West High Correlations

WHYRF Stock

USD 0.20 0.02 11.11%

The current 90-days correlation between West High Yield and Ascendant Resources is 0.02 (i.e., Significant diversification). The correlation of West High 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.

West High Correlation With Market

Significant diversification

The correlation between West High Yield and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding West High Yield and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with West Pink Sheet

0.64	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.61	MFG	Mizuho Financial	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.63	BAC	Bank of America Aggressive Push	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against West Pink Sheet

0.61	GOEVW	Canoo Holdings	Pair Corr
0.36	CHKEW	Chesapeake Energy Symbol Change	Pair Corr
0.36	SHG	Shinhan Financial	Pair Corr
0.33	CHKEZ	Chesapeake Energy Symbol Change	Pair Corr
0.32	CHKEL	Chesapeake Energy Symbol Change	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.53	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	ASDRF	CTXDF	AXREF	SAGGF	AAGFF	CBRSF	AUMTF	BRYGF	EDDYF
ASDRF		-0.17	-0.01	-0.2	0.23	0.53	0.36	-0.1	0.31	ASDRF
CTXDF	-0.17		-0.22	0.46	0.13	-0.57	0.14	-0.02	-0.02	CTXDF
AXREF	-0.01	-0.22		-0.7	0.46	0.28	0.07	-0.2	-0.29	AXREF
SAGGF	-0.2	0.46	-0.7		-0.39	-0.44	-0.05	0.2	0.04	SAGGF
AAGFF	0.23	0.13	0.46	-0.39		0.45	0.55	-0.51	0.05	AAGFF
CBRSF	0.53	-0.57	0.28	-0.44	0.45		0.54	-0.26	0.21	CBRSF
AUMTF	0.36	0.14	0.07	-0.05	0.55	0.54		-0.12	0.12	AUMTF
BRYGF	-0.1	-0.02	-0.2	0.2	-0.51	-0.26	-0.12		-0.37	BRYGF
EDDYF	0.31	-0.02	-0.29	0.04	0.05	0.21	0.12	-0.37		EDDYF
	ASDRF	CTXDF	AXREF	SAGGF	AAGFF	CBRSF	AUMTF	BRYGF	EDDYF

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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

AUMTF	+ 0.55	AAGFF
AUMTF	+ 0.54	CBRSF
CBRSF	+ 0.53	ASDRF
SAGGF	+ 0.46	CTXDF
AAGFF	+ 0.46	AXREF
CBRSF	+ 0.45	AAGFF

High negative correlations

SAGGF	- 0.7	AXREF
CBRSF	- 0.57	CTXDF
BRYGF	- 0.51	AAGFF
CBRSF	- 0.44	SAGGF
AAGFF	- 0.39	SAGGF
EDDYF	- 0.37	BRYGF

Risk-Adjusted Indicators

There is a big difference between West Pink Sheet performing well and West High 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 West High'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
ASDRF	6.77	0.90	0.03	1.75	9.05	(28.91)	33.33	(25.00)	83.33
CTXDF	2.04	(0.44)	0.00	(0.86)	0.00	0.00	3.18	(4.56)	44.15
AXREF	4.08	0.73	0.06	(2.01)	4.35	(9.68)	10.00	(7.69)	32.47
SAGGF	6.25	(0.33)	0.00	0.38	0.00	0.00	13.25	(16.06)	56.45
AAGFF	4.89	0.29	0.06	0.29	4.85	(6.70)	10.26	(8.33)	26.99
CBRSF	5.03	2.52	0.00	(0.53)	0.00	0.00	0.00	0.00	183.33
AUMTF	0.60	0.05	0.00	(0.34)	0.00	0.00	0.00	0.00	36.67
BRYGF	1.66	(0.08)	0.00	(0.06)	0.00	0.00	0.00	0.00	42.00
EDDYF	5.19	0.05	0.00	0.16	8.19	(24.66)	31.94	(20.14)	87.64

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Our tools can tell you how much better you can do entering a position in West High 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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