Planting Hope Correlations

MYLKF Stock

USD 0 0.0006 37.50%

The current 90-days correlation between Planting Hope and Bridgford Foods is 0.26 (i.e., Modest diversification). The correlation of Planting Hope 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.

Planting Hope Correlation With Market

Good diversification

The correlation between The Planting Hope and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Planting Hope and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Planting Pink Sheet

0.41	MKC-V	McCormick Company	Pair Corr
0.39	TLK	Telkom Indonesia Tbk	Pair Corr
0.36	KHC	Kraft Heinz	Pair Corr
0.34	GIS	General Mills Earnings Call This Week	Pair Corr
0.31	PBCRY	Bank Central Asia	Pair Corr

Related Correlations Analysis

	BRFS	PPC	JBSS	SENEA	BRID	CENTA	BRBR	CENT	LWAY	LFVN
BRFS		-0.04	0.0	0.23	0.65	0.51	0.1	0.51	-0.23	0.13	BRFS
PPC	-0.04		-0.81	0.67	0.02	0.26	0.82	0.31	0.11	0.84	PPC
JBSS	0.0	-0.81		-0.6	0.08	-0.36	-0.72	-0.41	0.24	-0.58	JBSS
SENEA	0.23	0.67	-0.6		0.57	0.7	0.93	0.74	-0.09	0.76	SENEA
BRID	0.65	0.02	0.08	0.57		0.6	0.38	0.61	-0.06	0.31	BRID
CENTA	0.51	0.26	-0.36	0.7	0.6		0.54	1.0	-0.6	0.31	CENTA
BRBR	0.1	0.82	-0.72	0.93	0.38	0.54		0.59	0.01	0.86	BRBR
CENT	0.51	0.31	-0.41	0.74	0.61	1.0	0.59		-0.58	0.36	CENT
LWAY	-0.23	0.11	0.24	-0.09	-0.06	-0.6	0.01	-0.58		0.28	LWAY
LFVN	0.13	0.84	-0.58	0.76	0.31	0.31	0.86	0.36	0.28		LFVN
	BRFS	PPC	JBSS	SENEA	BRID	CENTA	BRBR	CENT	LWAY	LFVN

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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

CENT	+ 1.0	CENTA
BRBR	+ 0.93	SENEA
LFVN	+ 0.86	BRBR
LFVN	+ 0.84	PPC
BRBR	+ 0.82	PPC
LFVN	+ 0.76	SENEA

High negative correlations

JBSS	- 0.81	PPC
BRBR	- 0.72	JBSS
LWAY	- 0.6	CENTA
SENEA	- 0.6	JBSS
LWAY	- 0.58	CENT
LFVN	- 0.58	JBSS

Risk-Adjusted Indicators

There is a big difference between Planting Pink Sheet performing well and Planting Hope 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 Planting Hope'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
BRFS	1.67	0.16	0.03	1.35	2.07	(1.76)	3.70	(3.36)	9.87
PPC	1.68	0.23	0.05	2.87	2.20	(1.83)	3.57	(3.42)	13.48
JBSS	1.17	(0.16)	0.00	(0.03)	0.00	0.00	1.97	(2.16)	12.01
SENEA	1.19	0.23	0.12	0.36	1.45	(1.34)	2.87	(1.85)	11.87
BRID	1.53	0.24	0.09	0.78	1.52	(1.80)	4.07	(2.70)	9.39
CENTA	1.32	(0.02)	0.00	0.10	1.37	(1.48)	2.81	(2.72)	6.82
BRBR	0.93	0.42	0.32	1.55	0.57	(1.14)	2.61	(1.63)	5.32
CENT	1.30	0.02	0.01	0.13	1.36	(1.48)	2.81	(2.33)	6.39
LWAY	2.01	0.25	0.08	0.62	2.24	(2.38)	4.86	(4.28)	31.34
LFVN	3.14	0.76	0.20	6.37	2.90	(3.73)	7.93	(5.43)	18.13

Be your own money manager

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

Mara Ebert	Chief Officer	Profile
Kohmela Grier	Chief Officer	Profile
Julia Stamberger	CEO Board	Profile
BHK MBA	Co Sec	Profile
Susan WaltersFlood	Chief Officer	Profile

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