High Wire Correlations
| HWNI Stock | USD 0.83 0.28 50.91% |
The current 90-days correlation between High Wire Networks and SEATech Ventures Corp is -0.07 (i.e., Good diversification). The correlation of High Wire 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.
High Wire Correlation With Market
Very good diversification
The correlation between High Wire Networks and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Wire Networks and DJI in the same portfolio, assuming nothing else is changed.
High |
The ability to find closely correlated positions to High Wire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Wire 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 High Wire - 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 High Wire Networks to buy it.
Moving against High OTC Stock
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| 0.65 | WIT | Wipro Limited ADR | PairCorr |
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| 0.59 | CLH | Clean Harbors Earnings Call This Week | PairCorr |
| 0.57 | 1730T0E96 | US1730T0E963 | PairCorr |
| 0.56 | TR | Tootsie Roll Industries Earnings Call Tomorrow | PairCorr |
| 0.53 | HNFSB | Hanover Foods | PairCorr |
| 0.52 | FENG | Phoenix New Media | PairCorr |
| 0.46 | ODFL | Old Dominion Freight Earnings Call Today | PairCorr |
| 0.4 | CAPMF | Capgemini SE | PairCorr |
| 0.37 | CGEMY | Capgemini SE ADR | PairCorr |
| 0.36 | FIS | Fidelity National | PairCorr |
| 0.87 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.87 | PIPR | Piper Sandler Companies Earnings Call This Week | PairCorr |
| 0.85 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.85 | DHIL | Diamond Hill Investment | PairCorr |
| 0.84 | CGXYY | China Galaxy Securities | PairCorr |
| 0.83 | GSBD | Goldman Sachs BDC | PairCorr |
| 0.79 | SRM | SRM Entertainment, Common | PairCorr |
| 0.79 | FBNC | First Bancorp Earnings Call Tomorrow | PairCorr |
| 0.75 | UTMD | Utah Medical Products Earnings Call Tomorrow | PairCorr |
| 0.66 | GITS | Global Interactive Symbol Change | PairCorr |
| 0.65 | LII | Lennox International Earnings Call Today | PairCorr |
| 0.64 | FPAFF | First Pacific | PairCorr |
| 0.63 | SNEX | Stonex Group | PairCorr |
| 0.52 | LYSCF | Lynas Rare Earths | PairCorr |
| 0.5 | DSX | Diana Shipping Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between High OTC Stock performing well and High Wire 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 High Wire'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IMCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SEAV | 21.57 | 7.38 | 0.12 | (1.33) | 16.62 | 120.83 | 328.02 | |||
| KNRLF | 2.12 | 0.08 | 0.00 | 1.27 | 3.29 | 9.09 | 23.38 | |||
| XALL | 9.90 | 2.31 | 0.09 | (0.48) | 9.62 | 20.00 | 70.00 | |||
| GTCH | 16.07 | 3.03 | 0.06 | 1.83 | 16.42 | 100.00 | 150.00 | |||
| SRBCF | 6.83 | 2.48 | 0.00 | (0.65) | 0.00 | 2.33 | 113.64 | |||
| ECAOF | 4.85 | 0.82 | 0.05 | (0.68) | 5.48 | 16.67 | 50.00 | |||
| ESGLF | 3.39 | (0.26) | 0.00 | (1.65) | 0.00 | 7.32 | 25.78 | |||
| QCCUF | 3.39 | 0.21 | 0.00 | (0.33) | 4.24 | 7.69 | 34.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in High Wire 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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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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High Wire Corporate Management
Elected by the shareholders, the High Wire's board of directors comprises two types of representatives: High Wire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of High. The board's role is to monitor High Wire's management team and ensure that shareholders' interests are well served. High Wire'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, High Wire's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Porter | CEO Pres | Profile | |
| David Barton | Chief EVP | Profile | |
| Don Schmidt | Ex Sales | Profile | |
| Daniel Sullivan | Chief Officer | Profile | |
| Stephan Tallent | Chief division | Profile | |
| Charles Hughes | Chief Officer | Profile | |
| Susanna Song | VP Communications | Profile |