AutoCanada Correlations
| AOCIF Stock | USD 19.48 0.15 0.76% |
The current 90-days correlation between AutoCanada and Bee Vectoring Technologies is -0.03 (i.e., Good diversification). The correlation of AutoCanada 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.
AutoCanada Correlation With Market
Very poor diversification
The correlation between AutoCanada and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AutoCanada and DJI in the same portfolio, assuming nothing else is changed.
AutoCanada |
The ability to find closely correlated positions to AutoCanada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoCanada 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 AutoCanada - 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 AutoCanada to buy it.
Moving together with AutoCanada Pink Sheet
| 0.82 | KB | KB Financial Group | PairCorr |
| 0.83 | SHG | Shinhan Financial | PairCorr |
| 0.86 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.93 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.81 | WF | Woori Financial Group | PairCorr |
| 0.88 | BNL | Broadstone Net Lease Sell-off Trend | PairCorr |
| 0.9 | BCO | Brinks Company | PairCorr |
| 0.79 | NTRSO | Northern Trust | PairCorr |
| 0.96 | IFS | Intercorp Financial | PairCorr |
| 0.89 | JNJ | Johnson Johnson | PairCorr |
| 0.89 | MEEEF | Metal Energy Corp | PairCorr |
| 0.83 | TG | Tredegar | PairCorr |
| 0.62 | CRNZF | Cairn Energy PLC | PairCorr |
| 0.92 | INGR | Ingredion Incorporated | PairCorr |
| 0.8 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.8 | GRBK | Green Brick Partners Downward Rally | PairCorr |
| 0.91 | ALFVF | Alfa Laval AB | PairCorr |
| 0.88 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.81 | ADEA | ADEIA P | PairCorr |
| 0.87 | WEJTY | Webjet Limited | PairCorr |
| 0.87 | GEL | Genesis Energy LP | PairCorr |
| 0.83 | CAPL | Crossamerica Partners | PairCorr |
| 0.85 | TRP | TC Energy Corp | PairCorr |
| 0.77 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.75 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.92 | CMI | Cummins | PairCorr |
| 0.86 | SOJE | Southern Company | PairCorr |
| 0.75 | FMFP | First Community Financial | PairCorr |
Moving against AutoCanada Pink Sheet
| 0.79 | VFSWW | VinFast Auto | PairCorr |
| 0.43 | EYPT | Eyepoint Pharmaceuticals Earnings Call This Week | PairCorr |
| 0.34 | TLK | Telkom Indonesia Tbk | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AutoCanada Pink Sheet performing well and AutoCanada 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 AutoCanada'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HLLXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMLL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DFIFF | 76.88 | 40.46 | 0.62 | (0.89) | 20.10 | 85.45 | 886.10 | |||
| FEXXF | 29.78 | 18.89 | 0.00 | (0.33) | 0.00 | 0.00 | 948.47 | |||
| RMDFF | 10.69 | 4.98 | 0.00 | 1.00 | 0.00 | 0.00 | 358.33 | |||
| WSRUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CATTF | 13.20 | 3.03 | 0.11 | 1.11 | 10.63 | 52.31 | 184.38 | |||
| CDELF | 2.50 | (1.15) | 0.00 | 0.70 | 0.00 | 0.00 | 60.00 | |||
| BEVVF | 101.54 | 45.26 | 0.00 | 1.01 | 0.00 | 0.00 | 3,400 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AutoCanada 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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AutoCanada Corporate Management
| Jim Douvas | VP Operations | Profile | |
| Jennifer Lennox | VP Culture | Profile | |
| Jeffrey Thorpe | Pres Operations | Profile | |
| Lee Wittick | VP Relations | Profile | |
| Casey Charleson | VP Fin | Profile | |
| Michael Borys | Chief Officer | Profile |