GiveMePower Corp Correlations

GMPW Stock

USD 0.01 0.0008 13.56%

The current 90-days correlation between GiveMePower Corp and Axis Technologies Group is -0.19 (i.e., Good diversification). The correlation of GiveMePower Corp 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.

GiveMePower Corp Correlation With Market

Significant diversification

The correlation between GiveMePower Corp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GiveMePower Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against GiveMePower Pink Sheet

0.44	INTC	Intel	Pair Corr
0.43	DD	Dupont De Nemours	Pair Corr
0.43	MCD	McDonalds	Pair Corr
0.39	JNJ	Johnson Johnson	Pair Corr
0.32	GBHPF	Global Hemp Group	Pair Corr

Related Correlations Analysis

	AXTG	VTXB	SYSX	CBTC	MS-PA	SCHW-PJ	MS-PP	MS-PI	MS-PK
AXTG		0.14	0.0	0.15	0.02	-0.15	0.09	-0.28	-0.21	AXTG
VTXB	0.14		0.0	0.14	0.06	-0.31	-0.18	-0.31	-0.52	VTXB
SYSX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SYSX
CBTC	0.15	0.14	0.0		0.49	0.16	0.13	-0.08	-0.07	CBTC
MS-PA	0.02	0.06	0.0	0.49		0.56	0.32	-0.11	0.37	MS-PA
SCHW-PJ	-0.15	-0.31	0.0	0.16	0.56		0.56	0.51	0.68	SCHW-PJ
MS-PP	0.09	-0.18	0.0	0.13	0.32	0.56		0.56	0.55	MS-PP
MS-PI	-0.28	-0.31	0.0	-0.08	-0.11	0.51	0.56		0.56	MS-PI
MS-PK	-0.21	-0.52	0.0	-0.07	0.37	0.68	0.55	0.56		MS-PK
	AXTG	VTXB	SYSX	CBTC	MS-PA	SCHW-PJ	MS-PP	MS-PI	MS-PK

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

MS-PK	+ 0.68	SCHW-PJ
SCHW-PJ	+ 0.56	MS-PA
MS-PP	+ 0.56	SCHW-PJ
MS-PI	+ 0.56	MS-PP
MS-PK	+ 0.56	MS-PI
MS-PK	+ 0.55	MS-PP

High negative correlations

MS-PK	- 0.52	VTXB
MS-PI	- 0.31	VTXB
SCHW-PJ	- 0.31	VTXB
MS-PI	- 0.28	AXTG
MS-PK	- 0.21	AXTG
MS-PP	- 0.18	VTXB

Risk-Adjusted Indicators

There is a big difference between GiveMePower Pink Sheet performing well and GiveMePower Corp 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 GiveMePower Corp'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
AXTG	20.13	5.41	0.12	(1.62)	17.16	(75.00)	100.00	(50.00)	260.00
VTXB	25.14	6.63	0.13	3.39	19.90	(88.89)	100.00	(50.00)	150.00
SYSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBTC	8.95	0.30	0.04	(0.52)	8.44	(16.86)	22.22	(16.67)	55.00
MS-PA	0.32	(0.03)	0.00	(0.34)	0.00	0.00	0.65	(0.77)	2.30
SCHW-PJ	0.73	0.00	0.09	0.00	0.82	(0.85)	1.66	(1.32)	3.93
MS-PP	0.27	0.02	0.22	0.08	0.30	(0.30)	0.59	(0.50)	2.00
MS-PI	0.16	0.03	0.39	0.61	0.06	(0.20)	0.52	(0.28)	1.55
MS-PK	0.40	0.01	0.16	(0.01)	0.42	(0.48)	0.94	(0.72)	2.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in GiveMePower Corp 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.

Did you try this?

Run Equity Analysis Now

Equity Analysis

Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC