Mentor Capital Correlations

MNTR Stock  USD 0.05  0.01  16.67%   
The current 90-days correlation between Mentor Capital and ICOA Inc is 0.15 (i.e., Average diversification). The correlation of Mentor Capital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Mentor Capital Correlation With Market

Good diversification

The correlation between Mentor Capital and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mentor Capital and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Mentor Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mentor Capital 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 Mentor Capital - 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 Mentor Capital to buy it.

Moving together with Mentor OTC Stock

  0.64U4R90AAB4 HLF 4875 01PairCorr

Moving against Mentor OTC Stock

  0.67SCHW Charles Schwab CorpPairCorr
  0.64IBKR Interactive BrokersPairCorr
  0.6MS-PA Morgan StanleyPairCorr
  0.6COST Costco Wholesale CorpPairCorr
  0.53MS-PK Morgan StanleyPairCorr
  0.52GS Goldman Sachs GroupPairCorr
  0.51MS Morgan StanleyPairCorr
  0.51GS-PA Goldman SachsPairCorr
  0.47AXIL AXIL Brands,PairCorr
  0.47MCD McDonaldsPairCorr
  0.41BLAGF Blue Lagoon ResourcesPairCorr
  0.39GS-PD Goldman SachsPairCorr
  0.36PLTR Palantir TechnologiesPairCorr
  0.34APP Applovin CorpPairCorr
  0.63WPM Wheaton Precious MetalsPairCorr
  0.61KOREF KORE MiningPairCorr
  0.59AAVMY ABN AMRO BankPairCorr
  0.55KO Coca ColaPairCorr
  0.54T ATT Inc Aggressive PushPairCorr
  0.49YUM Yum BrandsPairCorr
  0.48ATRC AtriCurePairCorr
  0.46PINS PinterestPairCorr
  0.46HWM Howmet AerospacePairCorr
  0.43GPI Group 1 AutomotivePairCorr
  0.42AGI Alamos GoldPairCorr
  0.41GRABW Grab Holdings LimitedPairCorr
  0.39TCTZF Tencent HoldingsPairCorr

Related Correlations Analysis

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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   
OZFRYSPNNF
ARCNFPNPFF
TOPPNPFF
TOPMEGL
ARCNFTOP
ARCNFGRNBF
  
High negative correlations   
HAONOZFRY
HAONSPNNF
TOPICOA
MEGLPNPFF
ARCNFMEGL
ARCNFHAON

Risk-Adjusted Indicators

There is a big difference between Mentor OTC Stock performing well and Mentor Capital OTC Stock 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 Mentor Capital'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SPNNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
OZFRY  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
APPCF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PNPFF  3.77  0.39  0.07  0.21  4.50 
 9.16 
 20.53 
GRNBF  22.45  5.71  0.12  9.77  19.45 
 82.22 
 229.17 
HAON  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ICOA  95.33  46.75  0.00  11.84  0.00 
 0.00 
 1,100 
MEGL  4.73 (0.12) 0.00  0.19  0.00 
 8.70 
 78.68 
TOP  2.31 (0.34) 0.00 (4.32) 0.00 
 5.41 
 15.28 
ARCNF  2.77 (1.46) 0.00  0.74  0.00 
 0.00 
 90.00 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mentor Capital 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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