Worry Free Correlations

TEAH Stock

USD 0.02 0.00 0.00%

The correlation of Worry Free 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.

Worry Free Correlation With Market

Poor diversification

The correlation between Worry Free Tea and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Worry Free Tea and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Worry Pink Sheet

0.63	ODFL	Old Dominion Freight	Pair Corr
0.62	TFII	TFI International	Pair Corr
0.68	SNDR	Schneider National	Pair Corr
0.8	ARCB	ArcBest Corp	Pair Corr
0.8	WERN	Werner Enterprises	Pair Corr
0.67	GOOG	Alphabet Class C	Pair Corr
0.88	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.79	CECO	CECO Environmental Corp	Pair Corr
0.76	CRDOF	Cerrado Gold	Pair Corr
0.62	REDLF	Red 5 Limited	Pair Corr
0.88	QNTQY	Qinetiq Group PLC	Pair Corr
0.91	MBDC	Massachusetts Business	Pair Corr
0.68	CPBLF	ALS Limited	Pair Corr
0.75	VNET	VNET Group DRC Trending	Pair Corr
0.64	MIRM	Mirum Pharmaceuticals	Pair Corr
0.66	OIS	Oil States International Earnings Call This Week	Pair Corr
0.77	RTYUSD	Micro E mini	Pair Corr
0.91	BDIMF	Black Diamond Group	Pair Corr
0.65	KNNNF	Kainos Group plc	Pair Corr

Moving against Worry Pink Sheet

0.67	MSFT	Microsoft	Pair Corr
0.64	AAPL	Apple Inc	Pair Corr
0.59	YATRY	Yamato Holdings	Pair Corr
0.49	87264ABD6	T MOBILE USA	Pair Corr
0.34	UFCS	United Fire Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VBVT	GLUX	VALV	NZIH	AMIN	COCM	IEXA	KGHI	OPUS	UMAV
VBVT		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.0	0.0	VBVT
GLUX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.0	0.0	GLUX
VALV	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.0	0.0	VALV
NZIH	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.0	0.0	NZIH
AMIN	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.0	0.0	AMIN
COCM	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.0	0.0	COCM
IEXA	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.0	0.0	IEXA
KGHI	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.0	0.0	KGHI
OPUS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-0.29	OPUS
UMAV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.29		UMAV
	VBVT	GLUX	VALV	NZIH	AMIN	COCM	IEXA	KGHI	OPUS	UMAV

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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

GLUX	+ 1.0	VBVT
VALV	+ 1.0	VBVT
NZIH	+ 1.0	VBVT
AMIN	+ 1.0	VBVT
COCM	+ 1.0	VBVT
IEXA	+ 1.0	VBVT

High negative correlations

UMAV	- 0.29	OPUS
UMAV	- 0.0	KGHI
OPUS	- 0.0	KGHI
UMAV	- 0.0	IEXA
OPUS	- 0.0	IEXA
UMAV	- 0.0	COCM

Risk-Adjusted Indicators

There is a big difference between Worry Pink Sheet performing well and Worry Free 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 Worry Free'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VBVT	0.00	0.00	0.00	0.00	0.00	0.00
GLUX	0.00	0.00	0.00	0.00	0.00	0.00
VALV	0.00	0.00	0.00	0.00	0.00	0.00
NZIH	0.00	0.00	0.00	0.00	0.00	0.00
AMIN	0.00	0.00	0.00	0.00	0.00	0.00
COCM	0.00	0.00	0.00	0.00	0.00	0.00
IEXA	0.00	0.00	0.00	0.00	0.00	0.00
KGHI	0.00	0.00	0.00	0.00	0.00	0.00
OPUS	15.05	5.75	0.48	1.97	0.00	559.00
UMAV	11.26	(2.54)	(0.50)	25.00	(25.00)	58.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Worry Free 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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