Appswarm Correlations

SWRM Stock  USD 0.0002  0.0001  100.00%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Appswarm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Appswarm moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Appswarm Correlation With Market

Average diversification

The correlation between Appswarm and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appswarm and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Appswarm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Appswarm 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 Appswarm - 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 Appswarm to buy it.

Moving against Appswarm Pink Sheet

  0.47CSTM Constellium NvPairCorr
  0.32BSET Bassett FurniturePairCorr
  0.51MDLZ Mondelez InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SINGCCTL
SANPCCTL
GAHCCCTL
SANPSING
NSAVSING
GAHCSING
  
High negative correlations   
NSAVCCTL
GAHCNSAV
GAHCSANP
NSAVSANP
GAHCSING
NSAVSING

Risk-Adjusted Indicators

There is a big difference between Appswarm Pink Sheet performing well and Appswarm 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 Appswarm'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Appswarm 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?

Run Stock Tickers Now

   

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
All  Next Launch Module