Clicks Correlations
| CLCGY Stock | USD 42.26 0.31 0.74% |
The current 90-days correlation between Clicks Group and Bidvest Group Ltd is 0.41 (i.e., Very weak diversification). The correlation of Clicks 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.
Clicks Correlation With Market
Very weak diversification
The correlation between Clicks Group and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clicks Group and DJI in the same portfolio, assuming nothing else is changed.
Clicks |
The ability to find closely correlated positions to Clicks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clicks 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 Clicks - 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 Clicks Group to buy it.
Moving against Clicks Pink Sheet
| 0.62 | 674599DE2 | Occidental Petroleum 7875 | PairCorr |
| 0.49 | AKBA | Akebia Ther Earnings Call This Week | PairCorr |
| 0.47 | WBA | Walgreens Boots Alliance | PairCorr |
| 0.46 | MSMKF | Matsumotokiyoshi Hol | PairCorr |
| 0.44 | HOLOW | MicroCloud Hologram | PairCorr |
| 0.42 | GGB | Gerdau SA ADR Earnings Call This Week | PairCorr |
| 0.4 | SNVVF | STEP Energy Services | PairCorr |
| 0.38 | INRE | Inland Real Estateome | PairCorr |
| 0.37 | DX-PC | Dynex Capital | PairCorr |
| 0.37 | BNKHF | BOC Hong Kong | PairCorr |
| 0.34 | TE | T1 Energy Symbol Change | PairCorr |
| 0.66 | NOV | NOV Inc | PairCorr |
| 0.58 | ASPC | A SPAC III | PairCorr |
| 0.57 | NTWO | Newbury Street II | PairCorr |
| 0.55 | MODV | ModivCare Earnings Call This Week | PairCorr |
| 0.52 | MP | MP Materials Corp Earnings Call This Week | PairCorr |
| 0.5 | ACXP | Acurx Pharmaceuticals LLC | PairCorr |
| 0.47 | SWISF | Sekur Private Data | PairCorr |
| 0.46 | EIFZF | Exchange Income | PairCorr |
| 0.46 | AQST | Aquestive Therapeutics | PairCorr |
Related Correlations Analysis
| 0.6 | 0.22 | 0.44 | 0.11 | BDVSY | ||
| 0.6 | 0.25 | 0.53 | 0.14 | APNHY | ||
| 0.22 | 0.25 | 0.51 | -0.04 | MRPLY | ||
| 0.44 | 0.53 | 0.51 | 0.24 | SRGHY | ||
| 0.11 | 0.14 | -0.04 | 0.24 | CSXXY | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Clicks Pink Sheet performing well and Clicks 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 Clicks' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDVSY | 1.40 | (0.06) | (0.05) | 0.16 | 1.81 | 3.13 | 8.62 | |||
| APNHY | 1.51 | (0.06) | (0.04) | 0.15 | 1.94 | 3.45 | 20.39 | |||
| MRPLY | 1.68 | (0.21) | (0.04) | 0.06 | 2.21 | 5.15 | 13.50 | |||
| SRGHY | 1.27 | (0.08) | (0.13) | 0.06 | 1.45 | 2.42 | 8.53 | |||
| CSXXY | 2.03 | 0.24 | 0.02 | 0.95 | 2.24 | 8.04 | 18.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clicks 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 Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Clicks Corporate Management
| Nina Hind | Head Fin | Profile | |
| Gordon Traill | Head of Finance | Profile | |
| LLM BProc | CEO Director | Profile | |
| Sedick Arendse | Head of Stores | Profile | |
| Christopher Tugman | Group Technology | Profile | |
| Michael CA | CFO Director | Profile | |
| Rachel Wrigglesworth | Head of Healthcare | Profile |