Canaccord Genuity Correlations

Preferred Stocks Canada . 
Preferred Stock . Canaccord Genuity Group
CF-PC Preferred Stock   24.63  0.17  0.69%   
The current 90-days correlation between Canaccord Genuity and Alignvest Acquisition II is -0.15 (i.e., Good diversification). The correlation of Canaccord Genuity 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Canaccord Genuity Correlation With Market

Very poor diversification

The correlation between Canaccord Genuity Group and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canaccord Genuity Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Canaccord Genuity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaccord Genuity 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 Canaccord Genuity - 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 Canaccord Genuity Group to buy it.

Moving together with Canaccord Preferred Stock

  0.87GS GOLDMAN SACHS CDRPairCorr
  0.78MS Morgan Stanley CDRPairCorr
  0.72SCHW Charles Schwab CDRPairCorr
  0.77HUT Hut 8 MiningPairCorr
  0.85BNP BNP Paribas CDRPairCorr
  0.86CITI CITIGROUP CDRPairCorr
  0.87RY Royal BankPairCorr
  0.91TD Toronto Dominion BankPairCorr
  0.72WAST Waste Management CDRPairCorr
  0.72TRU Trius InvestmentsPairCorr
  0.71TVE Tamarack Valley EnergyPairCorr
  0.73CIA Champion IronPairCorr
  0.83MGG Minaurum SilverPairCorr
  0.66PPL-PFE Pembina Pipeline CorpPairCorr
  0.69FTT Finning InternationalPairCorr
  0.7TMG Thermal Energy InterPairCorr
  0.9BGI-UN Brookfield GlobalPairCorr
  0.75PGDC Patagonia Gold CorpPairCorr
  0.65CU Canadian UtilitiesPairCorr
  0.86VCI Vitreous GlassPairCorr
  0.89QNC Quantum eMotion CorpPairCorr
  0.65PWF-PA Power Financial CorpPairCorr
  0.82ACQ AutocanadaPairCorr
  0.82CWEB Charlottes Web HoldingsPairCorr
  0.77GENM Generation MiningPairCorr

Moving against Canaccord Preferred Stock

  0.47BITF BitfarmsPairCorr

Related Correlations Analysis


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

CGI
+ 0.94
DFN
AGF-B
+ 0.92
SFC
DFN
+ 0.9
AGF-B
AGF-B
+ 0.89
MKP
MKP
+ 0.87
SFC
CGI
+ 0.85
AGF-B
  

High negative correlations

DLCG
- 0.65
CVG
DLCG
- 0.59
DFN
DLCG
- 0.56
AGF-B
DLCG
- 0.55
CGI
DLCG
- 0.48
MKP
DLCG
- 0.38
SFC

Risk-Adjusted Indicators

There is a big difference between Canaccord Preferred Stock performing well and Canaccord Genuity 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 Canaccord Genuity'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.

Be your own money manager

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

Elected by the shareholders, the Canaccord Genuity's board of directors comprises two types of representatives: Canaccord Genuity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canaccord. The board's role is to monitor Canaccord Genuity's management team and ensure that shareholders' interests are well served. Canaccord Genuity'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, Canaccord Genuity's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey CFAPres LLCProfile
Michel PereraChief OfficerProfile
David KassieEx ChairmanProfile
Marcus FreemanChief GroupProfile
Donald MacFaydenEx CFOProfile
Daniel DaviauPres CEOProfile
Gregory SourdDirectorProfile
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