Capstone Companies Correlations

CAPC Stock

USD 0.04 0.02 80.95%

The current 90-days correlation between Capstone Companies and GiveMePower Corp is 0.05 (i.e., Significant diversification). The correlation of Capstone Companies 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.

Capstone Companies Correlation With Market

Good diversification

The correlation between Capstone Companies and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capstone Companies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Capstone OTC Stock

0.66	PTAIY	Astra International Tbk	Pair Corr
0.64	PTAIF	PT Astra International	Pair Corr
0.62	EC	Ecopetrol SA ADR	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.8	IBM	International Business Earnings Call This Week	Pair Corr
0.72	AXP	American Express	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.79	DIS	Walt Disney	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.76	BA	Boeing	Pair Corr
0.85	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.79	CAT	Caterpillar	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr

Moving against Capstone OTC Stock

0.59	MCD	McDonalds	Pair Corr
0.36	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MVST	FCEL	PLUG	GMPW	ATVK	WDLF	HBRM	BRLL
MVST		0.86	0.35	-0.42	0.43	-0.41	0.0	0.66	MVST
FCEL	0.86		0.54	-0.54	0.52	-0.29	0.0	0.66	FCEL
PLUG	0.35	0.54		-0.6	0.86	-0.04	0.0	0.4	PLUG
GMPW	-0.42	-0.54	-0.6		-0.58	0.08	0.0	-0.46	GMPW
ATVK	0.43	0.52	0.86	-0.58		-0.14	0.0	0.43	ATVK
WDLF	-0.41	-0.29	-0.04	0.08	-0.14		0.0	-0.1	WDLF
HBRM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HBRM
BRLL	0.66	0.66	0.4	-0.46	0.43	-0.1	0.0		BRLL
	MVST	FCEL	PLUG	GMPW	ATVK	WDLF	HBRM	BRLL

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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

FCEL	+ 0.86	MVST
ATVK	+ 0.86	PLUG
BRLL	+ 0.66	MVST
BRLL	+ 0.66	FCEL
PLUG	+ 0.54	FCEL
ATVK	+ 0.52	FCEL

High negative correlations

GMPW	- 0.6	PLUG
ATVK	- 0.58	GMPW
GMPW	- 0.54	FCEL
BRLL	- 0.46	GMPW
GMPW	- 0.42	MVST
WDLF	- 0.41	MVST

Risk-Adjusted Indicators

There is a big difference between Capstone OTC Stock performing well and Capstone Companies OTC Stock 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 Capstone Companies' 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
MVST	4.94	1.21	0.25	5.10	3.94	(6.45)	14.21	(6.23)	40.27
FCEL	5.02	0.39	0.10	0.32	4.94	(5.98)	15.46	(7.80)	39.41
PLUG	6.87	0.77	0.16	0.38	5.94	(9.28)	25.35	(10.00)	42.72
GMPW	10.10	1.52	0.20	0.26	6.51	(44.68)	21.60	(20.00)	248.16
ATVK	16.79	5.60	0.33	3.47	13.24	(24.78)	42.86	(25.00)	139.29
WDLF	9.65	0.14	0.02	0.17	11.01	(32.50)	33.33	(25.00)	58.33
HBRM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRLL	7.36	0.57	0.04	2.94	8.19	(10.33)	15.38	(16.67)	48.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Capstone Companies 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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