GREEN MINERALS Correlations

5IP Stock

EUR 0.28 0.01 3.70%

The current 90-days correlation between GREEN MINERALS NK and The Boston Beer is -0.05 (i.e., Good diversification). The correlation of GREEN MINERALS 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.

GREEN MINERALS Correlation With Market

Good diversification

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

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

Moving together with GREEN Stock

0.88	LIS	Liontown Resources	Pair Corr
0.68	5LA1	American Lithium Corp Earnings Call This Week	Pair Corr
0.76	BUU	DevEx Resources	Pair Corr
0.84	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against GREEN Stock

0.82	DBPE	Xtrackers LevDAX	Pair Corr
0.74	E908	Lyxor 1	Pair Corr
0.67	NE0	NEXA RESOURCES SA	Pair Corr
0.54	W2F	STRAITS TRADG SD	Pair Corr
0.38	NGLB	Anglo American plc	Pair Corr

Related Correlations Analysis

	BBEA	LWF	D4V	T6W	BBEA	NY70	T6W
BBEA		-0.54	0.63	0.31	0.99	0.85	0.39	BBEA
LWF	-0.54		-0.36	-0.05	-0.55	-0.61	-0.07	LWF
D4V	0.63	-0.36		0.62	0.64	0.79	0.66	D4V
T6W	0.31	-0.05	0.62		0.31	0.45	0.74	T6W
BBEA	0.99	-0.55	0.64	0.31		0.85	0.4	BBEA
NY70	0.85	-0.61	0.79	0.45	0.85		0.5	NY70
T6W	0.39	-0.07	0.66	0.74	0.4	0.5		T6W
	BBEA	LWF	D4V	T6W	BBEA	NY70	T6W

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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

BBEA	+ 0.99	BBEA
NY70	+ 0.85	BBEA
NY70	+ 0.85	BBEA
NY70	+ 0.79	D4V
T6W	+ 0.74	T6W
T6W	+ 0.66	D4V

High negative correlations

NY70	- 0.61	LWF
BBEA	- 0.55	LWF
LWF	- 0.54	BBEA
D4V	- 0.36	LWF
T6W	- 0.07	LWF
T6W	- 0.05	LWF

Risk-Adjusted Indicators

There is a big difference between GREEN Stock performing well and GREEN MINERALS 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 GREEN MINERALS'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
BBEA	1.31	0.16	0.08	(0.47)	1.46	(1.39)	2.47	(2.85)	7.03
LWF	2.04	0.08	0.02	0.20	2.89	(2.59)	5.26	(5.04)	21.93
D4V	1.87	0.76	0.32	8.71	1.61	(2.34)	4.14	(2.88)	22.02
T6W	2.20	0.19	0.04	1.36	2.42	(3.36)	5.26	(5.26)	11.12
BBEA	1.38	0.15	0.08	(1.26)	1.43	(1.58)	2.90	(2.56)	7.13
NY70	0.98	0.11	0.03	(0.53)	1.30	(1.91)	3.60	(3.31)	10.52
T6W	1.87	0.11	0.03	(0.20)	2.05	(3.21)	2.94	(2.86)	14.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in GREEN MINERALS 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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