Archer Materials Correlations

ARRXF Stock

USD 0.25 0.03 10.71%

The current 90-days correlation between Archer Materials and Guerrilla RF is 0.17 (i.e., Average diversification). The correlation of Archer Materials 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.

Archer Materials Correlation With Market

Significant diversification

The correlation between Archer Materials Limited 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 Archer Materials Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Archer Pink Sheet

0.64

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Pair Corr

Moving against Archer Pink Sheet

0.68	ADI	Analog Devices	Pair Corr
0.63	PKX	POSCO Holdings	Pair Corr
0.63	HYMTF	Hyundai Motor	Pair Corr
0.55	AMD	Advanced Micro Devices	Pair Corr
0.54	QCOM	Qualcomm Incorporated	Pair Corr
0.36	ARM	Arm Holdings plc	Pair Corr
0.57	SKM	SK Telecom	Pair Corr

Related Correlations Analysis

	ARRXF	AWEVF	AIP	ODII	ROHCY	AMSSY	ICG	GUER	NVEC
ARRXF		-0.11	0.55	0.49	-0.56	-0.53	-0.17	-0.45	0.03	ARRXF
AWEVF	-0.11		0.27	-0.01	-0.42	-0.33	0.19	-0.37	-0.12	AWEVF
AIP	0.55	0.27		0.72	-0.78	-0.63	0.1	-0.67	0.27	AIP
ODII	0.49	-0.01	0.72		-0.7	-0.58	0.08	-0.6	-0.06	ODII
ROHCY	-0.56	-0.42	-0.78	-0.7		0.89	-0.06	0.77	0.02	ROHCY
AMSSY	-0.53	-0.33	-0.63	-0.58	0.89		0.07	0.73	-0.04	AMSSY
ICG	-0.17	0.19	0.1	0.08	-0.06	0.07		0.31	0.07	ICG
GUER	-0.45	-0.37	-0.67	-0.6	0.77	0.73	0.31		0.03	GUER
NVEC	0.03	-0.12	0.27	-0.06	0.02	-0.04	0.07	0.03		NVEC
	ARRXF	AWEVF	AIP	ODII	ROHCY	AMSSY	ICG	GUER	NVEC

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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

AMSSY	+ 0.89	ROHCY
GUER	+ 0.77	ROHCY
GUER	+ 0.73	AMSSY
ODII	+ 0.72	AIP
AIP	+ 0.55	ARRXF
ODII	+ 0.49	ARRXF

High negative correlations

ROHCY	- 0.78	AIP
ROHCY	- 0.7	ODII
GUER	- 0.67	AIP
AMSSY	- 0.63	AIP
GUER	- 0.6	ODII
AMSSY	- 0.58	ODII

Risk-Adjusted Indicators

There is a big difference between Archer Pink Sheet performing well and Archer Materials 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 Archer Materials' 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
ARRXF	6.21	1.41	0.10	15.30	6.36	(12.81)	22.22	(16.67)	44.13
AWEVF	4.43	(0.42)	0.00	4.48	0.00	0.00	10.39	(10.00)	37.22
AIP	2.63	0.34	0.14	0.14	2.59	(3.21)	5.76	(4.18)	25.32
ODII	4.77	2.54	0.00	1.37	0.00	0.00	16.67	(0.62)	29.00
ROHCY	1.72	(0.28)	0.00	(0.85)	0.00	0.00	2.98	(3.16)	12.24
AMSSY	6.45	(0.14)	0.00	0.15	0.00	0.00	16.59	(16.98)	60.41
ICG	5.39	0.85	0.11	0.33	7.47	(7.67)	15.09	(5.89)	61.05
GUER	5.79	(0.63)	0.00	0.44	0.00	0.00	14.29	(13.33)	54.44
NVEC	1.49	(0.03)	(0.01)	0.00	1.97	(1.50)	2.82	(3.60)	16.16

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Our tools can tell you how much better you can do entering a position in Archer Materials 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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