Voip PalCom Correlations

VPLM Stock

USD 0.01 0.0002 3.12%

The current 90-days correlation between Voip PalCom and Iqstel Inc is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Voip PalCom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voip PalCom moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Voip PalCom Correlation With Market

Very good diversification

The correlation between Voip PalCom and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voip PalCom and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Voip OTC Stock

0.64

MCD

McDonalds

Pair Corr

Moving against Voip OTC Stock

0.94	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.9	IBM	International Business Earnings Call This Week	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.88	AXP	American Express	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.8	PFE	Pfizer Inc	Pair Corr
0.79	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.64	MZHOF	Mizuho Financial	Pair Corr
0.64	LTRY	Lottery, Common Stock	Pair Corr
0.51	GITS	Global Interactive Symbol Change	Pair Corr
0.51	T	ATT Inc Earnings Call This Week	Pair Corr
0.5	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.42	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.35	JPSTF	JAPAN POST BANK	Pair Corr
0.34	PPERY	Bank Mandiri Persero	Pair Corr
0.32	WMT	Walmart Sell-off Trend	Pair Corr

Related Correlations Analysis

	IQST	COMS	PTEL	WWII	WARM	TTCM	SMME	VDRM	XALL
IQST		0.0	-0.07	-0.12	0.25	0.0	0.0	-0.14	-0.4	IQST
COMS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	COMS
PTEL	-0.07	0.0		0.09	-0.13	0.0	0.0	0.31	0.09	PTEL
WWII	-0.12	0.0	0.09		-0.17	0.0	0.0	0.17	-0.04	WWII
WARM	0.25	0.0	-0.13	-0.17		0.0	0.0	0.5	-0.44	WARM
TTCM	0.0	0.0	0.0	0.0	0.0		1.0	0.0	0.0	TTCM
SMME	0.0	0.0	0.0	0.0	0.0	1.0		0.0	0.0	SMME
VDRM	-0.14	0.0	0.31	0.17	0.5	0.0	0.0		-0.3	VDRM
XALL	-0.4	0.0	0.09	-0.04	-0.44	0.0	0.0	-0.3		XALL
	IQST	COMS	PTEL	WWII	WARM	TTCM	SMME	VDRM	XALL

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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

SMME	+ 1.0	TTCM
VDRM	+ 0.5	WARM
VDRM	+ 0.31	PTEL
WARM	+ 0.25	IQST
VDRM	+ 0.17	WWII
WWII	+ 0.09	PTEL

High negative correlations

XALL	- 0.44	WARM
XALL	- 0.4	IQST
XALL	- 0.3	VDRM
WARM	- 0.17	WWII
VDRM	- 0.14	IQST
WARM	- 0.13	PTEL

Risk-Adjusted Indicators

There is a big difference between Voip OTC Stock performing well and Voip PalCom 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 Voip PalCom'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
IQST	6.06	0.40	0.02	(0.21)	6.54	(8.58)	21.64	(10.03)	43.13
COMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTEL	8.04	0.43	0.03	0.64	8.71	(12.60)	23.81	(18.52)	49.49
WWII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WARM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMME	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VDRM	47.24	18.01	0.39	4.91	21.66	(239.87)	100.00	(62.50)	1,393
XALL	9.90	1.68	0.09	2.07	9.62	(19.00)	20.00	(16.67)	70.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Voip PalCom 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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