CP ALL Correlations

CVPBF Stock

USD 2.06 0.00 0.00%

The current 90-days correlation between CP ALL Public and Omega Healthcare Investors is -0.11 (i.e., Good diversification). The correlation of CP ALL 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.

CP ALL Correlation With Market

Good diversification

The correlation between CP ALL Public and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CP ALL Public and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CVPBF Pink Sheet

0.65	BANGN	Emera Maine PFD	Pair Corr
0.77	NMPWP	Niagara Mohawk Power	Pair Corr
0.94	SCVPF	Siam Cement	Pair Corr
0.72	APLD	Applied Blockchain	Pair Corr

Moving against CVPBF Pink Sheet

0.73	NFPDF	Nissin Foods Holdings	Pair Corr
0.34	EATBF	Eat Beyond Global	Pair Corr

Related Correlations Analysis

	ITRI	OHI	BKSY	RCAT	00108WAF7	SCHW	AMIX	EATBF	871829BH9
ITRI		0.38	0.29	0.56	-0.11	0.78	-0.46	-0.31	-0.3	ITRI
OHI	0.38		-0.2	0.06	0.05	0.45	-0.28	-0.31	-0.04	OHI
BKSY	0.29	-0.2		0.65	0.01	0.51	-0.14	0.33	-0.61	BKSY
RCAT	0.56	0.06	0.65		0.03	0.7	-0.4	0.31	-0.38	RCAT
00108WAF7	-0.11	0.05	0.01	0.03		-0.07	0.06	0.27	-0.1	00108WAF7
SCHW	0.78	0.45	0.51	0.7	-0.07		-0.52	-0.16	-0.37	SCHW
AMIX	-0.46	-0.28	-0.14	-0.4	0.06	-0.52		0.06	-0.1	AMIX
EATBF	-0.31	-0.31	0.33	0.31	0.27	-0.16	0.06		-0.09	EATBF
871829BH9	-0.3	-0.04	-0.61	-0.38	-0.1	-0.37	-0.1	-0.09		871829BH9
	ITRI	OHI	BKSY	RCAT	00108WAF7	SCHW	AMIX	EATBF	871829BH9

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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

SCHW	+ 0.78	ITRI
SCHW	+ 0.7	RCAT
RCAT	+ 0.65	BKSY
RCAT	+ 0.56	ITRI
SCHW	+ 0.51	BKSY
SCHW	+ 0.45	OHI

High negative correlations

871829BH9	- 0.61	BKSY
AMIX	- 0.52	SCHW
AMIX	- 0.46	ITRI
AMIX	- 0.4	RCAT
871829BH9	- 0.38	RCAT
871829BH9	- 0.37	SCHW

Risk-Adjusted Indicators

There is a big difference between CVPBF Pink Sheet performing well and CP ALL 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 CP ALL'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
ITRI	1.43	0.11	0.07	0.21	1.57	(1.58)	3.35	(2.59)	10.19
OHI	0.82	0.10	(0.04)	(0.26)	1.05	(0.80)	1.70	(1.97)	5.15
BKSY	5.18	(0.01)	0.03	0.11	6.64	(5.88)	10.64	(8.34)	32.79
RCAT	6.25	1.80	0.33	1.23	4.82	(8.09)	15.75	(8.36)	29.03
00108WAF7	1.26	0.13	0.03	0.58	1.37	(1.38)	3.24	(2.55)	10.75
SCHW	1.06	0.26	0.21	0.41	0.70	(1.15)	2.77	(1.39)	9.62
AMIX	7.05	0.02	0.00	0.07	0.00	0.00	21.84	(15.75)	114.12
EATBF	16.35	3.71	0.15	(13.46)	13.83	(31.88)	54.17	(29.63)	221.76
871829BH9	1.19	0.11	0.01	0.58	1.56	(1.37)	1.53	(1.79)	8.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in CP ALL 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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