TD Comfort Correlations

0P0001FAU5

CAD 17.94 0.04 0.22%

The current 90-days correlation between TD Comfort Aggressive and Fidelity Tactical High is -0.08 (i.e., Good diversification). The correlation of TD Comfort 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.

TD Comfort Correlation With Market

Average diversification

The correlation between TD Comfort Aggressive and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TD Comfort Aggressive and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 0P0001FAU5 Fund

0.74

0P0000MOTX

Manulife Global Equity

Pair Corr

Related Correlations Analysis

	0P0001FAU5	FTHI	0P00007694	BLB-UN	0P0001N8MZ	HIG	0P0000VPWA	0P000070HA	0P000077FS
0P0001FAU5		0.84	0.11	-0.38	0.44	-0.23	0.9	0.89	0.36	0P0001FAU5
FTHI	0.84		-0.18	-0.61	0.19	-0.42	0.85	0.9	0.06	FTHI
0P00007694	0.11	-0.18		0.31	0.2	0.49	0.19	-0.21	0.73	0P00007694
BLB-UN	-0.38	-0.61	0.31		0.29	0.6	-0.41	-0.56	0.22	BLB-UN
0P0001N8MZ	0.44	0.19	0.2	0.29		0.29	0.28	0.17	0.29	0P0001N8MZ
HIG	-0.23	-0.42	0.49	0.6	0.29		-0.16	-0.56	0.6	HIG
0P0000VPWA	0.9	0.85	0.19	-0.41	0.28	-0.16		0.8	0.45	0P0000VPWA
0P000070HA	0.89	0.9	-0.21	-0.56	0.17	-0.56	0.8		-0.02	0P000070HA
0P000077FS	0.36	0.06	0.73	0.22	0.29	0.6	0.45	-0.02		0P000077FS
	0P0001FAU5	FTHI	0P00007694	BLB-UN	0P0001N8MZ	HIG	0P0000VPWA	0P000070HA	0P000077FS

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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

0P0000VPWA	+ 0.9	0P0001FAU5
0P000070HA	+ 0.9	FTHI
0P000070HA	+ 0.89	0P0001FAU5
0P0000VPWA	+ 0.85	FTHI
FTHI	+ 0.84	0P0001FAU5
0P000070HA	+ 0.8	0P0000VPWA

High negative correlations

BLB-UN	- 0.61	FTHI
0P000070HA	- 0.56	HIG
0P000070HA	- 0.56	BLB-UN
HIG	- 0.42	FTHI
0P0000VPWA	- 0.41	BLB-UN
BLB-UN	- 0.38	0P0001FAU5

Risk-Adjusted Indicators

There is a big difference between 0P0001FAU5 Fund performing well and TD Comfort 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 TD Comfort'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
0P0001FAU5	0.41	0.06	(0.04)	0.90	0.43	(0.50)	0.85	(1.13)	3.39
FTHI	0.55	0.15	0.14	0.65	0.25	(0.75)	1.40	(0.91)	3.21
0P00007694	0.57	(0.05)	0.00	(0.17)	0.00	0.00	1.00	(1.25)	7.37
BLB-UN	0.56	(0.08)	0.00	(0.43)	0.00	0.00	2.29	(2.02)	10.67
0P0001N8MZ	0.56	0.04	(0.06)	14.36	0.70	(0.55)	1.19	(1.09)	2.97
HIG	0.67	(0.06)	0.00	(0.11)	0.00	0.00	1.29	(1.27)	4.54
0P0000VPWA	0.28	0.02	(0.18)	0.76	0.27	(0.33)	0.54	(0.53)	1.84
0P000070HA	1.32	0.26	0.11	2.13	1.49	(1.52)	2.77	(2.78)	9.69
0P000077FS	0.39	(0.02)	0.00	(0.14)	0.00	0.00	0.73	(0.89)	2.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in TD Comfort 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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