Resolute Performance Correlations

0P000075B1

CAD 120.28 5.79 5.06%

The current 90-days correlation between Resolute Performance and Edgepoint Global Portfolio is -0.12 (i.e., Good diversification). The correlation of Resolute Performance 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.

Resolute Performance Correlation With Market

Poor diversification

The correlation between Resolute Performance and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resolute Performance and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Resolute Fund

0.79	0P0000706A	RBC Select Balanced	Pair Corr
0.79	0P0000S9O7	PIMCO Monthly Income	Pair Corr
0.8	0P0000S9O5	PIMCO Monthly Income	Pair Corr
0.84	0P000072KJ	RBC Canadian Dividend	Pair Corr
0.79	0P00007069	RBC Portefeuille	Pair Corr
0.86	0P0000WJMR	IG Mackenzie Dividend	Pair Corr
0.78	0P0000IUYO	Edgepoint Global Por	Pair Corr
0.81	0P000070CY	CDSPI Canadian Equity	Pair Corr
0.67	0P00007065	RBC mondial dnergie	Pair Corr
0.78	0P0000ZCTA	IG Core Portfolio	Pair Corr
0.79	0P0001K9TH	CIBC Money Market	Pair Corr
0.79	WOMN	BMO WOMEN IN	Pair Corr
0.89	0P000071KM	NEI Clean Infrastructure	Pair Corr
0.85	0P000075KH	NEI Canadian Equity	Pair Corr
0.84	0P0001J62O	Dfa World Equity	Pair Corr
0.79	0P000071QO	CI Money Market	Pair Corr
0.85	0P000071HC	FRIQUE World Dividend	Pair Corr
0.93	0P0001OO5K	NBI Canadian Equity	Pair Corr
0.8	0P000072CO	CI Corporate Bond	Pair Corr
0.84	0P0001OO5L	NBI International Equity	Pair Corr
0.93	0P000074QV	Fidelity Canadian	Pair Corr
0.82	0P0000WJLP	IG Mackenzie European	Pair Corr
0.81	0P00007060	RBC Canadian Money	Pair Corr
0.78	0P00007148	Mawer Canadian Money	Pair Corr
0.9	0P0001H9RM	BMO Monthly Income	Pair Corr
0.82	0P0000VUYE	Manulife Dividend Income	Pair Corr
0.73	0P0001P069	PICTON Multi Strategy	Pair Corr
0.69	0P0000M3Z6	FRIQUE Canadian Dividend	Pair Corr

Related Correlations Analysis

	0P0000706A	0P0000S9O7	0P0000S9O5	0P000072KJ	0P00007069	0P0000WJMR	0P0000IUYO
0P0000706A		0.91	0.9	0.91	1.0	0.97	0.91	0P0000706A
0P0000S9O7	0.91		0.97	0.94	0.91	0.92	0.83	0P0000S9O7
0P0000S9O5	0.9	0.97		0.93	0.9	0.91	0.8	0P0000S9O5
0P000072KJ	0.91	0.94	0.93		0.92	0.97	0.87	0P000072KJ
0P00007069	1.0	0.91	0.9	0.92		0.98	0.92	0P00007069
0P0000WJMR	0.97	0.92	0.91	0.97	0.98		0.94	0P0000WJMR
0P0000IUYO	0.91	0.83	0.8	0.87	0.92	0.94		0P0000IUYO
	0P0000706A	0P0000S9O7	0P0000S9O5	0P000072KJ	0P00007069	0P0000WJMR	0P0000IUYO

Risk-Adjusted Indicators

There is a big difference between Resolute Fund performing well and Resolute Performance Fund 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 Resolute Performance'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
0P0000706A	0.33	0.02	(0.03)	0.15	0.38	(0.34)	0.66	(0.68)	1.85
0P0000S9O7	0.12	0.01	(0.12)	0.50	0.00	(0.15)	0.24	(0.24)	0.71
0P0000S9O5	0.12	0.01	(0.14)	0.43	0.00	(0.16)	0.24	(0.24)	0.71
0P000072KJ	0.45	0.09	0.09	0.98	0.46	(0.49)	0.94	(1.06)	2.27
0P00007069	0.39	0.02	(0.01)	0.17	0.47	(0.40)	0.76	(0.88)	2.33
0P0000WJMR	0.42	0.04	0.02	0.46	0.52	(0.45)	0.75	(1.03)	2.17
0P0000IUYO	0.55	0.05	0.04	0.20	0.50	(0.61)	1.29	(0.90)	3.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Resolute Performance 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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