White River Correlations

The correlation of White River 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.

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

Moving together with White OTC Stock

0.61	RIG	Transocean	Pair Corr
0.69	HP	Helmerich and Payne	Pair Corr
0.72	DO	Diamond Offshore Drilling	Pair Corr
0.84	KB	KB Financial Group	Pair Corr
0.74	SHG	Shinhan Financial	Pair Corr

Moving against White OTC Stock

0.51	MZHOF	Mizuho Financial	Pair Corr
0.43	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.4	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.4	MFG	Mizuho Financial	Pair Corr
0.36	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.35	SOC	Sable Offshore Corp Symbol Change	Pair Corr
0.34	YZCFF	Sinopec Oilfield Service	Pair Corr
0.31	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.78	JPHLF	Japan Post Holdings	Pair Corr
0.76	GOOGL	Alphabet Class A	Pair Corr
0.69	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.69	AAPL	Apple Inc	Pair Corr
0.68	FSLY	Fastly Inc	Pair Corr
0.63	PSTG	Pure Storage	Pair Corr
0.48	TDUP	ThredUp	Pair Corr
0.47	BKSY	Blacksky Technology	Pair Corr
0.44	SHOP	Shopify	Pair Corr
0.43	EQIX	Equinix	Pair Corr
0.41	DIS	Walt Disney	Pair Corr
0.38	RITM-PC	Rithm Capital Corp	Pair Corr
0.38	EHGO	Eshallgo Class A	Pair Corr

Related Correlations Analysis

	VLERF	PSHIF	SHASF	HPMCF	SDTTU	RGPMF	GUKYF	IPXHY	CEIEF	MEOAF
VLERF		-0.5	0.83	0.58	0.0	0.0	0.56	-0.59	0.44	-0.58	VLERF
PSHIF	-0.5		-0.65	-0.42	0.0	0.0	-0.32	0.77	0.27	0.32	PSHIF
SHASF	0.83	-0.65		0.62	0.0	0.0	0.67	-0.61	0.25	-0.44	SHASF
HPMCF	0.58	-0.42	0.62		0.0	0.0	0.56	-0.43	0.0	0.01	HPMCF
SDTTU	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SDTTU
RGPMF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RGPMF
GUKYF	0.56	-0.32	0.67	0.56	0.0	0.0		-0.26	0.32	-0.21	GUKYF
IPXHY	-0.59	0.77	-0.61	-0.43	0.0	0.0	-0.26		0.15	0.36	IPXHY
CEIEF	0.44	0.27	0.25	0.0	0.0	0.0	0.32	0.15		-0.26	CEIEF
MEOAF	-0.58	0.32	-0.44	0.01	0.0	0.0	-0.21	0.36	-0.26		MEOAF
	VLERF	PSHIF	SHASF	HPMCF	SDTTU	RGPMF	GUKYF	IPXHY	CEIEF	MEOAF

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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

SHASF	+ 0.83	VLERF
IPXHY	+ 0.77	PSHIF
GUKYF	+ 0.67	SHASF
HPMCF	+ 0.62	SHASF
HPMCF	+ 0.58	VLERF
GUKYF	+ 0.56	VLERF

High negative correlations

SHASF	- 0.65	PSHIF
IPXHY	- 0.61	SHASF
IPXHY	- 0.59	VLERF
MEOAF	- 0.58	VLERF
PSHIF	- 0.5	VLERF
MEOAF	- 0.44	SHASF

Risk-Adjusted Indicators

There is a big difference between White OTC Stock performing well and White River 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 White River'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
VLERF	2.99	0.69	0.21	2.80	2.83	(3.73)	6.23	(5.09)	21.15
PSHIF	1.26	(0.23)	0.00	(0.57)	0.00	0.00	3.57	(3.57)	16.52
SHASF	3.38	1.08	0.00	0.91	0.00	0.00	14.29	(11.11)	32.50
HPMCF	2.31	(0.10)	0.00	0.17	0.00	0.00	7.14	(5.56)	40.48
SDTTU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGPMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GUKYF	2.12	0.33	0.09	(0.41)	2.01	(3.99)	5.70	(4.42)	27.76
IPXHY	1.12	(0.24)	0.00	3.30	0.00	0.00	1.84	(2.35)	5.77
CEIEF	1.14	0.04	0.01	(0.27)	1.46	(4.18)	5.36	(3.45)	14.89
MEOAF	3.79	(1.96)	0.00	2.43	0.00	0.00	0.00	0.00	83.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in White River 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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