Snipp Interactive Correlations
| SPN Stock | CAD 0.07 0.00 0.00% |
The current 90-days correlation between Snipp Interactive and Reklaim is -0.02 (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 0.1 (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 together with Snipp Stock
| 0.75 | AAPL | Apple Inc CDR | PairCorr |
| 0.77 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.62 | GOOG | Alphabet CDR | PairCorr |
| 0.74 | AVGO | Broadcom | PairCorr |
Moving against Snipp Stock
| 0.77 | H | Hydro One | PairCorr |
| 0.76 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.66 | DOL | Dollarama | PairCorr |
| 0.63 | OGD | Orbit Garant Drilling | PairCorr |
| 0.63 | SMD | Strategic Metals | PairCorr |
| 0.56 | PPL | Pembina Pipeline Corp | PairCorr |
| 0.56 | SM | Sierra Madre Gold | PairCorr |
| 0.44 | LLY | Eli Lilly | PairCorr |
| 0.33 | VCU | Vizsla Copper Corp | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Snipp Interactive 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?
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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 |