Star Phoenix Correlations

RGRLF Stock

USD 0.22 0.02 8.33%

The current 90-days correlation between Star Phoenix Group and China Aircraft Leasing is 0.11 (i.e., Average diversification). The correlation of Star Phoenix 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.

Star Phoenix Correlation With Market

Average diversification

The correlation between Star Phoenix Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Phoenix Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Star Pink Sheet

0.61	MSFT	Microsoft	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr
0.67	GE	GE Aerospace Sell-off Trend	Pair Corr

Moving against Star Pink Sheet

0.83	BMYMP	Bristol Myers Squibb	Pair Corr
0.5	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.38	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.37	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.59	VZ	Verizon Communications	Pair Corr
0.51	T	ATT Inc	Pair Corr
0.48	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CFRLF	URI	GWIN	BWOFY	WLFC	HLFN	CNCM	LYV
CFRLF		-0.89	-0.57	0.34	-0.8	0.22	0.0	-0.86	CFRLF
URI	-0.89		0.66	-0.06	0.61	-0.09	0.0	0.76	URI
GWIN	-0.57	0.66		0.19	0.28	-0.04	0.0	0.38	GWIN
BWOFY	0.34	-0.06	0.19		-0.71	0.47	0.0	-0.48	BWOFY
WLFC	-0.8	0.61	0.28	-0.71		-0.46	0.0	0.89	WLFC
HLFN	0.22	-0.09	-0.04	0.47	-0.46		0.0	-0.4	HLFN
CNCM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CNCM
LYV	-0.86	0.76	0.38	-0.48	0.89	-0.4	0.0		LYV
	CFRLF	URI	GWIN	BWOFY	WLFC	HLFN	CNCM	LYV

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

LYV	+ 0.89	WLFC
LYV	+ 0.76	URI
GWIN	+ 0.66	URI
WLFC	+ 0.61	URI
HLFN	+ 0.47	BWOFY
LYV	+ 0.38	GWIN

High negative correlations

URI	- 0.89	CFRLF
LYV	- 0.86	CFRLF
WLFC	- 0.8	CFRLF
WLFC	- 0.71	BWOFY
GWIN	- 0.57	CFRLF
LYV	- 0.48	BWOFY

Risk-Adjusted Indicators

There is a big difference between Star Pink Sheet performing well and Star Phoenix 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 Star Phoenix'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
CFRLF	0.79	0.42	0.00	(1.40)	0.00	0.00	0.00	0.00	21.28
URI	1.36	(0.19)	0.00	1.24	0.00	0.00	2.05	(2.88)	10.45
GWIN	0.77	(0.05)	0.00	(0.01)	0.00	0.00	0.00	0.00	30.26
BWOFY	1.03	0.30	0.00	2.48	0.00	0.00	0.00	(1.53)	37.89
WLFC	1.55	(0.41)	0.00	(0.34)	0.00	0.00	2.84	(3.72)	9.78
HLFN	0.14	0.00	(0.07)	0.05	0.25	(0.46)	0.69	(0.45)	3.00
CNCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LYV	1.28	(0.39)	0.00	(0.77)	0.00	0.00	2.21	(2.77)	14.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Star Phoenix 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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