CubicFarm Systems Correlations

CUBXF Stock

USD 0.25 0.00 0.00%

The current 90-days correlation between CubicFarm Systems Corp and Nikola Corp is 0.06 (i.e., Significant diversification). The correlation of CubicFarm Systems 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.

CubicFarm Systems Correlation With Market

Good diversification

The correlation between CubicFarm Systems Corp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CubicFarm Systems Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CubicFarm Pink Sheet

0.68	VLVLY	Volvo AB ADR	Pair Corr
0.64	VOLVF	Volvo AB ser	Pair Corr
0.68	DTRUY	Daimler Truck Holding	Pair Corr
0.69	DTGHF	Daimler Truck Holding	Pair Corr
0.66	HWM	Howmet Aerospace	Pair Corr
0.65	GPI	Group 1 Automotive	Pair Corr
0.69	AAVMY	ABN AMRO Bank	Pair Corr
0.7	AGI	Alamos Gold	Pair Corr
0.69	PINS	Pinterest	Pair Corr
0.62	KO	Coca Cola	Pair Corr
0.62	BLAGF	Blue Lagoon Resources	Pair Corr
0.68	AXIL	AXIL Brands,	Pair Corr

Moving against CubicFarm Pink Sheet

0.51	CAT	Caterpillar	Pair Corr
0.33	PCAR	PACCAR Inc	Pair Corr
0.43	IPIX	Innovation Pharmaceuticals	Pair Corr

Related Correlations Analysis

	LEV	NKLA	BIIAF	CEADW	TYIDY	AMMX	TGHLF	HYFM	GENC	CEAD
LEV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LEV
NKLA	0.0		0.0	-0.57	-0.78	0.35	0.04	0.83	0.91	-0.65	NKLA
BIIAF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BIIAF
CEADW	0.0	-0.57	0.0		0.33	-0.27	0.21	-0.49	-0.47	0.51	CEADW
TYIDY	0.0	-0.78	0.0	0.33		-0.25	-0.15	-0.56	-0.85	0.4	TYIDY
AMMX	0.0	0.35	0.0	-0.27	-0.25		-0.01	0.39	0.35	-0.2	AMMX
TGHLF	0.0	0.04	0.0	0.21	-0.15	-0.01		0.16	0.14	0.47	TGHLF
HYFM	0.0	0.83	0.0	-0.49	-0.56	0.39	0.16		0.76	-0.52	HYFM
GENC	0.0	0.91	0.0	-0.47	-0.85	0.35	0.14	0.76		-0.6	GENC
CEAD	0.0	-0.65	0.0	0.51	0.4	-0.2	0.47	-0.52	-0.6		CEAD
	LEV	NKLA	BIIAF	CEADW	TYIDY	AMMX	TGHLF	HYFM	GENC	CEAD

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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

GENC	+ 0.91	NKLA
HYFM	+ 0.83	NKLA
GENC	+ 0.76	HYFM
CEAD	+ 0.51	CEADW
CEAD	+ 0.47	TGHLF
CEAD	+ 0.4	TYIDY

High negative correlations

GENC	- 0.85	TYIDY
TYIDY	- 0.78	NKLA
CEAD	- 0.65	NKLA
CEAD	- 0.6	GENC
CEADW	- 0.57	NKLA
HYFM	- 0.56	TYIDY

Risk-Adjusted Indicators

There is a big difference between CubicFarm Pink Sheet performing well and CubicFarm Systems 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 CubicFarm Systems' 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
LEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NKLA	9.86	(2.23)	0.00	(1.10)	0.00	0.00	24.03	(30.77)	81.55
BIIAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CEADW	32.05	10.12	0.39	(0.77)	23.92	(41.42)	100.00	(46.77)	361.79
TYIDY	1.39	0.21	0.19	(1.01)	1.55	(1.51)	2.58	(2.66)	14.02
AMMX	4.53	(0.71)	0.00	(2.38)	0.00	0.00	10.53	(9.52)	50.00
TGHLF	3.16	0.21	0.04	0.09	4.06	(3.85)	7.89	(8.43)	22.53
HYFM	3.22	(0.62)	0.00	(0.44)	0.00	0.00	6.90	(6.86)	26.83
GENC	2.12	(0.80)	0.00	(0.96)	0.00	0.00	2.66	(5.58)	15.04
CEAD	3.92	0.59	0.14	1.32	4.04	(4.99)	13.82	(7.09)	34.45

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Our tools can tell you how much better you can do entering a position in CubicFarm Systems 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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CubicFarm Systems Corporate Management

John Jonge	Interim Pres	Profile
JoAnn Ostermann	Chief Officer	Profile
Dino Accili	Chief Officer	Profile
Amanda Tilborg	VP HR	Profile
Andrea Magee	Communications Mang	Profile
Carlos Yam	Chief Officer	Profile

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