Aritzia Correlations

ATZ Stock

CAD 118.63 4.00 3.49%

The current 90-days correlation between Aritzia and Canadian Tire is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aritzia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aritzia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aritzia Correlation With Market

Poor diversification

The correlation between Aritzia and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aritzia and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aritzia Stock

0.64	NICU	Magna Mining	Pair Corr
0.81	CIA	Champion Iron	Pair Corr
0.62	LOVE	Cannara Biotech	Pair Corr
0.61	QNC	Quantum eMotion Corp	Pair Corr
0.72	SBI	Serabi Gold PLC	Pair Corr
0.71	AGI	Alamos Gold Earnings Call This Week	Pair Corr
0.61	PSLV	Sprott Physical Silver	Pair Corr
0.72	YES	CHAR Technologies	Pair Corr
0.76	MS	Morgan Stanley CDR	Pair Corr
0.69	MG	Magna International	Pair Corr
0.64	VCI	Vitreous Glass	Pair Corr
0.62	BPF-UN	Boston Pizza Royalties	Pair Corr
0.77	PDV	Prime Dividend Corp	Pair Corr

Moving against Aritzia Stock

0.36

ATH

Athabasca Oil Corp

Pair Corr

Related Correlations Analysis

	CTC	CTC-A	DOO	GIL	LNR	GOOS	PET	ROOT	CCL-B	LNF
CTC		-0.79	-0.62	-0.84	-0.89	0.43	0.07	0.66	-0.52	-0.02	CTC
CTC-A	-0.79		0.46	0.8	0.75	-0.37	0.07	-0.55	0.5	-0.09	CTC-A
DOO	-0.62	0.46		0.68	0.71	-0.34	0.3	-0.28	0.11	0.27	DOO
GIL	-0.84	0.8	0.68		0.92	-0.63	0.05	-0.7	0.43	-0.12	GIL
LNR	-0.89	0.75	0.71	0.92		-0.51	0.04	-0.67	0.51	-0.04	LNR
GOOS	0.43	-0.37	-0.34	-0.63	-0.51		-0.11	0.5	0.04	0.32	GOOS
PET	0.07	0.07	0.3	0.05	0.04	-0.11		0.27	0.04	0.31	PET
ROOT	0.66	-0.55	-0.28	-0.7	-0.67	0.5	0.27		-0.44	0.13	ROOT
CCL-B	-0.52	0.5	0.11	0.43	0.51	0.04	0.04	-0.44		0.05	CCL-B
LNF	-0.02	-0.09	0.27	-0.12	-0.04	0.32	0.31	0.13	0.05		LNF
	CTC	CTC-A	DOO	GIL	LNR	GOOS	PET	ROOT	CCL-B	LNF

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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

LNR	+ 0.92	GIL
GIL	+ 0.8	CTC-A
LNR	+ 0.75	CTC-A
LNR	+ 0.71	DOO
GIL	+ 0.68	DOO
ROOT	+ 0.66	CTC

High negative correlations

LNR	- 0.89	CTC
GIL	- 0.84	CTC
CTC-A	- 0.79	CTC
ROOT	- 0.7	GIL
ROOT	- 0.67	LNR
GOOS	- 0.63	GIL

Risk-Adjusted Indicators

There is a big difference between Aritzia Stock performing well and Aritzia 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 Aritzia'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
CTC	1.06	(0.25)	0.00	(1.34)	0.00	0.00	2.29	(2.87)	8.34
CTC-A	0.79	0.07	0.01	(8.56)	0.83	(0.85)	1.88	(1.37)	4.59
DOO	1.65	0.23	0.11	0.34	1.76	(1.93)	4.92	(2.78)	13.29
GIL	1.33	0.31	0.23	0.51	0.97	(1.62)	4.63	(2.14)	8.10
LNR	1.26	0.34	0.24	0.75	0.91	(1.44)	4.21	(2.04)	8.76
GOOS	2.26	(0.16)	0.00	(0.06)	0.00	0.00	4.68	(4.83)	24.28
PET	1.11	(0.02)	(0.05)	0.00	1.21	(1.32)	2.67	(2.14)	7.34
ROOT	1.40	(0.13)	0.00	(0.10)	0.00	0.00	2.51	(3.82)	9.74
CCL-B	1.14	0.07	0.03	0.20	1.33	(1.18)	1.89	(1.75)	10.95
LNF	0.92	(0.07)	0.00	(0.10)	0.00	0.00	1.80	(2.12)	9.71

Be your own money manager

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

Elected by the shareholders, the Aritzia's board of directors comprises two types of representatives: Aritzia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aritzia. The board's role is to monitor Aritzia's management team and ensure that shareholders' interests are well served. Aritzia's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aritzia's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jed Paulson	Senior Vice President - Digital	Profile
Dave MacIver	Chief Officer	Profile
John Currie	Lead Independent Director	Profile
Margot Johnson	Chief Officer	Profile
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