Doman Building Correlations
| CWXZF Stock | USD 6.70 0.07 1.03% |
The current 90-days correlation between Doman Building Materials and Toromont Industries is 0.03 (i.e., Significant diversification). The correlation of Doman Building 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.
Doman Building Correlation With Market
Average diversification
The correlation between Doman Building Materials and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doman Building Materials and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Doman Building could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doman Building 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 Doman Building - 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 Doman Building Materials to buy it.
Moving together with Doman Pink Sheet
| 0.88 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.61 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.78 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.84 | CSCO | Cisco Systems | PairCorr |
| 0.72 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.87 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.79 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.72 | WMT | Walmart | PairCorr |
| 0.83 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.86 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.79 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Doman Pink Sheet
| 0.72 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.72 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.68 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Doman Pink Sheet performing well and Doman Building 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 Doman Building'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FINGF | 1.07 | 0.03 | (0.03) | 0.49 | 1.65 | 2.50 | 13.26 | |||
| TMTNF | 1.75 | (0.06) | 0.00 | (0.30) | 0.00 | 2.63 | 40.07 | |||
| BCRHF | 5.71 | (0.67) | 0.00 | 0.46 | 0.00 | 0.00 | 83.33 | |||
| AEGXF | 1.44 | 0.42 | 0.20 | 0.83 | 1.09 | 4.11 | 20.16 | |||
| BTBIF | 0.54 | (0.03) | 0.00 | (0.17) | 0.00 | 1.57 | 3.84 | |||
| ARESF | 0.77 | (0.13) | 0.00 | (0.39) | 0.00 | 1.42 | 7.79 | |||
| CWSRF | 0.68 | 0.07 | (0.03) | (0.33) | 0.95 | 1.69 | 8.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Doman Building 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?
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Doman Building Corporate Management
| Ali Mahdavi | Investor Relations Officer | Profile | |
| BA BA | VP Director | Profile | |
| Julie Wong | Director HR | Profile | |
| Marc BAA | Pres Director | Profile | |
| Michel Walsh | Director Marketing | Profile | |
| Amardeip Doman | Chairman CEO | Profile | |
| John Russell | Pres Division | Profile |