Celtic Plc Correlations
| CLTFF Stock | USD 1.99 0.11 5.24% |
The current 90-days correlation between Celtic plc and ZoomerMedia Limited is -0.16 (i.e., Good diversification). The correlation of Celtic Plc 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.
Celtic Plc Correlation With Market
Good diversification
The correlation between Celtic plc and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celtic plc and DJI in the same portfolio, assuming nothing else is changed.
Celtic |
The ability to find closely correlated positions to Celtic Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celtic Plc 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 Celtic Plc - 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 Celtic plc to buy it.
Moving together with Celtic Pink Sheet
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.69 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Celtic Pink Sheet
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.81 | T | ATT Inc Aggressive Push | PairCorr |
| 0.76 | LYV | Live Nation Entertainment | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.73 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.66 | FWONA | Liberty Media | PairCorr |
| 0.64 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.63 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.56 | FWONK | Liberty Media | PairCorr |
| 0.53 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.52 | FOX | Fox Corp Class | PairCorr |
| 0.4 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.38 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.38 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Celtic Plc 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?
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