Weebit Nano Correlations
| WBTNF Stock | USD 1.86 0.06 3.33% |
The current 90-days correlation between Weebit Nano Limited and BrainChip Holdings is -0.07 (i.e., Good diversification). The correlation of Weebit Nano 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.
Weebit Nano Correlation With Market
Good diversification
The correlation between Weebit Nano Limited and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weebit Nano Limited and DJI in the same portfolio, assuming nothing else is changed.
Weebit |
The ability to find closely correlated positions to Weebit Nano could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Weebit Nano 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 Weebit Nano - 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 Weebit Nano Limited to buy it.
Moving together with Weebit Pink Sheet
| 0.68 | MRVL | Marvell Technology Aggressive Push | PairCorr |
| 0.8 | BFLY | Butterfly Network | PairCorr |
| 0.61 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.7 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.79 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.85 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.8 | LUNR | Intuitive Machines Buyout Trend | PairCorr |
| 0.83 | IONQ | IONQ Inc Trending | PairCorr |
| 0.85 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.67 | FUND | Sprott Focus Trust | PairCorr |
| 0.61 | INMD | InMode | PairCorr |
| 0.83 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Weebit Pink Sheet
| 0.86 | PBCRY | Bank Central Asia | PairCorr |
| 0.85 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.85 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.84 | ADI | Analog Devices | PairCorr |
| 0.82 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.75 | PTAIY | Astra International Tbk | PairCorr |
| 0.74 | AMD | Advanced Micro Devices | PairCorr |
| 0.73 | QCOM | Qualcomm Incorporated | PairCorr |
| 0.65 | PBCRF | PT Bank Central | PairCorr |
| 0.64 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.47 | ARM | Arm Holdings plc | PairCorr |
| 0.57 | IQ | iQIYI Inc | PairCorr |
| 0.46 | WETH | Wetouch Technology Common | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Weebit Pink Sheet performing well and Weebit Nano 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 Weebit Nano'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRCHF | 6.67 | 1.07 | 0.11 | (1.19) | 6.43 | 13.33 | 54.39 | |||
| AVGO | 2.31 | 0.59 | 0.28 | 0.72 | 1.64 | 5.31 | 13.22 | |||
| AMD | 1.87 | (0.34) | 0.00 | (0.23) | 0.00 | 3.56 | 16.31 | |||
| NVDA | 1.89 | 0.13 | 0.05 | 0.20 | 2.19 | 4.05 | 9.07 | |||
| SKYT | 3.11 | 0.62 | 0.16 | 1.51 | 3.24 | 5.46 | 19.27 | |||
| QCOM | 1.51 | (0.13) | 0.00 | (0.05) | 0.00 | 2.83 | 11.07 | |||
| BCHPY | 5.01 | 0.84 | 0.10 | 1.15 | 4.92 | 14.73 | 49.95 | |||
| MRAM | 2.05 | 0.18 | 0.07 | 0.21 | 2.66 | 5.45 | 15.98 | |||
| FRDSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Weebit Nano 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 Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
Weebit Nano Corporate Management
| Bus FCIS | Company Sec | Profile | |
| Eran Briman | VP Devel | Profile | |
| Jacob Hanoch | MD CEO | Profile | |
| Ishai Naveh | Chief Officer | Profile | |
| Prof Tour | Chief Advisor | Profile | |
| Yoav NissanCohen | Ex Director | Profile | |
| Alla Felder | Chief Officer | Profile |