Constellation Software Correlations

CNSWF Stock

USD 2,038 60.94 2.90%

The current 90-days correlation between Constellation Software and Adyen NV is -0.09 (i.e., Good diversification). The correlation of Constellation Software 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.

Constellation Software Correlation With Market

Modest diversification

The correlation between Constellation Software and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Constellation Software and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Constellation Pink Sheet

0.75	SOHOO	Sotherly Hotels Pref	Pair Corr
0.74	WEGZY	WEG SA ADR	Pair Corr
0.73	MATX	Matson Inc	Pair Corr
0.72	DVNHF	Frontier Services	Pair Corr
0.65	ZHCLF	Zenith Capital Corp	Pair Corr
0.59	MFA	MFA Financial	Pair Corr
0.58	LAR	Lithium Argentina Symbol Change	Pair Corr
0.53	NTR	Nutrien	Pair Corr
0.49	DTSQU	DT Cloud Star	Pair Corr
0.47	SDHC	Smith Douglas Homes Downward Rally	Pair Corr
0.44	SITM	Sitime	Pair Corr
0.43	NXTC	NextCure	Pair Corr
0.4	GVA	Granite Construction	Pair Corr
0.38	ROLR	High Roller Technologies Trending	Pair Corr
0.81	CHRW	CH Robinson Worldwide	Pair Corr
0.75	ROL	Rollins	Pair Corr
0.72	PILBF	Pilbara Minerals	Pair Corr
0.66	BIIB	Biogen Inc	Pair Corr
0.63	GM	General Motors Sell-off Trend	Pair Corr
0.6	HL	Hecla Mining Aggressive Push	Pair Corr
0.6	SMEGF	Siemens Energy AG	Pair Corr
0.56	PITAF	Poste Italiane SpA	Pair Corr
0.55	FSBW	FS Bancorp Earnings Call This Week	Pair Corr
0.55	RIOFF	Rio2 Limited	Pair Corr
0.52	VLY	Valley National Bancorp Earnings Call This Week	Pair Corr
0.51	MH	McGraw Hill	Pair Corr
0.49	GJR	Strats SM Trust	Pair Corr
0.46	MDWK	MDwerks	Pair Corr
0.42	ZMPLF	Zimplats Holdings	Pair Corr

Related Correlations Analysis

	ADYYF	ADYEY	DASTY	DASTF	INVU	XYZ	IFNNY	IFNNF	WTCHF	NEMTF
ADYYF		0.92	0.56	0.6	-0.35	0.75	0.14	0.12	0.58	-0.27	ADYYF
ADYEY	0.92		0.61	0.65	-0.28	0.82	0.08	0.07	0.65	-0.22	ADYEY
DASTY	0.56	0.61		0.97	-0.43	0.68	-0.22	-0.22	0.87	0.05	DASTY
DASTF	0.6	0.65	0.97		-0.45	0.71	-0.16	-0.16	0.86	-0.02	DASTF
INVU	-0.35	-0.28	-0.43	-0.45		-0.2	-0.5	-0.49	-0.39	0.64	INVU
XYZ	0.75	0.82	0.68	0.71	-0.2		-0.19	-0.2	0.65	-0.05	XYZ
IFNNY	0.14	0.08	-0.22	-0.16	-0.5	-0.19		0.98	-0.22	-0.81	IFNNY
IFNNF	0.12	0.07	-0.22	-0.16	-0.49	-0.2	0.98		-0.19	-0.8	IFNNF
WTCHF	0.58	0.65	0.87	0.86	-0.39	0.65	-0.22	-0.19		0.12	WTCHF
NEMTF	-0.27	-0.22	0.05	-0.02	0.64	-0.05	-0.81	-0.8	0.12		NEMTF
	ADYYF	ADYEY	DASTY	DASTF	INVU	XYZ	IFNNY	IFNNF	WTCHF	NEMTF

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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

IFNNF	+ 0.98	IFNNY
DASTF	+ 0.97	DASTY
ADYEY	+ 0.92	ADYYF
WTCHF	+ 0.87	DASTY
WTCHF	+ 0.86	DASTF
XYZ	+ 0.82	ADYEY

High negative correlations

NEMTF	- 0.81	IFNNY
NEMTF	- 0.8	IFNNF
IFNNY	- 0.5	INVU
IFNNF	- 0.49	INVU
INVU	- 0.45	DASTF
INVU	- 0.43	DASTY

Risk-Adjusted Indicators

There is a big difference between Constellation Pink Sheet performing well and Constellation Software 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 Constellation Software'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
ADYYF	2.50	(0.19)	0.00	(0.03)	0.00	0.00	4.63	(4.10)	19.93
ADYEY	1.40	(0.23)	0.00	(0.05)	0.00	0.00	2.91	(3.28)	11.33
DASTY	1.22	(0.29)	0.00	(0.51)	0.00	0.00	2.13	(2.35)	15.25
DASTF	1.79	(0.28)	0.00	(0.24)	0.00	0.00	3.31	(4.90)	14.98
INVU	1.11	0.15	0.01	(0.18)	1.25	(2.04)	3.51	(2.99)	10.34
XYZ	1.96	(0.36)	0.00	(0.11)	0.00	0.00	2.96	(4.58)	14.15
IFNNY	1.79	0.26	0.18	0.23	1.52	(2.20)	4.11	(3.06)	10.13
IFNNF	1.84	0.33	0.12	0.38	1.86	(2.69)	4.97	(3.54)	12.15
WTCHF	1.16	(0.27)	0.00	11.14	0.00	0.00	1.52	(4.30)	14.84
NEMTF	1.04	(0.43)	0.00	0.43	0.00	0.00	0.00	0.00	33.70

Be your own money manager

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

Jamal Baksh	Chief Officer	Profile
Farley Noble	VP Group	Profile
Daan Dijkhuizen	Managing Ventures	Profile
Mark Dennison	General Counsel, Secretary	Profile

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