Hunter Creek Correlations

The correlation of Hunter Creek 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 Hunter Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hunter Creek 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 Hunter Creek - 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 Hunter Creek Mining to buy it.

Moving together with Hunter Pink Sheet

0.61	DIS	Walt Disney	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.74	AXP	American Express	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.79	HPQ	HP Inc	Pair Corr

Moving against Hunter Pink Sheet

0.85	RSLBF	RaySearch Laboratories	Pair Corr
0.8	CYBQF	CYBERDYNE	Pair Corr
0.59	GOLD	Barrick Gold Corp	Pair Corr
0.53	BFAM	Bright Horizons Family	Pair Corr
0.42	RIO	Rio Tinto ADR	Pair Corr
0.39	LH	Laboratory	Pair Corr
0.34	UBER	Uber Technologies	Pair Corr
0.33	PLD	Prologis	Pair Corr
0.74	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.68	KO	Coca Cola	Pair Corr
0.64	T	ATT Inc	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.55	PG	Procter Gamble Sell-off Trend	Pair Corr
0.38	IBM	International Business	Pair Corr
0.34	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	KLG	PAVS	K	JDSPY	SWMD	TOON	SFD	FHBC
KLG		-0.33	0.2	0.0	0.0	0.52	-0.05	0.0	KLG
PAVS	-0.33		0.6	-0.76	0.0	-0.03	0.29	0.0	PAVS
K	0.2	0.6		-0.88	0.0	0.11	0.52	0.0	K
JDSPY	0.0	-0.76	-0.88		0.0	0.01	-0.41	0.0	JDSPY
SWMD	0.0	0.0	0.0	0.0		0.0	0.0	1.0	SWMD
TOON	0.52	-0.03	0.11	0.01	0.0		-0.03	0.0	TOON
SFD	-0.05	0.29	0.52	-0.41	0.0	-0.03		0.0	SFD
FHBC	0.0	0.0	0.0	0.0	1.0	0.0	0.0		FHBC
	KLG	PAVS	K	JDSPY	SWMD	TOON	SFD	FHBC

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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

FHBC	+ 1.0	SWMD
K	+ 0.6	PAVS
TOON	+ 0.52	KLG
SFD	+ 0.52	K
SFD	+ 0.29	PAVS
K	+ 0.2	KLG

High negative correlations

JDSPY	- 0.88	K
JDSPY	- 0.76	PAVS
SFD	- 0.41	JDSPY
PAVS	- 0.33	KLG
SFD	- 0.05	KLG
SFD	- 0.03	TOON

Risk-Adjusted Indicators

There is a big difference between Hunter Pink Sheet performing well and Hunter Creek 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 Hunter Creek'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
KLG	2.20	0.08	0.04	0.09	3.15	(2.25)	5.51	(6.67)	16.25
PAVS	2.39	0.62	0.29	(0.98)	2.08	(3.52)	6.92	(4.17)	27.68
K	0.14	0.03	0.77	1.17	0.00	(0.16)	0.34	(0.27)	0.80
JDSPY	2.50	(0.53)	0.00	3.22	0.00	0.00	6.25	(5.61)	19.90
SWMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TOON	3.94	0.08	0.03	0.35	4.65	(5.28)	9.43	(7.35)	27.82
SFD	1.81	(0.05)	0.00	(0.24)	0.00	0.00	3.75	(4.63)	11.62
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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