Industrial Nanotech Correlations

INTK Stock

USD 0.0002 0.0001 100.00%

The current 90-days correlation between Industrial Nanotech and C Bond Systems is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Industrial Nanotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Industrial Nanotech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Industrial Nanotech Correlation With Market

Significant diversification

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

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

Moving against Industrial Pink Sheet

0.42	PBCRY	Bank Central Asia	Pair Corr
0.36	PBCRF	PT Bank Central	Pair Corr
0.34	PPERF	Bank Mandiri Persero	Pair Corr
0.32	BKRKY	Bank Rakyat	Pair Corr
0.32	BKRKF	PT Bank Rakyat	Pair Corr
0.31	PPERY	Bank Mandiri Persero	Pair Corr
0.47	DIS	Walt Disney	Pair Corr
0.37	HD	Home Depot	Pair Corr
0.32	WMT	Walmart	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	CBNT	LHYFF	RNWF	CNEY	SNES	DNMR	COWI	REX	GEVO	AXTA
CBNT		0.0	-0.36	0.54	0.43	0.11	0.11	0.77	0.59	0.51	CBNT
LHYFF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LHYFF
RNWF	-0.36	0.0		-0.81	-0.35	-0.39	0.25	-0.53	-0.61	0.15	RNWF
CNEY	0.54	0.0	-0.81		0.65	0.48	-0.23	0.81	0.83	0.01	CNEY
SNES	0.43	0.0	-0.35	0.65		0.19	-0.29	0.72	0.52	0.45	SNES
DNMR	0.11	0.0	-0.39	0.48	0.19		-0.08	0.33	0.42	-0.21	DNMR
COWI	0.11	0.0	0.25	-0.23	-0.29	-0.08		-0.09	-0.08	0.01	COWI
REX	0.77	0.0	-0.53	0.81	0.72	0.33	-0.09		0.8	0.4	REX
GEVO	0.59	0.0	-0.61	0.83	0.52	0.42	-0.08	0.8		0.0	GEVO
AXTA	0.51	0.0	0.15	0.01	0.45	-0.21	0.01	0.4	0.0		AXTA
	CBNT	LHYFF	RNWF	CNEY	SNES	DNMR	COWI	REX	GEVO	AXTA

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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

GEVO	+ 0.83	CNEY
REX	+ 0.81	CNEY
GEVO	+ 0.8	REX
REX	+ 0.77	CBNT
REX	+ 0.72	SNES
SNES	+ 0.65	CNEY

High negative correlations

CNEY	- 0.81	RNWF
GEVO	- 0.61	RNWF
REX	- 0.53	RNWF
DNMR	- 0.39	RNWF
RNWF	- 0.36	CBNT
SNES	- 0.35	RNWF

Risk-Adjusted Indicators

There is a big difference between Industrial Pink Sheet performing well and Industrial Nanotech 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 Industrial Nanotech'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
CBNT	10.16	0.97	0.05	0.19	9.48	(26.53)	28.57	(16.67)	89.29
LHYFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNEY	4.74	(0.85)	0.00	(4.95)	0.00	0.00	9.38	(9.37)	35.71
SNES	4.68	(0.71)	0.00	(11.78)	0.00	0.00	8.60	(8.75)	36.68
DNMR	8.63	(2.31)	0.00	(0.91)	0.00	0.00	11.71	(18.64)	104.01
COWI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REX	1.23	(0.13)	0.00	(0.26)	0.00	0.00	2.51	(3.67)	9.16
GEVO	4.32	0.04	0.00	(0.03)	0.00	0.00	11.00	(7.77)	46.46
AXTA	1.40	(0.09)	0.00	(0.14)	0.00	0.00	2.13	(3.07)	12.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Industrial Nanotech 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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