Cansortium Correlations
| CNTMF Stock | USD 0.08 0.01 12.68% |
The correlation of Cansortium 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.
Cansortium Correlation With Market
Very good diversification
The correlation between Cansortium and DJI is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cansortium and DJI in the same portfolio, assuming nothing else is changed.
Cansortium |
The ability to find closely correlated positions to Cansortium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cansortium 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 Cansortium - 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 Cansortium to buy it.
Moving together with Cansortium OTC Stock
| 0.65 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.64 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.79 | HLN | Haleon plc | PairCorr |
| 0.68 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.79 | HLNCF | Haleon plc | PairCorr |
| 0.88 | LNDNF | Lundin Energy AB | PairCorr |
| 0.77 | AWCMY | Alumina Limited PK | PairCorr |
| 0.78 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.87 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.8 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Cansortium OTC Stock
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.89 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.82 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.62 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.52 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.46 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.39 | T | ATT Inc Aggressive Push | PairCorr |
| 0.37 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.31 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.13 | 0.0 | 0.0 | 0.0 | 0.01 | GRCU | ||
| 0.13 | 0.0 | 0.0 | 0.0 | 0.31 | GXXY | ||
| 0.0 | 0.0 | 0.0 | -1.0 | 0.0 | INQD | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPBBF | ||
| 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | BHHKF | ||
| 0.01 | 0.31 | 0.0 | 0.0 | 0.0 | LRSV | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cansortium OTC Stock performing well and Cansortium 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 Cansortium'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRCU | 37.92 | 10.96 | 0.20 | (3.51) | 25.99 | 100.00 | 150.00 | |||
| GXXY | 3.20 | (0.29) | 0.00 | (0.29) | 0.00 | 12.97 | 67.08 | |||
| INQD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPBBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BHHKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LRSV | 7.19 | 0.43 | 0.00 | 0.23 | 0.00 | 0.00 | 150.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cansortium 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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Cansortium Corporate Management
Elected by the shareholders, the Cansortium's board of directors comprises two types of representatives: Cansortium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cansortium. The board's role is to monitor Cansortium's management team and ensure that shareholders' interests are well served. Cansortium'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, Cansortium's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Samantha Hymes | Ex Operations | Profile | |
| Jennifer McCaffertyFernandez | Chief Officer | Profile | |
| William Smith | Ex Chairman | Profile | |
| Patricia Fonseca | Ex Officer | Profile | |
| Jeffrey Reath | Consultant | Profile | |
| Todd Buchman | Chief Sec | Profile | |
| Victor Bindi | Director Sales | Profile |