Snipp Interactive Correlations
| SPN Stock | CAD 0.09 0.01 5.56% |
The current 90-days correlation between Snipp Interactive and Reklaim is -0.08 (i.e., Good diversification). The correlation of Snipp Interactive 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.
Snipp Interactive Correlation With Market
Average diversification
The correlation between Snipp Interactive and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snipp Interactive and DJI in the same portfolio, assuming nothing else is changed.
Snipp |
The ability to find closely correlated positions to Snipp Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snipp Interactive 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 Snipp Interactive - 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 Snipp Interactive to buy it.
Moving against Snipp Stock
| 0.36 | JPM | JPMorgan Chase | PairCorr |
| 0.36 | JNJ | Johnson Johnson CDR | PairCorr |
| 0.33 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.32 | VISA | Visa Inc CDR | PairCorr |
| 0.36 | AMM | Almaden Minerals | PairCorr |
| 0.35 | ATX | ATEX Resources | PairCorr |
| 0.33 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.33 | AZR | Azarga Metals Corp | PairCorr |
| 0.33 | DPM | Dundee Precious Metals | PairCorr |
Related Correlations Analysis
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Snipp Interactive Corporate Management
Elected by the shareholders, the Snipp Interactive's board of directors comprises two types of representatives: Snipp Interactive inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Snipp. The board's role is to monitor Snipp Interactive's management team and ensure that shareholders' interests are well served. Snipp Interactive's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Snipp Interactive's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christopher Cubba | Chief Officer | Profile | |
| Wayne Weng | Chief Officer | Profile | |
| Anthony Aguiar | Vice Development | Profile | |
| Tom Treanor | Chief Officer | Profile | |
| Christian Hausammann | Managing Europe | Profile |