Alkaline Water Correlations
| WTERDelisted Stock | USD 0.26 0.02 7.14% |
The correlation of Alkaline Water 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alkaline Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkaline Water 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.
Significant diversification
The correlation between Alkaline Water and NYA is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alkaline Water and NYA in the same portfolio, assuming nothing else is changed.
Alkaline |
The ability to find closely correlated positions to Alkaline Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkaline Water 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 Alkaline Water - 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 Alkaline Water to buy it.
Moving against Alkaline Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alkaline Stock performing well and Alkaline Water 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 Alkaline Water'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JSDA | 3.14 | (0.25) | 0.00 | 0.30 | 0.00 | 7.69 | 25.10 | |||
| ZVIA | 3.59 | (1.08) | 0.00 | (0.51) | 0.00 | 8.33 | 22.78 | |||
| HSEEF | 2.26 | (0.74) | 0.00 | 1.04 | 0.00 | 0.00 | 41.11 | |||
| PRMW | 1.05 | 0.29 | 0.27 | 0.31 | 0.71 | 2.93 | 5.35 | |||
| REED | 5.91 | (0.29) | 0.00 | 0.78 | 0.00 | 12.50 | 56.89 | |||
| FIZZ | 1.16 | (0.15) | 0.00 | (0.11) | 0.00 | 2.35 | 7.21 | |||
| CELH | 2.73 | 0.43 | 0.16 | 0.37 | 2.69 | 5.62 | 28.98 | |||
| MNST | 0.83 | (0.14) | 0.00 | (0.18) | 0.00 | 1.72 | 8.42 | |||
| KOF | 1.19 | 0.03 | (0.01) | 0.15 | 1.47 | 2.62 | 9.62 | |||
| KDP | 0.92 | 0.01 | (0.06) | (0.15) | 1.32 | 1.81 | 5.62 |
View Alkaline Water Related Equities
| Risk & Return | Correlation |
Alkaline Water Corporate Executives
Elected by the shareholders, the Alkaline Water's board of directors comprises two types of representatives: Alkaline Water inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alkaline. The board's role is to monitor Alkaline Water's management team and ensure that shareholders' interests are well served. Alkaline Water'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, Alkaline Water's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Guarino | Secretary, CFO | Profile |
Still Interested in Alkaline Water?
Investing in delisted delisted stocks can be risky, as the stock 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.
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Alkaline Water information on this page should be used as a complementary analysis to other Alkaline Water'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 the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Other Consideration for investing in Alkaline Stock
If you are still planning to invest in Alkaline Water 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 Alkaline Water's history and understand the potential risks before investing.
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