Spearmint Resources Correlations

SPMTF Stock

USD 0.01 0 15.38%

The current 90-days correlation between Spearmint Resources and Decade Resources is -0.06 (i.e., Good diversification). The correlation of Spearmint Resources 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.

Spearmint Resources Correlation With Market

Significant diversification

The correlation between Spearmint Resources and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spearmint Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Spearmint Pink Sheet

0.67	GLCNF	Glencore PLC	Pair Corr
0.66	GLNCY	Glencore PLC ADR	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr

Moving against Spearmint Pink Sheet

0.79	LH	Laboratory	Pair Corr
0.78	BFAM	Bright Horizons Family	Pair Corr
0.71	RSLBF	RaySearch Laboratories	Pair Corr
0.67	PLD	Prologis	Pair Corr
0.65	UBER	Uber Technologies	Pair Corr
0.59	CYBQF	CYBERDYNE	Pair Corr
0.47	LAUR	Laureate Education	Pair Corr
0.41	GOLD	Barrick Gold Corp	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.59	T	ATT Inc	Pair Corr
0.55	PFE	Pfizer Inc	Pair Corr
0.55	IBM	International Business	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.47	JPM	JPMorgan Chase	Pair Corr
0.44	CVX	Chevron Corp	Pair Corr
0.36	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	DECXF	VDMRF	SSEBF	MSMGF	RAREF	MUNMF	NRRMF	ESVNF	VLTMF	FGOVF
DECXF		0.0	0.43	0.05	0.31	0.34	0.0	-0.13	-0.28	0.14	DECXF
VDMRF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VDMRF
SSEBF	0.43	0.0		-0.18	0.27	0.2	0.0	-0.13	-0.07	0.16	SSEBF
MSMGF	0.05	0.0	-0.18		0.37	0.05	0.0	-0.1	0.23	-0.49	MSMGF
RAREF	0.31	0.0	0.27	0.37		0.54	0.0	-0.2	0.58	-0.57	RAREF
MUNMF	0.34	0.0	0.2	0.05	0.54		0.0	-0.27	0.42	-0.21	MUNMF
NRRMF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NRRMF
ESVNF	-0.13	0.0	-0.13	-0.1	-0.2	-0.27	0.0		-0.16	0.01	ESVNF
VLTMF	-0.28	0.0	-0.07	0.23	0.58	0.42	0.0	-0.16		-0.72	VLTMF
FGOVF	0.14	0.0	0.16	-0.49	-0.57	-0.21	0.0	0.01	-0.72		FGOVF
	DECXF	VDMRF	SSEBF	MSMGF	RAREF	MUNMF	NRRMF	ESVNF	VLTMF	FGOVF

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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

VLTMF	+ 0.58	RAREF
MUNMF	+ 0.54	RAREF
SSEBF	+ 0.43	DECXF
VLTMF	+ 0.42	MUNMF
RAREF	+ 0.37	MSMGF
MUNMF	+ 0.34	DECXF

High negative correlations

FGOVF	- 0.72	VLTMF
FGOVF	- 0.57	RAREF
FGOVF	- 0.49	MSMGF
VLTMF	- 0.28	DECXF
ESVNF	- 0.27	MUNMF
FGOVF	- 0.21	MUNMF

Risk-Adjusted Indicators

There is a big difference between Spearmint Pink Sheet performing well and Spearmint Resources 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 Spearmint Resources' 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
DECXF	6.04	1.31	0.03	0.09	9.44	(20.46)	15.38	(13.33)	122.57
VDMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSEBF	7.93	0.41	0.03	(1.50)	10.82	(22.27)	22.50	(23.53)	104.63
MSMGF	4.68	0.48	0.07	16.71	5.32	(10.77)	14.89	(13.77)	51.71
RAREF	3.03	(0.07)	0.00	0.02	0.00	0.00	0.00	0.00	150.00
MUNMF	2.08	(0.27)	0.00	(2.44)	0.00	0.00	8.33	(8.33)	26.52
NRRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESVNF	581.98	297.19	5.73	(238.73)	11.78	(2,848)	30.00	(23.53)	9,999
VLTMF	2.95	(1.43)	0.00	0.42	0.00	0.00	0.00	(6.47)	63.50
FGOVF	3.98	0.43	0.09	0.25	4.20	(4.97)	8.33	(8.20)	24.70

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Our tools can tell you how much better you can do entering a position in Spearmint Resources 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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