Bombardier Correlations

BDRPFDelisted Stock

USD 9.25 0.00 0.00%

The current 90-days correlation between Bombardier and Hensoldt AG is -0.01 (i.e., Good diversification). The correlation of Bombardier 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.

Bombardier Correlation With Market

Pay attention - limited upside

The correlation between Bombardier and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bombardier and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bombardier Pink Sheet

0.69

NTNX

Nutanix

Pair Corr

Moving against Bombardier Pink Sheet

0.83	TATT	Tat Techno	Pair Corr
0.81	BA	Boeing	Pair Corr
0.79	BNEFF	Bonterra Energy Corp	Pair Corr
0.77	RTX	Raytheon Technologies	Pair Corr
0.76	LMT	Lockheed Martin	Pair Corr
0.76	MTNOF	MTN Group Limited	Pair Corr
0.74	NOC	Northrop Grumman	Pair Corr
0.69	ZDZT	Zhengduozhe Technology	Pair Corr
0.66	CYD	China Yuchai Interna	Pair Corr
0.6	HWM	Howmet Aerospace	Pair Corr
0.59	TLOFF	Talon Metals Corp	Pair Corr
0.55	GD	General Dynamics	Pair Corr
0.48	GAYMF	Galway Metals	Pair Corr
0.45	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.44	MSB	Mesabi Trust	Pair Corr
0.42	ANF	Abercrombie Fitch	Pair Corr
0.41	MXCHY	Orbia Advance Corp	Pair Corr
0.4	TDG	Transdigm Group	Pair Corr
0.4	SHIP	Seanergy Maritime	Pair Corr
0.4	NWTG	Newton Golf Symbol Change	Pair Corr
0.39	NPPXF	Nippon Telegraph Tel	Pair Corr
0.86	MS-PF	Morgan Stanley	Pair Corr
0.81	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.8	EMMA	Emmaus Life Sciences	Pair Corr
0.79	BLAGF	Blue Lagoon Resources	Pair Corr
0.78	TOGOF	TomaGold	Pair Corr
0.76	GS	Goldman Sachs Group	Pair Corr
0.71	FRFFF	Fairfax Financial	Pair Corr
0.71	CELH	Celsius Holdings	Pair Corr
0.7	CAMZF	Camino Minerals	Pair Corr

Related Correlations Analysis

	HAGHY	HNSDF	EFGSF	CHEAF	YSHLF	TISCY	EFGSY	SNCAF	KAJMY	ACXIF
HAGHY		0.93	0.54	0.14	0.65	0.21	0.14	0.51	0.26	0.68	HAGHY
HNSDF	0.93		0.6	0.22	0.68	0.34	0.28	0.6	0.33	0.71	HNSDF
EFGSF	0.54	0.6		0.62	0.76	0.6	0.63	0.75	0.53	0.54	EFGSF
CHEAF	0.14	0.22	0.62		0.47	0.79	0.84	0.63	0.9	0.25	CHEAF
YSHLF	0.65	0.68	0.76	0.47		0.58	0.45	0.49	0.46	0.64	YSHLF
TISCY	0.21	0.34	0.6	0.79	0.58		0.74	0.44	0.71	0.4	TISCY
EFGSY	0.14	0.28	0.63	0.84	0.45	0.74		0.69	0.77	0.22	EFGSY
SNCAF	0.51	0.6	0.75	0.63	0.49	0.44	0.69		0.69	0.41	SNCAF
KAJMY	0.26	0.33	0.53	0.9	0.46	0.71	0.77	0.69		0.18	KAJMY
ACXIF	0.68	0.71	0.54	0.25	0.64	0.4	0.22	0.41	0.18		ACXIF
	HAGHY	HNSDF	EFGSF	CHEAF	YSHLF	TISCY	EFGSY	SNCAF	KAJMY	ACXIF

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Risk-Adjusted Indicators

There is a big difference between Bombardier Pink Sheet performing well and Bombardier 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 Bombardier'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
HAGHY	2.49	(0.15)	0.00	0.49	0.00	0.00	4.78	(5.70)	14.24
HNSDF	1.42	(0.05)	(0.01)	0.01	2.71	(6.69)	6.83	(5.24)	19.49
EFGSF	0.26	0.12	0.00	1.93	0.00	0.00	0.00	0.00	8.47
CHEAF	1.43	0.67	0.00	0.68	0.00	0.00	0.00	0.00	26.98
YSHLF	0.68	0.13	0.00	(15.30)	0.00	0.00	2.96	(1.46)	12.45
TISCY	1.94	0.86	0.00	2.51	0.00	0.00	6.57	0.00	28.28
EFGSY	1.65	0.38	0.13	0.74	1.88	(1.94)	3.65	(2.71)	13.40
SNCAF	1.87	0.02	0.00	0.09	2.60	(2.05)	4.40	(3.67)	18.63
KAJMY	2.15	0.49	0.12	1.89	2.06	(4.41)	6.27	(3.55)	23.11
ACXIF	1.21	0.04	0.00	0.24	2.33	(2.41)	3.52	(4.85)	14.66

Bombardier Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bombardier pink sheet to make a market-neutral strategy. Peer analysis of Bombardier could also be used in its relative valuation, which is a method of valuing Bombardier by comparing valuation metrics with similar companies.

Hensoldt AG Hensoldt AG Eiffage SA China Eastern Airlines Yangzijiang Shipbuilding Taisei Eiffage SA ADR AtkinsRalis Group Kajima Corp ADR Acciona SA American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Bombardier Corporate Management

Francis Fleche	VP Relations	Profile
Annie Lagace	Gen VP	Profile
ric Martel	CEO Pres	Profile
Martin LeBlanc	Chief VP	Profile
Patrick CFA	VP Relations	Profile

Still Interested in Bombardier?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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