Route1 Correlations

ROIUF Stock

USD 0.04 0.00 0.00%

The correlation of Route1 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.

Route1 Correlation With Market

Significant diversification

The correlation between Route1 Inc 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 Route1 Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Route1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Route1 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 Route1 - 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 Route1 Inc to buy it.

Moving together with Route1 Pink Sheet

0.78	VFSWW	VinFast Auto	Pair Corr
0.81	CVX	Chevron Corp	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.74	PG	Procter Gamble	Pair Corr

Moving against Route1 Pink Sheet

0.89	JNJ	Johnson Johnson	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.77	IBM	International Business	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr
0.71	KO	Coca Cola	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.61	PFE	Pfizer Inc	Pair Corr
0.58	AXP	American Express	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.33	EC	Ecopetrol SA ADR	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	OMQS	NUGN	BWLKF	OPTL	SOLBF	BCDS	MDTC	ARWYF	PLGNF	LGIQ
OMQS		-0.8	-0.42	0.0	0.0	0.75	0.68	-0.33	0.1	-0.12	OMQS
NUGN	-0.8		0.43	0.0	0.0	-0.68	-0.62	0.39	-0.05	-0.06	NUGN
BWLKF	-0.42	0.43		0.0	0.0	-0.39	-0.45	0.54	-0.41	0.35	BWLKF
OPTL	0.0	0.0	0.0		1.0	0.0	0.0	0.0	0.0	0.0	OPTL
SOLBF	0.0	0.0	0.0	1.0		0.0	0.0	0.0	0.0	0.0	SOLBF
BCDS	0.75	-0.68	-0.39	0.0	0.0		0.39	-0.05	0.06	-0.08	BCDS
MDTC	0.68	-0.62	-0.45	0.0	0.0	0.39		-0.42	-0.01	-0.22	MDTC
ARWYF	-0.33	0.39	0.54	0.0	0.0	-0.05	-0.42		-0.33	0.24	ARWYF
PLGNF	0.1	-0.05	-0.41	0.0	0.0	0.06	-0.01	-0.33		-0.01	PLGNF
LGIQ	-0.12	-0.06	0.35	0.0	0.0	-0.08	-0.22	0.24	-0.01		LGIQ
	OMQS	NUGN	BWLKF	OPTL	SOLBF	BCDS	MDTC	ARWYF	PLGNF	LGIQ

Please upgrade your account to get full access to Macroaxis premium features

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

SOLBF	+ 1.0	OPTL
BCDS	+ 0.75	OMQS
MDTC	+ 0.68	OMQS
ARWYF	+ 0.54	BWLKF
BWLKF	+ 0.43	NUGN
ARWYF	+ 0.39	NUGN

High negative correlations

NUGN	- 0.8	OMQS
BCDS	- 0.68	NUGN
MDTC	- 0.62	NUGN
MDTC	- 0.45	BWLKF
ARWYF	- 0.42	MDTC
BWLKF	- 0.42	OMQS

Risk-Adjusted Indicators

There is a big difference between Route1 Pink Sheet performing well and Route1 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 Route1'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
OMQS	10.01	1.83	0.10	(0.30)	8.99	(20.94)	33.33	(18.18)	59.72
NUGN	9.67	0.10	0.01	0.12	9.99	(16.20)	25.00	(18.37)	88.72
BWLKF	3.70	(0.66)	0.00	0.79	0.00	0.00	10.26	(10.53)	47.13
OPTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SOLBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCDS	17.92	4.97	0.25	0.88	15.59	(23.60)	40.00	(29.41)	158.33
MDTC	13.02	3.59	0.16	0.43	9.68	(57.54)	46.44	(21.37)	214.79
ARWYF	13.46	1.77	0.10	(1.42)	14.26	(17.50)	29.66	(22.58)	106.46
PLGNF	9.46	1.54	0.05	(0.59)	10.62	(32.60)	42.86	(20.00)	94.44
LGIQ	12.41	1.57	0.10	0.56	12.57	(18.82)	41.67	(27.14)	84.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Route1 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.

Did you try this?

Run Risk-Return Analysis Now

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC