Jackpot Digital Correlations

JPOTF Stock

USD 0.05 0.01 27.03%

The current 90-days correlation between Jackpot Digital and Arhaus Inc is -0.07 (i.e., Good diversification). The correlation of Jackpot Digital 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.

Jackpot Digital Correlation With Market

Average diversification

The correlation between Jackpot Digital and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jackpot Digital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jackpot OTC Stock

0.74

Coca Cola Fiscal Year End 11th of February 2025

Pair Corr

Moving against Jackpot OTC Stock

0.79	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.67	FSTF	First State Financial	Pair Corr
0.66	AXP	American Express Sell-off Trend	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.64	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.53	MET	MetLife	Pair Corr
0.46	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.39	JXN-PA	Jackson Financial	Pair Corr
0.36	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.33	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	ARHS	FND	LIVE	CSCO	JNJ	JPM	WMT	TRV	KO
ARHS		0.76	0.78	-0.65	0.45	-0.56	-0.4	-0.58	0.68	ARHS
FND	0.76		0.46	-0.36	0.31	-0.47	-0.15	-0.43	0.6	FND
LIVE	0.78	0.46		-0.95	0.72	-0.79	-0.75	-0.83	0.83	LIVE
CSCO	-0.65	-0.36	-0.95		-0.8	0.87	0.84	0.86	-0.84	CSCO
JNJ	0.45	0.31	0.72	-0.8		-0.77	-0.76	-0.6	0.89	JNJ
JPM	-0.56	-0.47	-0.79	0.87	-0.77		0.84	0.83	-0.87	JPM
WMT	-0.4	-0.15	-0.75	0.84	-0.76	0.84		0.8	-0.77	WMT
TRV	-0.58	-0.43	-0.83	0.86	-0.6	0.83	0.8		-0.76	TRV
KO	0.68	0.6	0.83	-0.84	0.89	-0.87	-0.77	-0.76		KO
	ARHS	FND	LIVE	CSCO	JNJ	JPM	WMT	TRV	KO

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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

KO	+ 0.89	JNJ
JPM	+ 0.87	CSCO
TRV	+ 0.86	CSCO
WMT	+ 0.84	CSCO
WMT	+ 0.84	JPM
KO	+ 0.83	LIVE

High negative correlations

CSCO	- 0.95	LIVE
KO	- 0.87	JPM
KO	- 0.84	CSCO
TRV	- 0.83	LIVE
JNJ	- 0.8	CSCO
JPM	- 0.79	LIVE

Risk-Adjusted Indicators

There is a big difference between Jackpot OTC Stock performing well and Jackpot Digital 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 Jackpot Digital'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
ARHS	2.46	(0.32)	0.00	(0.10)	0.00	0.00	6.36	(5.79)	19.97
FND	1.74	(0.02)	(0.04)	0.02	2.38	(1.81)	4.11	(3.94)	12.54
LIVE	2.60	(1.00)	0.00	(1.23)	0.00	0.00	5.98	(5.86)	16.34
CSCO	0.72	0.16	0.18	0.28	0.46	(0.83)	1.72	(1.14)	6.38
JNJ	0.61	(0.15)	0.00	(0.59)	0.00	0.00	1.40	(1.53)	3.25
JPM	1.13	(0.05)	0.03	0.08	1.42	(1.25)	2.05	(2.00)	15.87
WMT	0.82	0.28	0.18	3.60	0.71	(0.96)	1.90	(1.27)	4.33
TRV	1.12	0.11	0.08	0.21	1.18	(1.34)	1.93	(2.17)	11.31
KO	0.66	(0.20)	0.00	(1.68)	0.00	0.00	1.10	(1.66)	4.00

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Our tools can tell you how much better you can do entering a position in Jackpot Digital 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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