Cascades Correlations

CADNF Stock

USD 8.43 0.10 1.20%

The current 90-days correlation between Cascades and South32 Limited is 0.02 (i.e., Significant diversification). The correlation of Cascades 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.

Cascades Correlation With Market

Modest diversification

The correlation between Cascades and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cascades and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cascades Pink Sheet

0.66	ATCOL	Atlas Corp	Pair Corr
0.81	PCTTW	PureCycle Technologies	Pair Corr
0.67	GCMGW	GCM Grosvenor	Pair Corr
0.64	ASTSW	AST SpaceMobile	Pair Corr
0.82	SSNLF	Samsung Electronics	Pair Corr
0.84	PTAIF	PT Astra International	Pair Corr
0.78	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.75	DIS	Walt Disney Sell-off Trend	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.91	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.91	HD	Home Depot	Pair Corr
0.72	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Cascades Pink Sheet

0.78	GOEVW	Canoo Holdings	Pair Corr
0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.69	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.63	PIFMF	PT Indofood Sukses	Pair Corr
0.61	CHKEL	Chesapeake Energy Symbol Change	Pair Corr
0.57	CHKEZ	Chesapeake Energy Symbol Change	Pair Corr
0.49	MAPSW	WM Technology	Pair Corr
0.76	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	SHTLF	NB	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX	ID
SHTLF		-0.12	-0.61	0.43	0.0	-0.11	0.48	0.49	0.72	0.4	SHTLF
NB	-0.12		0.38	-0.56	0.0	0.22	-0.66	-0.36	0.0	-0.64	NB
444859BR2	-0.61	0.38		-0.59	0.0	0.04	-0.56	-0.55	-0.5	-0.55	444859BR2
SCRYY	0.43	-0.56	-0.59		0.0	0.15	0.59	0.48	0.35	0.74	SCRYY
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
APAAX	-0.11	0.22	0.04	0.15	0.0		-0.09	0.47	0.25	-0.01	APAAX
SCRYX	0.48	-0.66	-0.56	0.59	0.0	-0.09		0.7	0.62	0.79	SCRYX
LBHIX	0.49	-0.36	-0.55	0.48	0.0	0.47	0.7		0.69	0.57	LBHIX
MSTSX	0.72	0.0	-0.5	0.35	0.0	0.25	0.62	0.69		0.44	MSTSX
ID	0.4	-0.64	-0.55	0.74	0.0	-0.01	0.79	0.57	0.44		ID
	SHTLF	NB	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX	ID

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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

ID	+ 0.79	SCRYX
ID	+ 0.74	SCRYY
MSTSX	+ 0.72	SHTLF
LBHIX	+ 0.7	SCRYX
MSTSX	+ 0.69	LBHIX
MSTSX	+ 0.62	SCRYX

High negative correlations

SCRYX	- 0.66	NB
ID	- 0.64	NB
444859BR2	- 0.61	SHTLF
SCRYY	- 0.59	444859BR2
SCRYX	- 0.56	444859BR2
SCRYY	- 0.56	NB

Risk-Adjusted Indicators

There is a big difference between Cascades Pink Sheet performing well and Cascades 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 Cascades' 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
SHTLF	1.60	0.26	0.03	1.28	1.90	(5.11)	4.80	(5.15)	28.25
NB	3.33	(0.41)	0.00	(0.61)	0.00	0.00	5.33	(7.96)	28.43
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.06	0.26	0.07	1.64	2.00	(2.90)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.38)	(0.13)	0.14	(0.18)	0.31	(0.31)	1.13
SCRYX	0.95	(0.05)	0.02	0.09	0.91	(1.07)	2.10	(1.69)	7.88
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
ID	3.84	0.90	0.16	1.45	3.99	(5.08)	7.89	(6.67)	20.54

Be your own money manager

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