Altus Group Correlations

ASGTF Stock

USD 41.16 0.38 0.93%

The current 90-days correlation between Altus Group Limited and Savills plc is -0.01 (i.e., Good diversification). The correlation of Altus Group 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.

Altus Group Correlation With Market

Average diversification

The correlation between Altus Group Limited and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altus Group Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Altus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Group 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 Altus Group - 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 Altus Group Limited to buy it.

Moving together with Altus Pink Sheet

0.64	OPINL	Office Properties Income	Pair Corr
0.62	TATT	Tat Techno	Pair Corr
0.63	ONDS	Ondas Holdings Aggressive Push	Pair Corr

Moving against Altus Pink Sheet

0.51	KYOCF	Kyocera	Pair Corr
0.49	DNGFF	Dongfang ElectricLimited	Pair Corr
0.47	CSCO	Cisco Systems	Pair Corr
0.41	GM	General Motors	Pair Corr
0.38	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.32	CM	Canadian Imperial Bank	Pair Corr
0.31	KODK	Eastman Kodak	Pair Corr
0.66	STAG	STAG Industrial	Pair Corr
0.6	SMGKF	Smiths Group plc	Pair Corr
0.6	FEMY	Femasys	Pair Corr
0.59	EOLS	Evolus Inc	Pair Corr
0.54	ADC	Agree Realty	Pair Corr
0.53	68233JBP8	US68233JBP84	Pair Corr
0.5	AAPL	Apple Inc	Pair Corr
0.48	EGP	EastGroup Properties	Pair Corr
0.38	PHAR	Pharming Group NV	Pair Corr

Related Correlations Analysis

	SVLPF	GRGTF	DUSCF	WIHLY	GRNNF	SRRLF	CNPPF	ENTOF	INGEF	FRSHY
SVLPF		0.42	0.0	0.0	0.77	0.43	-0.23	-0.58	0.38	0.0	SVLPF
GRGTF	0.42		0.0	0.0	0.43	0.01	-0.2	-0.5	0.07	0.0	GRGTF
DUSCF	0.0	0.0		-1.0	0.0	0.0	0.0	0.0	0.0	0.0	DUSCF
WIHLY	0.0	0.0	-1.0		0.0	0.0	0.0	0.0	0.0	0.0	WIHLY
GRNNF	0.77	0.43	0.0	0.0		0.64	-0.05	-0.21	0.38	0.0	GRNNF
SRRLF	0.43	0.01	0.0	0.0	0.64		0.06	0.19	0.31	0.0	SRRLF
CNPPF	-0.23	-0.2	0.0	0.0	-0.05	0.06		0.39	-0.03	0.0	CNPPF
ENTOF	-0.58	-0.5	0.0	0.0	-0.21	0.19	0.39		-0.28	0.0	ENTOF
INGEF	0.38	0.07	0.0	0.0	0.38	0.31	-0.03	-0.28		0.0	INGEF
FRSHY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FRSHY
	SVLPF	GRGTF	DUSCF	WIHLY	GRNNF	SRRLF	CNPPF	ENTOF	INGEF	FRSHY

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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

GRNNF	+ 0.77	SVLPF
SRRLF	+ 0.64	GRNNF
SRRLF	+ 0.43	SVLPF
GRNNF	+ 0.43	GRGTF
GRGTF	+ 0.42	SVLPF
ENTOF	+ 0.39	CNPPF

High negative correlations

WIHLY	- 1.0	DUSCF
ENTOF	- 0.58	SVLPF
ENTOF	- 0.5	GRGTF
INGEF	- 0.28	ENTOF
CNPPF	- 0.23	SVLPF
ENTOF	- 0.21	GRNNF

Risk-Adjusted Indicators

There is a big difference between Altus Pink Sheet performing well and Altus Group 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 Altus Group'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
SVLPF	0.32	(0.16)	0.00	(38.30)	0.00	0.00	0.00	0.00	9.25
GRGTF	0.30	(0.09)	0.00	0.70	0.00	0.00	0.00	0.00	10.74
DUSCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WIHLY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRNNF	0.34	(0.06)	0.00	0.21	0.00	0.00	0.00	0.00	11.85
SRRLF	0.44	(0.02)	0.00	(0.10)	0.00	0.00	3.08	(1.52)	9.95
CNPPF	0.72	0.15	0.00	0.20	0.00	0.00	0.00	0.00	23.33
ENTOF	0.03	0.00	0.00	0.12	0.00	0.00	0.00	0.00	0.90
INGEF	2.55	0.30	0.02	(1.32)	3.73	(21.31)	7.62	(8.85)	59.64
FRSHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

Kim Carter	Chief Officer	Profile
Jim Hannon	Chief Officer	Profile
Angelo Bartolini	Chief Officer	Profile
TerrieLynne Devonish	Chief Sec	Profile
Jorge Blanco	Pres Officer	Profile

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