Vodka Brands Correlations

VDKB Stock

USD 0.0005 0.00 0.00%

The correlation of Vodka Brands 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.

Vodka Brands Correlation With Market

Weak diversification

The correlation between Vodka Brands Corp and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vodka Brands Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Vodka Pink Sheet

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0.75	CTOWY	China TowerLimited	Pair Corr
0.73	DGWPF	Drgerwerk AG	Pair Corr
0.72	LCDX	Caliber Imaging Diag	Pair Corr
0.67	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.66	NAUFF	NevGold Corp	Pair Corr
0.55	BROS	Dutch Bros	Pair Corr
0.42	FHELF	First Helium	Pair Corr
0.41	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.41	LUMN	Lumen Technologies	Pair Corr
0.41	TMSNY	Temenos Group AG	Pair Corr
0.41	BNXAF	Banxa Holdings Tech Boost	Pair Corr
0.4	SYF	Synchrony Financial	Pair Corr
0.4	ARVN	Arvinas	Pair Corr
0.34	EL	Estee Lauder Companies	Pair Corr
0.32	GPHOF	Graphite One	Pair Corr
0.32	FTV	Fortive Corp	Pair Corr

Related Correlations Analysis

	CHNUF	WTER	EQLB	CHYI	MLHC	TGRR	CMFO	NUUU	DKTS	DNAX
CHNUF		0.0	0.0	0.0	1.0	1.0	0.0	1.0	0.0	0.0	CHNUF
WTER	0.0		0.5	0.24	0.0	0.0	0.03	0.0	0.0	-0.07	WTER
EQLB	0.0	0.5		0.17	0.0	0.0	0.09	0.0	0.0	0.13	EQLB
CHYI	0.0	0.24	0.17		0.0	0.0	0.62	0.0	0.0	0.05	CHYI
MLHC	1.0	0.0	0.0	0.0		1.0	0.0	1.0	0.0	0.0	MLHC
TGRR	1.0	0.0	0.0	0.0	1.0		0.0	1.0	0.0	0.0	TGRR
CMFO	0.0	0.03	0.09	0.62	0.0	0.0		0.0	0.0	0.02	CMFO
NUUU	1.0	0.0	0.0	0.0	1.0	1.0	0.0		0.0	0.0	NUUU
DKTS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DKTS
DNAX	0.0	-0.07	0.13	0.05	0.0	0.0	0.02	0.0	0.0		DNAX
	CHNUF	WTER	EQLB	CHYI	MLHC	TGRR	CMFO	NUUU	DKTS	DNAX

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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

MLHC	+ 1.0	CHNUF
TGRR	+ 1.0	CHNUF
NUUU	+ 1.0	CHNUF
TGRR	+ 1.0	MLHC
NUUU	+ 1.0	MLHC
NUUU	+ 1.0	TGRR

High negative correlations

DNAX	- 0.07	WTER
DNAX	- 0.0	DKTS
DNAX	- 0.0	NUUU
DKTS	- 0.0	NUUU
DKTS	- 0.0	CMFO
NUUU	- 0.0	CMFO

Risk-Adjusted Indicators

There is a big difference between Vodka Pink Sheet performing well and Vodka Brands 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 Vodka Brands' 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
CHNUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WTER	6.79	(0.07)	0.00	0.03	7.77	(14.07)	20.00	(14.29)	54.66
EQLB	14.33	3.11	0.06	1.01	15.93	(97.94)	50.00	(33.33)	260.42
CHYI	17.40	6.70	0.00	(1.98)	0.00	0.00	6.67	(6.25)	346.85
MLHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGRR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMFO	6.00	1.82	0.00	(2.97)	0.00	0.00	5.56	(2.63)	160.71
NUUU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DKTS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DNAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vodka Brands 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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