GivBux Correlations

GBUX Stock

USD 2.44 0.68 21.79%

The correlation of GivBux 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.

GivBux Correlation With Market

Good diversification

The correlation between GivBux Inc and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GivBux Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GivBux Pink Sheet

0.73	SAP	SAP SE ADR	Pair Corr
0.9	UBER	Uber Technologies Aggressive Push	Pair Corr
0.74	SAPGF	SAP SE	Pair Corr
0.63	META	Meta Platforms	Pair Corr
0.62	BBLC	Blockchain Loyalty Corp	Pair Corr
0.75	TD	Toronto Dominion Bank	Pair Corr
0.66	BTT	Blackrock Municipal	Pair Corr
0.63	FARM	Farmer Bros	Pair Corr
0.74	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.61	BSET	Bassett Furniture	Pair Corr
0.68	SR	Spire Inc	Pair Corr
0.73	SGAPY	Singapore Telecommunicatio	Pair Corr
0.75	BLTH	American Battery Mat	Pair Corr
0.61	DVRNF	Deveron Corp	Pair Corr

Moving against GivBux Pink Sheet

0.68	INTU	Intuit Inc	Pair Corr
0.57	MSFT	Microsoft	Pair Corr
0.55	NOW	ServiceNow	Pair Corr
0.48	MSTR	MicroStrategy Incorporated Buyout Trend	Pair Corr
0.48	GOOG	Alphabet Class C	Pair Corr
0.46	CDNS	Cadence Design Systems	Pair Corr
0.42	CRM	Salesforce	Pair Corr
0.64	CMSQF	Computershare Limited	Pair Corr
0.53	BOWL	Bowlero Corp Symbol Change	Pair Corr
0.51	QMCO	Quantum Trending	Pair Corr

Related Correlations Analysis

	PLUS	FRSH	GTLB	ZM	RAYT	IPEU	SHIFF	RSSS	MIXT
PLUS		0.44	0.41	0.6	0.0	-0.27	0.0	0.8	0.0	PLUS
FRSH	0.44		0.91	0.56	0.0	0.34	0.0	0.26	0.0	FRSH
GTLB	0.41	0.91		0.67	0.0	0.3	0.0	0.34	0.0	GTLB
ZM	0.6	0.56	0.67		0.0	-0.35	0.0	0.71	0.0	ZM
RAYT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RAYT
IPEU	-0.27	0.34	0.3	-0.35	0.0		0.0	-0.54	0.0	IPEU
SHIFF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SHIFF
RSSS	0.8	0.26	0.34	0.71	0.0	-0.54	0.0		0.0	RSSS
MIXT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MIXT
	PLUS	FRSH	GTLB	ZM	RAYT	IPEU	SHIFF	RSSS	MIXT

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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

GTLB	+ 0.91	FRSH
RSSS	+ 0.8	PLUS
RSSS	+ 0.71	ZM
ZM	+ 0.67	GTLB
ZM	+ 0.6	PLUS
ZM	+ 0.56	FRSH

High negative correlations

RSSS	- 0.54	IPEU
IPEU	- 0.35	ZM
IPEU	- 0.27	PLUS
MIXT	- 0.0	RSSS
MIXT	- 0.0	SHIFF
RSSS	- 0.0	SHIFF

Risk-Adjusted Indicators

There is a big difference between GivBux Pink Sheet performing well and GivBux 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 GivBux'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PLUS	1.36	(0.24)	(0.45)	2.19	(3.42)	15.86
FRSH	1.91	0.03	(0.07)	3.97	(4.28)	15.73
GTLB	2.89	(0.13)	(0.20)	6.71	(5.32)	21.90
ZM	1.37	(0.09)	(0.24)	2.54	(3.30)	16.58
RAYT	0.00	0.00	0.00	0.00	0.00	0.00
IPEU	2.58	0.99	2.61	0.00	0.00	71.43
SHIFF	0.00	0.00	0.00	0.00	0.00	0.00
RSSS	2.43	(0.36)	(1.93)	5.04	(5.48)	14.03
MIXT	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in GivBux 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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