TreeCon Resources Correlations

TCOR Stock

USD 0.76 0.01 1.30%

The current 90-days correlation between TreeCon Resources and Inflection Resources is -0.01 (i.e., Good diversification). The correlation of TreeCon 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. If the correlation is 0, the equities are not correlated; they are entirely random.

TreeCon Resources Correlation With Market

Significant diversification

The correlation between TreeCon Resources and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TreeCon Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TreeCon 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 TreeCon 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 TreeCon 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 TreeCon Resources to buy it.

Moving together with TreeCon Pink Sheet

0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.68	BAC	Bank of America Sell-off Trend	Pair Corr
0.76	RLMD	Relmada Therapeutics	Pair Corr
0.61	AKAM	Akamai Technologies	Pair Corr
0.61	CRRFY	Carrefour SA PK	Pair Corr
0.76	EGP	EastGroup Properties	Pair Corr
0.8	HL	Hecla Mining	Pair Corr
0.85	APGE	Apogee Therapeutics,	Pair Corr
0.75	IDN	Intellicheck Mobilisa	Pair Corr
0.68	NOEM	CO2 Energy Transition	Pair Corr
0.7	DDS	Dillards,	Pair Corr
0.74	KYOCF	Kyocera	Pair Corr

Moving against TreeCon Pink Sheet

0.52	26442TAG2	US26442TAG22	Pair Corr
0.44	RYSKF	Reysas Tasimacilik	Pair Corr
0.39	12532HAF1	GIBACN 23 14	Pair Corr

Related Correlations Analysis

	CFPUF	BCMRF	AUCUF	WGLIF	GWRRF	LMSQF	NGLD	SIREF	GLBKF	CHHYF
CFPUF		0.33	0.21	-0.51	-0.05	-0.14	-0.22	0.73	0.0	0.56	CFPUF
BCMRF	0.33		-0.04	-0.05	0.04	-0.21	-0.18	0.29	0.0	0.35	BCMRF
AUCUF	0.21	-0.04		-0.17	-0.57	0.06	-0.07	0.35	0.0	-0.25	AUCUF
WGLIF	-0.51	-0.05	-0.17		0.03	-0.13	-0.03	-0.49	0.0	-0.14	WGLIF
GWRRF	-0.05	0.04	-0.57	0.03		-0.53	-0.53	-0.02	0.0	0.54	GWRRF
LMSQF	-0.14	-0.21	0.06	-0.13	-0.53		0.8	-0.19	0.0	-0.51	LMSQF
NGLD	-0.22	-0.18	-0.07	-0.03	-0.53	0.8		-0.33	0.0	-0.5	NGLD
SIREF	0.73	0.29	0.35	-0.49	-0.02	-0.19	-0.33		0.0	0.41	SIREF
GLBKF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GLBKF
CHHYF	0.56	0.35	-0.25	-0.14	0.54	-0.51	-0.5	0.41	0.0		CHHYF
	CFPUF	BCMRF	AUCUF	WGLIF	GWRRF	LMSQF	NGLD	SIREF	GLBKF	CHHYF

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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

NGLD	+ 0.8	LMSQF
SIREF	+ 0.73	CFPUF
CHHYF	+ 0.56	CFPUF
CHHYF	+ 0.54	GWRRF
CHHYF	+ 0.41	SIREF
CHHYF	+ 0.35	BCMRF

High negative correlations

GWRRF	- 0.57	AUCUF
NGLD	- 0.53	GWRRF
LMSQF	- 0.53	GWRRF
CHHYF	- 0.51	LMSQF
WGLIF	- 0.51	CFPUF
CHHYF	- 0.5	NGLD

Risk-Adjusted Indicators

There is a big difference between TreeCon Pink Sheet performing well and TreeCon Resources 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 TreeCon 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
CFPUF	2.44	0.50	0.07	0.68	2.13	(16.67)	11.11	(5.26)	28.57
BCMRF	14.99	3.10	0.13	0.71	14.31	(27.73)	54.46	(31.25)	182.32
AUCUF	3.48	(0.15)	0.00	(0.11)	0.00	0.00	10.53	(6.25)	23.75
WGLIF	4.74	0.09	0.00	5.90	5.98	(6.36)	10.44	(10.73)	32.25
GWRRF	30.56	11.67	0.00	0.42	0.00	0.00	0.00	0.00	1,114
LMSQF	5.19	0.44	0.03	(0.41)	6.00	(8.94)	12.50	(11.76)	39.87
NGLD	4.23	0.03	0.01	0.09	4.97	(4.97)	11.86	(10.13)	28.51
SIREF	5.80	1.98	0.34	1.05	4.17	(7.97)	14.71	(7.41)	72.80
GLBKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHHYF	9.21	2.41	0.26	6.13	7.12	(13.53)	32.52	(14.08)	68.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in TreeCon 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.

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