Three Sixty Correlations

VSOLF Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between Three Sixty Solar and Solar Integrated Roofing is -0.07 (i.e., Good diversification). The correlation of Three Sixty 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.

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

Moving together with Three Pink Sheet

0.8	XISHY	Xinyi Solar Holdings	Pair Corr
0.65	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr

Moving against Three Pink Sheet

0.86	MFG	Mizuho Financial	Pair Corr
0.85	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.84	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.79	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.73	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.71	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.53	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.34	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.88	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.75	V	Visa Class A	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.69	IBM	International Business Tech Boost	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.63	GILT	Gilat Satellite Networks	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.52	T	ATT Inc Earnings Call This Week	Pair Corr
0.38	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	SMTGY	XNYIF	SMTGF	GCPEF	VVPR	ASTI	ISUN	CSIQ	TSPG
SMTGY		0.34	0.62	0.07	-0.25	0.34	-0.02	0.57	0.17	SMTGY
XNYIF	0.34		0.01	0.45	-0.23	0.32	0.49	0.56	-0.2	XNYIF
SMTGF	0.62	0.01		-0.05	-0.16	0.4	-0.35	0.33	0.29	SMTGF
GCPEF	0.07	0.45	-0.05		-0.43	0.19	0.67	0.43	-0.36	GCPEF
VVPR	-0.25	-0.23	-0.16	-0.43		-0.09	-0.53	-0.3	-0.19	VVPR
ASTI	0.34	0.32	0.4	0.19	-0.09		-0.01	0.52	-0.19	ASTI
ISUN	-0.02	0.49	-0.35	0.67	-0.53	-0.01		0.48	-0.43	ISUN
CSIQ	0.57	0.56	0.33	0.43	-0.3	0.52	0.48		-0.32	CSIQ
TSPG	0.17	-0.2	0.29	-0.36	-0.19	-0.19	-0.43	-0.32		TSPG
	SMTGY	XNYIF	SMTGF	GCPEF	VVPR	ASTI	ISUN	CSIQ	TSPG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ISUN	+ 0.67	GCPEF
SMTGF	+ 0.62	SMTGY
CSIQ	+ 0.57	SMTGY
CSIQ	+ 0.56	XNYIF
CSIQ	+ 0.52	ASTI
ISUN	+ 0.49	XNYIF

High negative correlations

ISUN	- 0.53	VVPR
TSPG	- 0.43	ISUN
VVPR	- 0.43	GCPEF
TSPG	- 0.36	GCPEF
ISUN	- 0.35	SMTGF
TSPG	- 0.32	CSIQ

Risk-Adjusted Indicators

There is a big difference between Three Pink Sheet performing well and Three Sixty 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 Three Sixty'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
SMTGY	2.94	(0.25)	0.00	0.40	0.00	0.00	8.00	(6.83)	26.09
XNYIF	1.69	(0.02)	0.00	0.12	0.00	0.00	9.30	(9.30)	26.45
SMTGF	1.38	0.05	0.00	(0.02)	0.00	0.00	5.19	(6.60)	27.55
GCPEF	3.53	0.18	0.00	(0.04)	7.26	(14.62)	7.69	(5.56)	73.57
VVPR	6.44	1.13	0.11	(1.38)	8.31	(7.92)	14.58	(10.30)	112.34
ASTI	5.00	(0.09)	0.00	0.16	0.00	0.00	9.96	(10.97)	52.84
ISUN	11.10	(2.99)	0.00	166.05	0.00	0.00	21.43	(31.26)	178.04
CSIQ	3.71	(0.29)	0.00	(1.42)	0.00	0.00	7.61	(7.84)	35.56
TSPG	11.71	2.29	0.13	3.89	11.12	(19.91)	28.57	(22.22)	74.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in Three Sixty 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.

Did you try this?

Run Transaction History Now

Transaction History

View history of all your transactions and understand their impact on performance

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC