Worry Free Correlations

TEAH Stock

USD 0.0005 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

Modest diversification

The correlation between Worry Free Tea and DJI is 0.24 (i.e., Modest 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

0.73	ODFL	Old Dominion Freight	Pair Corr
0.67	TFII	TFI International	Pair Corr
0.64	SAIA	Saia Inc	Pair Corr
0.81	KNX	Knight Transportation	Pair Corr
0.81	SNDR	Schneider National	Pair Corr
0.61	WERN	Werner Enterprises	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.62	PTAIY	Astra International Tbk	Pair Corr
0.65	KEP	Korea Electric Power	Pair Corr
0.72	DGWR	Critic Clothing	Pair Corr
0.77	ATRO	Astronics	Pair Corr
0.72	DC	Dakota Gold Corp	Pair Corr
0.86	VWAGY	Volkswagen AG 110	Pair Corr
0.72	LMND	Lemonade	Pair Corr
0.77	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.65	TXMD	TherapeuticsMD	Pair Corr
0.61	CMTDF	Sumitomo Mitsui Trust	Pair Corr
0.65	VELO	Velo3D, Trending	Pair Corr
0.69	OODH	Orion Diversified Holding	Pair Corr

Moving against Worry Pink Sheet

0.88	YATRY	Yamato Holdings	Pair Corr
0.51	PTAIF	PT Astra International	Pair Corr
0.5	PIFMY	Indofood Sukses Makmur	Pair Corr
0.59	BASE	Couchbase	Pair Corr
0.35	GDC	GD Culture Group Trending	Pair Corr
0.33	GHST	GHST World	Pair Corr
0.33	VHAI	VHAI	Pair Corr

Related Correlations Analysis

	CVAT	NXTN	FBRKF	IAALF	TIMNF	MRCR	COLDF	OLNCF	BRRN
CVAT		-0.6	0.43	0.33	0.0	-0.67	0.0	0.11	-0.38	CVAT
NXTN	-0.6		-0.14	-0.51	0.0	0.58	0.0	0.11	0.45	NXTN
FBRKF	0.43	-0.14		-0.05	0.0	-0.25	0.0	0.24	0.04	FBRKF
IAALF	0.33	-0.51	-0.05		0.0	-0.36	0.0	-0.24	-0.85	IAALF
TIMNF	0.0	0.0	0.0	0.0		0.0	-1.0	0.0	0.0	TIMNF
MRCR	-0.67	0.58	-0.25	-0.36	0.0		0.0	0.32	0.31	MRCR
COLDF	0.0	0.0	0.0	0.0	-1.0	0.0		0.0	0.0	COLDF
OLNCF	0.11	0.11	0.24	-0.24	0.0	0.32	0.0		0.05	OLNCF
BRRN	-0.38	0.45	0.04	-0.85	0.0	0.31	0.0	0.05		BRRN
	CVAT	NXTN	FBRKF	IAALF	TIMNF	MRCR	COLDF	OLNCF	BRRN

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

MRCR	+ 0.58	NXTN
BRRN	+ 0.45	NXTN
FBRKF	+ 0.43	CVAT
IAALF	+ 0.33	CVAT
OLNCF	+ 0.32	MRCR
BRRN	+ 0.31	MRCR

High negative correlations

COLDF	- 1.0	TIMNF
BRRN	- 0.85	IAALF
MRCR	- 0.67	CVAT
NXTN	- 0.6	CVAT
IAALF	- 0.51	NXTN
BRRN	- 0.38	CVAT

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CVAT	5.04	(0.19)	0.00	(0.07)	0.00	0.00	16.67	(16.67)	57.50
NXTN	2.18	(0.10)	0.00	0.19	0.00	0.00	5.26	(10.00)	31.93
FBRKF	12.76	0.06	0.01	0.07	18.37	(20.41)	46.43	(34.88)	109.18
IAALF	6.43	2.14	0.21	8.52	4.76	(13.34)	20.00	(11.76)	47.62
TIMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRCR	1.51	(0.01)	0.00	0.14	0.00	0.00	4.84	(5.44)	15.52
COLDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OLNCF	2.40	(0.13)	0.00	(0.43)	0.00	0.00	6.35	(6.06)	17.44
BRRN	1.69	(0.36)	0.00	(1.46)	0.00	0.00	0.95	0.00	32.03

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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