Strategic Asset Correlations

Delisted . USA . 
Stock . Strategic Asset Leasing
LEASDelisted Stock  USD 0.0008  0.0001  14.29%   
The correlation of Strategic Asset is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Strategic Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Strategic Asset Leasing moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, see Correlation Analysis.
  
The ability to find closely correlated positions to Strategic Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Strategic Asset 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 Strategic Asset - 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 Strategic Asset Leasing to buy it.

Moving together with Strategic Asset

+0.71GETRGetaround Symbol ChangePairCorr

Moving against Strategic Asset

-0.67CAICACI INTERNATIONAL INCPairCorr
-0.65FTAIFortress Transp Infra Fiscal Quarter End 31st of March 2023 PairCorr
-0.59PRGPROG Holdings Fiscal Quarter End 31st of March 2023 PairCorr
-0.55ALTGAlta Equipment Group Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CARS
+ 0.94
APTV
MCFT
+ 0.92
APTV
PCAR
+ 0.91
APTV
CARS
+ 0.91
MCFT
MOD
+ 0.87
APTV
MOD
+ 0.87
MCFT
  
High negative correlations   
PRPH
- 0.86
CARS
PRPH
- 0.86
MCFT
PRPH
- 0.85
APTV
PRPH
- 0.82
PCAR
MOD
- 0.8
PRPH
TNDM
- 0.45
CARS

Risk-Adjusted Indicators

Nowadays, there is a big difference between Strategic Pink Sheet performing well and Strategic Asset company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Strategic Asset's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
APTV 1.59  0.30  0.16  0.15  1.64  0.13 (1.92)  3.42 (2.97)  11.80 
PCAR 1.21  0.17  0.11  0.11  1.39  0.1 (1.27)  2.42 (2.42)  11.69 
MCFT 1.68  0.38  0.16  0.27  1.97  0.16 (1.85)  3.83 (3.62)  14.78 
CARS 1.97  0.50  0.21  0.33  1.95  0.17 (2.21)  5.07 (3.34)  17.30 
PRPH 2.44 (0.36)  0.00 (0.41)  0.00 (0.11)  0.00  4.06 (5.73)  15.93 
TNDM 2.65  0.21  0.07  0.11  2.80  0.06 (3.06)  6.09 (4.66)  15.06 
MOD 2.26  0.27  0.07  0.13  3.28  0.08 (2.16)  4.29 (4.76)  14.15 

Strategic Asset Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Strategic Asset pink sheet to make a market-neutral strategy. Peer analysis of Strategic Asset could also be used in its relative valuation, which is a method of valuing Strategic Asset by comparing valuation metrics with similar companies.
Aptiv PLCPACCAR IncMCBC HoldingsCars IncProPhase LabsTandem Diabetes CareModine ManufacturingAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

Strategic Asset Corporate Directors

Strategic Asset corporate directors refer to members of a Strategic Asset board of directors. The board of directors generally takes responsibility for the Strategic Asset's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Strategic Asset's board members must vote for the resolution. The Strategic Asset board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Alfred BouckaertNon-Executive Director, representing Consuco SAProfile
Thierry RousselleNon-Executive Director, representing SiriusConsult SPRLProfile
Jan SuykensNon-Executive DirectorProfile
Michel GeyteCOO, Executive DirectorProfile

Still Interested in Strategic Asset Leasing?

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.
Additionally, see Correlation Analysis. Note that the Strategic Asset Leasing information on this page should be used as a complementary analysis to other Strategic Asset's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Other Consideration for investing in Strategic Pink Sheet

If you are still planning to invest in Strategic Asset Leasing check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Strategic Asset's history and understand the potential risks before investing.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Equity Valuation
Check real value of public entities based on technical and fundamental data
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Equity Valuation
Check real value of public entities based on technical and fundamental data
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2023 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY