Cruz Cobalt Correlations

BKTPF Stock

USD 0.01 0.01 38.89%

The current 90-days correlation between Cruz Cobalt Corp and Mundoro Capital is 0.05 (i.e., Significant diversification). The correlation of Cruz Cobalt 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.

Cruz Cobalt Correlation With Market

Average diversification

The correlation between Cruz Cobalt Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cruz Cobalt Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Cruz Pink Sheet

0.44	CVI	CVR Energy	Pair Corr
0.42	BDTX	Black Diamond Therap	Pair Corr
0.4	TIMB	TIM Participacoes	Pair Corr
0.39	BLAGF	Blue Lagoon Resources	Pair Corr
0.38	ZHEXF	Zhejiang Expressway	Pair Corr
0.37	OI	O I Glass	Pair Corr
0.37	TETOF	Tectonic Metals	Pair Corr
0.37	UVE	Universal Insurance	Pair Corr
0.37	TG	Tredegar	Pair Corr
0.34	KG	KING PHARMACEUTICALS INC Symbol Change	Pair Corr
0.34	NTSGF	National Storage REIT	Pair Corr
0.34	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.33	UMICF	Umicore SA	Pair Corr
0.31	KELTF	Kelt Exploration	Pair Corr
0.5	YLLXF	Yellow Cake plc	Pair Corr
0.48	AVGO	Broadcom	Pair Corr
0.46	MSFT	Microsoft	Pair Corr
0.43	FIVE	Five Below	Pair Corr
0.42	SPR	Spirit Aerosystems	Pair Corr
0.4	C	Citigroup	Pair Corr
0.39	DC	Dakota Gold Corp	Pair Corr
0.39	MLFNF	Maple Leaf Foods	Pair Corr
0.38	PMNXF	Perseus Mining	Pair Corr

Related Correlations Analysis

	MUNMF	NRRMF	ESVNF	VLTMF	FGOVF	AUMTF	CTTZF	ABCAF	ARTTF	ASDRF
MUNMF		0.0	-0.48	-0.08	-0.16	-0.43	0.17	0.0	0.54	-0.26	MUNMF
NRRMF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NRRMF
ESVNF	-0.48	0.0		-0.4	0.6	0.95	0.29	0.0	-0.34	0.66	ESVNF
VLTMF	-0.08	0.0	-0.4		-0.42	-0.49	0.0	0.0	-0.01	-0.35	VLTMF
FGOVF	-0.16	0.0	0.6	-0.42		0.7	0.6	0.0	-0.07	0.73	FGOVF
AUMTF	-0.43	0.0	0.95	-0.49	0.7		0.32	0.0	-0.37	0.74	AUMTF
CTTZF	0.17	0.0	0.29	0.0	0.6	0.32		0.0	0.27	0.33	CTTZF
ABCAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ABCAF
ARTTF	0.54	0.0	-0.34	-0.01	-0.07	-0.37	0.27	0.0		-0.27	ARTTF
ASDRF	-0.26	0.0	0.66	-0.35	0.73	0.74	0.33	0.0	-0.27		ASDRF
	MUNMF	NRRMF	ESVNF	VLTMF	FGOVF	AUMTF	CTTZF	ABCAF	ARTTF	ASDRF

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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

AUMTF	+ 0.95	ESVNF
ASDRF	+ 0.74	AUMTF
ASDRF	+ 0.73	FGOVF
AUMTF	+ 0.7	FGOVF
ASDRF	+ 0.66	ESVNF
FGOVF	+ 0.6	ESVNF

High negative correlations

AUMTF	- 0.49	VLTMF
ESVNF	- 0.48	MUNMF
AUMTF	- 0.43	MUNMF
FGOVF	- 0.42	VLTMF
VLTMF	- 0.4	ESVNF
ARTTF	- 0.37	AUMTF

Risk-Adjusted Indicators

There is a big difference between Cruz Pink Sheet performing well and Cruz Cobalt 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 Cruz Cobalt'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
MUNMF	2.59	0.06	0.01	0.12	3.18	(7.20)	7.14	(6.67)	14.84
NRRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESVNF	0.30	0.14	0.00	2.07	0.00	0.00	0.00	0.00	10.00
VLTMF	2.29	(1.18)	0.00	2.97	0.00	0.00	0.00	0.00	45.38
FGOVF	3.67	0.52	0.12	1.87	3.39	(4.86)	8.57	(5.63)	24.88
AUMTF	1.82	0.92	0.00	3.21	0.00	0.00	0.00	0.00	46.15
CTTZF	3.61	0.17	0.03	0.24	3.94	(6.82)	10.00	(7.69)	28.04
ABCAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARTTF	18.01	4.74	0.11	1.93	16.41	(58.84)	60.61	(40.00)	260.00
ASDRF	2.44	0.59	0.00	0.39	0.00	0.00	7.65	0.00	36.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cruz Cobalt 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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