Potash America Correlations

PTAM Stock

USD 0.0009 0.00 0.00%

The current 90-days correlation between Potash America and South32 Limited is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Potash America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Potash America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Potash America Correlation With Market

Significant diversification

The correlation between Potash America and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Potash America and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Potash 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 Potash 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 Potash 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 Potash America to buy it.

Moving against Potash Pink Sheet

0.39	PUTKY	United Tractors Tbk	Pair Corr
0.35	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	SHTLF	NB	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX	ID
SHTLF		-0.13	-0.6	0.46	0.0	-0.07	0.49	0.53	0.73	0.45	SHTLF
NB	-0.13		0.36	-0.54	0.0	0.25	-0.64	-0.34	0.02	-0.61	NB
444859BR2	-0.6	0.36		-0.53	0.0	0.06	-0.55	-0.54	-0.45	-0.53	444859BR2
SCRYY	0.46	-0.54	-0.53		0.0	0.14	0.57	0.48	0.34	0.73	SCRYY
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
APAAX	-0.07	0.25	0.06	0.14	0.0		-0.12	0.49	0.25	-0.06	APAAX
SCRYX	0.49	-0.64	-0.55	0.57	0.0	-0.12		0.67	0.61	0.78	SCRYX
LBHIX	0.53	-0.34	-0.54	0.48	0.0	0.49	0.67		0.68	0.55	LBHIX
MSTSX	0.73	0.02	-0.45	0.34	0.0	0.25	0.61	0.68		0.42	MSTSX
ID	0.45	-0.61	-0.53	0.73	0.0	-0.06	0.78	0.55	0.42		ID
	SHTLF	NB	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX	ID

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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

ID	+ 0.78	SCRYX
MSTSX	+ 0.73	SHTLF
ID	+ 0.73	SCRYY
MSTSX	+ 0.68	LBHIX
LBHIX	+ 0.67	SCRYX
MSTSX	+ 0.61	SCRYX

High negative correlations

SCRYX	- 0.64	NB
ID	- 0.61	NB
444859BR2	- 0.6	SHTLF
SCRYX	- 0.55	444859BR2
LBHIX	- 0.54	444859BR2
SCRYY	- 0.54	NB

Risk-Adjusted Indicators

There is a big difference between Potash Pink Sheet performing well and Potash 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 Potash 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
SHTLF	1.67	0.31	0.04	1.80	1.90	(4.95)	4.80	(5.15)	28.25
NB	3.33	(0.47)	0.00	(0.71)	0.00	0.00	5.33	(7.96)	28.43
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.29	0.08	1.93	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.35)	(0.09)	0.15	(0.18)	0.31	(0.31)	1.13
SCRYX	0.95	(0.04)	0.02	0.09	0.91	(1.09)	2.10	(1.69)	7.88
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.91	0.70	0.13	1.00	4.02	(5.25)	7.89	(6.67)	20.54

Be your own money manager

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