Vestiage Correlations

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The current 90-days correlation between Vestiage and Ameriprise Financial is 0.22 (i.e., Modest diversification). The correlation of Vestiage 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vestiage Correlation With Market

Average diversification

The correlation between Vestiage and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vestiage and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vestiage Pink Sheet

0.63

WHR

Whirlpool

Pair Corr

Moving against Vestiage Pink Sheet

0.57	AONNY	Aeon Co	Pair Corr
0.45	SSNLF	Samsung Electronics	Pair Corr
0.36	SVTMF	SM Investments	Pair Corr
0.34	PBCRY	Bank Central Asia	Pair Corr
0.32	654579AH4	NIPLIF 275 21	Pair Corr
0.31	COCH	Envoy Medical	Pair Corr

Related Correlations Analysis

	AMP	EVOH	GROW	RCC	DINO	ASR	MFGCF	NWARF
AMP		0.0	0.69	-0.29	0.88	0.78	-0.15	0.57	AMP
EVOH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EVOH
GROW	0.69	0.0		-0.38	0.81	0.44	0.0	0.36	GROW
RCC	-0.29	0.0	-0.38		-0.24	-0.2	-0.32	-0.13	RCC
DINO	0.88	0.0	0.81	-0.24		0.76	-0.19	0.6	DINO
ASR	0.78	0.0	0.44	-0.2	0.76		-0.13	0.81	ASR
MFGCF	-0.15	0.0	0.0	-0.32	-0.19	-0.13		-0.07	MFGCF
NWARF	0.57	0.0	0.36	-0.13	0.6	0.81	-0.07		NWARF
	AMP	EVOH	GROW	RCC	DINO	ASR	MFGCF	NWARF

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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

DINO	+ 0.88	AMP
DINO	+ 0.81	GROW
NWARF	+ 0.81	ASR
ASR	+ 0.78	AMP
ASR	+ 0.76	DINO
GROW	+ 0.69	AMP

High negative correlations

RCC	- 0.38	GROW
MFGCF	- 0.32	RCC
RCC	- 0.29	AMP
DINO	- 0.24	RCC
ASR	- 0.2	RCC
MFGCF	- 0.19	DINO

Risk-Adjusted Indicators

There is a big difference between Vestiage Pink Sheet performing well and Vestiage 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 Vestiage'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
AMP	1.46	0.01	0.01	0.05	2.38	(1.50)	2.96	(3.33)	14.51
EVOH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GROW	1.27	0.11	0.04	0.25	1.74	(1.37)	2.82	(2.48)	7.89
RCC	0.34	0.01	(0.08)	1.67	0.42	(0.40)	0.90	(0.56)	2.78
DINO	2.00	0.33	0.10	0.31	3.03	(2.06)	4.34	(5.95)	16.40
ASR	1.51	0.23	0.12	0.46	1.52	(1.75)	3.39	(2.46)	8.70
MFGCF	1.90	(0.07)	0.00	0.43	0.00	0.00	4.92	(5.51)	14.71
NWARF	3.40	0.45	0.09	0.64	4.07	(4.11)	8.13	(7.52)	24.46

Be your own money manager

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