Charlottes Web Correlations
| CWBHF Stock | USD 0.12 0.01 7.69% |
The current 90-days correlation between Charlottes Web Holdings and Evolus Inc is -0.13 (i.e., Good diversification). The correlation of Charlottes Web 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.
Charlottes Web Correlation With Market
Good diversification
The correlation between Charlottes Web Holdings and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charlottes Web Holdings and DJI in the same portfolio, assuming nothing else is changed.
Charlottes |
The ability to find closely correlated positions to Charlottes Web could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charlottes Web 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 Charlottes Web - 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 Charlottes Web Holdings to buy it.
Moving against Charlottes OTC Stock
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| 0.38 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.71 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.71 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.54 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.54 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.49 | HPQ | HP Inc | PairCorr |
| 0.49 | T | ATT Inc Aggressive Push | PairCorr |
| 0.46 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.46 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.42 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Charlottes OTC Stock performing well and Charlottes Web OTC Stock 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 Charlottes Web'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HENC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YCBD | 3.27 | 0.01 | 0.00 | 0.10 | 0.00 | 6.82 | 28.60 | |||
| EOLS | 2.53 | (0.25) | 0.00 | (0.19) | 0.00 | 5.06 | 22.78 | |||
| CVSI | 4.10 | (0.04) | 0.00 | 0.08 | 6.56 | 25.00 | 45.00 | |||
| CWBHF | 2.82 | (0.13) | 0.00 | 0.26 | 0.00 | 7.69 | 21.03 | |||
| AKAN | 3.62 | (0.72) | 0.00 | (0.34) | 0.00 | 8.00 | 22.55 | |||
| BFRI | 6.18 | 0.39 | 0.01 | (0.10) | 7.19 | 14.63 | 46.72 | |||
| COLL | 1.88 | (0.43) | 0.00 | (0.25) | 0.00 | 3.23 | 12.29 | |||
| ANIP | 1.90 | (0.22) | 0.00 | (0.06) | 0.00 | 3.70 | 10.82 | |||
| INCR | 3.05 | (0.65) | 0.00 | (1.40) | 0.00 | 6.10 | 27.24 |
Be your own money manager
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Charlottes Web Corporate Management
Elected by the shareholders, the Charlottes Web's board of directors comprises two types of representatives: Charlottes Web inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Charlottes. The board's role is to monitor Charlottes Web's management team and ensure that shareholders' interests are well served. Charlottes Web's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Charlottes Web's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andres Gortari | Chief Officer | Profile | |
| Stephen Rogers | Gen VP | Profile | |
| Cory Pala | Director Relations | Profile | |
| Jacques Tortoroli | Pres CEO | Profile | |
| Richard Mohr | Advisor | Profile | |
| Greg Gould | CFO Officer | Profile | |
| Kelly Shea | Sr Communications | Profile |