Café Serendipity Correlations

CAFS Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between Caf Serendipity Holdings and China Jo Jo Drugstores is 0.01 (i.e., Significant diversification). The correlation of Café Serendipity 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Café Serendipity Correlation With Market

Significant diversification

The correlation between Caf Serendipity Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caf Serendipity Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Café Pink Sheet

0.78	RADLY	Raia Drogasil SA	Pair Corr
0.82	BBGI	Beasley Broadcast	Pair Corr
0.81	BKRKY	Bank Rakyat	Pair Corr
0.73	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Café Pink Sheet

0.68	ALBHF	Alibaba Health Infor	Pair Corr
0.66	FINV	FinVolution Group Normal Trading	Pair Corr
0.62	ALBBY	Alibaba Health Infor	Pair Corr
0.56	TKOMF	Tokio Marine Holdings	Pair Corr
0.55	CWCO	Consolidated Water Earnings Call Today	Pair Corr
0.5	RGC	Regencell Bioscience Trending	Pair Corr
0.48	WVVI	Willamette Valley Potential Growth	Pair Corr
0.38	SPNT	Siriuspoint Normal Trading	Pair Corr
0.36	DTSQR	DT Cloud Star	Pair Corr
0.97	SUNFF	Sun Life Financial	Pair Corr
0.94	ISMAY	Indra Sistemas SA	Pair Corr
0.82	DNSKF	Danske Bank AS Normal Trading	Pair Corr
0.81	INGVF	ING Groep NV	Pair Corr
0.77	O	Realty Income	Pair Corr
0.7	RYN	Rayonier	Pair Corr
0.64	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.61	PETZ	TDH Holdings	Pair Corr
0.59	GLU	Gabelli Global Utility	Pair Corr
0.58	WM	Waste Management	Pair Corr
0.53	GTN	Gray Television	Pair Corr
0.52	AIMDW	Ainos Inc	Pair Corr
0.51	ANPMF	Andean Precious Metals	Pair Corr
0.5	SKFOF	Sika AG	Pair Corr
0.46	ML	MoneyLion	Pair Corr

Related Correlations Analysis

	CJJD	MEDS	MDVL	SSY	LFLY	BIMI	PETS	RAD
CJJD		0.0	0.0	-0.43	0.0	0.0	0.8	0.0	CJJD
MEDS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MEDS
MDVL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MDVL
SSY	-0.43	0.0	0.0		0.0	0.0	-0.36	0.0	SSY
LFLY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LFLY
BIMI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BIMI
PETS	0.8	0.0	0.0	-0.36	0.0	0.0		0.0	PETS
RAD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RAD
	CJJD	MEDS	MDVL	SSY	LFLY	BIMI	PETS	RAD

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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

PETS	+ 0.8	CJJD
MEDS	+ 0.0	CJJD
MDVL	+ 0.0	CJJD
LFLY	+ 0.0	CJJD
BIMI	+ 0.0	CJJD
RAD	+ 0.0	CJJD

High negative correlations

SSY	- 0.43	CJJD
PETS	- 0.36	SSY
RAD	- 0.0	PETS
RAD	- 0.0	BIMI
PETS	- 0.0	BIMI
RAD	- 0.0	LFLY

Risk-Adjusted Indicators

There is a big difference between Café Pink Sheet performing well and Café Serendipity 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 Café Serendipity'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
CJJD	3.63	(0.37)	0.00	(2.63)	0.00	0.00	5.56	(7.59)	33.93
MEDS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDVL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSY	5.13	0.90	0.14	0.56	5.46	(6.70)	9.41	(9.17)	72.92
LFLY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIMI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PETS	2.93	(0.30)	0.00	(0.34)	0.00	0.00	5.72	(5.47)	23.41
RAD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Café Serendipity 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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