Curtiss Motorcycles Correlations

CMOT Stock

USD 0.05 0.03 117.39%

The current 90-days correlation between Curtiss Motorcycles and Twin Vee Powercats is 0.02 (i.e., Significant diversification). The correlation of Curtiss Motorcycles 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.

Curtiss Motorcycles Correlation With Market

Good diversification

The correlation between Curtiss Motorcycles and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curtiss Motorcycles and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Curtiss Pink Sheet

0.38	MBUU	Malibu Boats	Pair Corr
0.38	SSNLF	Samsung Electronics	Pair Corr
0.38	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.34	NTAP	NetApp Inc	Pair Corr
0.31	TSM	Taiwan Semiconductor Buyout Trend	Pair Corr
0.42	SIFY	Sify Technologies	Pair Corr

Related Correlations Analysis

	LFEV	EVVL	VEEE	LCII	MPX	MCFT	DOOO	MBUU	WGO
LFEV		0.0	0.44	0.17	-0.03	-0.06	0.38	-0.3	-0.03	LFEV
EVVL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EVVL
VEEE	0.44	0.0		0.1	-0.36	-0.5	0.75	-0.56	0.04	VEEE
LCII	0.17	0.0	0.1		0.46	0.21	0.29	0.16	0.36	LCII
MPX	-0.03	0.0	-0.36	0.46		0.8	-0.45	0.54	0.63	MPX
MCFT	-0.06	0.0	-0.5	0.21	0.8		-0.64	0.59	0.53	MCFT
DOOO	0.38	0.0	0.75	0.29	-0.45	-0.64		-0.68	-0.15	DOOO
MBUU	-0.3	0.0	-0.56	0.16	0.54	0.59	-0.68		0.35	MBUU
WGO	-0.03	0.0	0.04	0.36	0.63	0.53	-0.15	0.35		WGO
	LFEV	EVVL	VEEE	LCII	MPX	MCFT	DOOO	MBUU	WGO

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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

MCFT	+ 0.8	MPX
DOOO	+ 0.75	VEEE
WGO	+ 0.63	MPX
MBUU	+ 0.59	MCFT
MBUU	+ 0.54	MPX
WGO	+ 0.53	MCFT

High negative correlations

MBUU	- 0.68	DOOO
DOOO	- 0.64	MCFT
MBUU	- 0.56	VEEE
MCFT	- 0.5	VEEE
DOOO	- 0.45	MPX
MPX	- 0.36	VEEE

Risk-Adjusted Indicators

There is a big difference between Curtiss Pink Sheet performing well and Curtiss Motorcycles 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 Curtiss Motorcycles' 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
LFEV	6.86	0.89	0.03	(1.14)	8.99	(33.18)	36.00	(26.47)	80.36
EVVL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VEEE	4.91	(0.02)	(0.01)	0.06	6.19	(6.29)	15.09	(10.00)	39.05
LCII	1.56	(0.11)	(0.02)	0.03	2.02	(1.58)	3.85	(3.73)	8.29
MPX	1.18	(0.01)	0.02	0.08	1.40	(1.30)	2.89	(2.20)	8.35
MCFT	1.76	(0.04)	0.09	0.08	1.66	(2.07)	3.20	(3.06)	29.12
DOOO	1.53	(0.31)	0.00	(0.52)	0.00	0.00	2.43	(3.54)	11.25
MBUU	1.93	0.10	0.05	0.17	2.34	(2.15)	3.72	(4.37)	13.09
WGO	1.78	(0.15)	(0.02)	0.02	2.55	(1.88)	3.68	(3.71)	13.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in Curtiss Motorcycles 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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