American Helium Correlations

AHELF Stock

USD 0.17 0.00 0.00%

The correlation of American Helium 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.

American Helium Correlation With Market

Significant diversification

The correlation between American Helium and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Helium and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with American Pink Sheet

0.87	GLCNF	Glencore PLC	Pair Corr
0.88	GLNCY	Glencore PLC ADR	Pair Corr
0.63	AAUKF	Anglo American plc	Pair Corr
0.74	SLF	Sun Life Financial	Pair Corr
0.82	CSCO	Cisco Systems	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.8	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.73	AXP	American Express	Pair Corr
0.83	IBM	International Business Earnings Call This Week	Pair Corr
0.77	BAC	Bank of America	Pair Corr

Moving against American Pink Sheet

0.76	MCD	McDonalds	Pair Corr
0.48	RIO	Rio Tinto ADR	Pair Corr
0.39	RTNTF	Rio Tinto Group	Pair Corr
0.38	HPQ	HP Inc	Pair Corr
0.36	KO	Coca Cola Earnings Call Tomorrow	Pair Corr
0.35	VZ	Verizon Communications Earnings Call Today	Pair Corr

Related Correlations Analysis

	BBBMF	AUMTF	ADTLF	ASHXF	EDDYF	CBRSF	AVRTF	APCDF	ALMTF	BAJFF
BBBMF		0.32	0.6	-0.18	-0.51	-0.06	0.44	0.0	0.08	0.0	BBBMF
AUMTF	0.32		-0.28	-0.44	0.22	-0.63	-0.23	0.0	-0.6	0.0	AUMTF
ADTLF	0.6	-0.28		0.47	-0.71	0.61	0.74	0.0	0.7	0.0	ADTLF
ASHXF	-0.18	-0.44	0.47		-0.36	0.68	0.39	0.0	0.65	0.0	ASHXF
EDDYF	-0.51	0.22	-0.71	-0.36		-0.6	-0.52	0.0	-0.7	0.0	EDDYF
CBRSF	-0.06	-0.63	0.61	0.68	-0.6		0.53	0.0	0.95	0.0	CBRSF
AVRTF	0.44	-0.23	0.74	0.39	-0.52	0.53		0.0	0.66	0.0	AVRTF
APCDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	APCDF
ALMTF	0.08	-0.6	0.7	0.65	-0.7	0.95	0.66	0.0		0.0	ALMTF
BAJFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BAJFF
	BBBMF	AUMTF	ADTLF	ASHXF	EDDYF	CBRSF	AVRTF	APCDF	ALMTF	BAJFF

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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

ALMTF	+ 0.95	CBRSF
AVRTF	+ 0.74	ADTLF
ALMTF	+ 0.7	ADTLF
CBRSF	+ 0.68	ASHXF
ALMTF	+ 0.66	AVRTF
ALMTF	+ 0.65	ASHXF

High negative correlations

EDDYF	- 0.71	ADTLF
ALMTF	- 0.7	EDDYF
CBRSF	- 0.63	AUMTF
CBRSF	- 0.6	EDDYF
ALMTF	- 0.6	AUMTF
AVRTF	- 0.52	EDDYF

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American Helium 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 American Helium'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
BBBMF	3.70	0.96	0.04	(0.69)	4.91	(31.36)	2.22	(4.00)	128.57
AUMTF	2.77	0.36	0.00	7.31	0.00	0.00	8.33	0.00	87.06
ADTLF	1.92	0.51	0.08	(2.18)	1.85	(3.99)	6.84	(4.61)	30.11
ASHXF	2.33	1.17	0.00	(1.35)	0.00	0.00	0.00	0.00	50.00
EDDYF	2.13	(0.27)	0.00	(0.78)	0.00	0.00	7.07	(8.65)	33.68
CBRSF	1.49	0.65	0.00	0.99	0.00	0.00	0.00	0.00	50.00
AVRTF	4.46	1.45	0.00	(1.77)	0.00	0.00	0.00	0.00	207.02
APCDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALMTF	6.00	2.15	0.24	(2.84)	6.14	(8.42)	11.94	(6.78)	92.18
BAJFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Helium 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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