Cruz Cobalt Correlations

BKTPF Stock

USD 0.02 0.0007 3.08%

The current 90-days correlation between Cruz Cobalt Corp and Mundoro Capital is 0.03 (i.e., Significant diversification). The correlation of Cruz Cobalt 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.

Cruz Cobalt Correlation With Market

Good diversification

The correlation between Cruz Cobalt Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cruz Cobalt Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cruz Pink Sheet

0.62	GLCNF	Glencore PLC	Pair Corr
0.64	GLNCY	Glencore PLC ADR	Pair Corr

Moving against Cruz Pink Sheet

0.59	FNMFO	Federal National Mortgage	Pair Corr
0.47	AVAL	Grupo Aval	Pair Corr
0.34	CIB	Bancolombia SA ADR	Pair Corr
0.31	ITCL	Banco Ita Chile	Pair Corr
0.65	WMT	Walmart	Pair Corr
0.61	DIS	Walt Disney Sell-off Trend	Pair Corr
0.49	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.49	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.4	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.38	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	MUNMF	NRRMF	ESVNF	VLTMF	FGOVF	AUMTF	CTTZF	ABCAF	ARTTF	ASDRF
MUNMF		0.0	0.39	0.0	0.46	0.31	-0.06	0.09	0.28	0.14	MUNMF
NRRMF	0.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	NRRMF
ESVNF	0.39	0.0		0.0	0.69	0.06	0.24	-0.01	0.75	-0.38	ESVNF
VLTMF	0.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	VLTMF
FGOVF	0.46	0.0	0.69	0.0		0.51	0.53	0.12	0.65	-0.12	FGOVF
AUMTF	0.31	0.0	0.06	0.0	0.51		0.33	0.01	0.27	0.31	AUMTF
CTTZF	-0.06	0.0	0.24	0.0	0.53	0.33		0.19	0.27	-0.03	CTTZF
ABCAF	0.09	0.0	-0.01	0.0	0.12	0.01	0.19		0.03	-0.06	ABCAF
ARTTF	0.28	0.0	0.75	0.0	0.65	0.27	0.27	0.03		-0.13	ARTTF
ASDRF	0.14	0.0	-0.38	0.0	-0.12	0.31	-0.03	-0.06	-0.13		ASDRF
	MUNMF	NRRMF	ESVNF	VLTMF	FGOVF	AUMTF	CTTZF	ABCAF	ARTTF	ASDRF

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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

VLTMF	+ 1.0	NRRMF
ARTTF	+ 0.75	ESVNF
FGOVF	+ 0.69	ESVNF
ARTTF	+ 0.65	FGOVF
CTTZF	+ 0.53	FGOVF
AUMTF	+ 0.51	FGOVF

High negative correlations

ASDRF	- 0.38	ESVNF
ASDRF	- 0.13	ARTTF
ASDRF	- 0.12	FGOVF
ASDRF	- 0.06	ABCAF
CTTZF	- 0.06	MUNMF
ASDRF	- 0.03	CTTZF

Risk-Adjusted Indicators

There is a big difference between Cruz Pink Sheet performing well and Cruz Cobalt 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 Cruz Cobalt'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
MUNMF	1.48	(0.09)	0.00	(0.52)	0.00	0.00	7.69	(7.14)	15.48
NRRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESVNF	6.05	(0.40)	0.01	0.06	11.16	(33.69)	26.85	(25.56)	92.22
VLTMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FGOVF	3.11	(0.24)	0.00	(0.48)	0.00	0.00	7.58	(6.45)	17.95
AUMTF	2.07	(0.83)	0.00	(1.40)	0.00	0.00	0.00	0.00	73.07
CTTZF	3.65	0.15	0.01	0.91	3.97	(5.92)	7.69	(7.14)	28.63
ABCAF	3.72	1.39	0.00	(0.09)	0.00	0.00	0.50	(3.63)	124.18
ARTTF	17.05	4.29	0.08	(0.55)	16.72	(66.07)	73.91	(37.50)	251.10
ASDRF	7.90	1.68	0.04	(0.78)	9.48	(34.06)	33.33	(25.00)	83.33

Be your own money manager

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