SITO Mobile Correlations

SITOQDelisted Stock  USD 0  0.00  0.00%   
The current 90-days correlation between SITO Mobile and Crexendo is -0.01 (i.e., Good diversification). The correlation of SITO Mobile 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SITO Mobile Correlation With Market

Good diversification

The correlation between SITO Mobile and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SITO Mobile and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SITO Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SITO Mobile 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 SITO Mobile - 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 SITO Mobile to buy it.

Moving together with SITO Pink Sheet

  0.79NTTYY Nippon TelegraphPairCorr

Moving against SITO Pink Sheet

  0.6PBCRY Bank Central AsiaPairCorr
  0.52VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.46PPERY Bank Mandiri PerseroPairCorr
  0.43TLK Telkom Indonesia TbkPairCorr
  0.42PBCRF PT Bank CentralPairCorr
  0.42BKRKY Bank RakyatPairCorr
  0.69GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.55KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.51PFE Pfizer Inc Potential GrowthPairCorr
  0.39MRK Merck Company Fiscal Year End 6th of February 2025 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   
VODORAN
VODVIV
ORANVIV
ORANTLTZY
VODTLTZY
AMXVIV
  
High negative correlations   
TVOD
TVIV
TORAN
TAMX
TTLTZY
ORANCXDO

Risk-Adjusted Indicators

There is a big difference between SITO Pink Sheet performing well and SITO Mobile 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 SITO Mobile'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ATGN  4.02 (0.82) 0.00 (7.83) 0.00 
 11.43 
 33.98 
TLTZY  1.75 (0.10) 0.00 (0.31) 0.00 
 3.41 
 17.50 
SMNUF  2.96 (0.61) 0.00  3.41  0.00 
 7.74 
 69.48 
CXDO  2.85  0.02  0.03  0.15  3.40 
 5.99 
 27.30 
VIV  1.25 (0.19) 0.00 (0.96) 0.00 
 2.43 
 7.84 
ORAN  0.86 (0.16) 0.00 (0.98) 0.00 
 1.57 
 5.57 
VOD  1.02 (0.20) 0.00 (0.28) 0.00 
 2.06 
 11.18 
TV  2.86  0.11 (0.01)(0.27) 4.17 
 5.38 
 20.33 
AMX  1.13 (0.17) 0.00 (0.15) 0.00 
 2.26 
 7.18 
T  0.99  0.23  0.09  4.68  0.94 
 2.56 
 6.59 

View SITO Mobile Related Equities

 Risk & Return  Correlation

SITO Mobile Corporate Management

Still Interested in SITO Mobile?

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.