Minnova Corp Correlations

AGRDF Stock

USD 0 0 2,500%

The current 90-days correlation between Minnova Corp and ionet is 0.23 (i.e., Modest diversification). The correlation of Minnova Corp 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.

Minnova Corp Correlation With Market

Significant diversification

The correlation between Minnova Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Minnova Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Minnova Pink Sheet

0.65	PPERY	Bank Mandiri Persero	Pair Corr
0.68	PPERF	Bank Mandiri Persero	Pair Corr
0.72	BKRKY	Bank Rakyat	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr

Moving against Minnova Pink Sheet

0.75	KB	KB Financial Group	Pair Corr
0.54	MET	MetLife Sell-off Trend	Pair Corr
0.48	WPM	Wheaton Precious Metals	Pair Corr
0.46	GFI	Gold Fields	Pair Corr
0.39	AEM	Agnico Eagle Mines	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.75	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.71	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.66	JXN-PA	Jackson Financial	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.58	WMT	Walmart Aggressive Push	Pair Corr
0.54	DIS	Walt Disney Sell-off Trend	Pair Corr
0.49	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	HMY	ID	RRTLX	AMPL	IO	SEIC	EMBC	KOD	GVPIX	VTARX
HMY		-0.06	0.24	0.08	-0.3	-0.06	-0.34	-0.17	-0.19	0.09	HMY
ID	-0.06		0.57	0.31	0.9	0.81	0.35	0.87	-0.59	0.81	ID
RRTLX	0.24	0.57		0.41	0.58	0.42	0.06	0.37	-0.27	0.85	RRTLX
AMPL	0.08	0.31	0.41		0.32	0.32	-0.11	0.24	-0.26	0.46	AMPL
IO	-0.3	0.9	0.58	0.32		0.69	0.43	0.79	-0.39	0.77	IO
SEIC	-0.06	0.81	0.42	0.32	0.69		0.17	0.96	-0.86	0.77	SEIC
EMBC	-0.34	0.35	0.06	-0.11	0.43	0.17		0.3	0.18	0.08	EMBC
KOD	-0.17	0.87	0.37	0.24	0.79	0.96	0.3		-0.77	0.74	KOD
GVPIX	-0.19	-0.59	-0.27	-0.26	-0.39	-0.86	0.18	-0.77		-0.62	GVPIX
VTARX	0.09	0.81	0.85	0.46	0.77	0.77	0.08	0.74	-0.62		VTARX
	HMY	ID	RRTLX	AMPL	IO	SEIC	EMBC	KOD	GVPIX	VTARX

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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

KOD	+ 0.96	SEIC
IO	+ 0.9	ID
KOD	+ 0.87	ID
VTARX	+ 0.85	RRTLX
SEIC	+ 0.81	ID
VTARX	+ 0.81	ID

High negative correlations

GVPIX	- 0.86	SEIC
GVPIX	- 0.77	KOD
VTARX	- 0.62	GVPIX
GVPIX	- 0.59	ID
GVPIX	- 0.39	IO
EMBC	- 0.34	HMY

Risk-Adjusted Indicators

There is a big difference between Minnova Pink Sheet performing well and Minnova Corp 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 Minnova Corp'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
HMY	2.71	(0.13)	0.00	(0.42)	0.00	0.00	7.63	(5.89)	17.74
ID	3.84	0.90	0.16	1.45	3.99	(5.08)	7.89	(6.67)	20.54
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
AMPL	4.39	0.56	0.08	19.63	5.25	(5.10)	10.34	(8.00)	31.98
IO	5.45	1.36	0.22	1.15	5.24	(6.57)	13.49	(7.35)	30.64
SEIC	0.80	0.20	0.18	0.37	0.55	(0.94)	1.57	(1.56)	7.23
EMBC	2.72	0.32	0.13	0.31	2.90	(2.93)	6.55	(6.00)	19.66
KOD	3.14	1.20	0.44	0.67	2.26	(4.21)	9.70	(4.87)	18.79
GVPIX	0.81	(0.05)	0.00	0.30	0.00	0.00	1.61	(1.89)	5.20
VTARX	0.36	0.01	(0.11)	0.15	0.41	(0.40)	0.84	(0.84)	2.37

Be your own money manager

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