Homasote Correlations

HMTC Stock

USD 4.15 0.05 1.19%

The current 90-days correlation between Homasote and Puma Exploration is 0.03 (i.e., Significant diversification). The correlation of Homasote 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.

Homasote Correlation With Market

Good diversification

The correlation between Homasote Co and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Homasote Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Homasote Pink Sheet

0.4	GCMGW	GCM Grosvenor	Pair Corr
0.31	PCTTW	PureCycle Technologies	Pair Corr
0.44	BSIG	Brightsphere Investment	Pair Corr
0.41	PETS	PetMed Express	Pair Corr
0.33	AXTG	Axis Technologies	Pair Corr
0.46	ZWS	Zurn Elkay Water	Pair Corr
0.41	PWOD	Penns Woods Bancorp	Pair Corr
0.36	HUT	Hut 8 Corp Upward Rally	Pair Corr
0.34	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	PUMXF	SXNTF	RDEXF	EQTRF	ENDGF	LRDJF	YGTFF	KDKGF	WHGOF
PUMXF		-0.06	-0.42	0.39	-0.45	0.2	-0.07	-0.05	-0.23	PUMXF
SXNTF	-0.06		0.52	-0.32	0.61	0.17	-0.31	0.41	0.35	SXNTF
RDEXF	-0.42	0.52		0.06	0.81	0.35	-0.12	0.72	0.74	RDEXF
EQTRF	0.39	-0.32	0.06		-0.29	0.51	0.33	0.19	0.16	EQTRF
ENDGF	-0.45	0.61	0.81	-0.29		0.19	-0.3	0.75	0.78	ENDGF
LRDJF	0.2	0.17	0.35	0.51	0.19		-0.1	0.45	0.46	LRDJF
YGTFF	-0.07	-0.31	-0.12	0.33	-0.3	-0.1		-0.25	-0.25	YGTFF
KDKGF	-0.05	0.41	0.72	0.19	0.75	0.45	-0.25		0.8	KDKGF
WHGOF	-0.23	0.35	0.74	0.16	0.78	0.46	-0.25	0.8		WHGOF
	PUMXF	SXNTF	RDEXF	EQTRF	ENDGF	LRDJF	YGTFF	KDKGF	WHGOF

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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

ENDGF	+ 0.81	RDEXF
WHGOF	+ 0.8	KDKGF
WHGOF	+ 0.78	ENDGF
KDKGF	+ 0.75	ENDGF
WHGOF	+ 0.74	RDEXF
KDKGF	+ 0.72	RDEXF

High negative correlations

ENDGF	- 0.45	PUMXF
RDEXF	- 0.42	PUMXF
EQTRF	- 0.32	SXNTF
YGTFF	- 0.31	SXNTF
YGTFF	- 0.3	ENDGF
ENDGF	- 0.29	EQTRF

Risk-Adjusted Indicators

There is a big difference between Homasote Pink Sheet performing well and Homasote 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 Homasote'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
PUMXF	3.02	0.37	0.00	(0.24)	0.00	0.00	16.67	(14.29)	71.82
SXNTF	11.75	2.35	0.08	0.22	14.85	(37.91)	15.79	(13.89)	237.69
RDEXF	2.71	(0.19)	0.00	0.66	0.00	0.00	8.89	(9.09)	21.36
EQTRF	4.04	0.41	0.05	(0.39)	4.37	(6.72)	16.65	(9.00)	36.32
ENDGF	1.39	(0.59)	0.00	1.87	0.00	0.00	0.00	(8.33)	19.09
LRDJF	4.99	0.66	0.04	3.01	7.05	(21.27)	23.93	(11.25)	103.05
YGTFF	4.32	0.30	0.04	(0.43)	5.31	(5.38)	11.03	(8.78)	42.76
KDKGF	4.03	(0.59)	0.00	(0.35)	0.00	0.00	20.00	(16.67)	45.00
WHGOF	3.58	(0.22)	0.00	0.44	0.00	0.00	6.67	(6.67)	28.10

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

Ronald Fasano	Treasurer CFO	Profile
Jennifer Bartkovich	Assistant Sec	Profile
Peter Tindall	VP Operations	Profile
Warren Flicker	Chairman CEO	Profile

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