Red Light Correlations
| TRUFF Stock | USD 0.03 0 10.00% |
The current 90-days correlation between Red Light Holland and Grey Cloak Tech is -0.05 (i.e., Good diversification). The correlation of Red Light 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.
Red Light Correlation With Market
Average diversification
The correlation between Red Light Holland and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Red Light Holland and DJI in the same portfolio, assuming nothing else is changed.
Red |
The ability to find closely correlated positions to Red Light could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Light 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 Red Light - 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 Red Light Holland to buy it.
Moving against Red OTC Stock
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| 0.55 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.55 | PBCRY | Bank Central Asia | PairCorr |
| 0.54 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.53 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.5 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.5 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.49 | BKRKY | Bank Rakyat | PairCorr |
| 0.48 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.46 | HLN | Haleon plc | PairCorr |
| 0.46 | HLNCF | Haleon plc | PairCorr |
| 0.45 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.41 | TKPHF | Takeda Pharmaceutical | PairCorr |
| 0.36 | PBCRF | PT Bank Central | PairCorr |
| 0.32 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.64 | PFE | Pfizer Inc Buyout Trend | PairCorr |
| 0.55 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.45 | MRK | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Red OTC Stock performing well and Red Light 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 Red Light'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KOAN | 16.96 | 5.73 | 0.24 | (0.64) | 12.80 | 45.92 | 341.24 | |||
| SILFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HYEX | 6.72 | 0.41 | 0.03 | 0.11 | 9.35 | 25.00 | 85.95 | |||
| BLEVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LOBEF | 178.25 | 91.85 | 1.86 | (2.91) | 32.49 | 892.31 | 1,267 | |||
| MYCOF | 24.57 | 3.73 | 0.12 | 0.54 | 21.28 | 55.56 | 180.56 | |||
| CWBHF | 2.80 | (0.36) | 0.00 | 0.47 | 0.00 | 7.69 | 21.03 | |||
| AQSZF | 3.83 | (0.93) | 0.00 | (0.45) | 0.00 | 7.84 | 54.76 | |||
| LITH | 2.24 | (1.23) | 0.00 | (0.77) | 0.00 | 0.00 | 0.00 | |||
| WLDFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Red Light 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.Did you try this?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Red Light Corporate Management
Elected by the shareholders, the Red Light's board of directors comprises two types of representatives: Red Light inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Red. The board's role is to monitor Red Light's management team and ensure that shareholders' interests are well served. Red Light's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Red Light's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Todd Shapiro | CEO CoFounder | Profile | |
| Hans Derix | President | Profile | |
| Frederick Vance | Chief Inc | Profile | |
| Karim Rashid | Head Design | Profile | |
| Ridley Doolittle | Chief Officer | Profile | |
| David CA | Chief Officer | Profile | |
| Russell Peters | Chief Officer | Profile |