Procyon Correlations

PCYN Stock

USD 0.24 0.01 4.35%

The current 90-days correlation between Procyon and City View Green is -0.32 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Procyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procyon moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Procyon Correlation With Market

Good diversification

The correlation between Procyon and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procyon and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Procyon Pink Sheet

0.62

HLN

Haleon plc

Pair Corr

Moving against Procyon Pink Sheet

0.47	AAC	Ares Acquisition	Pair Corr
0.46	APAC	Stonebridge Acquisition Symbol Change	Pair Corr
0.39	VII	7GC Holdings	Pair Corr
0.34	TRCA	Twin Ridge Capital	Pair Corr
0.33	ARTE	Artemis Strategic	Pair Corr
0.62	TRT	Trio Tech International	Pair Corr
0.48	BAC	Bank of America Aggressive Push	Pair Corr
0.47	SUM	Summit Materials	Pair Corr
0.43	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.38	RCMT	RCM Technologies	Pair Corr
0.88	LIEN	Chicago Atlantic BDC, Symbol Change	Pair Corr
0.53	GM	General Motors Aggressive Push	Pair Corr
0.52	EVGR	Evergreen Corp	Pair Corr
0.48	BSIG	Brightsphere Investment	Pair Corr
0.41	DASH	DoorDash, Class A	Pair Corr
0.4	DMRC	Digimarc	Pair Corr

Related Correlations Analysis

	HYPMY	DNPUF	IZQVF	YOURF	CPIX	GNMLF	CVGRF	WIBFF	BCBCF	RAMMF
HYPMY		-0.62	-0.85	0.0	-0.54	-0.82	-0.48	0.0	-0.91	0.0	HYPMY
DNPUF	-0.62		0.63	0.0	0.44	0.73	0.44	0.0	0.64	0.0	DNPUF
IZQVF	-0.85	0.63		0.0	0.53	0.89	0.5	0.0	0.94	0.0	IZQVF
YOURF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	YOURF
CPIX	-0.54	0.44	0.53	0.0		0.57	-0.21	0.0	0.62	0.0	CPIX
GNMLF	-0.82	0.73	0.89	0.0	0.57		0.41	0.0	0.84	0.0	GNMLF
CVGRF	-0.48	0.44	0.5	0.0	-0.21	0.41		0.0	0.47	0.0	CVGRF
WIBFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	1.0	WIBFF
BCBCF	-0.91	0.64	0.94	0.0	0.62	0.84	0.47	0.0		0.0	BCBCF
RAMMF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.0		RAMMF
	HYPMY	DNPUF	IZQVF	YOURF	CPIX	GNMLF	CVGRF	WIBFF	BCBCF	RAMMF

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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

RAMMF	+ 1.0	WIBFF
BCBCF	+ 0.94	IZQVF
GNMLF	+ 0.89	IZQVF
BCBCF	+ 0.84	GNMLF
GNMLF	+ 0.73	DNPUF
BCBCF	+ 0.64	DNPUF

High negative correlations

BCBCF	- 0.91	HYPMY
IZQVF	- 0.85	HYPMY
GNMLF	- 0.82	HYPMY
DNPUF	- 0.62	HYPMY
CPIX	- 0.54	HYPMY
CVGRF	- 0.48	HYPMY

Risk-Adjusted Indicators

There is a big difference between Procyon Pink Sheet performing well and Procyon 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 Procyon'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
HYPMY	2.80	(0.56)	0.00	2.84	0.00	0.00	6.49	(7.44)	19.13
DNPUF	2.75	(2.53)	0.00	6.28	0.00	0.00	1.97	(9.83)	15.18
IZQVF	1.81	0.40	0.16	1.20	1.63	(2.53)	5.37	(3.45)	12.03
YOURF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPIX	4.90	1.49	0.35	(20.66)	3.03	(8.04)	10.38	(6.37)	107.70
GNMLF	0.52	0.25	0.00	0.81	0.00	0.00	0.00	0.00	12.39
CVGRF	3.95	0.27	0.00	0.44	0.00	0.00	0.00	0.00	157.13
WIBFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCBCF	21.05	10.42	1.08	(29.01)	3.68	(66.13)	31.93	(10.36)	425.33
RAMMF	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 Procyon 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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