Video River Correlations

NIHK Stock  USD 0  0.0006  17.14%   
The current 90-days correlation between Video River Networks and GiveMePower Corp is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Video River moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Video River Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Video River Correlation With Market

Significant diversification

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

Moving against Video Pink Sheet

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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   
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LCLPECDP
HPILECDP
LCLPGMPW
  
High negative correlations   
DRNGECDP
DRNGGMPW
MJWLDRNG
HPILLCLP
HPILMJWL
LCLPMJWL

Risk-Adjusted Indicators

There is a big difference between Video Pink Sheet performing well and Video River 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 Video River'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Video River 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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