Silver Castle Correlations

SLCL Stock

494.10 4.50 0.90%

The correlation of Silver Castle 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.

Silver Castle Correlation With Market

Good diversification

The correlation between Silver Castle Holdings and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silver Castle Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Silver Stock

0.6	MRIN	YD More Investments	Pair Corr
0.59	MPP	More Provident Funds	Pair Corr
0.59	EMDV	Emilia Devel	Pair Corr
0.59	ANLT	Analyst IMS Investment	Pair Corr
0.57	MTDS	Meitav Dash Investments	Pair Corr
0.51	HRON	Hiron Trade Investments	Pair Corr
0.49	ILCO	Israel Corp	Pair Corr
0.47	IBI	IBI Inv House	Pair Corr
0.45	GNRS	Generation Capital	Pair Corr
0.43	MISH	Mivtach Shamir	Pair Corr
0.43	DLEKG	Delek Group	Pair Corr
0.37	ISRS	Isras Investment	Pair Corr
0.34	IGLD	Internet Gold Golden	Pair Corr
0.64	DIFI	Direct Finance TA	Pair Corr
0.6	ARAD	Arad Investment Indu	Pair Corr
0.6	MSKE	Meshek Energy Renewable	Pair Corr
0.54	STRS	Strauss Group	Pair Corr
0.51	KEN	Kenon Holdings	Pair Corr
0.5	MGDL	Migdal Insurance	Pair Corr
0.47	SLARL	Sella Real Estate	Pair Corr
0.46	RTLS	Retailors	Pair Corr
0.44	DORL	Doral Group Renewable	Pair Corr
0.42	ABRA	Abra Information Tec	Pair Corr
0.41	MVNE	Mivne Real Estate	Pair Corr
0.4	DANE	Danel	Pair Corr
0.33	ENDY	Endymed	Pair Corr

Related Correlations Analysis

	PFLT	ALTF	GNRS	MTDS	IBI	MISH	MPP	EMDV	MRIN	ANLT
PFLT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFLT
ALTF	0.0		-0.45	-0.62	-0.57	-0.59	-0.66	-0.56	-0.55	-0.63	ALTF
GNRS	0.0	-0.45		0.87	0.77	0.74	0.83	0.87	0.82	0.82	GNRS
MTDS	0.0	-0.62	0.87		0.93	0.85	0.95	0.95	0.93	0.96	MTDS
IBI	0.0	-0.57	0.77	0.93		0.95	0.83	0.81	0.81	0.96	IBI
MISH	0.0	-0.59	0.74	0.85	0.95		0.74	0.72	0.72	0.92	MISH
MPP	0.0	-0.66	0.83	0.95	0.83	0.74		0.96	0.96	0.89	MPP
EMDV	0.0	-0.56	0.87	0.95	0.81	0.72	0.96		0.93	0.89	EMDV
MRIN	0.0	-0.55	0.82	0.93	0.81	0.72	0.96	0.93		0.87	MRIN
ANLT	0.0	-0.63	0.82	0.96	0.96	0.92	0.89	0.89	0.87		ANLT
	PFLT	ALTF	GNRS	MTDS	IBI	MISH	MPP	EMDV	MRIN	ANLT

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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

ANLT	+ 0.96	MTDS
ANLT	+ 0.96	IBI
EMDV	+ 0.96	MPP
MRIN	+ 0.96	MPP
MPP	+ 0.95	MTDS
EMDV	+ 0.95	MTDS

High negative correlations

MPP	- 0.66	ALTF
ANLT	- 0.63	ALTF
MTDS	- 0.62	ALTF
MISH	- 0.59	ALTF
IBI	- 0.57	ALTF
EMDV	- 0.56	ALTF

Risk-Adjusted Indicators

There is a big difference between Silver Stock performing well and Silver Castle 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 Silver Castle'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
PFLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALTF	1.58	(0.15)	0.00	(0.84)	0.00	0.00	2.73	(3.28)	9.77
GNRS	1.80	0.11	0.05	(0.96)	2.08	(2.17)	3.76	(3.16)	16.66
MTDS	1.70	1.07	0.59	(2.78)	0.74	(2.07)	5.07	(2.50)	14.25
IBI	1.45	0.70	0.41	(1.88)	1.02	(1.80)	4.18	(1.77)	9.43
MISH	1.66	0.38	0.23	(4.60)	1.39	(2.26)	3.95	(2.01)	10.18
MPP	1.19	0.54	0.39	(0.93)	0.91	(1.43)	2.45	(2.06)	11.35
EMDV	1.27	0.42	0.32	(1.44)	0.67	(1.86)	4.40	(2.19)	9.59
MRIN	2.18	0.74	0.38	(27.61)	1.44	(2.77)	4.79	(3.30)	12.34
ANLT	1.30	1.10	1.14	(3.45)	0.00	(1.77)	4.55	(1.07)	8.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Silver Castle 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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