Cannabis Global Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cannabis Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannabis Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

Moving against Cannabis Pink Sheet

0.39	TLK	Telkom Indonesia Tbk	Pair Corr
0.35	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.34	EC	Ecopetrol SA ADR	Pair Corr
0.33	VFS	VinFast Auto	Pair Corr
0.32	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.42	BAC	Bank of America	Pair Corr
0.41	JPM	JPMorgan Chase	Pair Corr
0.37	AXP	American Express	Pair Corr
0.36	CAT	Caterpillar	Pair Corr
0.35	MMM	3M Company	Pair Corr
0.35	AA	Alcoa Corp	Pair Corr
0.35	GE	GE Aerospace Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RMRK	LRSV	MCOA	GCAN	GBHPF	ECOX	CBDD	CBDL	PAOG
RMRK		0.41	0.0	0.54	-0.03	0.0	-0.41	0.59	0.0	RMRK
LRSV	0.41		0.0	0.81	-0.05	0.17	-0.27	0.42	0.0	LRSV
MCOA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MCOA
GCAN	0.54	0.81	0.0		-0.05	0.11	-0.35	0.4	0.0	GCAN
GBHPF	-0.03	-0.05	0.0	-0.05		-0.01	-0.1	-0.1	0.0	GBHPF
ECOX	0.0	0.17	0.0	0.11	-0.01		-0.23	0.05	0.0	ECOX
CBDD	-0.41	-0.27	0.0	-0.35	-0.1	-0.23		-0.42	0.0	CBDD
CBDL	0.59	0.42	0.0	0.4	-0.1	0.05	-0.42		0.0	CBDL
PAOG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PAOG
	RMRK	LRSV	MCOA	GCAN	GBHPF	ECOX	CBDD	CBDL	PAOG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GCAN	+ 0.81	LRSV
CBDL	+ 0.59	RMRK
GCAN	+ 0.54	RMRK
CBDL	+ 0.42	LRSV
LRSV	+ 0.41	RMRK
CBDL	+ 0.4	GCAN

High negative correlations

CBDL	- 0.42	CBDD
CBDD	- 0.41	RMRK
CBDD	- 0.35	GCAN
CBDD	- 0.27	LRSV
CBDD	- 0.23	ECOX
CBDL	- 0.1	GBHPF

Risk-Adjusted Indicators

There is a big difference between Cannabis Pink Sheet performing well and Cannabis Global 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 Cannabis Global'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
RMRK	4.51	0.47	0.00	(0.14)	0.00	0.00	33.33	(25.00)	66.67
LRSV	1.71	(1.00)	0.00	(1.08)	0.00	0.00	0.00	0.00	33.33
MCOA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCAN	16.02	1.09	0.04	0.61	16.69	(45.45)	50.00	(33.33)	233.33
GBHPF	13.00	2.47	0.07	(5.94)	16.62	(32.95)	40.00	(49.75)	224.77
ECOX	8.88	2.29	0.00	(9.84)	0.00	0.00	0.00	0.00	150.00
CBDD	30.30	10.16	0.17	(1.10)	21.30	(100.00)	100.00	(50.00)	150.00
CBDL	17.91	2.01	0.08	0.55	17.39	(39.58)	50.00	(33.33)	83.33
PAOG	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 Cannabis Global 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?

Run Competition Analyzer Now

Competition Analyzer

Analyze and compare many basic indicators for a group of related or unrelated entities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC