New Amer Correlations

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

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
MCVTCOSG
ZIZTFCYIO
FOACOSG
KYNCCYIO
ZIZTFKYNC
FOAMCVT
  
High negative correlations   
KYNCFOA
KYNCCOSG
KYNCMCVT
CYIOCOSG
FOACYIO
ZIZTFCOSG

Risk-Adjusted Indicators

There is a big difference between New Pink Sheet performing well and New Amer 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 New Amer'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
COSG  61.73  27.76  0.00  3.53  0.00 
 0.00 
 1,100 
CYIO  7.26 (0.21) 0.00 (0.56) 0.00 
 13.41 
 37.41 
MCVT  4.69  0.28  0.05  1.72  5.34 
 13.57 
 53.86 
FOA  4.22 (0.02) 0.00 (0.02) 0.00 
 6.59 
 23.72 
KYNC  10.74  0.70  0.04 (0.51) 10.65 
 20.00 
 58.33 
NICK  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SUNL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
XSHLF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ZIZTF  3.02 (0.72) 0.00 (0.79) 0.00 
 8.79 
 26.39 

New Amer Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Amer pink sheet to make a market-neutral strategy. Peer analysis of New Amer could also be used in its relative valuation, which is a method of valuing New Amer by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in New Amer Energy?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Trending Assets

SUNL
Sunlight Financial
0.00  0.00  0.00 
MCVT
Mill City Ventures
1.95  0.15  8.33 
CYIO
CYIOS
0.01  -0.0001  -1.47 
COSG
Cosmos Group Holdings
0.0001  0.00  0.00 
ZIZTF
Zip Co Limited
1.30  -0.1  -7.14 
XSHLF
XS Financial
0.00  0.00  0.00 
FOA
Finance of America
24.56  -1.17  -4.55 
NICK
NICK Old
0.00  0.00  0.00 
KYNC
KYN Capital Group
0.0007  0.0001  16.67