Pinetree Capital Correlations

PNPFF Stock

USD 7.08 0.05 0.71%

The current 90-days correlation between Pinetree Capital and Arcane Crypto AB is 0.43 (i.e., Very weak diversification). The correlation of Pinetree Capital 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.

Pinetree Capital Correlation With Market

Significant diversification

The correlation between Pinetree Capital and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinetree Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pinetree Pink Sheet

0.79	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.84	MZHOF	Mizuho Financial	Pair Corr
0.8	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.87	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.88	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.89	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr

Moving against Pinetree Pink Sheet

0.9	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.89	PPERY	Bank Mandiri Persero	Pair Corr
0.86	BKRKY	Bank Rakyat	Pair Corr
0.85	PPERF	Bank Mandiri Persero	Pair Corr
0.8	PBCRY	Bank Central Asia	Pair Corr
0.8	PTBRY	Bank Negara Indonesia	Pair Corr
0.78	BKRKF	PT Bank Rakyat	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.45	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.36	MCD	McDonalds Sell-off Trend	Pair Corr
0.33	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	SPNNF	OZFRY	APPCF	GRNBF	ARCNF	EBML	MATEF
SPNNF		0.0	0.0	0.0	0.0	0.0	0.0	SPNNF
OZFRY	0.0		0.66	-0.14	0.36	0.08	-0.17	OZFRY
APPCF	0.0	0.66		-0.63	-0.19	-0.45	0.43	APPCF
GRNBF	0.0	-0.14	-0.63		0.64	0.69	-0.75	GRNBF
ARCNF	0.0	0.36	-0.19	0.64		0.57	-0.47	ARCNF
EBML	0.0	0.08	-0.45	0.69	0.57		-0.73	EBML
MATEF	0.0	-0.17	0.43	-0.75	-0.47	-0.73		MATEF
	SPNNF	OZFRY	APPCF	GRNBF	ARCNF	EBML	MATEF

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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

EBML	+ 0.69	GRNBF
APPCF	+ 0.66	OZFRY
ARCNF	+ 0.64	GRNBF
EBML	+ 0.57	ARCNF
MATEF	+ 0.43	APPCF
ARCNF	+ 0.36	OZFRY

High negative correlations

MATEF	- 0.75	GRNBF
MATEF	- 0.73	EBML
GRNBF	- 0.63	APPCF
MATEF	- 0.47	ARCNF
EBML	- 0.45	APPCF
ARCNF	- 0.19	APPCF

Risk-Adjusted Indicators

There is a big difference between Pinetree Pink Sheet performing well and Pinetree Capital 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 Pinetree Capital'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
SPNNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OZFRY	2.01	0.38	0.00	46.70	0.00	0.00	0.00	0.00	107.25
APPCF	0.30	0.17	0.00	(0.46)	0.00	0.00	0.00	0.00	10.00
GRNBF	8.33	(0.34)	0.00	(16.91)	0.00	0.00	37.31	(30.48)	125.91
ARCNF	2.69	(1.46)	0.00	(1.39)	0.00	0.00	0.00	0.00	90.00
EBML	13.57	1.29	0.03	(0.39)	15.74	(45.83)	33.33	(40.00)	150.00
MATEF	8.96	2.90	0.15	(10.17)	7.08	(29.67)	33.10	(16.90)	118.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pinetree Capital 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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