Choom Holdings Correlations

The correlation of Choom Holdings 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.

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

Moving together with Choom Pink Sheet

0.74	MKKGY	Merck KGaA ADR	Pair Corr
0.73	MKGAF	MERCK Kommanditgesells	Pair Corr
0.69	TAK	Takeda Pharmaceutical	Pair Corr
0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Choom Pink Sheet

0.72	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.57	KB	KB Financial Group	Pair Corr
0.87	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.8	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.67	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.67	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.6	WMT	Walmart Aggressive Push	Pair Corr
0.55	BAC	Bank of America Aggressive Push	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.49	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	GRCU	CNNA	GXXY	INQD	GNMLF	SPBBF	CVGRF	BHHKF	LRSV
GRCU		0.05	0.07	0.0	0.05	0.0	-0.03	0.0	0.02	GRCU
CNNA	0.05		0.49	0.0	-0.32	0.0	-0.77	0.0	0.5	CNNA
GXXY	0.07	0.49		0.0	-0.43	0.0	-0.65	0.0	0.51	GXXY
INQD	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	0.0	INQD
GNMLF	0.05	-0.32	-0.43	0.0		0.0	0.73	0.0	-0.69	GNMLF
SPBBF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SPBBF
CVGRF	-0.03	-0.77	-0.65	0.0	0.73	0.0		0.0	-0.76	CVGRF
BHHKF	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		0.0	BHHKF
LRSV	0.02	0.5	0.51	0.0	-0.69	0.0	-0.76	0.0		LRSV
	GRCU	CNNA	GXXY	INQD	GNMLF	SPBBF	CVGRF	BHHKF	LRSV

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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

CVGRF	+ 0.73	GNMLF
LRSV	+ 0.51	GXXY
LRSV	+ 0.5	CNNA
GXXY	+ 0.49	CNNA
GXXY	+ 0.07	GRCU
CNNA	+ 0.05	GRCU

High negative correlations

BHHKF	- 1.0	INQD
CVGRF	- 0.77	CNNA
LRSV	- 0.76	CVGRF
LRSV	- 0.69	GNMLF
CVGRF	- 0.65	GXXY
GNMLF	- 0.43	GXXY

Risk-Adjusted Indicators

There is a big difference between Choom Pink Sheet performing well and Choom Holdings 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 Choom Holdings' 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
GRCU	37.92	10.72	0.20	(10.88)	25.99	(100.00)	100.00	(50.00)	150.00
CNNA	7.00	0.24	0.01	5.04	10.36	(15.65)	20.00	(24.00)	89.44
GXXY	4.77	(1.43)	0.00	(1.70)	0.00	0.00	0.00	(22.22)	67.08
INQD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GNMLF	1.47	0.51	0.00	(1.33)	0.00	0.00	4.67	0.00	22.78
SPBBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVGRF	3.85	2.23	0.00	(0.97)	0.00	0.00	0.00	0.00	95.65
BHHKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LRSV	7.19	1.42	0.00	(0.24)	0.00	0.00	0.00	(28.57)	150.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Choom Holdings 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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Choom Holdings Corporate Management

Aussie Jiwani	Director Sales	Profile
Chris Gagan	VP Marketing	Profile
Patrick PEng	Founder	Profile
Lamar Hanna	VP Retail	Profile

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