Alithya Correlations

ALYAF Stock

1.22 0.01 0.81%

The current 90-days correlation between Alithya Group and Appen Limited is 0.07 (i.e., Significant diversification). The correlation of Alithya 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.

Alithya Correlation With Market

Modest diversification

The correlation between Alithya Group 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 Alithya Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alithya Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alithya Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Alithya Stock

0.65	FISV	Fiserv, Common Stock Symbol Change	Pair Corr
0.62	POET	POET Technologies Tech Boost	Pair Corr

Moving against Alithya Stock

0.57	DLMAF	Dollarama	Pair Corr
0.54	CUB	Lionheart Holdings	Pair Corr
0.52	CTSH	Cognizant Technology	Pair Corr
0.51	LION	Lionsgate Studios Holding	Pair Corr
0.4	CGEMY	Capgemini SE ADR	Pair Corr
0.39	CAPMF	Capgemini SE	Pair Corr
0.39	MKSI	MKS Instruments	Pair Corr
0.38	IBM	International Business	Pair Corr
0.37	INFY	Infosys Ltd ADR	Pair Corr
0.67	BBAR	BBVA Banco Frances	Pair Corr
0.5	BWVI	Blue Water Ventures	Pair Corr
0.49	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.43	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.39	ECOX	Eco Innovation Group	Pair Corr
0.36	GPCR	Structure Therapeutics	Pair Corr
0.35	CSW	CSW Industrials, Symbol Change	Pair Corr
0.6	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.6	WEGZY	WEG SA ADR	Pair Corr
0.56	BKOR	Oak Ridge Financial	Pair Corr
0.53	BNR	Burning Rock Biotech	Pair Corr
0.48	CRVS	Corvus Pharmaceuticals	Pair Corr
0.47	CBGL	Cannabis Global	Pair Corr

Related Correlations Analysis

	APPEF	CNGFF	DCHIY	FCCN	QSCGF	SDIIF	WONDF	ADPXY	FHGDF	TDMMF
APPEF		0.0	0.57	-0.14	-0.18	0.4	-0.04	-0.26	-0.18	0.52	APPEF
CNGFF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CNGFF
DCHIY	0.57	0.0		-0.42	-0.44	0.48	0.38	-0.75	-0.77	0.82	DCHIY
FCCN	-0.14	0.0	-0.42		0.14	-0.26	0.08	0.24	0.43	-0.41	FCCN
QSCGF	-0.18	0.0	-0.44	0.14		-0.29	-0.71	0.42	0.39	-0.25	QSCGF
SDIIF	0.4	0.0	0.48	-0.26	-0.29		0.1	-0.23	-0.15	0.07	SDIIF
WONDF	-0.04	0.0	0.38	0.08	-0.71	0.1		-0.53	-0.51	0.2	WONDF
ADPXY	-0.26	0.0	-0.75	0.24	0.42	-0.23	-0.53		0.79	-0.55	ADPXY
FHGDF	-0.18	0.0	-0.77	0.43	0.39	-0.15	-0.51	0.79		-0.7	FHGDF
TDMMF	0.52	0.0	0.82	-0.41	-0.25	0.07	0.2	-0.55	-0.7		TDMMF
	APPEF	CNGFF	DCHIY	FCCN	QSCGF	SDIIF	WONDF	ADPXY	FHGDF	TDMMF

Please upgrade your account to get full access to Macroaxis premium features

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

TDMMF	+ 0.82	DCHIY
FHGDF	+ 0.79	ADPXY
DCHIY	+ 0.57	APPEF
TDMMF	+ 0.52	APPEF
SDIIF	+ 0.48	DCHIY
FHGDF	+ 0.43	FCCN

High negative correlations

FHGDF	- 0.77	DCHIY
ADPXY	- 0.75	DCHIY
WONDF	- 0.71	QSCGF
TDMMF	- 0.7	FHGDF
TDMMF	- 0.55	ADPXY
ADPXY	- 0.53	WONDF

Risk-Adjusted Indicators

There is a big difference between Alithya Stock performing well and Alithya 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 Alithya'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
APPEF	1.33	0.32	0.00	(0.42)	0.00	0.00	6.00	(1.89)	30.35
CNGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCHIY	0.56	(0.30)	0.00	4.14	0.00	0.00	0.00	0.00	9.76
FCCN	3.21	1.28	0.40	(1.56)	2.03	(4.88)	6.48	(3.81)	46.13
QSCGF	1.46	0.35	0.00	(0.57)	0.00	0.00	0.00	0.00	38.78
SDIIF	0.46	(0.25)	0.00	(5.39)	0.00	0.00	0.00	0.00	6.20
WONDF	2.20	(0.06)	0.00	0.19	0.00	0.00	5.56	(5.26)	10.82
ADPXY	2.06	0.76	0.00	1.07	0.00	0.00	1.50	0.00	58.48
FHGDF	2.08	0.68	0.00	0.73	0.00	0.00	0.00	0.00	37.66
TDMMF	1.67	0.20	0.00	(0.74)	0.00	0.00	0.00	0.00	42.00

Alithya Corporate Management

Nigel Fonseca	Senior Canada	Profile
Giulia Cirillo	Chief Officer	Profile
John Scandar	Senior Practice	Profile
Bernard Dockrill	Chief Officer	Profile
Mike Feldman	Senior Transformation	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC