Jammin Java Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jammin Java moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jammin Java Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
The ability to find closely correlated positions to Jammin Java could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jammin Java 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 Jammin Java - 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 Jammin Java Corp to buy it.

Moving against Jammin Pink Sheet

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  0.57BAC Bank of AmericaPairCorr
  0.56JPM JPMorgan ChasePairCorr
  0.56PFE Pfizer Inc Aggressive PushPairCorr
  0.55CAT CaterpillarPairCorr
  0.51AXP American ExpressPairCorr
  0.51BA Boeing Earnings Call This WeekPairCorr
  0.5CVX Chevron Corp Earnings Call This WeekPairCorr
  0.44AA Alcoa CorpPairCorr
  0.42PTC PTC Inc Earnings Call This WeekPairCorr
  0.4MMM 3M CompanyPairCorr
  0.39T ATT Inc Aggressive PushPairCorr
  0.36F Ford Motor Earnings Call This WeekPairCorr
  0.33IVZ Invesco PlcPairCorr

Related Correlations Analysis

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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   
HVCWGNCP
MSPCMDCN
GNCPMDCN
HVCWMDCN
GNCPMSPC
HVCWMSPC
  
High negative correlations   
XHGMSPC
XHGMDCN
HVCWXHG
GNCPXHG
HVCWMSPC
GNCPMSPC

Risk-Adjusted Indicators

There is a big difference between Jammin Pink Sheet performing well and Jammin Java 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 Jammin Java'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jammin Java 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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