Cermetek Microelectronics Correlations

CRMK Stock

USD 0.01 0.00 0.00%

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

Cermetek Microelectronics Correlation With Market

Significant diversification

The correlation between Cermetek Microelectronics and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cermetek Microelectronics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cermetek Pink Sheet

0.68	UI	Ubiquiti Networks	Pair Corr
0.71	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.71	TKC	Turkcell Iletisim	Pair Corr

Moving against Cermetek Pink Sheet

0.5	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.5	KB	KB Financial Group	Pair Corr
0.49	CSCO	Cisco Systems	Pair Corr
0.47	PBCRY	Bank Central Asia	Pair Corr
0.41	CIEN	Ciena Corp Tech Boost	Pair Corr
0.37	NOKBF	Nokia	Pair Corr
0.35	ERIC-B	Telefonaktiebolaget	Pair Corr
0.35	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.35	PBCRF	PT Bank Central	Pair Corr
0.34	BKRKF	PT Bank Rakyat	Pair Corr
0.32	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.56	SHG	Shinhan Financial	Pair Corr
0.46	TIAJF	Telecom Italia SpA	Pair Corr
0.46	DHBUF	Delivra Health Brands	Pair Corr
0.35	CVPUF	CP ALL Public	Pair Corr
0.54	CTBG	Coil Tubing Technology	Pair Corr
0.52	RDNW	RideNow Group, Symbol Change	Pair Corr
0.52	00206RAD4	ATT INC 65	Pair Corr
0.43	RAC	Rithm Acquisition Corp	Pair Corr

Related Correlations Analysis

	IZNN	TGHI	IENT	BDRL	ONCI	ALYI	VHAI	IGEN	VSST	LQAVF
IZNN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IZNN
TGHI	0.0		0.0	0.0	0.0	0.0	0.0	1.0	0.0	1.0	TGHI
IENT	0.0	0.0		-0.02	0.19	0.03	-0.02	0.0	-0.15	0.0	IENT
BDRL	0.0	0.0	-0.02		0.18	0.44	0.41	0.0	-0.2	0.0	BDRL
ONCI	0.0	0.0	0.19	0.18		0.17	0.06	0.0	-0.09	0.0	ONCI
ALYI	0.0	0.0	0.03	0.44	0.17		0.52	0.0	-0.75	0.0	ALYI
VHAI	0.0	0.0	-0.02	0.41	0.06	0.52		0.0	-0.53	0.0	VHAI
IGEN	0.0	1.0	0.0	0.0	0.0	0.0	0.0		0.0	1.0	IGEN
VSST	0.0	0.0	-0.15	-0.2	-0.09	-0.75	-0.53	0.0		0.0	VSST
LQAVF	0.0	1.0	0.0	0.0	0.0	0.0	0.0	1.0	0.0		LQAVF
	IZNN	TGHI	IENT	BDRL	ONCI	ALYI	VHAI	IGEN	VSST	LQAVF

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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

IGEN	+ 1.0	TGHI
LQAVF	+ 1.0	TGHI
LQAVF	+ 1.0	IGEN
VHAI	+ 0.52	ALYI
ALYI	+ 0.44	BDRL
VHAI	+ 0.41	BDRL

High negative correlations

VSST	- 0.75	ALYI
VSST	- 0.53	VHAI
VSST	- 0.2	BDRL
VSST	- 0.15	IENT
VSST	- 0.09	ONCI
VHAI	- 0.02	IENT

Risk-Adjusted Indicators

There is a big difference between Cermetek Pink Sheet performing well and Cermetek Microelectronics 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 Cermetek Microelectronics' 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
IZNN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IENT	20.50	6.37	0.14	2.04	14.93	(119.10)	42.86	(30.00)	473.00
BDRL	42.01	15.89	0.34	(1.26)	24.41	(95.54)	100.00	(55.56)	649.44
ONCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALYI	5.58	0.37	0.03	(0.68)	6.77	(7.43)	11.54	(13.33)	39.81
VHAI	21.18	4.50	0.11	0.73	17.73	(104.76)	100.00	(50.00)	257.14
IGEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSST	4.58	0.41	0.02	(0.29)	6.25	(21.97)	11.94	(16.85)	91.67
LQAVF	0.00	0.00	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 Cermetek Microelectronics 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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