Token Communities Correlations

TKCM Stock

USD 0.01 0.01 50.00%

The current 90-days correlation between Token Communities and Rafael Holdings, is 0.01 (i.e., Significant 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

Good diversification

The correlation between Token Communities and DJI is -0.04 (i.e., Good 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

0.61	HD	Home Depot	Pair Corr
0.73	T	ATT Inc	Pair Corr

Moving against Token Pink Sheet

0.65	AAPL	Apple Inc	Pair Corr
0.65	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.59	PBCRY	Bank Central Asia	Pair Corr
0.55	PPERY	Bank Mandiri Persero	Pair Corr
0.5	AVGO	Broadcom Aggressive Push	Pair Corr
0.49	PBCRF	PT Bank Central	Pair Corr
0.42	BMYMP	Bristol Myers Squibb	Pair Corr
0.41	PPERF	Bank Mandiri Persero	Pair Corr
0.35	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.79	CAT	Caterpillar	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.67	IBM	International Business	Pair Corr
0.67	AXP	American Express	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.64	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.64	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.55	BAC	Bank of America	Pair Corr
0.54	MRK	Merck Company Aggressive Push	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	RFL	SCCG	SACH	SCCF	LOAN	SELF	FTHM	CLPR	SOHO	OPAD
RFL		-0.12	0.67	-0.09	0.55	-0.25	0.57	0.38	-0.46	0.56	RFL
SCCG	-0.12		0.24	0.79	-0.04	0.26	-0.24	-0.55	0.23	-0.16	SCCG
SACH	0.67	0.24		0.26	0.65	-0.23	0.45	0.21	-0.45	0.43	SACH
SCCF	-0.09	0.79	0.26		-0.15	0.51	-0.29	-0.67	0.25	-0.15	SCCF
LOAN	0.55	-0.04	0.65	-0.15		-0.51	0.84	0.66	-0.87	0.81	LOAN
SELF	-0.25	0.26	-0.23	0.51	-0.51		-0.39	-0.49	0.43	-0.23	SELF
FTHM	0.57	-0.24	0.45	-0.29	0.84	-0.39		0.77	-0.87	0.93	FTHM
CLPR	0.38	-0.55	0.21	-0.67	0.66	-0.49	0.77		-0.73	0.65	CLPR
SOHO	-0.46	0.23	-0.45	0.25	-0.87	0.43	-0.87	-0.73		-0.85	SOHO
OPAD	0.56	-0.16	0.43	-0.15	0.81	-0.23	0.93	0.65	-0.85		OPAD
	RFL	SCCG	SACH	SCCF	LOAN	SELF	FTHM	CLPR	SOHO	OPAD

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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

OPAD	+ 0.93	FTHM
FTHM	+ 0.84	LOAN
OPAD	+ 0.81	LOAN
SCCF	+ 0.79	SCCG
CLPR	+ 0.77	FTHM
SACH	+ 0.67	RFL

High negative correlations

SOHO	- 0.87	FTHM
SOHO	- 0.87	LOAN
OPAD	- 0.85	SOHO
SOHO	- 0.73	CLPR
CLPR	- 0.67	SCCF
CLPR	- 0.55	SCCG

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
RFL	2.07	(0.21)	0.00	1.06	0.00	0.00	5.30	(3.31)	31.43
SCCG	0.44	0.02	(0.05)	0.52	0.51	(0.53)	1.03	(0.99)	2.62
SACH	2.14	(0.02)	0.00	0.04	2.36	(2.79)	4.90	(3.85)	13.97
SCCF	0.40	0.02	(0.04)	0.28	0.64	(0.42)	0.96	(0.87)	4.35
LOAN	1.06	(0.11)	0.00	(0.20)	0.00	0.00	2.47	(2.68)	6.85
SELF	0.81	(0.02)	0.00	(2.86)	0.00	0.00	1.66	(1.77)	4.40
FTHM	4.43	(1.01)	0.00	(0.31)	0.00	0.00	8.75	(7.09)	32.95
CLPR	1.60	(0.32)	0.00	(0.25)	0.00	0.00	4.11	(2.90)	9.40
SOHO	4.85	1.86	0.74	0.57	1.20	(8.19)	5.75	(3.66)	142.94
OPAD	5.00	(1.96)	0.00	(0.40)	0.00	0.00	8.20	(12.79)	31.79

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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