Chain Bridge Correlations

The correlation of Chain Bridge 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.

Chain Bridge Correlation With Market

Good diversification

The correlation between Chain Bridge I 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 Chain Bridge I and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Chain Bridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chain Bridge 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 Chain Bridge - 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 Chain Bridge I to buy it.

Moving against Chain OTC Stock

  0.72RIVN Rivian Automotive Aggressive PushPairCorr
  0.52PG Procter GamblePairCorr
  0.35LCID Lucid Group Buyout TrendPairCorr
  0.31MSFT Microsoft Aggressive PushPairCorr

Related Correlations Analysis

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   
MARXUFRLA
GMFIQDRO
FRLAQDRO
MARXUQDRO
BNNRQDRO
GENQQDRO
  
High negative correlations   
CPAAITAQ
CPAALGVC
ITAQLGVC
CPAADTOC
ITAQDTOC
LGVCDTOC

Risk-Adjusted Indicators

There is a big difference between Chain OTC Stock performing well and Chain Bridge 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 Chain Bridge'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
QDRO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GMFI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FRLA  0.18 (0.04) 0.00  0.81  0.00 
 0.35 
 3.68 
MARXU  0.22 (0.02) 0.00  0.63  0.00 
 0.70 
 4.63 
BNNR  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GENQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
DTOC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
LGVC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ITAQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CPAA  0.00  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 Chain Bridge 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.

Did you try this?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

Still Interested in Chain Bridge I?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.