Parks America Correlations

PRKA Stock

USD 0.44 0.01 2.33%

The current 90-days correlation between Parks America and Live Ventures is -0.09 (i.e., Good diversification). The correlation of Parks America 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.

Parks America Correlation With Market

Significant diversification

The correlation between Parks America 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 Parks America and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Parks Pink Sheet

0.45	EC	Ecopetrol SA ADR	Pair Corr
0.32	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.31	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	ARHS	FND	LIVE	T	VZ	HPQ	GE	CAT	WMT
ARHS		0.82	0.73	-0.28	0.56	-0.55	0.23	-0.41	-0.15	ARHS
FND	0.82		0.66	-0.29	0.81	-0.37	0.38	-0.17	-0.17	FND
LIVE	0.73	0.66		-0.74	0.51	-0.59	0.39	-0.6	-0.7	LIVE
T	-0.28	-0.29	-0.74		-0.2	0.19	-0.58	0.38	0.94	T
VZ	0.56	0.81	0.51	-0.2		-0.25	0.51	-0.08	-0.13	VZ
HPQ	-0.55	-0.37	-0.59	0.19	-0.25		0.23	0.68	0.15	HPQ
GE	0.23	0.38	0.39	-0.58	0.51	0.23		0.2	-0.53	GE
CAT	-0.41	-0.17	-0.6	0.38	-0.08	0.68	0.2		0.4	CAT
WMT	-0.15	-0.17	-0.7	0.94	-0.13	0.15	-0.53	0.4		WMT
	ARHS	FND	LIVE	T	VZ	HPQ	GE	CAT	WMT

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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

WMT	+ 0.94	T
FND	+ 0.82	ARHS
VZ	+ 0.81	FND
LIVE	+ 0.73	ARHS
CAT	+ 0.68	HPQ
LIVE	+ 0.66	FND

High negative correlations

T	- 0.74	LIVE
WMT	- 0.7	LIVE
CAT	- 0.6	LIVE
HPQ	- 0.59	LIVE
GE	- 0.58	T
HPQ	- 0.55	ARHS

Risk-Adjusted Indicators

There is a big difference between Parks Pink Sheet performing well and Parks America 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 Parks America'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
ARHS	2.48	(0.17)	0.00	(0.03)	0.00	0.00	6.36	(5.79)	19.97
FND	1.79	0.04	(0.02)	(0.51)	2.26	(1.95)	4.11	(3.75)	12.54
LIVE	2.92	(0.79)	0.00	(1.74)	0.00	0.00	6.01	(5.86)	16.34
T	0.97	0.15	0.06	2.52	1.02	(1.08)	2.36	(1.99)	6.74
VZ	0.85	(0.04)	0.00	(0.65)	0.00	0.00	1.91	(2.05)	6.33
HPQ	1.45	0.00	0.00	0.09	2.72	(1.33)	2.30	(3.09)	14.73
GE	1.33	(0.12)	0.00	(0.02)	0.00	0.00	2.85	(2.43)	14.10
CAT	1.28	0.02	0.06	0.10	1.23	(1.34)	3.36	(2.13)	12.38
WMT	0.83	0.25	0.14	3.31	0.92	(0.93)	1.70	(1.82)	4.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Parks America 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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