Labor Smart Correlations

LTNC Stock

USD 0.0002 0.0001 100.00%

The correlation of Labor Smart 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.

Labor Smart Correlation With Market

Pay attention - limited upside

The correlation between Labor Smart and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Labor Smart and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Labor Pink Sheet

0.87	PBCRY	Bank Central Asia	Pair Corr
0.64	PTAIF	PT Astra International	Pair Corr

Moving against Labor Pink Sheet

0.9	DD	Dupont De Nemours	Pair Corr
0.89	OCANF	OceanaGold	Pair Corr
0.87	NNBR	NN Inc Earnings Call Tomorrow	Pair Corr
0.83	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.83	F-PC	Ford Motor	Pair Corr
0.83	JBHT	JB Hunt Transport	Pair Corr
0.83	RYSKF	Reysas Tasimacilik	Pair Corr
0.78	SHEL	Shell PLC ADR	Pair Corr
0.77	CGXEF	CGX Energy	Pair Corr
0.76	OZKAP	Bank Ozk Preferred	Pair Corr
0.75	BKRKY	Bank Rakyat	Pair Corr
0.63	PFBX	Peoples Financial Corp	Pair Corr
0.57	LUNR	Intuitive Machines	Pair Corr
0.54	DLVHF	Delivery Hero SE	Pair Corr
0.48	SVMRF	Magnora ASA	Pair Corr
0.47	FGPHF	First Graphene	Pair Corr
0.46	PPERY	Bank Mandiri Persero	Pair Corr
0.37	NVDA	NVIDIA	Pair Corr
0.9	AP	Ampco Pittsburgh	Pair Corr
0.87	CLH	Clean Harbors	Pair Corr
0.87	NTR	Nutrien	Pair Corr
0.87	AMAT	Applied Materials	Pair Corr
0.87	OBGRF	Orbit Garant Drilling	Pair Corr
0.87	ATI	Allegheny Technologies	Pair Corr
0.86	MLFNF	Maple Leaf Foods Earnings Call Tomorrow	Pair Corr
0.86	DUAVF	Dassault Aviation Earnings Call Today	Pair Corr
0.86	MIRM	Mirum Pharmaceuticals Earnings Call This Week	Pair Corr
0.84	CCBC	Chino Commercial Bancorp Normal Trading	Pair Corr

Related Correlations Analysis

	CWLPF	LDDFF	TCHH	FSCR	CRWE	EFTI	RLBY	HLLK	CLEV	TIKK
CWLPF		-0.09	0.0	-0.23	0.0	0.0	0.19	-0.03	-0.62	-0.6	CWLPF
LDDFF	-0.09		0.0	-0.37	0.22	0.0	-0.47	-0.01	0.31	0.32	LDDFF
TCHH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCHH
FSCR	-0.23	-0.37	0.0		-0.41	0.0	0.38	-0.48	0.3	0.04	FSCR
CRWE	0.0	0.22	0.0	-0.41		0.0	-0.57	0.31	-0.1	0.07	CRWE
EFTI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EFTI
RLBY	0.19	-0.47	0.0	0.38	-0.57	0.0		0.13	-0.01	-0.23	RLBY
HLLK	-0.03	-0.01	0.0	-0.48	0.31	0.0	0.13		-0.03	0.06	HLLK
CLEV	-0.62	0.31	0.0	0.3	-0.1	0.0	-0.01	-0.03		0.48	CLEV
TIKK	-0.6	0.32	0.0	0.04	0.07	0.0	-0.23	0.06	0.48		TIKK
	CWLPF	LDDFF	TCHH	FSCR	CRWE	EFTI	RLBY	HLLK	CLEV	TIKK

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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

TIKK	+ 0.48	CLEV
RLBY	+ 0.38	FSCR
TIKK	+ 0.32	LDDFF
CLEV	+ 0.31	LDDFF
HLLK	+ 0.31	CRWE
CLEV	+ 0.3	FSCR

High negative correlations

CLEV	- 0.62	CWLPF
TIKK	- 0.6	CWLPF
RLBY	- 0.57	CRWE
HLLK	- 0.48	FSCR
RLBY	- 0.47	LDDFF
CRWE	- 0.41	FSCR

Risk-Adjusted Indicators

There is a big difference between Labor Pink Sheet performing well and Labor Smart 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 Labor Smart'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
CWLPF	1.38	0.19	0.04	(1.83)	1.63	(2.88)	4.05	(3.80)	15.67
LDDFF	4.74	(0.51)	0.00	(1.75)	0.00	0.00	8.33	(10.00)	35.58
TCHH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSCR	1.05	(0.02)	0.00	(0.15)	0.00	0.00	3.33	(4.64)	12.30
CRWE	1.36	(0.33)	0.00	(0.67)	0.00	0.00	0.00	(2.44)	33.78
EFTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RLBY	8.28	1.67	0.11	0.45	7.80	(24.53)	23.25	(16.67)	155.56
HLLK	9.06	2.63	0.00	(4.04)	0.00	0.00	11.76	(16.67)	315.71
CLEV	4.60	1.04	0.00	0.81	0.00	0.00	10.53	0.00	116.67
TIKK	4.12	0.90	0.00	1.35	0.00	0.00	16.03	0.00	80.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Labor Smart 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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