Aristocrat Group Correlations

ASCC Stock

USD 0.07 0.05 176.05%

The current 90-days correlation between Aristocrat Group Corp and Becle SA de is -0.15 (i.e., Good diversification). The correlation of Aristocrat 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.

Aristocrat Group Correlation With Market

Significant diversification

The correlation between Aristocrat Group Corp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristocrat Group Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aristocrat 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 Aristocrat 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 Aristocrat 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 Aristocrat Group Corp to buy it.

Moving together with Aristocrat Pink Sheet

0.63	PG	Procter Gamble	Pair Corr
0.8	KO	Coca Cola	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.77	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Moving against Aristocrat Pink Sheet

0.81	AA	Alcoa Corp	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.66	AXP	American Express	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.57	BA	Boeing	Pair Corr
0.57	HD	Home Depot	Pair Corr
0.49	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	BCCLF	NWINF	WVVIP	VINE	TNYBF	ASCC	ICNB	MJWNY	PDRDF	CWGL
BCCLF		-0.27	0.3	-0.09	0.27	-0.49	0.0	0.23	0.4	0.83	BCCLF
NWINF	-0.27		-0.54	-0.61	-0.51	0.79	0.0	0.62	-0.27	-0.43	NWINF
WVVIP	0.3	-0.54		0.46	0.38	-0.58	0.0	-0.23	0.17	0.39	WVVIP
VINE	-0.09	-0.61	0.46		0.17	-0.59	0.0	-0.65	0.46	0.25	VINE
TNYBF	0.27	-0.51	0.38	0.17		-0.52	0.0	-0.21	0.12	0.31	TNYBF
ASCC	-0.49	0.79	-0.58	-0.59	-0.52		0.0	0.48	-0.31	-0.6	ASCC
ICNB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ICNB
MJWNY	0.23	0.62	-0.23	-0.65	-0.21	0.48	0.0		-0.16	-0.04	MJWNY
PDRDF	0.4	-0.27	0.17	0.46	0.12	-0.31	0.0	-0.16		0.59	PDRDF
CWGL	0.83	-0.43	0.39	0.25	0.31	-0.6	0.0	-0.04	0.59		CWGL
	BCCLF	NWINF	WVVIP	VINE	TNYBF	ASCC	ICNB	MJWNY	PDRDF	CWGL

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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

CWGL	+ 0.83	BCCLF
ASCC	+ 0.79	NWINF
MJWNY	+ 0.62	NWINF
CWGL	+ 0.59	PDRDF
MJWNY	+ 0.48	ASCC
VINE	+ 0.46	WVVIP

High negative correlations

MJWNY	- 0.65	VINE
VINE	- 0.61	NWINF
CWGL	- 0.6	ASCC
ASCC	- 0.59	VINE
ASCC	- 0.58	WVVIP
WVVIP	- 0.54	NWINF

Risk-Adjusted Indicators

There is a big difference between Aristocrat Pink Sheet performing well and Aristocrat 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 Aristocrat 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
BCCLF	3.34	(0.48)	0.00	(3.67)	0.00	0.00	9.76	(7.63)	24.69
NWINF	5.29	0.28	0.03	1.12	6.09	(9.00)	14.55	(12.66)	34.88
WVVIP	1.57	(0.08)	0.00	1.11	0.00	0.00	3.82	(3.83)	10.52
VINE	5.64	0.08	0.01	0.04	6.37	(6.69)	12.33	(11.11)	33.51
TNYBF	9.72	0.81	0.05	0.29	10.04	(15.94)	23.08	(18.10)	120.98
ASCC	22.84	8.57	0.23	5.05	13.55	(90.88)	151.43	(40.34)	219.90
ICNB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MJWNY	1.20	(0.03)	0.00	0.11	0.00	0.00	0.00	0.00	52.32
PDRDF	2.22	(0.18)	0.00	(2.56)	0.00	0.00	4.49	(5.17)	15.42
CWGL	0.91	(0.14)	0.00	2.18	0.00	0.00	1.79	(2.12)	5.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aristocrat Group 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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