Kadestone Capital Correlations

KDCCF Stock

USD 0.67 0.00 0.00%

The current 90-days correlation between Kadestone Capital Corp and Mongolia Growth Group is -0.05 (i.e., Good diversification). The correlation of Kadestone Capital 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.

Kadestone Capital Correlation With Market

Average diversification

The correlation between Kadestone Capital Corp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kadestone Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kadestone OTC Stock

0.65	SUHJF	Sun Hung Kai	Pair Corr
0.62	HNHPF	Hon Hai Precision	Pair Corr
0.93	GLNS	Golden Star Resource	Pair Corr
0.72	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.73	DEWY	Dewey Electronics	Pair Corr
0.7	HOOD	Robinhood Markets	Pair Corr
0.72	FUPPF	Fuchs Petrolub SE	Pair Corr
0.7	TGTX	TG Therapeutics	Pair Corr

Moving against Kadestone OTC Stock

0.62	CHVKY	China Vanke	Pair Corr
0.6	CRBJF	China Resources Land	Pair Corr
0.52	MGMA	Metro Global Media	Pair Corr
0.4	RGVNF	Regent Ventures	Pair Corr
0.33	NRGT	Energy Today	Pair Corr
0.32	FFNTF	4Front Ventures Corp	Pair Corr
0.56	TKCI	TurnKey Capital	Pair Corr
0.41	CAPTW	Captivision Warrant	Pair Corr
0.33	SPFYF	Spacefy	Pair Corr

Related Correlations Analysis

	GZUHY	MNGGF	ILAL	ABCP	SLTTF	TNHDF	HGPI	SOLLY	DDHRF	SNLKF
GZUHY		0.3	0.5	0.38	-0.18	0.0	-0.18	-0.27	0.24	0.0	GZUHY
MNGGF	0.3		0.48	0.75	0.72	0.0	-0.83	0.29	-0.03	0.0	MNGGF
ILAL	0.5	0.48		0.52	0.07	0.0	-0.29	-0.11	-0.29	0.0	ILAL
ABCP	0.38	0.75	0.52		0.49	0.0	-0.68	0.06	0.02	0.0	ABCP
SLTTF	-0.18	0.72	0.07	0.49		0.0	-0.9	0.26	0.12	0.0	SLTTF
TNHDF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TNHDF
HGPI	-0.18	-0.83	-0.29	-0.68	-0.9	0.0		-0.12	-0.18	0.0	HGPI
SOLLY	-0.27	0.29	-0.11	0.06	0.26	0.0	-0.12		-0.01	0.0	SOLLY
DDHRF	0.24	-0.03	-0.29	0.02	0.12	0.0	-0.18	-0.01		0.0	DDHRF
SNLKF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SNLKF
	GZUHY	MNGGF	ILAL	ABCP	SLTTF	TNHDF	HGPI	SOLLY	DDHRF	SNLKF

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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

ABCP	+ 0.75	MNGGF
SLTTF	+ 0.72	MNGGF
ABCP	+ 0.52	ILAL
ILAL	+ 0.5	GZUHY
SLTTF	+ 0.49	ABCP
ILAL	+ 0.48	MNGGF

High negative correlations

HGPI	- 0.9	SLTTF
HGPI	- 0.83	MNGGF
HGPI	- 0.68	ABCP
DDHRF	- 0.29	ILAL
HGPI	- 0.29	ILAL
SOLLY	- 0.27	GZUHY

Risk-Adjusted Indicators

There is a big difference between Kadestone OTC Stock performing well and Kadestone Capital 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 Kadestone Capital'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GZUHY	0.68	(0.34)	0.64	0.00	0.00	22.71
MNGGF	0.97	(0.17)	0.66	1.20	(2.35)	7.32
ILAL	5.98	(0.36)	(1.07)	19.05	(13.64)	37.17
ABCP	2.44	(0.15)	0.15	6.67	(7.41)	34.81
SLTTF	0.30	(0.11)	1.11	0.00	0.00	10.11
TNHDF	0.00	0.00	0.00	0.00	0.00	0.00
HGPI	0.06	0.02	2.46	0.00	0.00	2.11
SOLLY	0.40	0.04	0.61	0.00	0.00	21.46
DDHRF	1.77	(0.26)	(0.10)	0.00	0.00	76.01
SNLKF	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 Kadestone Capital 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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