Seafarer Exploration Correlations

SFRX Stock  USD 0  0.0004  9.76%   
The current 90-days correlation between Seafarer Exploration and All American Pet is 0.03 (i.e., Significant diversification). The correlation of Seafarer Exploration 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Seafarer Exploration Correlation With Market

Significant diversification

The correlation between Seafarer Exploration and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Exploration and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Seafarer Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seafarer Exploration 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 Seafarer Exploration - 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 Seafarer Exploration to buy it.

Moving together with Seafarer Pink Sheet

  0.73PBCRF PT Bank CentralPairCorr
  0.87DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.63MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.67CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.7VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.8JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr

Moving against Seafarer Pink Sheet

  0.8GOOGL Alphabet Class A Aggressive PushPairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.67WMT Walmart Aggressive PushPairCorr
  0.58DIS Walt DisneyPairCorr
  0.55JPM JPMorgan Chase Earnings Call This WeekPairCorr
  0.52T ATT Inc Sell-off TrendPairCorr
  0.48CICHF China Construction BankPairCorr
  0.43BAC Bank of America Earnings Call This WeekPairCorr
  0.42MSFT MicrosoftPairCorr

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   
SMXTISI
LICNDLHC
CVEODLHC
LICNCVEO
TISICVEO
LICNTISI
  
High negative correlations   
CASSOMEX
NTIPAAPT
SMXCASS
OMEXAAPT
CVEONTIP
LICNNTIP

Risk-Adjusted Indicators

There is a big difference between Seafarer Pink Sheet performing well and Seafarer Exploration 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 Seafarer Exploration'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
AAPT  32.83  13.83  0.00  0.23  0.00 
 0.00 
 100.00 
OMEX  7.18  0.84  0.08  2.05  8.72 
 20.00 
 107.04 
NTIP  1.75  0.07  0.02  0.72  2.28 
 3.20 
 11.08 
DLHC  1.97 (0.17) 0.00 (0.16) 0.00 
 4.35 
 15.19 
FA  1.56 (0.19) 0.00  4.06  0.00 
 3.63 
 10.13 
CASS  1.21  0.00 (0.01)(0.01) 1.63 
 2.78 
 11.01 
CVEO  1.35 (0.28) 0.00 (0.68) 0.00 
 2.11 
 9.73 
TISI  5.29 (0.21) 0.00 (0.12) 0.00 
 9.65 
 50.70 
SMX  13.73 (0.37) 0.00  0.08  0.00 
 59.09 
 162.33 
LICN  7.34 (2.37) 0.00 (2.58) 0.00 
 7.96 
 91.53 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seafarer Exploration 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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