Scientific Industries Correlations

SCND Stock

USD 0.90 0.05 5.26%

The current 90-days correlation between Scientific Industries and Mesabi Trust is 0.02 (i.e., Significant diversification). The correlation of Scientific Industries 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.

Scientific Industries Correlation With Market

Good diversification

The correlation between Scientific Industries and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scientific Industries and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Scientific OTC Stock

0.68	ESGLW	ESGL Holdings Limited	Pair Corr
0.63	RELY	Remitly Global	Pair Corr
0.59	XMTR	Xometry	Pair Corr
0.56	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.55	ZION	Zions Bancorporation Normal Trading	Pair Corr
0.5	HUT	Hut 8 Corp	Pair Corr
0.41	PWOD	Penns Woods Bancorp	Pair Corr
0.4	ZWS	Zurn Elkay Water	Pair Corr
0.35	CNOBP	ConnectOne Bancorp	Pair Corr
0.31	T	ATT Inc Aggressive Push	Pair Corr
0.66	BSGM	BioSig Technologies,	Pair Corr
0.64	GM	General Motors Aggressive Push	Pair Corr
0.61	ROIC	Retail Opportunity	Pair Corr
0.57	CIFR	Cipher Mining	Pair Corr
0.55	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.54	TGTX	TG Therapeutics	Pair Corr
0.54	GLPPRB	Global Partners LP	Pair Corr
0.53	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.52	MAR	Marriott International	Pair Corr
0.51	FNMFO	Federal National Mortgage	Pair Corr

Related Correlations Analysis

	MSB	NTNX	GTOR	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
MSB		0.5	0.55	-0.32	-0.45	0.05	0.88	-0.2	0.74	0.78	MSB
NTNX	0.5		0.01	0.09	0.05	0.28	0.44	0.15	0.14	0.72	NTNX
GTOR	0.55	0.01		-0.27	-0.46	-0.01	0.62	-0.23	0.63	0.29	GTOR
AQUI	-0.32	0.09	-0.27		0.74	0.43	-0.44	0.71	-0.62	-0.13	AQUI
MSTSX	-0.45	0.05	-0.46	0.74		0.59	-0.64	0.9	-0.8	-0.27	MSTSX
LBHIX	0.05	0.28	-0.01	0.43	0.59		-0.02	0.77	-0.27	0.23	LBHIX
VIASP	0.88	0.44	0.62	-0.44	-0.64	-0.02		-0.39	0.87	0.74	VIASP
RRTLX	-0.2	0.15	-0.23	0.71	0.9	0.77	-0.39		-0.63	-0.05	RRTLX
OSHDF	0.74	0.14	0.63	-0.62	-0.8	-0.27	0.87	-0.63		0.47	OSHDF
70082LAB3	0.78	0.72	0.29	-0.13	-0.27	0.23	0.74	-0.05	0.47		70082LAB3
	MSB	NTNX	GTOR	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.9	MSTSX
VIASP	+ 0.88	MSB
OSHDF	+ 0.87	VIASP
70082LAB3	+ 0.78	MSB
RRTLX	+ 0.77	LBHIX
OSHDF	+ 0.74	MSB

High negative correlations

OSHDF	- 0.8	MSTSX
VIASP	- 0.64	MSTSX
OSHDF	- 0.63	RRTLX
OSHDF	- 0.62	AQUI
MSTSX	- 0.46	GTOR
MSTSX	- 0.45	MSB

Risk-Adjusted Indicators

There is a big difference between Scientific OTC Stock performing well and Scientific Industries 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 Scientific Industries' 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
MSB	1.71	0.35	0.15	4.05	1.89	(1.92)	3.94	(3.17)	15.70
NTNX	1.79	0.04	0.01	0.13	2.15	(2.25)	3.95	(3.94)	13.29
GTOR	5.97	1.52	0.00	(2.31)	0.00	0.00	0.00	0.00	150.00
AQUI	2.79	(1.43)	0.00	(19.59)	0.00	0.00	0.00	0.00	93.33
MSTSX	0.54	(0.13)	0.00	7.97	0.00	0.00	1.03	(1.02)	7.08
LBHIX	0.11	(0.02)	0.00	(1.13)	0.00	0.00	0.24	(0.24)	0.94
VIASP	0.76	0.15	0.10	(1.06)	1.03	(0.87)	2.00	(1.20)	4.90
RRTLX	0.28	(0.07)	0.00	3.40	0.00	0.00	0.48	(0.56)	3.47
OSHDF	46.68	24.42	0.00	(1.47)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.67	0.11	0.08	(0.53)	0.81	(0.84)	1.78	(0.78)	6.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Scientific Industries 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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Scientific Industries Corporate Management

Elected by the shareholders, the Scientific Industries' board of directors comprises two types of representatives: Scientific Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Scientific. The board's role is to monitor Scientific Industries' management team and ensure that shareholders' interests are well served. Scientific Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Scientific Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Nichols	Executive VP and Secretary	Profile
Reginald Averilla	Chief Officer	Profile
Daniel Greunes	Chief Operations	Profile
Helena CPA	CEO and President	Profile

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