West Island Correlations
| WIBFF Stock | USD 0 0.00 0.00% |
The correlation of West Island 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.
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The ability to find closely correlated positions to West Island 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 Island 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 Island - 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 Island Brands to buy it.
Moving together with West Pink Sheet
Moving against West Pink Sheet
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in West Island 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?
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West Island Corporate Management
| MBA HBA | Chairman CEO | Profile | |
| Meissam Panah | COO Director | Profile | |
| BA MA | CFO Director | Profile | |
| Donald Shaxon | VP Devel | Profile |