Glucose Health Correlations

GLUC Stock

USD 0.14 0.03 17.65%

The current 90-days correlation between Glucose Health and BRF SA ADR is 0.27 (i.e., Modest diversification). The correlation of Glucose Health 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.

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

Moving together with Glucose Pink Sheet

0.63	NSRGF	Nestle SA	Pair Corr
0.66	KHC	Kraft Heinz	Pair Corr

Moving against Glucose Pink Sheet

0.58	BBAI	BigBearai Holdings	Pair Corr
0.54	FUND	Sprott Focus Trust	Pair Corr
0.49	K	Kellanova	Pair Corr
0.7	ET	Energy Transfer LP	Pair Corr
0.69	BFLY	Butterfly Network Upward Rally	Pair Corr
0.68	GLBE	Global E Online	Pair Corr
0.65	LUNR	Intuitive Machines	Pair Corr
0.63	NFLX	Netflix Sell-off Trend	Pair Corr
0.61	IONQ	IONQ Inc	Pair Corr
0.61	PLTR	Palantir Technologies	Pair Corr
0.6	SOFI	SoFi Technologies	Pair Corr
0.6	CRS	Carpenter Technology	Pair Corr
0.55	RUM	Rumble Inc Tech Boost	Pair Corr
0.55	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.54	SOUN	SoundHound AI Trending	Pair Corr
0.47	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.45	APLD	Applied Blockchain	Pair Corr
0.44	AVTE	Aerovate Therapeutics	Pair Corr
0.39	INMD	InMode	Pair Corr
0.39	GOOG	Alphabet Class C Buyout Trend	Pair Corr

Related Correlations Analysis

	BRFS	PPC	JBSS	SENEA	BRID	CENTA	BRBR	CENT	LWAY	LFVN
BRFS		-0.07	0.0	0.15	0.56	0.48	0.04	0.48	-0.24	0.05	BRFS
PPC	-0.07		-0.81	0.67	0.01	0.24	0.82	0.29	0.12	0.82	PPC
JBSS	0.0	-0.81		-0.62	0.05	-0.36	-0.74	-0.41	0.21	-0.6	JBSS
SENEA	0.15	0.67	-0.62		0.54	0.66	0.93	0.71	-0.05	0.74	SENEA
BRID	0.56	0.01	0.05	0.54		0.54	0.37	0.55	0.0	0.31	BRID
CENTA	0.48	0.24	-0.36	0.66	0.54		0.5	1.0	-0.61	0.24	CENTA
BRBR	0.04	0.82	-0.74	0.93	0.37	0.5		0.55	0.05	0.86	BRBR
CENT	0.48	0.29	-0.41	0.71	0.55	1.0	0.55		-0.58	0.29	CENT
LWAY	-0.24	0.12	0.21	-0.05	0.0	-0.61	0.05	-0.58		0.33	LWAY
LFVN	0.05	0.82	-0.6	0.74	0.31	0.24	0.86	0.29	0.33		LFVN
	BRFS	PPC	JBSS	SENEA	BRID	CENTA	BRBR	CENT	LWAY	LFVN

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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

CENT	+ 1.0	CENTA
BRBR	+ 0.93	SENEA
LFVN	+ 0.86	BRBR
BRBR	+ 0.82	PPC
LFVN	+ 0.82	PPC
LFVN	+ 0.74	SENEA

High negative correlations

JBSS	- 0.81	PPC
BRBR	- 0.74	JBSS
SENEA	- 0.62	JBSS
LWAY	- 0.61	CENTA
LFVN	- 0.6	JBSS
LWAY	- 0.58	CENT

Risk-Adjusted Indicators

There is a big difference between Glucose Pink Sheet performing well and Glucose Health 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 Glucose Health'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
BRFS	1.64	0.08	0.00	0.57	2.07	(1.70)	3.21	(3.36)	9.87
PPC	1.72	0.12	0.01	0.85	2.37	(1.81)	3.57	(3.89)	13.48
JBSS	1.18	(0.18)	0.00	(0.04)	0.00	0.00	1.97	(2.16)	12.01
SENEA	1.18	0.21	0.11	0.34	1.43	(1.31)	2.87	(1.85)	11.87
BRID	1.53	0.28	0.11	0.96	1.52	(1.80)	4.07	(2.70)	9.39
CENTA	1.33	(0.03)	(0.01)	0.09	1.41	(1.48)	2.81	(2.72)	6.82
BRBR	0.95	0.40	0.31	1.45	0.61	(1.16)	2.61	(1.63)	5.32
CENT	1.31	0.01	0.01	0.12	1.38	(1.48)	2.81	(2.33)	6.39
LWAY	2.05	0.13	0.03	0.34	2.47	(2.38)	4.86	(5.06)	31.34
LFVN	3.27	0.89	0.24	22.57	2.88	(3.95)	8.58	(5.43)	19.22

Be your own money manager

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