AusCann Group Correlations
| ACNNFDelisted Stock | USD 0 0.0007 22.58% |
The correlation of AusCann Group 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.
AusCann Group Correlation With Market
Good diversification
The correlation between AusCann Group Holdings and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AusCann Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
AusCann |
The ability to find closely correlated positions to AusCann Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AusCann Group 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 AusCann Group - 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 AusCann Group Holdings to buy it.
Moving against AusCann Pink Sheet
| 0.49 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.43 | WMT | Walmart | PairCorr |
| 0.41 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.31 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AXRX | ||
| 0.0 | 0.0 | 0.07 | -0.1 | -0.1 | 0.3 | ANTCF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | APNHF | ||
| 0.0 | 0.07 | 0.0 | -0.25 | -0.21 | 0.48 | ATHJF | ||
| 0.0 | -0.1 | 0.0 | -0.25 | -0.15 | -0.12 | ABTI | ||
| 0.0 | -0.1 | 0.0 | -0.21 | -0.15 | 0.33 | BCBCF | ||
| 0.0 | 0.3 | 0.0 | 0.48 | -0.12 | 0.33 | CRRTF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AusCann Pink Sheet performing well and AusCann Group 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 AusCann Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AXRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ANTCF | 29.49 | 9.36 | 0.15 | 1.59 | 20.40 | 84.21 | 451.80 | |||
| APNHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATHJF | 9.72 | 3.71 | 0.00 | 0.54 | 0.00 | 0.00 | 330.62 | |||
| ABTI | 8.23 | 1.98 | 0.00 | 3.38 | 0.00 | 32.76 | 171.75 | |||
| BCBCF | 20.40 | 9.19 | 0.38 | 8.98 | 9.21 | 26.81 | 425.33 | |||
| CRRTF | 62.39 | 34.88 | 0.00 | (0.99) | 0.00 | 0.00 | 2,097 |
AusCann Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AusCann Group pink sheet to make a market-neutral strategy. Peer analysis of AusCann Group could also be used in its relative valuation, which is a method of valuing AusCann Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AusCann Group Corporate Management
| Layton Mills | Ex Officer | Profile | |
| BCom FCIS | Joint Sec | Profile | |
| Margaret Curtis | Head RD | Profile | |
| ACIS ACIS | CFO Director | Profile |
Still Interested in AusCann Group Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.