Standard Uranium Correlations

STTDF Stock

USD 0.05 0.01 17.00%

The correlation of Standard Uranium 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.

Standard Uranium Correlation With Market

Significant diversification

The correlation between Standard Uranium and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standard Uranium and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Standard OTC Stock

0.62	PALAF	Paladin Energy	Pair Corr
0.69	OMAB	Grupo Aeroportuario del	Pair Corr
0.66	BSX	Boston Scientific Corp	Pair Corr
0.64	KGC	Kinross Gold Aggressive Push	Pair Corr

Moving against Standard OTC Stock

0.61	IDEX	Ideanomics	Pair Corr
0.41	LVCE	Livecare Corp	Pair Corr
0.36	PEV	Phoenix Motor Common	Pair Corr
0.35	SABR	Sabre Corpo	Pair Corr
0.37	172062AF8	CINCINNATI FINL P	Pair Corr
0.37	WECFF	White Energy	Pair Corr

Related Correlations Analysis

	APAAF	ANLDF	PTUUF	BNNLF	AUEEF	BSENF	ALGEF	DYLLF	ISENF	BKUCF
APAAF		-0.33	-0.21	-0.29	-0.07	0.04	0.19	0.09	-0.2	-0.39	APAAF
ANLDF	-0.33		0.43	0.8	0.4	0.41	0.43	0.7	0.8	0.53	ANLDF
PTUUF	-0.21	0.43		0.39	0.16	0.44	0.09	0.38	0.46	0.29	PTUUF
BNNLF	-0.29	0.8	0.39		0.56	0.45	0.34	0.85	0.93	0.73	BNNLF
AUEEF	-0.07	0.4	0.16	0.56		0.12	0.28	0.54	0.53	0.55	AUEEF
BSENF	0.04	0.41	0.44	0.45	0.12		0.53	0.65	0.62	0.21	BSENF
ALGEF	0.19	0.43	0.09	0.34	0.28	0.53		0.52	0.41	0.06	ALGEF
DYLLF	0.09	0.7	0.38	0.85	0.54	0.65	0.52		0.91	0.55	DYLLF
ISENF	-0.2	0.8	0.46	0.93	0.53	0.62	0.41	0.91		0.65	ISENF
BKUCF	-0.39	0.53	0.29	0.73	0.55	0.21	0.06	0.55	0.65		BKUCF
	APAAF	ANLDF	PTUUF	BNNLF	AUEEF	BSENF	ALGEF	DYLLF	ISENF	BKUCF

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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

ISENF	+ 0.93	BNNLF
ISENF	+ 0.91	DYLLF
DYLLF	+ 0.85	BNNLF
BNNLF	+ 0.8	ANLDF
ISENF	+ 0.8	ANLDF
BKUCF	+ 0.73	BNNLF

High negative correlations

BKUCF	- 0.39	APAAF
ANLDF	- 0.33	APAAF
BNNLF	- 0.29	APAAF
PTUUF	- 0.21	APAAF
ISENF	- 0.2	APAAF
AUEEF	- 0.07	APAAF

Risk-Adjusted Indicators

There is a big difference between Standard OTC Stock performing well and Standard Uranium OTC Stock 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 Standard Uranium'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
APAAF	5.17	0.70	0.11	1.59	6.23	(6.30)	12.00	(12.79)	37.33
ANLDF	5.63	0.17	0.01	0.08	7.39	(20.83)	20.00	(16.67)	45.00
PTUUF	3.96	(0.03)	0.04	(0.12)	4.22	(9.18)	13.33	(10.53)	30.51
BNNLF	3.06	(0.39)	0.00	(0.59)	0.00	0.00	6.67	(5.98)	19.48
AUEEF	3.43	(0.22)	0.02	(0.06)	5.43	(26.76)	4.44	(10.11)	65.92
BSENF	3.59	0.19	0.05	0.12	3.85	(5.14)	9.84	(6.67)	16.96
ALGEF	6.70	(0.07)	0.02	(0.11)	10.16	(15.96)	21.88	(19.66)	86.68
DYLLF	2.78	(0.29)	0.00	3.86	0.00	0.00	6.25	(5.95)	22.88
ISENF	3.07	(0.42)	0.00	(0.60)	0.00	0.00	7.07	(5.64)	22.66
BKUCF	7.01	0.22	0.03	0.35	8.85	(9.16)	20.00	(18.20)	45.00

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Our tools can tell you how much better you can do entering a position in Standard Uranium 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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