Rosinbomb Correlations

ROSN Stock

USD 0.01 0 21.95%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rosinbomb moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rosinbomb moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rosinbomb Correlation With Market

Average diversification

The correlation between Rosinbomb and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rosinbomb and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rosinbomb Pink Sheet

0.89	GE	GE Aerospace	Pair Corr
0.78	SMAWF	Siemens AG Class	Pair Corr
0.89	EC	Ecopetrol SA ADR	Pair Corr
0.65	COST	Costco Wholesale Corp	Pair Corr
0.66	RSLBF	RaySearch Laboratories	Pair Corr
0.77	LH	Laboratory	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.85	T	ATT Inc	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.82	MMM	3M Company	Pair Corr

Moving against Rosinbomb Pink Sheet

0.8	ETN	Eaton PLC	Pair Corr
0.8	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.76	PPERF	Bank Mandiri Persero	Pair Corr
0.73	PTAIY	Astra International Tbk	Pair Corr
0.7	TLK	Telkom Indonesia Tbk	Pair Corr
0.58	BKRKY	Bank Rakyat	Pair Corr
0.37	EMR	Emerson Electric	Pair Corr
0.33	SBGSY	Schneider Electric	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.38	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	TPCFF	NLLSY	WEGRY	GTECW	NLLSF	NXHSF	DFKCY	ITMPF	CRAWA	CGRN
TPCFF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TPCFF
NLLSY	0.0		-0.4	0.0	0.8	-0.57	-0.04	0.16	0.0	0.0	NLLSY
WEGRY	0.0	-0.4		0.0	-0.45	0.65	0.49	-0.59	0.0	0.0	WEGRY
GTECW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GTECW
NLLSF	0.0	0.8	-0.45	0.0		-0.51	-0.02	0.2	0.0	0.0	NLLSF
NXHSF	0.0	-0.57	0.65	0.0	-0.51		0.6	-0.55	0.0	0.0	NXHSF
DFKCY	0.0	-0.04	0.49	0.0	-0.02	0.6		-0.79	0.0	0.0	DFKCY
ITMPF	0.0	0.16	-0.59	0.0	0.2	-0.55	-0.79		0.0	0.0	ITMPF
CRAWA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CRAWA
CGRN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CGRN
	TPCFF	NLLSY	WEGRY	GTECW	NLLSF	NXHSF	DFKCY	ITMPF	CRAWA	CGRN

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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

NLLSF	+ 0.8	NLLSY
NXHSF	+ 0.65	WEGRY
DFKCY	+ 0.6	NXHSF
DFKCY	+ 0.49	WEGRY
ITMPF	+ 0.2	NLLSF
ITMPF	+ 0.16	NLLSY

High negative correlations

ITMPF	- 0.79	DFKCY
ITMPF	- 0.59	WEGRY
NXHSF	- 0.57	NLLSY
ITMPF	- 0.55	NXHSF
NXHSF	- 0.51	NLLSF
NLLSF	- 0.45	WEGRY

Risk-Adjusted Indicators

There is a big difference between Rosinbomb Pink Sheet performing well and Rosinbomb 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 Rosinbomb'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
TPCFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NLLSY	2.29	0.40	0.08	(0.46)	2.54	(15.56)	0.69	(3.82)	29.08
WEGRY	1.39	0.16	0.09	0.10	1.59	(1.66)	3.17	(2.59)	8.33
GTECW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NLLSF	5.02	0.18	0.04	(0.41)	6.39	(7.16)	10.00	(9.52)	42.86
NXHSF	5.20	1.57	0.09	2.62	5.84	(18.70)	22.22	(9.86)	77.50
DFKCY	1.61	0.13	0.14	(0.79)	1.74	(2.00)	2.77	(2.54)	16.12
ITMPF	3.63	(0.19)	0.00	(0.49)	0.00	0.00	7.14	(6.82)	17.81
CRAWA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CGRN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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