Yellow Cake Correlations

YLLXF Stock

USD 5.72 0.18 3.05%

The current 90-days correlation between Yellow Cake plc and Energy Fuels is 0.11 (i.e., Average diversification). The correlation of Yellow Cake 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.

Yellow Cake Correlation With Market

Significant diversification

The correlation between Yellow Cake plc and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yellow Cake plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Yellow OTC Stock

0.63

CGNMF

CGN Mining

Pair Corr

Moving against Yellow OTC Stock

0.34	LEU	Centrus Energy	Pair Corr
0.5	FOXA	Fox Corp Class	Pair Corr
0.48	NTNX	Nutanix Tech Boost	Pair Corr
0.48	FINMF	Leonardo Spa Trending	Pair Corr
0.48	ZNZNF	Zinzino AB	Pair Corr
0.4	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.38	GJNSY	Gjensidige Forsikring Asa	Pair Corr
0.37	458140CJ7	INTC 57 10	Pair Corr
0.35	FCO	Aberdeen Global IF	Pair Corr
0.63	GGRGF	Groupe Gorg SA Trending	Pair Corr
0.59	ABBV	AbbVie Inc	Pair Corr
0.54	RNMBF	Rheinmetall AG Trending	Pair Corr
0.54	ESE	ESCO Technologies	Pair Corr

Related Correlations Analysis

	ELVUF	SRUUF	UUUU	KVLQF	BKUCF	PTUUF	BNNLF	BSENF	AUEEF	GVXXF
ELVUF		0.7	0.62	0.31	0.12	0.4	0.75	0.59	0.19	0.65	ELVUF
SRUUF	0.7		0.89	0.64	-0.23	0.63	0.52	0.71	0.02	0.76	SRUUF
UUUU	0.62	0.89		0.59	-0.47	0.51	0.39	0.65	0.0	0.74	UUUU
KVLQF	0.31	0.64	0.59		-0.22	0.47	0.23	0.34	-0.23	0.45	KVLQF
BKUCF	0.12	-0.23	-0.47	-0.22		-0.26	0.42	-0.12	0.23	-0.15	BKUCF
PTUUF	0.4	0.63	0.51	0.47	-0.26		0.22	0.57	0.05	0.51	PTUUF
BNNLF	0.75	0.52	0.39	0.23	0.42	0.22		0.58	0.19	0.42	BNNLF
BSENF	0.59	0.71	0.65	0.34	-0.12	0.57	0.58		0.15	0.43	BSENF
AUEEF	0.19	0.02	0.0	-0.23	0.23	0.05	0.19	0.15		0.08	AUEEF
GVXXF	0.65	0.76	0.74	0.45	-0.15	0.51	0.42	0.43	0.08		GVXXF
	ELVUF	SRUUF	UUUU	KVLQF	BKUCF	PTUUF	BNNLF	BSENF	AUEEF	GVXXF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

UUUU	+ 0.89	SRUUF
GVXXF	+ 0.76	SRUUF
BNNLF	+ 0.75	ELVUF
GVXXF	+ 0.74	UUUU
BSENF	+ 0.71	SRUUF
SRUUF	+ 0.7	ELVUF

High negative correlations

BKUCF	- 0.47	UUUU
PTUUF	- 0.26	BKUCF
AUEEF	- 0.23	KVLQF
BKUCF	- 0.23	SRUUF
BKUCF	- 0.22	KVLQF
GVXXF	- 0.15	BKUCF

Risk-Adjusted Indicators

There is a big difference between Yellow OTC Stock performing well and Yellow Cake 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 Yellow Cake'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
ELVUF	6.93	(0.24)	0.00	(0.58)	0.00	0.00	20.00	(16.67)	51.67
SRUUF	1.72	(0.43)	0.00	3.15	0.00	0.00	3.59	(3.94)	14.02
UUUU	2.72	(0.63)	0.00	(0.58)	0.00	0.00	6.32	(6.52)	20.18
KVLQF	4.69	0.02	0.00	(0.05)	0.00	0.00	9.18	(9.71)	31.43
BKUCF	6.93	0.89	0.09	1.55	7.63	(8.69)	19.09	(16.46)	41.91
PTUUF	3.64	(0.09)	0.00	(0.33)	0.00	0.00	11.76	(10.53)	30.51
BNNLF	3.09	(0.27)	0.00	(1.49)	0.00	0.00	6.67	(5.61)	19.48
BSENF	3.49	(0.30)	0.00	1.04	0.00	0.00	9.09	(6.67)	22.88
AUEEF	4.22	0.33	0.02	0.47	6.76	(23.52)	20.00	(16.67)	65.92
GVXXF	5.33	(0.04)	0.00	(0.08)	0.00	0.00	12.50	(11.11)	62.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Yellow Cake 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 Companies Directory Now

Companies Directory

Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

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