Clean Seas Correlations

CTUNF Stock  USD 0.05  0.00  0.00%   
The current 90-days correlation between Clean Seas Seafood and Radcom is 0.05 (i.e., Significant diversification). The correlation of Clean Seas 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.

Clean Seas Correlation With Market

Weak diversification

The correlation between Clean Seas Seafood and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clean Seas Seafood and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Clean Seas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Seas 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 Clean Seas - 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 Clean Seas Seafood to buy it.

Moving together with Clean Pink Sheet

  0.67BG Bunge LimitedPairCorr
  0.72HNHPF Hon Hai PrecisionPairCorr
  0.62PAVMZ PAVmed Series ZPairCorr

Moving against Clean Pink Sheet

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  0.57NDEKY Nitto Denko CorpPairCorr
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  0.49TM Toyota MotorPairCorr
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  0.36IBIO iBio, Common StockPairCorr
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  0.61ARZGF Assicurazioni GeneraliPairCorr
  0.58LQDT Liquidity ServicesPairCorr
  0.55ATGE Adtalem Global EducationPairCorr
  0.43AEXFF Aminex PLCPairCorr
  0.4OKTA Okta IncPairCorr
  0.36RNECF Renesas ElectronicsPairCorr
  0.36BABAF Alibaba Group HoldingPairCorr

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   
ADNTCARS
ADNTARW
CARSARW
ADNTNCMI
NCMIIAS
CARSNCMI
  
High negative correlations   
GMOYFCARS
GMOYFADNT
GMOYFARW
VCRDCM
GMOYFNCMI
GMOYFRDCM

Risk-Adjusted Indicators

There is a big difference between Clean Pink Sheet performing well and Clean Seas 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 Clean Seas' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Clean Seas 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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Clean Seas Corporate Management

David BrownJoint Company SecretaryProfile
Robert GrattonJoint Company SecretaryProfile
Chester WilkesMarine Production ManagerProfile
Eryl BaronJoint SecProfile
Tim DohrmannInvestor RelationsProfile