Indoor Harvest Correlations

INQD Stock

USD 0.0003 0.0002 40.00%

The correlation of Indoor Harvest 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.

Indoor Harvest Correlation With Market

Good diversification

The correlation between Indoor Harvest Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indoor Harvest Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Indoor Pink Sheet

0.83	TKPHF	Takeda Pharmaceutical	Pair Corr
0.88	TAK	Takeda Pharmaceutical	Pair Corr
0.83	HLN	Haleon plc	Pair Corr
0.76	HLNCF	Haleon plc	Pair Corr
0.68	PKX	POSCO Holdings	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.77	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.82	KO	Coca Cola	Pair Corr

Moving against Indoor Pink Sheet

0.72	PUTKY	United Tractors Tbk	Pair Corr
0.67	TEVA	Teva Pharma Industries	Pair Corr
0.62	TEVA	Teva Pharmaceutical	Pair Corr
0.49	PTAIY	Astra International Tbk	Pair Corr
0.48	PIFMY	Indofood Sukses Makmur	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.8	MSFT	Microsoft	Pair Corr
0.74	AXP	American Express	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.58	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	GRCU	CNNA	RMRK	GXXY	NWPN	ACCA	CHNC	HENC	UBQU
GRCU		-0.38	-0.11	0.17	0.24	0.0	0.0	0.0	-0.47	GRCU
CNNA	-0.38		0.16	-0.09	-0.26	0.0	0.0	0.0	0.36	CNNA
RMRK	-0.11	0.16		-0.2	-0.27	0.0	0.0	0.0	0.33	RMRK
GXXY	0.17	-0.09	-0.2		0.15	0.0	0.0	0.0	-0.36	GXXY
NWPN	0.24	-0.26	-0.27	0.15		0.0	0.0	0.0	-0.28	NWPN
ACCA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ACCA
CHNC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CHNC
HENC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HENC
UBQU	-0.47	0.36	0.33	-0.36	-0.28	0.0	0.0	0.0		UBQU
	GRCU	CNNA	RMRK	GXXY	NWPN	ACCA	CHNC	HENC	UBQU

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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

UBQU	+ 0.36	CNNA
UBQU	+ 0.33	RMRK
NWPN	+ 0.24	GRCU
GXXY	+ 0.17	GRCU
RMRK	+ 0.16	CNNA
NWPN	+ 0.15	GXXY

High negative correlations

UBQU	- 0.47	GRCU
CNNA	- 0.38	GRCU
UBQU	- 0.36	GXXY
UBQU	- 0.28	NWPN
NWPN	- 0.27	RMRK
NWPN	- 0.26	CNNA

Risk-Adjusted Indicators

There is a big difference between Indoor Pink Sheet performing well and Indoor Harvest 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 Indoor Harvest'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
GRCU	35.22	11.00	0.20	1.75	23.79	(100.00)	100.00	(50.00)	150.00
CNNA	7.91	1.66	0.09	(2.76)	8.36	(25.44)	25.00	(20.00)	147.22
RMRK	6.80	1.20	0.05	(1.66)	7.96	(33.33)	33.33	(25.00)	58.33
GXXY	11.38	2.87	0.15	(8.51)	8.76	(65.48)	28.00	(25.62)	264.15
NWPN	17.36	4.41	0.08	(2.46)	15.80	(100.00)	100.00	(50.00)	150.00
ACCA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HENC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UBQU	0.00	0.00	0.00	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 Indoor Harvest 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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