Mentor Capital Correlations

MNTR Stock

USD 0.05 0.01 13.83%

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 -0.02 (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

0.65

PTITF

PT Indosat Tbk

Pair Corr

Moving against Mentor OTC Stock

0.76	AXSM	Axsome Therapeutics	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.65	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.65	BAOB	Baraboo Bancorporation	Pair Corr
0.62	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.6	GS-PA	Goldman Sachs	Pair Corr
0.6	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.51	SCHW	Charles Schwab Corp Normal Trading	Pair Corr
0.47	MS-PK	Morgan Stanley	Pair Corr
0.31	GS-PD	Goldman Sachs	Pair Corr
0.31	IBKR	Interactive Brokers	Pair Corr
0.75	NVRO	Nevro Corp	Pair Corr
0.73	IBM	International Business	Pair Corr
0.7	T	ATT Inc Earnings Call This Week	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.58	VZ	Verizon Communications	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.51	DD	Dupont De Nemours	Pair Corr
0.48	TRV	The Travelers Companies	Pair Corr
0.44	CVX	Chevron Corp	Pair Corr
0.42	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	SPNNF	OZFRY	APPCF	PNPFF	GRNBF	HAON	ICOA	MEGL	TOP	ARCNF
SPNNF		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	-1.0	SPNNF
OZFRY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZFRY
APPCF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	APPCF
PNPFF	0.0	0.0	0.0		0.09	0.0	0.3	-0.47	-0.49	0.0	PNPFF
GRNBF	0.0	0.0	0.0	0.09		0.0	0.13	0.26	0.33	0.0	GRNBF
HAON	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	1.0	HAON
ICOA	0.0	0.0	0.0	0.3	0.13	0.0		0.03	0.08	0.0	ICOA
MEGL	0.0	0.0	0.0	-0.47	0.26	0.0	0.03		0.79	0.0	MEGL
TOP	0.0	0.0	0.0	-0.49	0.33	0.0	0.08	0.79		0.0	TOP
ARCNF	-1.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0		ARCNF
	SPNNF	OZFRY	APPCF	PNPFF	GRNBF	HAON	ICOA	MEGL	TOP	ARCNF

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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

ARCNF	+ 1.0	HAON
TOP	+ 0.79	MEGL
TOP	+ 0.33	GRNBF
ICOA	+ 0.3	PNPFF
MEGL	+ 0.26	GRNBF
ICOA	+ 0.13	GRNBF

High negative correlations

ARCNF	- 1.0	SPNNF
HAON	- 1.0	SPNNF
TOP	- 0.49	PNPFF
MEGL	- 0.47	PNPFF
ARCNF	- 0.0	TOP
ARCNF	- 0.0	MEGL

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPNNF	0.00	0.00	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	0.00	0.00
APPCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PNPFF	3.22	0.49	0.11	0.52	3.39	(4.21)	9.16	(6.72)	18.09
GRNBF	17.30	4.45	0.09	2.14	16.73	(75.66)	78.26	(43.94)	229.17
HAON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICOA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MEGL	4.73	(0.17)	0.00	0.74	0.00	0.00	8.70	(9.30)	78.68
TOP	2.44	(0.25)	0.00	(0.50)	0.00	0.00	5.41	(5.19)	12.57
ARCNF	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 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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