Global Battery Correlations

REZZF Stock  USD 0.02  0  22.00%   
The current 90-days correlation between Global Battery Metals and Altair International Corp is -0.01 (i.e., Good diversification). The correlation of Global Battery 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.

Global Battery Correlation With Market

Significant diversification

The correlation between Global Battery Metals 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 Global Battery Metals and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Global Battery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Battery 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 Global Battery - 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 Global Battery Metals to buy it.

Moving against Global OTC Stock

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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   
STLNFLLKKF
STLNFLMRMF
LMRMFLLKKF
STLNFJORFF
STLNFHECOF
HECOFLLKKF
  
High negative correlations   
NRGYFPMETF
PMETFATAO
HECOFATAO
PMETFJORFF

Risk-Adjusted Indicators

There is a big difference between Global OTC Stock performing well and Global Battery 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 Global Battery'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ATAO  9.95  0.10  0.01  0.22  11.18 
 25.71 
 83.91 
LLKKF  5.23 (0.82) 0.00  0.94  0.00 
 9.62 
 27.12 
JORFF  9.02  0.01  0.00  0.07  0.00 
 20.51 
 88.89 
LMRMF  4.76 (0.21) 0.00 (0.04) 0.00 
 10.00 
 34.32 
PMETF  3.75 (0.28) 0.00 (0.18) 0.00 
 6.82 
 33.90 
HECOF  9.21  0.18  0.03  0.13  10.28 
 18.87 
 77.50 
NVSGF  3.01 (0.02) 0.00  0.07  0.00 
 0.00 
 150.00 
NRGYF  33.41  16.64  0.00 (0.45) 0.00 
 0.00 
 1,000.00 
STLNF  6.71 (0.88) 0.00 (1.46) 0.00 
 12.39 
 45.97 

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