Auxly Cannabis Correlations
| CBWTF Stock | USD 0.03 0 3.85% |
The current 90-days correlation between Auxly Cannabis Group and Mesabi Trust is 0.33 (i.e., Weak diversification). The correlation of Auxly Cannabis 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.
Auxly Cannabis Correlation With Market
Modest diversification
The correlation between Auxly Cannabis Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Auxly Cannabis Group and DJI in the same portfolio, assuming nothing else is changed.
Auxly |
The ability to find closely correlated positions to Auxly Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auxly Cannabis 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 Auxly Cannabis - 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 Auxly Cannabis Group to buy it.
Moving together with Auxly OTC Stock
| 0.61 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.65 | PBCRY | Bank Central Asia | PairCorr |
| 0.68 | PBCRF | PT Bank Central | PairCorr |
| 0.66 | PTBRY | Bank Negara Indonesia | PairCorr |
Moving against Auxly OTC Stock
| 0.6 | OBYCF | Obayashi | PairCorr |
| 0.58 | MMV | MultiMetaVerse Holdings | PairCorr |
| 0.55 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.54 | XMTR | Xometry | PairCorr |
| 0.54 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.5 | PWOD | Penns Woods Bancorp | PairCorr |
| 0.46 | HUT | Hut 8 Corp | PairCorr |
| 0.43 | RELY | Remitly Global | PairCorr |
| 0.43 | T | ATT Inc Aggressive Push | PairCorr |
| 0.42 | HPAI | Helport AI Limited | PairCorr |
| 0.36 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.33 | OPTX | Syntec Optics Holdings Trending | PairCorr |
| 0.33 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.63 | AS | Amer Sports, | PairCorr |
| 0.61 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.61 | NETDU | Nabors Energy Transition | PairCorr |
| 0.58 | YELP | Yelp Inc | PairCorr |
| 0.55 | FNMFO | Federal National Mortgage | PairCorr |
| 0.5 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.49 | TGTX | TG Therapeutics | PairCorr |
| 0.43 | ROIC | Retail Opportunity | PairCorr |
| 0.41 | APLD | Applied Blockchain | PairCorr |
| 0.39 | MAR | Marriott International | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Auxly OTC Stock performing well and Auxly Cannabis OTC Stock 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 Auxly Cannabis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSB | 1.75 | 0.31 | 0.13 | 3.48 | 2.01 | 3.94 | 15.70 | |||
| NTNX | 1.79 | 0.04 | 0.01 | 0.13 | 2.15 | 3.95 | 13.29 | |||
| GTOR | 5.97 | 1.55 | 0.00 | (0.82) | 0.00 | 0.00 | 150.00 | |||
| AQUI | 2.79 | (1.38) | 0.00 | 0.72 | 0.00 | 0.00 | 93.33 | |||
| MSTSX | 0.53 | (0.12) | 0.00 | 3.75 | 0.00 | 1.03 | 7.08 | |||
| LBHIX | 0.11 | (0.02) | 0.00 | (1.13) | 0.00 | 0.24 | 0.94 | |||
| VIASP | 0.76 | 0.15 | 0.10 | (1.06) | 1.03 | 2.00 | 4.90 | |||
| RRTLX | 0.28 | (0.07) | 0.00 | (1.14) | 0.00 | 0.40 | 3.47 | |||
| OSHDF | 46.68 | 24.42 | 0.00 | (1.49) | 0.00 | 0.00 | 1,329 | |||
| 70082LAB3 | 0.67 | 0.11 | 0.08 | (0.53) | 0.81 | 1.78 | 6.86 |
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Auxly Cannabis Corporate Management
Elected by the shareholders, the Auxly Cannabis' board of directors comprises two types of representatives: Auxly Cannabis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Auxly. The board's role is to monitor Auxly Cannabis' management team and ensure that shareholders' interests are well served. Auxly Cannabis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Auxly Cannabis' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ian Rapsey | Chief Officer | Profile | |
| Ron Fichter | Gen Sec | Profile | |
| Vladimir Klacar | VP Planning | Profile | |
| Alan Cooke | VP Operations | Profile | |
| Brian Schmitt | Chief Officer | Profile | |
| Kevin Furet | Chief Officer | Profile |