Canadian Utilities Correlations

CNUTF Preferred Stock

USD 14.97 0.41 2.82%

The current 90-days correlation between Canadian Utilities and Canadian Utilities Limited is -0.05 (i.e., Good diversification). The correlation of Canadian Utilities 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.

Canadian Utilities Correlation With Market

Good diversification

The correlation between Canadian Utilities Limited and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canadian Utilities Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Canadian Pink Sheet

0.7	PTAIY	Astra International Tbk	Pair Corr
0.61	TXMD	TherapeuticsMD	Pair Corr
0.69	ATRO	Astronics	Pair Corr
0.9	SSAAF	SSAB AB	Pair Corr

Moving against Canadian Pink Sheet

0.87	BULL	Webull Corp	Pair Corr
0.57	PTXLF	PTT Exploration And	Pair Corr
0.34	PTAIF	PT Astra International	Pair Corr
0.59	ADVWW	Advantage Solutions	Pair Corr

Related Correlations Analysis

	CNAUF	CDUTF	CDUAF	ACLTF	CUTLF	ACLLF	AGQPF	TEPCF	CGHLY	CPRHF
CNAUF		0.55	0.88	0.9	0.96	0.78	0.35	0.26	0.88	0.29	CNAUF
CDUTF	0.55		0.64	0.74	0.57	0.5	0.6	0.15	0.65	0.5	CDUTF
CDUAF	0.88	0.64		0.9	0.91	0.93	0.5	0.34	0.89	0.44	CDUAF
ACLTF	0.9	0.74	0.9		0.93	0.81	0.48	0.28	0.94	0.4	ACLTF
CUTLF	0.96	0.57	0.91	0.93		0.81	0.36	0.26	0.9	0.3	CUTLF
ACLLF	0.78	0.5	0.93	0.81	0.81		0.45	0.46	0.8	0.41	ACLLF
AGQPF	0.35	0.6	0.5	0.48	0.36	0.45		0.09	0.41	0.8	AGQPF
TEPCF	0.26	0.15	0.34	0.28	0.26	0.46	0.09		0.28	0.08	TEPCF
CGHLY	0.88	0.65	0.89	0.94	0.9	0.8	0.41	0.28		0.34	CGHLY
CPRHF	0.29	0.5	0.44	0.4	0.3	0.41	0.8	0.08	0.34		CPRHF
	CNAUF	CDUTF	CDUAF	ACLTF	CUTLF	ACLLF	AGQPF	TEPCF	CGHLY	CPRHF

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Canadian Pink Sheet performing well and Canadian Utilities 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 Canadian Utilities' 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
CNAUF	0.07	0.01	0.00	0.34	0.00	0.00	0.00	0.00	2.25
CDUTF	0.05	0.01	0.00	(0.13)	0.00	0.00	0.00	0.00	1.62
CDUAF	0.77	0.17	0.13	0.80	0.59	(0.97)	2.07	(1.47)	5.88
ACLTF	0.88	0.49	0.00	(1.50)	0.00	0.00	2.65	0.00	12.18
CUTLF	0.04	0.02	0.00	(0.30)	0.00	0.00	0.00	0.00	1.50
ACLLF	0.83	0.24	0.16	(2.62)	0.76	(0.97)	1.85	(1.23)	5.83
AGQPF	0.07	0.02	0.00	(2.05)	0.00	0.00	0.00	0.00	2.19
TEPCF	4.76	(2.40)	0.00	7.15	0.00	0.00	0.00	0.00	159.36
CGHLY	0.33	0.17	0.00	(1.49)	0.00	0.00	0.00	0.00	6.28
CPRHF	0.07	0.02	0.00	(0.73)	0.00	0.00	0.00	0.00	2.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Canadian Utilities 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?

Run Price Exposure Probability Now

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC