Protext Mobility Correlations

TXTM Stock

USD 0.0007 0.0001 12.50%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Protext Mobility moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Protext Mobility moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Protext Mobility Correlation With Market

Good diversification

The correlation between Protext Mobility and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Protext Mobility and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Protext Pink Sheet

0.67	PPERY	Bank Mandiri Persero	Pair Corr
0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.64	PTAIY	Astra International Tbk	Pair Corr

Moving against Protext Pink Sheet

0.65	KO	Coca Cola	Pair Corr
0.63	NVRO	Nevro Corp	Pair Corr
0.62	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.52	SSNLF	Samsung Electronics	Pair Corr
0.47	VRTX	Vertex Pharmaceuticals	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.55	CSCO	Cisco Systems	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.53	VZ	Verizon Communications	Pair Corr
0.39	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.34	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.33	PG	Procter Gamble	Pair Corr
0.33	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	LVCLF	MCET	MRES	HESG	MYMX	CELZ	RGBP	THER	ENZC
LVCLF		0.0	-0.32	0.0	0.0	0.38	-0.03	0.0	-0.39	LVCLF
MCET	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MCET
MRES	-0.32	0.0		0.0	0.0	0.08	0.12	0.0	0.57	MRES
HESG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HESG
MYMX	0.0	0.0	0.0	0.0		0.0	0.0	1.0	0.0	MYMX
CELZ	0.38	0.0	0.08	0.0	0.0		-0.19	0.0	-0.45	CELZ
RGBP	-0.03	0.0	0.12	0.0	0.0	-0.19		0.0	0.41	RGBP
THER	0.0	0.0	0.0	0.0	1.0	0.0	0.0		0.0	THER
ENZC	-0.39	0.0	0.57	0.0	0.0	-0.45	0.41	0.0		ENZC
	LVCLF	MCET	MRES	HESG	MYMX	CELZ	RGBP	THER	ENZC

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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

THER	+ 1.0	MYMX
ENZC	+ 0.57	MRES
ENZC	+ 0.41	RGBP
CELZ	+ 0.38	LVCLF
RGBP	+ 0.12	MRES
CELZ	+ 0.08	MRES

High negative correlations

ENZC	- 0.45	CELZ
ENZC	- 0.39	LVCLF
MRES	- 0.32	LVCLF
RGBP	- 0.19	CELZ
RGBP	- 0.03	LVCLF
ENZC	- 0.0	THER

Risk-Adjusted Indicators

There is a big difference between Protext Pink Sheet performing well and Protext Mobility 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 Protext Mobility'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
LVCLF	18.67	6.06	0.11	2.29	14.74	(159.90)	66.67	(26.47)	369.94
MCET	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRES	8.73	1.83	0.22	3.56	7.11	(11.65)	21.60	(10.90)	69.74
HESG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MYMX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CELZ	6.19	0.79	0.09	0.33	7.94	(6.84)	18.61	(9.85)	56.11
RGBP	12.56	0.41	0.01	0.02	13.60	(17.37)	31.09	(23.90)	96.95
THER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENZC	6.04	(0.23)	0.00	0.29	0.00	0.00	16.67	(14.29)	44.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Protext Mobility 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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