ALS Correlations

CPBLF Stock

USD 17.00 0.35 2.10%

The current 90-days correlation between ALS Limited and Fluidra SA is -0.02 (i.e., Good diversification). The correlation of ALS 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.

ALS Correlation With Market

Poor diversification

The correlation between ALS Limited and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALS Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ALS Pink Sheet

0.79	BVRDF	Bureau Veritas SA	Pair Corr
0.62	BYCRF	BayCurrent Consulting	Pair Corr
0.84	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.84	SAR	Saratoga Investment Corp	Pair Corr
0.78	ACN	Accenture plc	Pair Corr
0.63	VLKAF	Volkswagen AG	Pair Corr
0.66	VWAGY	Volkswagen AG 110	Pair Corr
0.72	VLKPF	Volkswagen AG VZO	Pair Corr
0.83	USAS	Americas Silver Corp Trending	Pair Corr
0.8	KEYS	Keysight Technologies	Pair Corr
0.87	KGC	Kinross Gold Aggressive Push	Pair Corr
0.75	AEM	Agnico Eagle Mines	Pair Corr
0.68	AIZ	Assurant	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.75	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against ALS Pink Sheet

0.78	HNHPF	Hon Hai Precision	Pair Corr
0.68	JD	JD Inc Adr	Pair Corr
0.57	EXPGY	Experian plc PK	Pair Corr
0.55	EXPGF	Experian PLC	Pair Corr
0.55	BVVBY	Bureau Veritas SA	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.52	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FLUIF	YOKEF	CYJBF	YATRY	SGHDY	BYCRF	TCNRF	ARCAY	INPOY	DKSHF
FLUIF		0.0	-0.63	0.01	0.09	-0.44	0.0	-0.22	-0.48	0.0	FLUIF
YOKEF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	YOKEF
CYJBF	-0.63	0.0		-0.58	-0.14	0.76	0.0	-0.1	0.69	0.0	CYJBF
YATRY	0.01	0.0	-0.58		-0.17	-0.68	0.0	0.49	-0.33	0.0	YATRY
SGHDY	0.09	0.0	-0.14	-0.17		-0.31	0.0	-0.02	-0.11	0.0	SGHDY
BYCRF	-0.44	0.0	0.76	-0.68	-0.31		0.0	-0.36	0.53	0.0	BYCRF
TCNRF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TCNRF
ARCAY	-0.22	0.0	-0.1	0.49	-0.02	-0.36	0.0		0.25	0.0	ARCAY
INPOY	-0.48	0.0	0.69	-0.33	-0.11	0.53	0.0	0.25		0.0	INPOY
DKSHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DKSHF
	FLUIF	YOKEF	CYJBF	YATRY	SGHDY	BYCRF	TCNRF	ARCAY	INPOY	DKSHF

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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

BYCRF	+ 0.76	CYJBF
INPOY	+ 0.69	CYJBF
INPOY	+ 0.53	BYCRF
ARCAY	+ 0.49	YATRY
INPOY	+ 0.25	ARCAY
SGHDY	+ 0.09	FLUIF

High negative correlations

BYCRF	- 0.68	YATRY
CYJBF	- 0.63	FLUIF
YATRY	- 0.58	CYJBF
INPOY	- 0.48	FLUIF
BYCRF	- 0.44	FLUIF
ARCAY	- 0.36	BYCRF

Risk-Adjusted Indicators

There is a big difference between ALS Pink Sheet performing well and ALS 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 ALS'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
FLUIF	0.57	0.18	0.00	(1.32)	0.00	0.00	1.13	0.00	12.16
YOKEF	13.53	6.94	0.00	29.36	0.00	0.00	31.90	(13.13)	22.23
CYJBF	0.86	0.34	0.00	1.30	0.00	0.00	0.00	0.00	26.89
YATRY	0.54	(0.31)	0.00	(1.09)	0.00	0.00	0.00	0.00	7.89
SGHDY	1.39	0.12	0.00	(0.16)	1.96	(4.27)	4.84	(4.62)	21.36
BYCRF	5.44	1.23	0.19	0.57	5.71	(5.73)	15.70	(9.68)	43.35
TCNRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARCAY	2.88	0.28	0.01	(0.18)	5.11	(12.10)	11.70	(9.36)	43.23
INPOY	2.29	0.27	0.14	0.18	2.17	(2.72)	3.92	(4.48)	34.16
DKSHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

Tim Kilmister	General Manager, Life Sciences APAC	Profile
Kristen Walsh	Group General Manager - Industrial Division	Profile
BSc BA	CEO MD	Profile
MBA BScHon	Gen Geochemistry	Profile
ACIS BA	G Sec	Profile
Luis Damasceno	Chief Officer	Profile
CPA Bus	Group Controller	Profile

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