Maxtech Ventures Correlations
| MTEHFDelisted Stock | USD 0.1 0.00 0.00% |
The current 90-days correlation between Maxtech Ventures and Falcon Gold Corp is -0.08 (i.e., Good diversification). The correlation of Maxtech Ventures 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.
Maxtech Ventures Correlation With Market
Significant diversification
The correlation between Maxtech Ventures and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maxtech Ventures and DJI in the same portfolio, assuming nothing else is changed.
Maxtech |
The ability to find closely correlated positions to Maxtech Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maxtech Ventures 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 Maxtech Ventures - 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 Maxtech Ventures to buy it.
Moving together with Maxtech Pink Sheet
| 0.71 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.69 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.74 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.68 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.74 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
Moving against Maxtech Pink Sheet
| 0.77 | BKRKY | Bank Rakyat | PairCorr |
| 0.73 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.68 | GOLD | Barrick Gold Corp | PairCorr |
| 0.64 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.53 | PBCRF | PT Bank Central | PairCorr |
| 0.52 | NCMGF | Newcrest Mining | PairCorr |
| 0.52 | NCMGY | Newcrest Mining | PairCorr |
| 0.5 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.5 | PBCRY | Bank Central Asia | PairCorr |
| 0.66 | SHG | Shinhan Financial | PairCorr |
| 0.62 | WF | Woori Financial Group | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Maxtech Pink Sheet performing well and Maxtech Ventures 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 Maxtech Ventures' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGLDF | 7.47 | 0.20 | 0.00 | (0.21) | 8.52 | 20.34 | 45.44 | |||
| EQTRF | 4.07 | 0.44 | 0.04 | (0.25) | 4.45 | 16.65 | 36.32 | |||
| PREIF | 5.01 | 0.65 | 0.05 | (0.18) | 5.92 | 12.38 | 30.73 | |||
| BTKRF | 267.00 | 153.33 | 1.78 | (5.19) | 48.29 | 1,100 | 1,407 | |||
| KOREF | 5.65 | 0.50 | 0.04 | (1.15) | 6.15 | 16.67 | 55.08 | |||
| PMCCF | 4.38 | (0.25) | 0.01 | 0.04 | 6.03 | 10.10 | 74.93 | |||
| PLMNF | 5.49 | (0.20) | 0.00 | (0.10) | 0.00 | 17.65 | 58.37 | |||
| BTUMF | 1.67 | (0.88) | 0.00 | (0.67) | 0.00 | 0.00 | 26.10 | |||
| FRERF | 6.32 | 0.61 | 0.02 | (0.17) | 8.67 | 19.18 | 67.94 | |||
| GRCAF | 2.83 | (0.08) | 0.00 | 0.34 | 0.00 | 7.69 | 59.12 |
View Maxtech Ventures Related Equities
| Risk & Return | Correlation |
Still Interested in Maxtech Ventures?
Investing in delisted pink sheets can be risky, as the pink sheet 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.