Adcore Correlations

Stocks . Canada . 
Stock . Adcore Inc
ADCO Stock  CAD 0.14  0.01  6.67%   
The current 90-days correlation between Adcore Inc and AirIQ Inc is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adcore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adcore Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adcore Correlation With Market

Very good diversification

The correlation between Adcore Inc and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adcore Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Adcore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adcore 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 Adcore - 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 Adcore Inc to buy it.

Moving together with Adcore Stock

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Moving against Adcore Stock

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Related Correlations Analysis


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

MYID
+ 0.82
RIWI
RIWI
+ 0.73
NBVA
MYID
+ 0.73
NBVA
VRTS
+ 0.36
MYID
VRTS
+ 0.35
RIWI
VRTS
+ 0.33
IQ
  

High negative correlations

WISH
- 0.32
IQ
VRTS
- 0.21
WISH
WISH
- 0.03
RIWI

Risk-Adjusted Indicators

There is a big difference between Adcore Stock performing well and Adcore 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 Adcore'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Adcore 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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Adcore Corporate Management

Elected by the shareholders, the Adcore's board of directors comprises two types of representatives: Adcore inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adcore. The board's role is to monitor Adcore's management team and ensure that shareholders' interests are well served. Adcore'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, Adcore's outside directors are responsible for providing unbiased perspectives on the board's policies.
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