Altagas Correlations
| ALA-PG Preferred Stock | CAD 22.99 0.01 0.04% |
The current 90-days correlation between Altagas Pref and E Split Corp is 0.11 (i.e., Average diversification). The correlation of Altagas 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.
Altagas Correlation With Market
Modest diversification
The correlation between Altagas Ltd Pref and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altagas Ltd Pref and DJI in the same portfolio, assuming nothing else is changed.
Altagas |
The ability to find closely correlated positions to Altagas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altagas 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 Altagas - 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 Altagas Ltd Pref to buy it.
Moving together with Altagas Preferred Stock
Moving against Altagas Preferred Stock
| 0.47 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.44 | SAGE | Sage Potash Corp | PairCorr |
| 0.39 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.38 | ENS | E Split Corp | PairCorr |
| 0.37 | VISA | Visa Inc CDR | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Altagas 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.Did you try this?
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Altagas Corporate Management
Elected by the shareholders, the Altagas' board of directors comprises two types of representatives: Altagas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altagas. The board's role is to monitor Altagas' management team and ensure that shareholders' interests are well served. Altagas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altagas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| BComm Esq | Chief VP | Profile | |
| Randall Crawford | CEO Pres | Profile | |
| James Shelford | VP Commercial | Profile | |
| David Anderson | Senior Safety | Profile | |
| Esq BComm | Ex Officer | Profile | |
| Jon Morrison | Senior Development | Profile |