CLS Holdings Correlations

CLSH Stock

USD 0.03 0.0001 0.36%

The correlation of CLS Holdings 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.

CLS Holdings Correlation With Market

Good diversification

The correlation between CLS Holdings USA and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLS Holdings USA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CLS OTC Stock

0.67	TAK	Takeda Pharmaceutical	Pair Corr
0.68	ZTLLF	Zonetail	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.85	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	INTC	Intel	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against CLS OTC Stock

0.9	BA	Boeing	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.7	AXP	American Express	Pair Corr
0.69	TEVA	Teva Pharma Industries	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.48	TEVA	Teva Pharmaceutical	Pair Corr
0.39	GLABF	Gemina Laboratories	Pair Corr

Related Correlations Analysis

	DLTNF	BMMJ	CLSH	HCANF	ETRGF	AVCNF	BHHKF	CXXIF	GRUSF	SLGWF
DLTNF		0.0	0.0	1.0	0.0	0.0	-1.0	0.0	0.0	0.0	DLTNF
BMMJ	0.0		0.21	0.0	0.14	-0.12	0.0	-0.03	-0.1	0.31	BMMJ
CLSH	0.0	0.21		0.0	0.14	-0.45	0.0	0.47	0.54	0.3	CLSH
HCANF	1.0	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	0.0	HCANF
ETRGF	0.0	0.14	0.14	0.0		0.44	0.0	0.27	0.38	0.27	ETRGF
AVCNF	0.0	-0.12	-0.45	0.0	0.44		0.0	0.01	-0.09	0.04	AVCNF
BHHKF	-1.0	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	0.0	BHHKF
CXXIF	0.0	-0.03	0.47	0.0	0.27	0.01	0.0		0.5	0.41	CXXIF
GRUSF	0.0	-0.1	0.54	0.0	0.38	-0.09	0.0	0.5		0.25	GRUSF
SLGWF	0.0	0.31	0.3	0.0	0.27	0.04	0.0	0.41	0.25		SLGWF
	DLTNF	BMMJ	CLSH	HCANF	ETRGF	AVCNF	BHHKF	CXXIF	GRUSF	SLGWF

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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

HCANF	+ 1.0	DLTNF
GRUSF	+ 0.54	CLSH
GRUSF	+ 0.5	CXXIF
CXXIF	+ 0.47	CLSH
AVCNF	+ 0.44	ETRGF
SLGWF	+ 0.41	CXXIF

High negative correlations

BHHKF	- 1.0	HCANF
BHHKF	- 1.0	DLTNF
AVCNF	- 0.45	CLSH
AVCNF	- 0.12	BMMJ
GRUSF	- 0.1	BMMJ
GRUSF	- 0.09	AVCNF

Risk-Adjusted Indicators

There is a big difference between CLS OTC Stock performing well and CLS Holdings OTC Stock 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 CLS Holdings' 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
DLTNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMMJ	14.32	3.30	0.07	(1.11)	15.80	(39.16)	66.06	(50.00)	150.00
CLSH	6.26	(0.33)	0.00	0.27	0.00	0.00	16.10	(13.43)	81.75
HCANF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETRGF	12.44	1.29	0.07	(0.81)	13.59	(16.97)	43.59	(23.81)	112.65
AVCNF	4.86	0.21	0.00	(0.14)	6.46	(10.83)	15.00	(13.64)	48.93
BHHKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXXIF	5.01	(0.15)	0.00	(0.23)	0.00	0.00	17.65	(10.53)	34.06
GRUSF	2.23	(0.13)	0.00	0.50	0.00	0.00	4.62	(4.41)	18.46
SLGWF	13.70	2.80	0.08	6.41	14.70	(43.95)	26.00	(33.33)	216.17

Be your own money manager

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