Snipp Interactive Correlations

SPN Stock

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The current 90-days correlation between Snipp Interactive and DelphX Capital Markets is -0.01 (i.e., Good diversification). The correlation of Snipp Interactive 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Snipp Interactive Correlation With Market

Excellent diversification

The correlation between Snipp Interactive and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snipp Interactive and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Snipp Stock

0.85	MER	Meren Energy	Pair Corr
0.84	BNP	BNP Paribas CDR	Pair Corr
0.81	TECK-A	Teck Resources	Pair Corr
0.8	FMAN	Freeman Gold Corp Earnings Call This Week	Pair Corr
0.74	SC-H	Serrano Resources	Pair Corr
0.73	NWC	North West	Pair Corr
0.7	AEM	Agnico Eagle Mines	Pair Corr
0.69	DNG	Dynacor Gold Mines	Pair Corr
0.69	FTZ	Fitzroy Minerals	Pair Corr
0.69	CHE-UN	Chemtrade Logistics	Pair Corr
0.68	TD	Toronto Dominion Bank	Pair Corr
0.67	LIRC	Lithium Royalty Corp	Pair Corr
0.59	RY	Royal Bank	Pair Corr
0.57	NMI	Namibia Critical Metals	Pair Corr
0.57	EQX	Equinox Gold Corp Earnings Call This Week	Pair Corr
0.57	DG	Dixie Gold	Pair Corr
0.55	PJX	PJX Resources	Pair Corr
0.53	CCA	Cogeco Communications	Pair Corr
0.5	QNC	Quantum eMotion Corp	Pair Corr
0.49	CITI	CITIGROUP CDR	Pair Corr
0.47	DR	Medical Facilities	Pair Corr
0.36	GMA	Geomega Resources	Pair Corr
0.85	TNZ	Tenaz Energy Corp	Pair Corr
0.8	GIL	Gildan Activewear Earnings Call This Week	Pair Corr
0.78	WAST	Waste Management,	Pair Corr
0.77	BCE-PT	Bce Inc Pref	Pair Corr
0.77	MID-UN	MINT Income Fund	Pair Corr
0.76	INO-UN	Inovalis Real Estate	Pair Corr
0.71	GPCC-P	Green Panda Capital	Pair Corr
0.7	ZCC-H	Zena Mining Corp	Pair Corr
0.67	ROCK	Rockridge Resources	Pair Corr
0.67	SGU	Signature Resources	Pair Corr
0.65	HSTR	Heliostar Metals	Pair Corr
0.65	LEXI	Lithium Energi Explo Earnings Call This Week	Pair Corr
0.64	PPL-PC	Pembina Pipeline Corp	Pair Corr
0.63	RYR	Royal Road Minerals	Pair Corr
0.6	BN-PFI	Brookfield	Pair Corr

Related Correlations Analysis

	DELX	DIAM	CTF-UN	MAXQ
DELX		0.33	0.47	0.55	DELX
DIAM	0.33		0.3	0.24	DIAM
CTF-UN	0.47	0.3		0.8	CTF-UN
MAXQ	0.55	0.24	0.8		MAXQ
	DELX	DIAM	CTF-UN	MAXQ

Risk-Adjusted Indicators

There is a big difference between Snipp Stock performing well and Snipp Interactive 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 Snipp Interactive'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
DELX	6.51	0.48	0.03	0.46	7.56	(15.92)	15.38	(20.00)	70.00
DIAM	5.96	0.46	0.02	0.34	8.10	(33.33)	33.33	(25.00)	58.33
CTF-UN	1.58	0.16	0.04	0.38	2.19	(2.06)	3.28	(2.61)	24.02
MAXQ	4.72	0.85	0.12	0.65	5.06	(6.95)	15.22	(8.70)	37.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in Snipp Interactive 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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Snipp Interactive Corporate Management

Elected by the shareholders, the Snipp Interactive's board of directors comprises two types of representatives: Snipp Interactive inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Snipp. The board's role is to monitor Snipp Interactive's management team and ensure that shareholders' interests are well served. Snipp Interactive's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Snipp Interactive's outside directors are responsible for providing unbiased perspectives on the board's policies.

Wayne Weng	Chief Officer	Profile
Christian Hausammann	Managing Europe	Profile
Mario Invernizzi	Senior APAC	Profile
Christopher Cubba	Chief Officer	Profile

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