Caspian Services Correlations

CSSV Stock

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The correlation of Caspian Services 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.

Caspian Services Correlation With Market

Good diversification

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

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

Moving together with Caspian Pink Sheet

0.73	MSB	Mesabi Trust Downward Rally	Pair Corr
0.68	NTNX	Nutanix	Pair Corr
0.77	TGTX	TG Therapeutics	Pair Corr
0.73	YPF	YPF Sociedad Anonima	Pair Corr
0.75	FNMFO	Federal National Mortgage	Pair Corr
0.7	NBIX	Neurocrine Biosciences	Pair Corr
0.7	EVGR	Evergreen Corp	Pair Corr
0.82	ZION	Zions Bancorporation Fiscal Year End 27th of January 2025	Pair Corr
0.77	ESGLW	ESGL Holdings Limited	Pair Corr
0.73	SAPMF	Saipem SpA	Pair Corr
0.76	MAR	Marriott International	Pair Corr
0.68	PETS	PetMed Express	Pair Corr
0.87	RELY	Remitly Global Tech Boost	Pair Corr
0.69	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.8	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.75	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.79	BSIG	Brightsphere Investment	Pair Corr
0.9	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.8	GM	General Motors	Pair Corr
0.75	DMRC	Digimarc	Pair Corr
0.64	AS	Amer Sports,	Pair Corr
0.83	GLPPRB	Global Partners LP	Pair Corr
0.8	PWOD	Penns Woods Bancorp	Pair Corr
0.83	HUT	Hut 8 Corp	Pair Corr

Moving against Caspian Pink Sheet

0.53	251566AA3	DT 3625 21	Pair Corr
0.86	MEDS	Trxade Group Symbol Change	Pair Corr
0.41	WDLF	Social Life Network	Pair Corr

Related Correlations Analysis

	STMGF	VLERF	IVCTF	AOIFF	CNOBP	RCMT	BLK	FRCOF	AGLDF	OBYCF
STMGF		-0.34	0.45	-0.05	-0.39	-0.53	-0.58	-0.64	0.38	-0.34	STMGF
VLERF	-0.34		-0.68	0.2	0.85	0.66	0.78	-0.03	-0.36	0.85	VLERF
IVCTF	0.45	-0.68		-0.26	-0.67	-0.62	-0.71	0.1	0.29	-0.61	IVCTF
AOIFF	-0.05	0.2	-0.26		0.36	0.03	0.27	-0.04	-0.15	0.25	AOIFF
CNOBP	-0.39	0.85	-0.67	0.36		0.66	0.81	0.07	-0.25	0.86	CNOBP
RCMT	-0.53	0.66	-0.62	0.03	0.66		0.81	0.09	-0.39	0.55	RCMT
BLK	-0.58	0.78	-0.71	0.27	0.81	0.81		0.22	-0.5	0.64	BLK
FRCOF	-0.64	-0.03	0.1	-0.04	0.07	0.09	0.22		-0.24	-0.02	FRCOF
AGLDF	0.38	-0.36	0.29	-0.15	-0.25	-0.39	-0.5	-0.24		-0.19	AGLDF
OBYCF	-0.34	0.85	-0.61	0.25	0.86	0.55	0.64	-0.02	-0.19		OBYCF
	STMGF	VLERF	IVCTF	AOIFF	CNOBP	RCMT	BLK	FRCOF	AGLDF	OBYCF

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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

OBYCF	+ 0.86	CNOBP
CNOBP	+ 0.85	VLERF
OBYCF	+ 0.85	VLERF
BLK	+ 0.81	CNOBP
BLK	+ 0.81	RCMT
BLK	+ 0.78	VLERF

High negative correlations

BLK	- 0.71	IVCTF
IVCTF	- 0.68	VLERF
CNOBP	- 0.67	IVCTF
FRCOF	- 0.64	STMGF
RCMT	- 0.62	IVCTF
OBYCF	- 0.61	IVCTF

Risk-Adjusted Indicators

There is a big difference between Caspian Pink Sheet performing well and Caspian Services 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 Caspian Services' 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
STMGF	5.90	(0.02)	0.00	0.01	0.00	0.00	2.46	(19.20)	139.28
VLERF	2.97	0.45	0.14	0.46	2.98	(3.75)	6.33	(5.36)	21.15
IVCTF	4.17	(0.21)	0.00	0.33	0.00	0.00	10.68	(9.86)	36.90
AOIFF	2.14	(0.04)	0.00	(0.11)	0.00	0.00	4.65	(4.08)	10.01
CNOBP	0.69	0.10	0.08	0.25	0.81	(0.82)	1.75	(1.61)	5.84
RCMT	1.61	0.16	0.06	0.42	2.18	(1.84)	3.43	(3.34)	12.78
BLK	0.83	0.13	0.12	0.22	0.82	(0.91)	1.85	(1.63)	6.38
FRCOF	0.93	0.18	0.00	(30.28)	0.00	0.00	2.65	(0.98)	23.45
AGLDF	19.09	5.44	0.14	(3.03)	16.03	(53.25)	93.07	(41.86)	239.23
OBYCF	0.79	0.28	0.00	1.02	0.00	0.00	0.00	0.00	23.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Caspian Services 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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Caspian Services Corporate Executives

Elected by the shareholders, the Caspian Services' board of directors comprises two types of representatives: Caspian Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Caspian. The board's role is to monitor Caspian Services' management team and ensure that shareholders' interests are well served. Caspian Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Caspian Services' outside directors are responsible for providing unbiased perspectives on the board's policies.

Indira Kaliyeva

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