Good Vibrations Correlations

GVSI Stock

USD 0 0.0001 4.55%

The current 90-days correlation between Good Vibrations Shoes and ASICS is 0.03 (i.e., Significant diversification). The correlation of Good Vibrations 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.

Good Vibrations Correlation With Market

Modest diversification

The correlation between Good Vibrations Shoes and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Good Vibrations Shoes and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Good Pink Sheet

0.54	CZR	Caesars Entertainment	Pair Corr
0.5	ADDYY	Adidas AG ADR	Pair Corr
0.44	SMSEY	Samsonite International	Pair Corr
0.43	NKE	Nike Inc Aggressive Push	Pair Corr
0.4	CROX	Crocs Inc	Pair Corr
0.4	BILI	Bilibili	Pair Corr
0.49	BIP-PB	Brookfield Infrastructure	Pair Corr
0.33	MET	MetLife Sell-off Trend	Pair Corr

Related Correlations Analysis

	ASCCF	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI
ASCCF		0.11	0.03	0.61	-0.22	-0.42	0.08	0.74	0.44	ASCCF
AREBW	0.11		0.34	0.39	-0.45	-0.49	0.32	0.21	0.41	AREBW
AREB	0.03	0.34		0.54	-0.44	-0.59	0.56	0.26	0.62	AREB
CROX	0.61	0.39	0.54		-0.45	-0.7	0.68	0.66	0.89	CROX
ONON	-0.22	-0.45	-0.44	-0.45		0.88	-0.31	-0.02	-0.35	ONON
DECK	-0.42	-0.49	-0.59	-0.7	0.88		-0.48	-0.27	-0.59	DECK
SKX	0.08	0.32	0.56	0.68	-0.31	-0.48		0.34	0.68	SKX
SHOO	0.74	0.21	0.26	0.66	-0.02	-0.27	0.34		0.68	SHOO
DBI	0.44	0.41	0.62	0.89	-0.35	-0.59	0.68	0.68		DBI
	ASCCF	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI

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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

DBI	+ 0.89	CROX
DECK	+ 0.88	ONON
SHOO	+ 0.74	ASCCF
SKX	+ 0.68	CROX
DBI	+ 0.68	SKX
DBI	+ 0.68	SHOO

High negative correlations

DECK	- 0.7	CROX
DBI	- 0.59	DECK
DECK	- 0.59	AREB
DECK	- 0.49	AREBW
SKX	- 0.48	DECK
ONON	- 0.45	CROX

Risk-Adjusted Indicators

There is a big difference between Good Pink Sheet performing well and Good Vibrations 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 Good Vibrations' 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
ASCCF	0.78	(0.04)	0.00	(0.01)	0.00	0.00	0.00	0.00	24.99
AREBW	13.31	0.97	0.07	0.49	13.51	(22.21)	39.42	(25.33)	88.64
AREB	5.55	(0.88)	0.00	(0.15)	0.00	0.00	12.05	(10.00)	112.50
CROX	2.00	(0.53)	0.00	(0.45)	0.00	0.00	3.27	(4.25)	24.38
ONON	1.70	0.28	0.15	0.58	1.27	(2.15)	4.56	(2.53)	9.28
DECK	1.75	0.20	0.09	0.31	1.94	(1.87)	3.99	(3.72)	15.66
SKX	1.53	(0.14)	0.00	(0.23)	0.00	0.00	3.29	(3.41)	11.05
SHOO	1.36	(0.03)	(0.04)	0.09	1.69	(1.43)	2.96	(2.75)	8.41
DBI	3.19	(0.65)	0.00	(0.41)	0.00	0.00	7.16	(7.83)	24.50

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