WonderFi Technologies Correlations

WONDF Stock

USD 0.23 0.01 4.55%

The current 90-days correlation between WonderFi Technologies and Mach7 Technologies Limited is -0.06 (i.e., Good diversification). The correlation of WonderFi Technologies 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.

WonderFi Technologies Correlation With Market

Very poor diversification

The correlation between WonderFi Technologies and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WonderFi Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WonderFi OTC Stock

0.66	SLSR	Solaris Resources	Pair Corr
0.68	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.88	GS	Goldman Sachs Group	Pair Corr
0.87	USPH	US Physicalrapy	Pair Corr
0.91	FRFFF	Fairfax Financial	Pair Corr
0.83	MEEEF	Metal Energy Corp	Pair Corr
0.65	LRDC	Laredo Oil	Pair Corr
0.64	TOGOF	TomaGold	Pair Corr
0.67	GAYMF	Galway Metals	Pair Corr

Moving against WonderFi OTC Stock

0.73	SNOW	Snowflake	Pair Corr
0.73	FSTF	First State Financial	Pair Corr
0.64	UBER	Uber Technologies	Pair Corr
0.64	NOW	ServiceNow	Pair Corr
0.43	INTU	Intuit Inc	Pair Corr
0.37	SAPGF	SAP SE	Pair Corr
0.36	SAP	SAP SE ADR	Pair Corr
0.35	ERHE	ERHC Energy	Pair Corr
0.52	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	TDMMF	FHGDF	BCRD	XTRAF	THNCF	ITMSF	TSPH	APPEF	SYZLF	ADPXY
TDMMF		-0.1	0.15	0.39	0.04	-0.15	-0.31	-0.28	0.33	-0.13	TDMMF
FHGDF	-0.1		0.35	0.39	-0.85	0.67	0.25	-0.55	0.49	0.22	FHGDF
BCRD	0.15	0.35		0.55	-0.31	0.64	0.28	-0.54	0.47	-0.24	BCRD
XTRAF	0.39	0.39	0.55		-0.42	0.26	-0.02	-0.74	0.82	-0.09	XTRAF
THNCF	0.04	-0.85	-0.31	-0.42		-0.62	-0.18	0.52	-0.47	-0.47	THNCF
ITMSF	-0.15	0.67	0.64	0.26	-0.62		0.67	-0.53	0.36	0.06	ITMSF
TSPH	-0.31	0.25	0.28	-0.02	-0.18	0.67		-0.2	-0.03	0.08	TSPH
APPEF	-0.28	-0.55	-0.54	-0.74	0.52	-0.53	-0.2		-0.92	-0.06	APPEF
SYZLF	0.33	0.49	0.47	0.82	-0.47	0.36	-0.03	-0.92		0.03	SYZLF
ADPXY	-0.13	0.22	-0.24	-0.09	-0.47	0.06	0.08	-0.06	0.03		ADPXY
	TDMMF	FHGDF	BCRD	XTRAF	THNCF	ITMSF	TSPH	APPEF	SYZLF	ADPXY

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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

SYZLF	+ 0.82	XTRAF
ITMSF	+ 0.67	FHGDF
TSPH	+ 0.67	ITMSF
ITMSF	+ 0.64	BCRD
XTRAF	+ 0.55	BCRD
APPEF	+ 0.52	THNCF

High negative correlations

SYZLF	- 0.92	APPEF
THNCF	- 0.85	FHGDF
APPEF	- 0.74	XTRAF
ITMSF	- 0.62	THNCF
APPEF	- 0.55	FHGDF
APPEF	- 0.54	BCRD

Risk-Adjusted Indicators

There is a big difference between WonderFi OTC Stock performing well and WonderFi Technologies OTC Stock 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 WonderFi Technologies' 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
TDMMF	2.07	(0.23)	0.00	(0.77)	0.00	0.00	0.00	0.00	81.84
FHGDF	2.01	0.25	0.00	(0.25)	0.00	0.00	12.50	0.00	55.56
BCRD	1.62	(0.47)	0.00	2.48	0.00	0.00	1.43	(6.89)	19.87
XTRAF	2.52	(0.42)	0.00	(0.47)	0.00	0.00	5.00	(5.00)	16.20
THNCF	1.21	(0.10)	0.00	0.40	0.00	0.00	2.29	(4.64)	18.52
ITMSF	2.99	(0.31)	0.00	(0.81)	0.00	0.00	5.43	(5.06)	19.47
TSPH	7.19	1.14	0.07	0.59	14.03	(8.93)	14.29	(9.52)	139.89
APPEF	4.42	1.95	0.00	(1.96)	0.00	0.00	5.88	(1.89)	145.10
SYZLF	1.94	(0.46)	0.00	(0.40)	0.00	0.00	3.11	(5.46)	20.36
ADPXY	1.97	0.74	0.00	1.35	0.00	0.00	1.50	0.00	58.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in WonderFi Technologies 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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WonderFi Technologies Corporate Management

Elected by the shareholders, the WonderFi Technologies' board of directors comprises two types of representatives: WonderFi Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WonderFi. The board's role is to monitor WonderFi Technologies' management team and ensure that shareholders' interests are well served. WonderFi Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, WonderFi Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Cong Ly	CoFounder CTO	Profile
Dean Skurka	Pres Director	Profile
John Rim	Chief Officer	Profile
Torstein Braaten	Chief Officer	Profile
Kartik Bajaj	coFounder	Profile
Binu Koshy	Communications Director	Profile
Adam Garetson	G Officer	Profile

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