Sharc International Correlations

IWIA Stock

EUR 0.05 0.0005 1.11%

The current 90-days correlation between Sharc International and Nordic Semiconductor ASA is 0.04 (i.e., Significant diversification). The correlation of Sharc International 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.

Sharc International Correlation With Market

Average diversification

The correlation between Sharc International Systems and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharc International Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sharc Stock

0.9	KWI	Kurita Water Industries	Pair Corr
0.9	KWI0	KURITA WTR INDUNSPADR	Pair Corr
0.85	FSG	Federal Signal	Pair Corr
0.9	1MS	Munters Group AB	Pair Corr
0.89	18RA	Select Energy Services	Pair Corr
0.88	WCE	CECO Environmental Corp	Pair Corr
0.85	3J8	JPM INDIAN INVT	Pair Corr
0.68	74F	LIFE BANC SPLIT	Pair Corr

Moving against Sharc Stock

0.88	KONN	Komercn banka as	Pair Corr
0.84	GIS	General Mills	Pair Corr
0.8	BY6A	BYD Limited	Pair Corr
0.77	BRH	Berkshire Hathaway	Pair Corr
0.72	SOBA	ATT Inc	Pair Corr
0.7	68C	CHINA CH VENT	Pair Corr
0.69	PKX	POSCO Holdings	Pair Corr
0.65	XTP	Sino AG	Pair Corr
0.56	6BW	BW ENERGY LTD	Pair Corr
0.55	ROM	Rohm Co	Pair Corr
0.42	SG9	Strix Group Plc	Pair Corr
0.42	NMM	Newmont	Pair Corr
0.95	TKA	thyssenkrupp AG	Pair Corr
0.94	5TP	BLUE LABEL	Pair Corr
0.92	BSN	Danone SA	Pair Corr
0.9	JYS1	JYSKE BANK	Pair Corr
0.87	3RE	Rejlerkoncernen AB	Pair Corr
0.83	ROI	Rosenbauer International	Pair Corr
0.81	DBPE	Xtrackers LevDAX	Pair Corr
0.79	AG9	ACTIA GROUP SA	Pair Corr
0.77	B4B3	Metro AG	Pair Corr
0.77	VOL3	VOLVO -A-	Pair Corr
0.74	PEH	PEH WERTPAPIER	Pair Corr
0.69	TLLB	Trelleborg AB	Pair Corr
0.64	KGHA	KGHM Polska Miedz	Pair Corr
0.64	E908	Lyxor 1	Pair Corr
0.62	KEI	KEISEI EL RAILWAY Split	Pair Corr

Related Correlations Analysis

	N0S	RYQ	TP3	EZM	ELG	AP2	EZM
N0S		-0.46	0.19	0.29	-0.25	-0.25	0.4	N0S
RYQ	-0.46		-0.3	0.23	0.51	0.73	0.13	RYQ
TP3	0.19	-0.3		0.23	0.35	0.11	0.24	TP3
EZM	0.29	0.23	0.23		0.52	0.42	0.78	EZM
ELG	-0.25	0.51	0.35	0.52		0.67	0.37	ELG
AP2	-0.25	0.73	0.11	0.42	0.67		0.34	AP2
EZM	0.4	0.13	0.24	0.78	0.37	0.34		EZM
	N0S	RYQ	TP3	EZM	ELG	AP2	EZM

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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

EZM	+ 0.78	EZM
AP2	+ 0.73	RYQ
AP2	+ 0.67	ELG
ELG	+ 0.52	EZM
ELG	+ 0.51	RYQ
AP2	+ 0.42	EZM

High negative correlations

RYQ	- 0.46	N0S
TP3	- 0.3	RYQ
AP2	- 0.25	N0S
ELG	- 0.25	N0S

Risk-Adjusted Indicators

There is a big difference between Sharc Stock performing well and Sharc International 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 Sharc International'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
N0S	1.79	0.55	0.22	1.55	1.97	(1.96)	3.13	(3.53)	31.09
RYQ	2.68	(0.53)	0.00	(1.01)	0.00	0.00	4.03	(5.70)	31.31
TP3	0.90	0.11	0.08	1.38	0.96	(1.47)	2.46	(1.98)	10.54
EZM	2.01	0.06	0.02	0.80	2.57	(2.62)	5.93	(3.95)	19.25
ELG	2.01	0.04	0.01	(0.07)	2.28	(2.33)	5.23	(3.91)	17.71
AP2	2.22	(0.17)	0.00	(0.21)	0.00	0.00	4.14	(4.84)	14.72
EZM	1.78	0.02	0.01	0.05	2.12	(2.13)	5.59	(3.70)	13.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sharc International 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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Sharc International Corporate Management

Elected by the shareholders, the Sharc International's board of directors comprises two types of representatives: Sharc International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sharc. The board's role is to monitor Sharc International's management team and ensure that shareholders' interests are well served. Sharc International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sharc International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mike Tanyi	Director IT	Profile
Matt CPA	Chief Officer	Profile
Jodi Guthrie	Director Sales	Profile
Hanspaul Pannu	CFO Sec	Profile
John Williams	Advisor	Profile

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