Santacruz Silv Correlations
| SZSMF Stock | USD 0.32 0.01 3.23% |
The correlation of Santacruz Silv 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.
Santacruz Silv Correlation With Market
Good diversification
The correlation between Santacruz Silv and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Santacruz Silv and DJI in the same portfolio, assuming nothing else is changed.
Santacruz |
The ability to find closely correlated positions to Santacruz Silv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Santacruz Silv 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 Santacruz Silv - 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 Santacruz Silv to buy it.
Moving together with Santacruz Pink Sheet
| 0.65 | MUFG | Mitsubishi UFJ Financial Sell-off Trend | PairCorr |
| 0.64 | MFG | Mizuho Financial | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
| 0.71 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.66 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against Santacruz Pink Sheet
| 0.49 | GOEVW | Canoo Holdings | PairCorr |
| 0.4 | SHG | Shinhan Financial | PairCorr |
| 0.38 | CHKEW | Chesapeake Energy Symbol Change | PairCorr |
| 0.33 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.64 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.63 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.58 | MRK | Merck Company Fiscal Year End 6th of February 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
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Risk-Adjusted Indicators
There is a big difference between Santacruz Pink Sheet performing well and Santacruz Silv 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 Santacruz Silv'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AYASF | 3.15 | (0.29) | 0.00 | (0.49) | 0.00 | 5.86 | 32.32 | |||
| BADEF | 3.78 | (0.45) | 0.00 | (1.86) | 0.00 | 7.89 | 26.61 | |||
| AZASF | 3.42 | 0.49 | 0.08 | 1.21 | 3.25 | 8.33 | 21.97 | |||
| ANPMF | 4.88 | 0.13 | 0.02 | 0.22 | 5.97 | 9.30 | 29.84 | |||
| GSVRF | 4.23 | (0.30) | 0.00 | (0.43) | 0.00 | 9.52 | 25.10 | |||
| DOLLF | 2.36 | (0.02) | (0.04) | 0.06 | 2.61 | 4.94 | 13.70 | |||
| APGOF | 5.03 | 0.23 | 0.00 | (0.21) | 5.39 | 15.00 | 38.01 | |||
| DSVSF | 4.55 | 0.65 | 0.10 | 20.29 | 4.09 | 8.77 | 34.35 | |||
| RSNVF | 4.37 | 0.23 | (0.01) | (0.03) | 4.92 | 9.09 | 29.09 | |||
| HAMRF | 12.20 | 0.65 | 0.04 | 0.46 | 15.83 | 31.58 | 148.02 |
Santacruz Silv 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 Santacruz Silv pink sheet to make a market-neutral strategy. Peer analysis of Santacruz Silv could also be used in its relative valuation, which is a method of valuing Santacruz Silv by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Santacruz Silv Corporate Management
| Randy Henkle | Independent Consultant | Profile | |
| Wayne Corso | Chief Officer | Profile | |
| Arturo CPA | Interim Chairman | Profile | |
| Robert Byrd | Consultant | Profile | |
| Harald Hoegberg | Independent Consultant | Profile |