CoinSmart Financial Correlations

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

Related Correlations Analysis

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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   
BMRCXAI
HTCRCXAI
HKDAI
BMRHTCR
CXAIAI
BMRAI
  
High negative correlations   
AIMKTW
HKDMKTW
CXAIMKTW
HTCRMKTW
BMRMKTW
AISWRM

Risk-Adjusted Indicators

There is a big difference between CoinSmart Pink Sheet performing well and CoinSmart Financial 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 CoinSmart Financial'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SWRM  22.42  4.44  0.11  0.63  19.83 
 50.00 
 150.00 
IDXAF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MKTW  3.69  0.40  0.09  0.38  3.58 
 5.88 
 38.02 
IDBA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AI  3.23 (0.51) 0.00 (0.79) 0.00 
 6.94 
 19.50 
CXAI  5.16  0.03  0.01  0.02  5.55 
 11.94 
 46.87 
HTCR  6.65  0.41  0.05  0.52  8.77 
 10.27 
 78.60 
BMR  5.62  0.18  0.04 (0.53) 5.75 
 12.01 
 57.50 
XELA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HKD  2.45 (0.16) 0.00  0.36  0.00 
 3.81 
 32.94 

View CoinSmart Financial Related Equities

 Risk & Return  Correlation

CoinSmart Financial Corporate Management

Still Interested in CoinSmart Financial?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.