RIWI Corp Correlations
| RWCRF Stock | USD 0.45 0.02 4.26% |
The current 90-days correlation between RIWI Corp and Sparta Commercial Services is -0.1 (i.e., Good diversification). The correlation of RIWI Corp 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.
RIWI Corp Correlation With Market
Significant diversification
The correlation between RIWI Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RIWI Corp and DJI in the same portfolio, assuming nothing else is changed.
RIWI |
The ability to find closely correlated positions to RIWI Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RIWI Corp 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 RIWI Corp - 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 RIWI Corp to buy it.
Moving against RIWI Pink Sheet
| 0.55 | CDNS | Cadence Design Systems | PairCorr |
| 0.52 | SHOP | Shopify | PairCorr |
| 0.52 | APP | Applovin Corp | PairCorr |
| 0.5 | KEP | Korea Electric Power | PairCorr |
| 0.45 | INTU | Intuit Inc | PairCorr |
| 0.45 | MSTR | MicroStrategy Incorporated Buyout Trend | PairCorr |
| 0.39 | NOW | ServiceNow Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.44 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.4 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.39 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.35 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.33 | T | ATT Inc Aggressive Push | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between RIWI Pink Sheet performing well and RIWI Corp 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 RIWI Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SRCO | 5.29 | (0.35) | 0.00 | 3.24 | 0.00 | 11.11 | 41.18 | |||
| MAPPF | 3.10 | (0.56) | 0.00 | (1.38) | 0.00 | 9.09 | 29.12 | |||
| RPMT | 3.42 | 0.17 | 0.02 | 1.10 | 3.58 | 8.00 | 24.18 | |||
| RDVT | 2.03 | 0.22 | 0.15 | 0.26 | 1.63 | 5.54 | 12.29 | |||
| GBUX | 6.25 | 0.87 | 0.08 | 0.49 | 6.79 | 25.00 | 78.33 | |||
| PLUS | 1.69 | (0.44) | 0.00 | (0.09) | 0.00 | 3.43 | 25.14 | |||
| FRSH | 2.07 | 0.30 | 0.18 | 0.32 | 1.62 | 3.94 | 33.07 | |||
| GTLB | 2.28 | 0.30 | 0.18 | 0.28 | 1.90 | 5.93 | 26.58 | |||
| ZM | 1.48 | 0.16 | 0.08 | 0.29 | 1.74 | 2.97 | 12.08 | |||
| IPEU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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