Token Communities Correlations

TKCM Stock

USD 0 0.01 60.00%

The current 90-days correlation between Token Communities and Empire Bancshares is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Token Communities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Token Communities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Token Communities Correlation With Market

Excellent diversification

The correlation between Token Communities and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Token Communities and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Token Pink Sheet

0.69

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Microsoft Earnings Call This Week

Pair Corr

Moving against Token Pink Sheet

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0.69	GOOG	Alphabet Class C	Pair Corr
0.69	TSM	Taiwan Semiconductor	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.64	INTC	Intel Earnings Call This Week	Pair Corr
0.62	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.62	BA	Boeing Earnings Call This Week	Pair Corr
0.59	BMYMP	Bristol Myers Squibb	Pair Corr
0.55	DD	Dupont De Nemours	Pair Corr
0.54	KMFG	KMFG	Pair Corr
0.51	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.45	PPHI	Positive Physicians	Pair Corr

Related Correlations Analysis

	BCNWF	MATEF	CAIB	HYHDF	STLY	CCYY	CBFC	EVTK	EBSH
BCNWF		-0.62	-0.11	-0.26	0.16	0.56	-0.08	-0.3	-0.18	BCNWF
MATEF	-0.62		0.08	0.53	-0.41	-0.63	0.08	0.54	0.32	MATEF
CAIB	-0.11	0.08		-0.34	0.24	0.25	0.71	-0.29	-0.14	CAIB
HYHDF	-0.26	0.53	-0.34		-0.81	-0.82	-0.52	0.74	0.27	HYHDF
STLY	0.16	-0.41	0.24	-0.81		0.61	0.44	-0.66	-0.33	STLY
CCYY	0.56	-0.63	0.25	-0.82	0.61		0.4	-0.54	-0.11	CCYY
CBFC	-0.08	0.08	0.71	-0.52	0.44	0.4		-0.45	-0.24	CBFC
EVTK	-0.3	0.54	-0.29	0.74	-0.66	-0.54	-0.45		0.63	EVTK
EBSH	-0.18	0.32	-0.14	0.27	-0.33	-0.11	-0.24	0.63		EBSH
	BCNWF	MATEF	CAIB	HYHDF	STLY	CCYY	CBFC	EVTK	EBSH

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

EVTK	+ 0.74	HYHDF
CBFC	+ 0.71	CAIB
EBSH	+ 0.63	EVTK
CCYY	+ 0.61	STLY
CCYY	+ 0.56	BCNWF
EVTK	+ 0.54	MATEF

High negative correlations

CCYY	- 0.82	HYHDF
STLY	- 0.81	HYHDF
EVTK	- 0.66	STLY
CCYY	- 0.63	MATEF
MATEF	- 0.62	BCNWF
EVTK	- 0.54	CCYY

Risk-Adjusted Indicators

There is a big difference between Token Pink Sheet performing well and Token Communities 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 Token Communities' 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
BCNWF	8.45	0.77	0.07	0.46	9.11	(10.39)	21.44	(17.84)	68.52
MATEF	5.60	0.29	0.05	0.22	5.27	(11.29)	17.35	(9.70)	50.93
CAIB	1.50	0.39	0.00	1.13	0.00	0.00	0.00	0.00	72.22
HYHDF	2.46	(0.40)	0.00	(1.29)	0.00	0.00	7.44	(7.02)	44.25
STLY	0.95	0.22	0.00	(0.30)	0.00	0.00	1.32	(0.40)	27.68
CCYY	1.18	0.40	0.11	(1.78)	0.81	(3.14)	3.13	(2.10)	21.33
CBFC	1.17	0.59	0.00	(2.07)	0.00	0.00	0.00	0.00	38.45
EVTK	0.90	(0.15)	0.00	0.17	0.00	0.00	0.00	0.00	30.00
EBSH	0.04	(0.01)	0.00	0.53	0.00	0.00	0.00	0.00	1.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Token Communities 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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