Crimson Wine Correlations
| CWGL Stock | USD 5.49 0.09 1.61% |
The current 90-days correlation between Crimson Wine and Naked Wines plc is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crimson Wine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crimson Wine moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Crimson Wine Correlation With Market
Modest diversification
The correlation between Crimson Wine and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crimson Wine and DJI in the same portfolio, assuming nothing else is changed.
Crimson |
The ability to find closely correlated positions to Crimson Wine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crimson Wine 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 Crimson Wine - 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 Crimson Wine to buy it.
Moving against Crimson OTC Stock
| 0.61 | ENGGY | Enagas SA | PairCorr |
| 0.55 | MBOT | Microbot Medical | PairCorr |
| 0.51 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.44 | FCAP | First Capital | PairCorr |
| 0.39 | FSHP | Flag Ship Acquisition | PairCorr |
| 0.38 | PMNXF | Perseus Mining | PairCorr |
| 0.35 | TIMB | TIM Participacoes | PairCorr |
| 0.32 | TETOF | Tectonic Metals | PairCorr |
| 0.39 | GRCE | Grace Therapeutics, Symbol Change | PairCorr |
| 0.38 | UVE | Universal Insurance | PairCorr |
| 0.37 | VHIBF | Vitalhub Corp | PairCorr |
| 0.31 | NTSGF | National Storage REIT | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Crimson OTC Stock performing well and Crimson Wine 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 Crimson Wine'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PDRDF | 1.71 | (0.03) | 0.00 | (0.07) | 0.00 | 4.78 | 11.57 | |||
| NWINF | 3.89 | 1.14 | 0.19 | (5.19) | 3.16 | 14.42 | 38.84 | |||
| WVVI | 1.17 | (0.09) | 0.00 | (5.76) | 0.00 | 2.41 | 10.02 | |||
| BF-A | 1.58 | (0.38) | 0.00 | (0.48) | 0.00 | 2.54 | 24.89 | |||
| PRNDY | 1.33 | (0.02) | (0.01) | (0.01) | 1.57 | 3.07 | 13.32 | |||
| MJWNY | 3.32 | 1.23 | 0.00 | (8.73) | 0.00 | 10.03 | 88.03 | |||
| ADWPF | 0.87 | 0.16 | 0.05 | 0.87 | 1.03 | 1.82 | 13.27 | |||
| ICNB | 12.50 | 6.34 | 0.00 | (166.38) | 0.00 | 0.00 | 400.00 | |||
| WVVIP | 1.90 | (0.09) | 0.00 | (1.91) | 0.00 | 3.89 | 14.14 | |||
| TSRYY | 1.76 | (0.29) | 0.00 | (0.45) | 0.00 | 3.64 | 12.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Crimson Wine 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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Crimson Wine Corporate Management
Elected by the shareholders, the Crimson Wine's board of directors comprises two types of representatives: Crimson Wine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Crimson. The board's role is to monitor Crimson Wine's management team and ensure that shareholders' interests are well served. Crimson Wine'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, Crimson Wine's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alexis Walsh | VP Marketing | Profile | |
| Tina Hilger | Co Sec | Profile | |
| Karen Diepholz | Chief Officer | Profile | |
| Nicolas Quille | Chief Winemaking and Operations Officer | Profile | |
| Jennifer Locke | Chief Officer | Profile |