Sincerity Applied Correlations

SINC Stock

USD 0.0005 0.0001 16.67%

The current 90-days correlation between Sincerity Applied and Crown Electrokinetics Corp is -0.13 (i.e., Good diversification). The correlation of Sincerity Applied 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.

Sincerity Applied Correlation With Market

Good diversification

The correlation between Sincerity Applied Materials and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sincerity Applied Materials and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sincerity Pink Sheet

0.64	PPERF	Bank Mandiri Persero	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	PBCRF	PT Bank Central	Pair Corr
0.68	PBCRY	Bank Central Asia	Pair Corr

Moving against Sincerity Pink Sheet

0.74	AIQUY	Air Liquide SA	Pair Corr
0.73	AIQUF	LAir Liquide SA	Pair Corr
0.68	ECL	Ecolab Inc	Pair Corr
0.64	SKFOF	Sika AG	Pair Corr
0.64	SXYAY	Sika AG ADR	Pair Corr
0.56	EC	Ecopetrol SA ADR	Pair Corr
0.55	GVDNY	Givaudan SA ADR	Pair Corr
0.52	DD	Dupont De Nemours	Pair Corr
0.83	MCD	McDonalds	Pair Corr
0.79	KO	Coca Cola Sell-off Trend	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.65	WM	Waste Management	Pair Corr
0.61	IBM	International Business	Pair Corr
0.51	GE	GE Aerospace	Pair Corr
0.44	MMM	3M Company	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	CRKN	GEVI	CMT	BCPC	NEU
CRKN		-0.69	0.84	-0.34	-0.45	CRKN
GEVI	-0.69		-0.48	0.47	0.39	GEVI
CMT	0.84	-0.48		-0.35	-0.45	CMT
BCPC	-0.34	0.47	-0.35		0.76	BCPC
NEU	-0.45	0.39	-0.45	0.76		NEU
	CRKN	GEVI	CMT	BCPC	NEU

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CMT	+ 0.84	CRKN
NEU	+ 0.76	BCPC
BCPC	+ 0.47	GEVI
NEU	+ 0.39	GEVI

High negative correlations

GEVI	- 0.69	CRKN
CMT	- 0.48	GEVI
NEU	- 0.45	CMT
NEU	- 0.45	CRKN
BCPC	- 0.35	CMT
BCPC	- 0.34	CRKN

Risk-Adjusted Indicators

There is a big difference between Sincerity Pink Sheet performing well and Sincerity Applied 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 Sincerity Applied'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
CRKN	6.65	(3.33)	0.00	(10.05)	0.00	0.00	8.33	(15.73)	83.79
GEVI	7.04	1.55	0.17	(0.74)	7.03	(8.50)	19.23	(12.68)	49.66
CMT	1.73	(0.10)	0.00	(0.09)	0.00	0.00	3.09	(3.92)	8.97
BCPC	1.07	(0.08)	0.00	(0.09)	0.00	0.00	2.08	(2.48)	7.75
NEU	1.24	0.04	0.02	0.06	1.74	(1.16)	2.82	(2.68)	9.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sincerity Applied 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.

Did you try this?

Run Piotroski F Score Now

Piotroski F Score

Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC