Alithya Correlations

ALYAF Stock

1.21 0.04 3.42%

The current 90-days correlation between Alithya Group and Appen Limited is -0.04 (i.e., Good 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

Weak diversification

The correlation between Alithya Group and DJI is 0.32 (i.e., Weak 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

0.76

FISV

Fiserv Common Stock Symbol Change

Pair Corr

Moving against Alithya Stock

0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.65	KEP	Korea Electric Power	Pair Corr
0.56	PTITF	PT Indosat Tbk	Pair Corr
0.55	CTSH	Cognizant Technology Sell-off Trend	Pair Corr
0.52	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.51	EC	Ecopetrol SA ADR	Pair Corr
0.51	PTAIY	Astra International Tbk	Pair Corr
0.45	IBM	International Business	Pair Corr
0.41	CGEMY	Capgemini SE ADR	Pair Corr
0.4	NECPY	NEC ADR	Pair Corr
0.39	NCRRP	NCR Corp Pref	Pair Corr
0.39	INFY	Infosys Ltd ADR Aggressive Push	Pair Corr
0.38	CAPMF	Capgemini SE	Pair Corr
0.34	ACN	Accenture plc	Pair Corr
0.58	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.55	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.53	BJRI	BJs Restaurants	Pair Corr
0.5	BKHYY	Bank Hapoalim ADR	Pair Corr
0.44	SYRE	Spyre Therapeutics	Pair Corr
0.43	PDS	Precision Drilling	Pair Corr
0.37	AMPY	Amplify Energy Corp	Pair Corr
0.35	ANF	Abercrombie Fitch	Pair Corr
0.61	COKE	Coca Cola Consolidated	Pair Corr
0.58	FOXA	Fox Corp Class	Pair Corr
0.56	SPG	Simon Property Group	Pair Corr
0.53	CB	Chubb Sell-off Trend	Pair Corr

Related Correlations Analysis

	APPEF	CNGFF	DCHIY	FCCN	QSCGF	SDIIF	WONDF	ADPXY	FHGDF	TDMMF
APPEF		0.0	-0.19	0.69	0.21	-0.65	0.04	0.22	-0.09	0.38	APPEF
CNGFF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CNGFF
DCHIY	-0.19	0.0		-0.66	-0.18	0.57	-0.16	-0.77	-0.66	0.62	DCHIY
FCCN	0.69	0.0	-0.66		0.1	-0.88	0.46	0.38	0.15	0.0	FCCN
QSCGF	0.21	0.0	-0.18	0.1		-0.08	-0.59	0.2	0.31	-0.11	QSCGF
SDIIF	-0.65	0.0	0.57	-0.88	-0.08		-0.35	-0.35	-0.21	-0.08	SDIIF
WONDF	0.04	0.0	-0.16	0.46	-0.59	-0.35		-0.23	-0.35	0.06	WONDF
ADPXY	0.22	0.0	-0.77	0.38	0.2	-0.35	-0.23		0.74	-0.5	ADPXY
FHGDF	-0.09	0.0	-0.66	0.15	0.31	-0.21	-0.35	0.74		-0.6	FHGDF
TDMMF	0.38	0.0	0.62	0.0	-0.11	-0.08	0.06	-0.5	-0.6		TDMMF
	APPEF	CNGFF	DCHIY	FCCN	QSCGF	SDIIF	WONDF	ADPXY	FHGDF	TDMMF

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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

FHGDF	+ 0.74	ADPXY
FCCN	+ 0.69	APPEF
TDMMF	+ 0.62	DCHIY
SDIIF	+ 0.57	DCHIY
WONDF	+ 0.46	FCCN
TDMMF	+ 0.38	APPEF

High negative correlations

SDIIF	- 0.88	FCCN
ADPXY	- 0.77	DCHIY
FHGDF	- 0.66	DCHIY
FCCN	- 0.66	DCHIY
SDIIF	- 0.65	APPEF
TDMMF	- 0.6	FHGDF

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	1.03	0.27	0.00	(0.81)	0.00	0.00	5.88	0.00	18.96
CNGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCHIY	0.42	(0.17)	0.00	0.55	0.00	0.00	0.00	0.00	9.76
FCCN	3.20	1.22	0.36	(3.28)	2.22	(4.72)	4.52	(4.76)	51.06
QSCGF	1.40	0.37	0.00	(0.37)	0.00	0.00	0.00	0.00	38.78
SDIIF	0.27	(0.07)	0.00	0.52	0.00	0.00	0.00	0.00	9.09
WONDF	2.11	(0.10)	0.00	(0.99)	0.00	0.00	5.56	(5.26)	10.82
ADPXY	1.97	0.70	0.00	1.06	0.00	0.00	1.50	0.00	58.48
FHGDF	2.45	0.76	0.00	(0.37)	0.00	0.00	12.50	0.00	61.90
TDMMF	1.67	0.21	0.00	(1.01)	0.00	0.00	0.00	0.00	55.17

Alithya Corporate Management

David Torralbo	Chief Secretary	Profile
Nigel Fonseca	Senior Canada	Profile
Giulia Cirillo	Chief Officer	Profile
John Scandar	Senior Practice	Profile
Bernard Dockrill	Chief Officer	Profile

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