Canlan Ice Correlations
| CNLFF Stock | USD 2.97 0.00 0.00% |
The current 90-days correlation between Canlan Ice Sports and Cheche Group Class is 0.12 (i.e., Average diversification). The correlation of Canlan Ice 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.
Canlan Ice Correlation With Market
Good diversification
The correlation between Canlan Ice Sports and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canlan Ice Sports and DJI in the same portfolio, assuming nothing else is changed.
Canlan |
The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice 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 Canlan Ice - 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 Canlan Ice Sports to buy it.
Moving together with Canlan Pink Sheet
| 0.68 | CLS | Celestica Upward Rally | PairCorr |
| 0.75 | MIND | Mind Technology Tech Boost | PairCorr |
| 0.66 | KOPN | Kopin | PairCorr |
| 0.69 | KAVL | Kaival Brands Innovations | PairCorr |
| 0.65 | ACI | Albertsons Companies | PairCorr |
| 0.66 | AMBA | Ambarella | PairCorr |
Moving against Canlan Pink Sheet
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.58 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.56 | OLCLF | Oriental Land | PairCorr |
| 0.56 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.55 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.49 | PBCRF | PT Bank Central | PairCorr |
| 0.48 | LNNGY | Li Ning | PairCorr |
| 0.48 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.42 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.41 | OLCLY | Oriental Land | PairCorr |
| 0.39 | SMNNY | Shimano Inc ADR | PairCorr |
| 0.38 | ANPDY | ANTA Sports Products | PairCorr |
| 0.38 | ANPDF | ANTA Sports Products | PairCorr |
| 0.38 | PTBRY | Bank Negara Indonesia Downward Rally | PairCorr |
| 0.57 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
| 0.55 | SHG | Shinhan Financial Earnings Call This Week | PairCorr |
| 0.33 | 023135BM7 | AMAZON INC 425 | PairCorr |
| 0.39 | CAVR | CAVU Resources | PairCorr |
| 0.36 | ASTE | Astec Industries | PairCorr |
| 0.31 | 58506YAS1 | US58506YAS19 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Canlan Pink Sheet performing well and Canlan Ice 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 Canlan Ice'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ECPG | 1.23 | 0.06 | 0.02 | 0.18 | 1.28 | 2.55 | 7.90 | |||
| CCG | 2.77 | 0.18 | 0.05 | 0.42 | 2.34 | 6.67 | 13.49 | |||
| UVSP | 1.38 | 0.10 | 0.04 | 0.24 | 1.64 | 2.98 | 18.49 | |||
| STZ | 1.29 | (0.44) | 0.00 | (0.52) | 0.00 | 2.22 | 20.08 | |||
| SAM | 1.34 | (0.28) | 0.00 | (0.86) | 0.00 | 2.30 | 9.85 | |||
| EXCH | 0.86 | 0.30 | 0.00 | (6.97) | 0.00 | 4.49 | 12.10 | |||
| MNST | 0.96 | (0.14) | 0.00 | (0.63) | 0.00 | 2.20 | 10.44 | |||
| SNDL | 2.02 | (0.29) | 0.00 | (0.19) | 0.00 | 4.17 | 24.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canlan Ice 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.Did you try this?
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Canlan Ice Corporate Management
| Costa Klandianos | VP Innovation | Profile | |
| Liana Guiry | Marketing Sales | Profile | |
| Joey StAubin | CEO Pres | Profile | |
| Rita Price | VP Officer | Profile | |
| Michael CPA | Ex VP | Profile | |
| Mark Faubert | VP COO | Profile |