Pond Technologies Correlations

PNDHF Stock

USD 0.01 0.0005 6.67%

The current 90-days correlation between Pond Technologies and Edible Garden AG is -0.09 (i.e., Good diversification). The correlation of Pond Technologies 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.

Pond Technologies Correlation With Market

Modest diversification

The correlation between Pond Technologies Holdings and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pond Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Pond OTC Stock

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Related Correlations Analysis

	GARPY	GCEH	EDBL	LOCL	VFF	LMNR	GLGLF	EDBLW	GARPF	APPH
GARPY		0.51	0.53	-0.43	0.41	0.57	0.0	-0.33	-0.03	0.0	GARPY
GCEH	0.51		0.67	-0.02	0.4	0.37	0.0	0.16	-0.12	0.0	GCEH
EDBL	0.53	0.67		0.04	0.5	0.28	0.0	0.31	0.02	0.0	EDBL
LOCL	-0.43	-0.02	0.04		-0.46	-0.68	0.0	0.59	-0.06	0.0	LOCL
VFF	0.41	0.4	0.5	-0.46		0.73	0.0	-0.29	0.08	0.0	VFF
LMNR	0.57	0.37	0.28	-0.68	0.73		0.0	-0.56	0.12	0.0	LMNR
GLGLF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GLGLF
EDBLW	-0.33	0.16	0.31	0.59	-0.29	-0.56	0.0		-0.16	0.0	EDBLW
GARPF	-0.03	-0.12	0.02	-0.06	0.08	0.12	0.0	-0.16		0.0	GARPF
APPH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		APPH
	GARPY	GCEH	EDBL	LOCL	VFF	LMNR	GLGLF	EDBLW	GARPF	APPH

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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

LMNR	+ 0.73	VFF
EDBL	+ 0.67	GCEH
EDBLW	+ 0.59	LOCL
LMNR	+ 0.57	GARPY
EDBL	+ 0.53	GARPY
GCEH	+ 0.51	GARPY

High negative correlations

LMNR	- 0.68	LOCL
EDBLW	- 0.56	LMNR
VFF	- 0.46	LOCL
LOCL	- 0.43	GARPY
EDBLW	- 0.33	GARPY
EDBLW	- 0.29	VFF

Risk-Adjusted Indicators

There is a big difference between Pond OTC Stock performing well and Pond Technologies 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 Pond Technologies' 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
GARPY	0.76	(0.03)	0.00	(0.27)	0.00	0.00	2.81	(0.06)	20.77
GCEH	8.62	0.66	0.05	0.60	10.47	(11.10)	15.79	(18.78)	115.21
EDBL	7.82	0.43	0.03	0.04	8.17	(12.41)	14.83	(16.67)	93.81
LOCL	4.08	0.83	0.24	(1.29)	3.63	(6.05)	6.54	(5.71)	88.92
VFF	2.71	(0.10)	0.00	(0.47)	0.00	0.00	6.76	(4.17)	20.45
LMNR	1.66	(0.42)	0.00	(0.51)	0.00	0.00	2.61	(4.40)	16.69
GLGLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EDBLW	20.21	6.92	0.36	0.82	14.31	(24.89)	58.41	(30.42)	226.73
GARPF	5.00	0.39	0.03	25.16	7.53	(18.73)	23.53	(10.53)	85.28
APPH	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 Pond Technologies 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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Pond Technologies Corporate Management

Elected by the shareholders, the Pond Technologies' board of directors comprises two types of representatives: Pond Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pond. The board's role is to monitor Pond Technologies' management team and ensure that shareholders' interests are well served. Pond Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pond Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Catherine Paisley	Accounting Administrator	Profile
CPA ACA	Chief Officer	Profile
Grant Smith	CEO Director	Profile
Dan OConnor	Chief Officer	Profile

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