Brompton North Correlations

BFIN Etf

CAD 25.87 0.09 0.35%

The current 90-days correlation between Brompton North American and Brompton Global Dividend is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brompton North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton North American moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brompton North Correlation With Market

Average diversification

The correlation between Brompton North American and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brompton North American and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brompton Etf

0.73	ZEB	BMO SPTSX Equal	Pair Corr
0.81	XFN	iShares SPTSX Capped	Pair Corr
0.82	ZBK	BMO Equal Weight	Pair Corr
0.8	ZUB	BMO Equal Weight	Pair Corr
0.71	FSF	CI Global Financial	Pair Corr
0.81	ZWK	BMO Covered Call	Pair Corr
0.67	CIC	CI Canadian Banks	Pair Corr
0.77	FLI	CI Canada Lifeco	Pair Corr
0.8	CEW	iShares Equal Weight	Pair Corr
0.82	FTN	Financial 15 Split	Pair Corr
0.62	DRFG	Desjardins RI Global	Pair Corr
0.77	HAC	Global X Seasonal	Pair Corr
0.86	QCE	Mackenzie Canadian Large	Pair Corr
0.85	QCN	Mackenzie Canadian Equity	Pair Corr

Related Correlations Analysis

	BDIV	TLF	HIG	EDGF	BPRF
BDIV		0.51	0.64	0.42	0.31	BDIV
TLF	0.51		0.0	0.23	0.43	TLF
HIG	0.64	0.0		0.59	0.0	HIG
EDGF	0.42	0.23	0.59		0.09	EDGF
BPRF	0.31	0.43	0.0	0.09		BPRF
	BDIV	TLF	HIG	EDGF	BPRF

Click cells to compare fundamentals

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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

HIG	+ 0.64	BDIV
EDGF	+ 0.59	HIG
TLF	+ 0.51	BDIV
BPRF	+ 0.43	TLF
EDGF	+ 0.42	BDIV
BPRF	+ 0.31	BDIV

High negative correlations

BPRF	- 0.0	HIG
HIG	- 0.0	TLF

Brompton North Constituents Risk-Adjusted Indicators

There is a big difference between Brompton Etf performing well and Brompton North ETF 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 Brompton North'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
BDIV	0.70	0.01	(0.04)	0.12	0.99	(0.70)	1.22	(1.38)	5.04
TLF	0.96	0.01	(0.02)	0.11	1.33	(0.98)	2.44	(2.57)	6.68
HIG	0.67	(0.06)	0.00	(0.11)	0.00	0.00	1.29	(1.27)	4.54
EDGF	0.87	0.02	(0.05)	(0.05)	1.14	(1.21)	2.30	(2.36)	6.49
BPRF	0.39	0.00	(0.17)	0.03	0.45	(0.44)	0.84	(0.74)	2.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brompton North 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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