Celtic Plc Correlations

CLTFF Stock

USD 2.55 0.04 1.59%

The current 90-days correlation between Celtic plc and Cogstate Limited is -0.03 (i.e., Good diversification). The correlation of Celtic Plc 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.

Celtic Plc Correlation With Market

Average diversification

The correlation between Celtic plc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celtic plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Celtic Pink Sheet

0.64	DIS	Walt Disney	Pair Corr
0.8	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.64	FWONK	Liberty Media	Pair Corr
0.61	FWONA	Liberty Media	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call Next Week	Pair Corr
0.66	BA	Boeing Earnings Call Next Week	Pair Corr
0.77	AXP	American Express	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.62	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.69	MSFT	Microsoft Aggressive Push	Pair Corr
0.79	INTC	Intel Earnings Call This Week	Pair Corr
0.7	MMM	3M Company	Pair Corr

Moving against Celtic Pink Sheet

0.6	MCD	McDonalds	Pair Corr
0.55	PG	Procter Gamble Earnings Call Next Week	Pair Corr
0.33	VZ	Verizon Communications Aggressive Push	Pair Corr
0.33	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	TRMNF	GULDF	NETWF	OAMCF	BORUF	JVTSF	ALSSF	COGZF
TRMNF		0.76	0.37	0.14	0.48	0.31	0.55	0.82	TRMNF
GULDF	0.76		0.59	0.16	0.7	0.38	0.63	0.7	GULDF
NETWF	0.37	0.59		0.12	0.85	0.52	0.44	0.33	NETWF
OAMCF	0.14	0.16	0.12		0.27	-0.12	0.1	0.16	OAMCF
BORUF	0.48	0.7	0.85	0.27		0.39	0.53	0.48	BORUF
JVTSF	0.31	0.38	0.52	-0.12	0.39		0.16	0.07	JVTSF
ALSSF	0.55	0.63	0.44	0.1	0.53	0.16		0.48	ALSSF
COGZF	0.82	0.7	0.33	0.16	0.48	0.07	0.48		COGZF
	TRMNF	GULDF	NETWF	OAMCF	BORUF	JVTSF	ALSSF	COGZF

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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

BORUF	+ 0.85	NETWF
COGZF	+ 0.82	TRMNF
GULDF	+ 0.76	TRMNF
BORUF	+ 0.7	GULDF
COGZF	+ 0.7	GULDF
ALSSF	+ 0.63	GULDF

High negative correlations

JVTSF

- 0.12

OAMCF

Risk-Adjusted Indicators

There is a big difference between Celtic Pink Sheet performing well and Celtic Plc 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 Celtic Plc'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
TRMNF	20.67	11.62	0.00	(0.71)	0.00	0.00	20.00	0.00	360.55
GULDF	159.60	91.71	0.00	(1.19)	0.00	0.00	6.17	0.00	5,357
NETWF	4.36	1.63	0.09	(2.67)	4.55	(11.15)	17.10	(8.33)	44.60
OAMCF	6.13	0.48	0.04	0.48	7.16	(12.59)	23.53	(14.29)	58.33
BORUF	1.97	0.63	0.07	(1.74)	1.78	(7.10)	8.00	(4.23)	19.90
JVTSF	2.45	0.61	0.04	(0.34)	3.12	(7.79)	6.61	(5.28)	37.65
ALSSF	2.13	0.45	0.05	(4.78)	2.48	(5.16)	6.82	(5.82)	24.87
COGZF	1.42	0.00	0.03	0.00	1.77	(4.22)	3.66	(3.45)	33.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Celtic Plc 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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