CP ALL Correlations

CVPBF Stock

USD 1.68 0.02 1.18%

The current 90-days correlation between CP ALL Public and Metro Inc is -0.13 (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

Very weak diversification

The correlation between CP ALL Public and DJI is 0.52 (i.e., Very weak 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

0.69	CCEP	Coca Cola European	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.64	AQNB	Algonquin Power Utilities	Pair Corr
0.71	SPG	Simon Property Group	Pair Corr
0.69	CHEF	Chefs Warehouse	Pair Corr
0.66	SOME	Somerset Trust Holding	Pair Corr
0.69	ANAB	AnaptysBio	Pair Corr
0.73	SBGSY	Schneider Electric Earnings Call This Week	Pair Corr

Moving against CVPBF Pink Sheet

0.66	BULL	Webull Corp	Pair Corr
0.54	ROBOF	RoboGroup TEK	Pair Corr
0.53	EQC	Equity Commonwealth	Pair Corr
0.44	PTXLF	PTT Exploration And	Pair Corr
0.39	PSNL	Personalis	Pair Corr

Related Correlations Analysis

	MTRAF	LBLCF	JSAIY	CCHBF	CRRFY	KKOYY	BDWBY	JSNSF	CRERF	WHGLY
MTRAF		-0.08	-0.09	0.07	-0.04	-0.41	0.03	-0.12	0.12	-0.28	MTRAF
LBLCF	-0.08		0.84	0.52	0.85	0.8	-0.19	0.65	0.75	0.86	LBLCF
JSAIY	-0.09	0.84		0.42	0.85	0.7	-0.22	0.65	0.76	0.88	JSAIY
CCHBF	0.07	0.52	0.42		0.6	0.63	-0.37	0.63	0.62	0.36	CCHBF
CRRFY	-0.04	0.85	0.85	0.6		0.81	-0.24	0.72	0.9	0.86	CRRFY
KKOYY	-0.41	0.8	0.7	0.63	0.81		-0.44	0.75	0.69	0.81	KKOYY
BDWBY	0.03	-0.19	-0.22	-0.37	-0.24	-0.44		-0.4	-0.26	-0.22	BDWBY
JSNSF	-0.12	0.65	0.65	0.63	0.72	0.75	-0.4		0.7	0.66	JSNSF
CRERF	0.12	0.75	0.76	0.62	0.9	0.69	-0.26	0.7		0.77	CRERF
WHGLY	-0.28	0.86	0.88	0.36	0.86	0.81	-0.22	0.66	0.77		WHGLY
	MTRAF	LBLCF	JSAIY	CCHBF	CRRFY	KKOYY	BDWBY	JSNSF	CRERF	WHGLY

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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

CRERF	+ 0.9	CRRFY
WHGLY	+ 0.88	JSAIY
WHGLY	+ 0.86	LBLCF
WHGLY	+ 0.86	CRRFY
CRRFY	+ 0.85	LBLCF
CRRFY	+ 0.85	JSAIY

High negative correlations

BDWBY	- 0.44	KKOYY
KKOYY	- 0.41	MTRAF
JSNSF	- 0.4	BDWBY
BDWBY	- 0.37	CCHBF
WHGLY	- 0.28	MTRAF
CRERF	- 0.26	BDWBY

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
MTRAF	0.74	0.01	(0.03)	0.13	1.13	(0.82)	1.84	(2.27)	7.95
LBLCF	0.99	0.19	0.11	17.28	0.85	(1.21)	2.63	(1.88)	5.76
JSAIY	1.03	0.16	0.06	0.50	1.58	(1.06)	2.51	(1.53)	10.28
CCHBF	0.53	0.16	0.00	1.03	0.00	0.00	3.20	0.00	11.95
CRRFY	1.11	0.23	0.12	0.73	1.16	(1.45)	2.51	(1.96)	8.50
KKOYY	0.87	0.24	0.13	0.69	1.03	(0.98)	2.26	(1.44)	8.54
BDWBY	1.68	(0.06)	0.00	0.40	0.00	0.00	3.72	(5.46)	18.91
JSNSF	1.63	0.33	0.03	(0.47)	2.36	(5.19)	5.30	(3.78)	27.86
CRERF	1.40	0.32	0.06	(0.69)	1.49	(3.16)	5.15	(3.59)	19.82
WHGLY	1.10	0.16	0.09	0.30	1.17	(1.16)	2.36	(2.27)	7.68

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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