Compass Maximum Correlations

0P0000G368

CAD 43.00 0.15 0.35%

The current 90-days correlation between Compass Maximum Growth and 0P000075GQ is 0.3 (i.e., Weak diversification). The correlation of Compass Maximum 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.

Compass Maximum Correlation With Market

Very weak diversification

The correlation between Compass Maximum Growth and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compass Maximum Growth and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Compass Fund

0.8	0P0000738U	RBC Global Dividend	Pair Corr
0.79	0P0001C8AE	Fidelity Global Inno	Pair Corr
0.89	0P000072UA	Invesco Global Companies	Pair Corr
0.95	0P0000MOTX	Manulife Global Equity	Pair Corr

Related Correlations Analysis

	0P000075GQ	0P0000820A	0P000075VF	0P0001AF4R	CIG18006	0P000071W8	0P000077R7	NSDI	SSF-UN
0P000075GQ		-0.15	0.11	0.1	-0.02	0.29	0.16	0.3	0.12	0P000075GQ
0P0000820A	-0.15		0.61	0.67	0.43	0.42	0.73	0.17	-0.53	0P0000820A
0P000075VF	0.11	0.61		0.52	0.25	0.87	0.89	0.51	-0.2	0P000075VF
0P0001AF4R	0.1	0.67	0.52		0.57	0.37	0.63	-0.08	-0.74	0P0001AF4R
CIG18006	-0.02	0.43	0.25	0.57		0.38	0.41	-0.3	-0.61	CIG18006
0P000071W8	0.29	0.42	0.87	0.37	0.38		0.85	0.44	-0.07	0P000071W8
0P000077R7	0.16	0.73	0.89	0.63	0.41	0.85		0.37	-0.24	0P000077R7
NSDI	0.3	0.17	0.51	-0.08	-0.3	0.44	0.37		0.32	NSDI
SSF-UN	0.12	-0.53	-0.2	-0.74	-0.61	-0.07	-0.24	0.32		SSF-UN
	0P000075GQ	0P0000820A	0P000075VF	0P0001AF4R	CIG18006	0P000071W8	0P000077R7	NSDI	SSF-UN

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

0P000077R7	+ 0.89	0P000075VF
0P000071W8	+ 0.87	0P000075VF
0P000077R7	+ 0.85	0P000071W8
0P000077R7	+ 0.73	0P0000820A
0P0001AF4R	+ 0.67	0P0000820A
0P000077R7	+ 0.63	0P0001AF4R

High negative correlations

SSF-UN	- 0.74	0P0001AF4R
SSF-UN	- 0.61	CIG18006
SSF-UN	- 0.53	0P0000820A
NSDI	- 0.3	CIG18006
SSF-UN	- 0.24	0P000077R7
SSF-UN	- 0.2	0P000075VF

Risk-Adjusted Indicators

There is a big difference between Compass Fund performing well and Compass Maximum 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 Compass Maximum'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
0P000075GQ	0.03	0.00	0.00	(0.51)	0.00	0.00	0.11	(0.11)	0.33
0P0000820A	0.66	(0.05)	0.00	(0.04)	0.00	0.00	1.05	(1.82)	4.83
0P000075VF	0.61	(0.05)	0.00	(0.08)	0.00	0.00	1.20	(1.11)	3.25
0P0001AF4R	0.52	(0.05)	0.00	(0.16)	0.00	0.00	0.89	(1.01)	4.28
CIG18006	1.05	(0.12)	0.00	(0.18)	0.00	0.00	2.09	(3.08)	5.90
0P000071W8	0.60	(0.03)	(0.07)	(0.02)	0.88	(0.59)	1.22	(1.30)	3.49
0P000077R7	0.60	(0.03)	(0.07)	(0.01)	0.88	(0.55)	1.22	(1.23)	3.59
NSDI	0.75	0.01	(0.01)	0.09	0.87	(1.02)	1.83	(1.96)	5.06
SSF-UN	0.32	0.01	(0.08)	0.20	0.36	(0.46)	0.80	(0.63)	2.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compass Maximum 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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