Affiliated Resources Correlations
| AFFL Stock | USD 0.06 0 1.67% |
The current 90-days correlation between Affiliated Resources Corp and Cosan SA ADR is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Affiliated Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affiliated Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Affiliated Resources Correlation With Market
Weak diversification
The correlation between Affiliated Resources Corp and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affiliated Resources Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Affiliated Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affiliated Resources 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 Affiliated Resources - 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 Affiliated Resources Corp to buy it.
Moving together with Affiliated Pink Sheet
Moving against Affiliated Pink Sheet
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| 0.43 | PBCRY | Bank Central Asia | PairCorr |
| 0.41 | APTV | Aptiv PLC | PairCorr |
| 0.41 | CTTAF | Continental Aktiengesellscha | PairCorr |
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| 0.35 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.64 | OPFI | OppFi Inc | PairCorr |
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| 0.56 | SHG | Shinhan Financial | PairCorr |
| 0.54 | WF | Woori Financial Group | PairCorr |
| 0.46 | SLMBP | SLM Corp Pb | PairCorr |
| 0.45 | OUST | Ouster, Common Stock Buyout Trend | PairCorr |
| 0.45 | YTRA | Yatra Online | PairCorr |
| 0.44 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.4 | 384701AA6 | GRAHAM PACKAGING INC | PairCorr |
| 0.31 | BNNLF | Bannerman Resources | PairCorr |
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| 0.56 | CHSN | Chanson International | PairCorr |
| 0.56 | APG | Api Group Corp | PairCorr |
| 0.5 | TD | Toronto Dominion Bank | PairCorr |
| 0.47 | SWISF | Sekur Private Data | PairCorr |
Related Correlations Analysis
| 0.74 | 0.78 | 0.73 | 0.52 | 0.25 | CSAN | ||
| 0.74 | 0.74 | 0.78 | 0.63 | 0.21 | HDSN | ||
| 0.78 | 0.74 | 0.63 | 0.58 | 0.25 | DRREF | ||
| 0.73 | 0.78 | 0.63 | 0.45 | 0.19 | GMS | ||
| 0.52 | 0.63 | 0.58 | 0.45 | 0.38 | MCK | ||
| 0.25 | 0.21 | 0.25 | 0.19 | 0.38 | SPG-PJ | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Affiliated Pink Sheet performing well and Affiliated Resources 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 Affiliated Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSAN | 2.58 | 0.11 | 0.03 | 0.17 | 3.07 | 5.16 | 13.34 | |||
| HDSN | 2.47 | 0.44 | 0.18 | 0.38 | 2.31 | 8.29 | 20.60 | |||
| DRREF | 1.52 | 0.18 | 0.07 | 1.68 | 1.64 | 5.03 | 13.96 | |||
| GMS | 1.82 | 0.16 | 0.07 | 0.18 | 1.91 | 4.05 | 14.28 | |||
| MCK | 1.00 | 0.16 | 0.09 | 0.56 | 1.50 | 2.90 | 8.09 | |||
| SPG-PJ | 0.79 | (0.03) | 0.00 | (0.22) | 0.00 | 2.04 | 6.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Affiliated Resources 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?
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Affiliated Resources Corporate Management
| Catherine Tamme | Chief VP | Profile | |
| Peter Vanucci | Chairman Officer | Profile | |
| Barry Goverman | Chief VP | Profile | |
| Michael Bradle | Chief Pres | Profile | |
| Virginia Lazar | Ex Sec | Profile |