Clarke Correlations

CKI Stock

CAD 22.51 0.82 3.78%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clarke moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarke Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Clarke Correlation With Market

Excellent diversification

The correlation between Clarke Inc and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarke Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Clarke Stock

0.79	AUUA	Aluula Composites	Pair Corr
0.77	LIRC	Lithium Royalty Corp	Pair Corr
0.73	GPCC-P	Green Panda Capital	Pair Corr
0.72	HSTR	Heliostar Metals	Pair Corr
0.71	BCE-PT	Bce Inc Pref	Pair Corr
0.7	DNG	Dynacor Gold Mines	Pair Corr
0.67	CYBN	Cybin Inc	Pair Corr
0.66	LEXI	Lithium Energi Explo	Pair Corr
0.65	INO-UN	Inovalis Real Estate	Pair Corr
0.59	GIL	Gildan Activewear Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PZA	XTC	GBT	GH	TWC	KITS	PBL	ACQ	TRZ	ROOT
PZA		0.89	0.5	0.52	0.48	0.94	0.18	0.78	0.82	-0.48	PZA
XTC	0.89		0.25	0.43	0.19	0.78	0.03	0.8	0.64	-0.46	XTC
GBT	0.5	0.25		0.52	0.43	0.62	0.54	0.45	0.48	-0.18	GBT
GH	0.52	0.43	0.52		0.36	0.56	0.23	0.58	0.55	-0.64	GH
TWC	0.48	0.19	0.43	0.36		0.57	0.21	0.12	0.66	-0.4	TWC
KITS	0.94	0.78	0.62	0.56	0.57		0.25	0.78	0.82	-0.52	KITS
PBL	0.18	0.03	0.54	0.23	0.21	0.25		0.15	0.3	-0.18	PBL
ACQ	0.78	0.8	0.45	0.58	0.12	0.78	0.15		0.57	-0.58	ACQ
TRZ	0.82	0.64	0.48	0.55	0.66	0.82	0.3	0.57		-0.48	TRZ
ROOT	-0.48	-0.46	-0.18	-0.64	-0.4	-0.52	-0.18	-0.58	-0.48		ROOT
	PZA	XTC	GBT	GH	TWC	KITS	PBL	ACQ	TRZ	ROOT

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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

KITS	+ 0.94	PZA
XTC	+ 0.89	PZA
TRZ	+ 0.82	PZA
TRZ	+ 0.82	KITS
ACQ	+ 0.8	XTC
ACQ	+ 0.78	PZA

High negative correlations

ROOT	- 0.64	GH
ROOT	- 0.58	ACQ
ROOT	- 0.52	KITS
ROOT	- 0.48	TRZ
ROOT	- 0.48	PZA
ROOT	- 0.46	XTC

Risk-Adjusted Indicators

There is a big difference between Clarke Stock performing well and Clarke 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 Clarke'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
PZA	0.52	0.22	0.21	1.81	0.24	(0.62)	1.33	(0.81)	3.33
XTC	0.99	0.27	0.19	1.15	0.79	(1.14)	2.69	(1.62)	6.45
GBT	1.55	0.03	(0.02)	(10.23)	1.95	(2.48)	4.57	(3.61)	12.69
GH	0.66	0.03	(0.08)	(0.03)	0.83	(0.75)	1.73	(1.36)	5.91
TWC	0.69	0.01	0.00	0.04	0.00	0.00	1.92	(1.88)	7.67
KITS	2.22	0.71	0.28	1.84	1.89	(2.69)	6.71	(2.73)	18.46
PBL	1.28	(0.04)	0.00	(0.16)	0.00	0.00	2.85	(2.28)	9.09
ACQ	1.69	0.32	0.08	2.23	2.63	(1.83)	4.12	(2.44)	13.45
TRZ	2.06	0.29	0.06	(1.70)	2.77	(2.49)	4.76	(3.94)	31.14
ROOT	1.35	(0.09)	0.00	(0.03)	0.00	0.00	2.51	(3.28)	9.01

Be your own money manager

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

Elected by the shareholders, the Clarke's board of directors comprises two types of representatives: Clarke inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Clarke. The board's role is to monitor Clarke's management team and ensure that shareholders' interests are well served. Clarke'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, Clarke's outside directors are responsible for providing unbiased perspectives on the board's policies.

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