American Copper Correlations

ACDXF Stock

0.03 0 12.00%

The current 90-days correlation between American Copper Deve and Legacy Education is 0.02 (i.e., Significant diversification). The correlation of American Copper 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.

American Copper Correlation With Market

Average diversification

The correlation between American Copper Development and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Copper Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with American OTC Stock

0.66

PFE

Pfizer Inc Aggressive Push

Pair Corr

Moving against American OTC Stock

0.58	BMYMP	Bristol Myers Squibb	Pair Corr
0.48	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.45	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.42	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.4	DIS	Walt Disney Sell-off Trend	Pair Corr
0.39	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.31	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META
LGCY		-0.26	-0.49	0.02	-0.18	-0.1	-0.48	-0.72	LGCY
AAPL	-0.26		0.52	0.22	0.26	0.36	0.31	0.53	AAPL
NVDA	-0.49	0.52		0.08	0.74	0.72	0.81	0.71	NVDA
MSFT	0.02	0.22	0.08		0.31	-0.23	0.1	0.26	MSFT
AMZN	-0.18	0.26	0.74	0.31		0.69	0.8	0.53	AMZN
BMYMP	-0.1	0.36	0.72	-0.23	0.69		0.63	0.31	BMYMP
GOOG	-0.48	0.31	0.81	0.1	0.8	0.63		0.67	GOOG
META	-0.72	0.53	0.71	0.26	0.53	0.31	0.67		META
	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META

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

GOOG	+ 0.81	NVDA
GOOG	+ 0.8	AMZN
AMZN	+ 0.74	NVDA
BMYMP	+ 0.72	NVDA
META	+ 0.71	NVDA
BMYMP	+ 0.69	AMZN

High negative correlations

META	- 0.72	LGCY
NVDA	- 0.49	LGCY
GOOG	- 0.48	LGCY
AAPL	- 0.26	LGCY
BMYMP	- 0.23	MSFT
AMZN	- 0.18	LGCY

Risk-Adjusted Indicators

There is a big difference between American OTC Stock performing well and American Copper 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 American Copper'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
LGCY	3.51	1.63	0.36	4.85	3.02	(4.48)	10.85	(5.42)	22.33
AAPL	0.92	0.01	(0.04)	0.15	1.20	(0.94)	1.84	(2.25)	6.62
NVDA	2.17	0.03	0.02	0.15	3.08	(2.12)	4.07	(4.69)	12.87
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
AMZN	1.44	0.16	0.10	0.26	1.50	(1.58)	3.18	(3.06)	10.38
BMYMP	1.49	0.44	0.00	4.41	0.00	0.00	3.84	(0.07)	21.01
GOOG	1.18	(0.03)	(0.04)	0.08	1.84	(1.04)	2.21	(2.47)	8.60
META	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02

American Copper Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with American Copper otc stock to make a market-neutral strategy. Peer analysis of American Copper could also be used in its relative valuation, which is a method of valuing American Copper by comparing valuation metrics with similar companies.

Legacy Education Apple Inc NVIDIA Microsoft Amazon Inc Bristol Myers Squibb Alphabet Inc Class C Meta Platforms American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

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

2024 Macroaxis LLC