Cineplex Correlations
| CPXGF Stock | USD 6.95 0.31 4.27% |
The current 90-days correlation between Cineplex and Borussia Dortmund GmbH is -0.03 (i.e., Good diversification). The correlation of Cineplex 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.
Cineplex Correlation With Market
Pay attention - limited upside
The correlation between Cineplex and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cineplex and DJI in the same portfolio, assuming nothing else is changed.
Cineplex |
The ability to find closely correlated positions to Cineplex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cineplex 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 Cineplex - 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 Cineplex to buy it.
Moving together with Cineplex Pink Sheet
| 0.71 | STI | Solidion Technology | PairCorr |
| 0.83 | PNGM | Er Therapeutics | PairCorr |
| 0.76 | MSFT | Microsoft | PairCorr |
| 0.79 | HPQ | HP Inc | PairCorr |
Moving against Cineplex Pink Sheet
| 0.82 | JNJ | Johnson Johnson | PairCorr |
| 0.81 | BIMT | Bitmis Corp | PairCorr |
| 0.81 | AA | Alcoa Corp | PairCorr |
| 0.8 | DD | Dupont De Nemours | PairCorr |
| 0.79 | CAT | Caterpillar | PairCorr |
| 0.77 | MRK | Merck Company | PairCorr |
| 0.66 | INTC | Intel | PairCorr |
| 0.51 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.5 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.48 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.46 | FCTI | Fact Inc | PairCorr |
| 0.4 | PG | Procter Gamble | PairCorr |
| 0.36 | GE | GE Aerospace | PairCorr |
| 0.35 | DIS | Walt Disney | PairCorr |
| 0.33 | BAC | Bank of America | PairCorr |
Related Correlations Analysis
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 Cineplex Pink Sheet performing well and Cineplex 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 Cineplex'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TCMFF | 5,518 | 3,002 | 0.00 | (1.29) | 0.00 | 16.22 | 184,953 | |||
| BORUF | 1.79 | 0.05 | (0.02) | 0.00 | 2.87 | 5.79 | 20.99 | |||
| MDDCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NXFNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RZSMF | 1.17 | (0.24) | 0.00 | 2.48 | 0.00 | 0.00 | 26.37 | |||
| IMXCF | 0.18 | (0.10) | 0.00 | 1.99 | 0.00 | 0.00 | 3.06 | |||
| HUTCY | 0.31 | 0.02 | 0.00 | (0.66) | 0.00 | 0.00 | 7.32 | |||
| STGYF | 1.09 | 0.41 | 0.00 | 0.85 | 0.00 | 2.91 | 25.24 | |||
| AFCJF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WLDBF | 3.83 | 0.18 | (0.01) | (0.03) | 4.15 | 8.00 | 39.33 |
Be your own money manager
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Cineplex Corporate Management
| Thomas Santram | Gen VP | Profile | |
| CMA FCA | CEO Pres | Profile | |
| Sara Moore | Ex Officer | Profile | |
| Fabrizio Stanghieri | Ex Media | Profile | |
| Mahsa Rejali | Exec Relations | Profile | |
| Sarah Lange | Ex Communications | Profile | |
| Kevin Watts | Ex Entertainment | Profile |