Spectral Cap Correlations

FCCN Stock

USD 4.08 0.08 2.00%

The current 90-days correlation between Spectral Cap Corp and Digital China Holdings is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spectral Cap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spectral Cap Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Spectral Cap Correlation With Market

Very poor diversification

The correlation between Spectral Cap Corp and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectral Cap Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Spectral OTC Stock

0.72	WF	Woori Financial Group	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.66	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.68	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.8	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against Spectral OTC Stock

0.79	PBCRY	Bank Central Asia	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.57	PBCRF	PT Bank Central	Pair Corr
0.57	MSFT	Microsoft	Pair Corr
0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.33	IBM	International Business Tech Boost	Pair Corr

Related Correlations Analysis

	APXYY	XTRAF	ALYAF	APPEF	FSOYF	QSCGF	GENTF	FDDMF	CNGFF	DCHIY
APXYY		0.11	0.34	0.71	0.0	-0.12	0.65	-0.52	0.0	-0.13	APXYY
XTRAF	0.11		0.46	-0.21	0.0	-0.04	-0.3	0.27	0.0	0.51	XTRAF
ALYAF	0.34	0.46		0.16	0.0	-0.3	-0.06	0.13	0.0	0.21	ALYAF
APPEF	0.71	-0.21	0.16		0.0	0.02	0.45	-0.4	0.0	-0.16	APPEF
FSOYF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	FSOYF
QSCGF	-0.12	-0.04	-0.3	0.02	0.0		-0.08	0.1	0.0	0.19	QSCGF
GENTF	0.65	-0.3	-0.06	0.45	0.0	-0.08		-0.77	0.0	-0.47	GENTF
FDDMF	-0.52	0.27	0.13	-0.4	0.0	0.1	-0.77		0.0	0.67	FDDMF
CNGFF	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	CNGFF
DCHIY	-0.13	0.51	0.21	-0.16	0.0	0.19	-0.47	0.67	0.0		DCHIY
	APXYY	XTRAF	ALYAF	APPEF	FSOYF	QSCGF	GENTF	FDDMF	CNGFF	DCHIY

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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

CNGFF	+ 1.0	FSOYF
APPEF	+ 0.71	APXYY
DCHIY	+ 0.67	FDDMF
GENTF	+ 0.65	APXYY
DCHIY	+ 0.51	XTRAF
ALYAF	+ 0.46	XTRAF

High negative correlations

FDDMF	- 0.77	GENTF
FDDMF	- 0.52	APXYY
DCHIY	- 0.47	GENTF
FDDMF	- 0.4	APPEF
QSCGF	- 0.3	ALYAF
GENTF	- 0.3	XTRAF

Risk-Adjusted Indicators

There is a big difference between Spectral OTC Stock performing well and Spectral Cap 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 Spectral Cap'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
APXYY	5.80	1.37	0.06	(0.43)	7.16	(18.68)	22.22	(14.81)	55.84
XTRAF	2.72	(0.44)	0.00	(0.47)	0.00	0.00	6.12	(4.44)	28.38
ALYAF	2.09	(0.02)	0.00	(0.06)	0.00	0.00	4.13	(4.00)	21.45
APPEF	4.47	2.25	0.00	(1.64)	0.00	0.00	6.00	0.00	18.96
FSOYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QSCGF	0.77	0.26	0.00	(0.53)	0.00	0.00	0.00	0.00	32.66
GENTF	0.34	0.17	0.00	(0.72)	0.00	0.00	0.00	0.00	11.46
FDDMF	0.33	(0.18)	0.00	5.89	0.00	0.00	0.00	0.00	11.11
CNGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCHIY	0.43	(0.19)	0.00	1.71	0.00	0.00	0.00	0.00	9.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Spectral Cap 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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