Road King Correlations
| RKGXF Stock | USD 0.19 0.00 0.00% |
The correlation of Road King 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.
Road |
The ability to find closely correlated positions to Road King could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Road King 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 Road King - 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 Road King Infrastructure to buy it.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Road Pink Sheet performing well and Road King 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 Road King'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHI | 1.50 | (0.42) | 0.00 | (0.68) | 0.00 | 1.89 | 9.13 | |||
| LEN | 1.51 | (0.45) | 0.00 | (0.91) | 0.00 | 2.51 | 10.77 | |||
| KBH | 1.53 | (0.34) | 0.00 | (0.35) | 0.00 | 2.51 | 11.61 | |||
| TOL | 1.61 | (0.23) | 0.00 | (0.19) | 0.00 | 3.43 | 13.43 | |||
| NVR | 1.05 | (0.26) | 0.00 | (0.42) | 0.00 | 2.13 | 6.14 |