF	Cogeco Inc	Pair Corr
0.72	NTZ	Natuzzi SpA	Pair Corr
0.67	CAMZF	Camino Minerals	Pair Corr
0.67	MTGRF	Mount Gibson Iron	Pair Corr
0.67	EMMA	Emmaus Life Sciences	Pair Corr
0.65	BNEFF	Bonterra Energy Corp	Pair Corr

Related Correlations Analysis

	SITS	NRCD	SHGI	ABVN	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF
SITS		0.43	0.41	0.46	0.7	0.28	0.73	-0.43	-0.43	-0.56	SITS
NRCD	0.43		0.35	0.05	0.68	0.59	0.82	-0.48	-0.3	-0.39	NRCD
SHGI	0.41	0.35		0.44	0.52	0.11	0.44	-0.23	-0.46	-0.48	SHGI
ABVN	0.46	0.05	0.44		0.46	0.21	0.29	-0.53	-0.23	-0.41	ABVN
QUAN	0.7	0.68	0.52	0.46		0.5	0.86	-0.49	-0.58	-0.65	QUAN
CSTXF	0.28	0.59	0.11	0.21	0.5		0.58	-0.54	0.0	-0.26	CSTXF
SOLCF	0.73	0.82	0.44	0.29	0.86	0.58		-0.61	-0.47	-0.61	SOLCF
SMEV	-0.43	-0.48	-0.23	-0.53	-0.49	-0.54	-0.61		0.14	0.22	SMEV
SSPLF	-0.43	-0.3	-0.46	-0.23	-0.58	0.0	-0.47	0.14		0.57	SSPLF
ORLCF	-0.56	-0.39	-0.48	-0.41	-0.65	-0.26	-0.61	0.22	0.57		ORLCF
	SITS	NRCD	SHGI	ABVN	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF

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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

SOLCF	+ 0.86	QUAN
SOLCF	+ 0.82	NRCD
SOLCF	+ 0.73	SITS
QUAN	+ 0.7	SITS
QUAN	+ 0.68	NRCD
CSTXF	+ 0.59	NRCD

High negative correlations

ORLCF	- 0.65	QUAN
ORLCF	- 0.61	SOLCF
SMEV	- 0.61	SOLCF
SSPLF	- 0.58	QUAN
ORLCF	- 0.56	SITS
SMEV	- 0.54	CSTXF

Risk-Adjusted Indicators

There is a big difference between SavMobi Pink Sheet performing well and SavMobi Technology 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 SavMobi Technology'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
SITS	5.69	(0.04)	0.00	0.01	7.04	(6.99)	15.47	(11.89)	36.16
NRCD	0.40	(0.20)	0.00	0.63	0.00	0.00	0.00	0.00	13.46
SHGI	9.86	1.22	0.03	0.40	13.39	(42.01)	30.00	(46.15)	131.87
ABVN	0.54	0.02	0.00	(0.01)	0.00	0.00	0.00	0.00	24.88
QUAN	7.28	(0.60)	0.00	(0.29)	0.00	0.00	15.92	(16.22)	40.44
CSTXF	9.73	0.41	0.01	(0.07)	13.13	(24.98)	37.50	(29.58)	113.57
SOLCF	9.18	(1.24)	0.00	(0.23)	0.00	0.00	23.50	(23.53)	66.07
SMEV	1.91	0.40	0.08	(0.76)	1.89	(8.27)	7.55	(4.29)	29.54
SSPLF	5.70	1.32	0.00	0.95	0.00	0.00	31.58	(5.87)	114.10
ORLCF	6.44	0.85	0.10	3.80	7.29	(7.94)	13.04	(13.23)	68.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in SavMobi Technology 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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