Cineplex Correlations

CX0 Stock

EUR 5.70 0.15 2.56%

The current 90-days correlation between Cineplex and BANK RAKYAT IND is -0.2 (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 -0.78 (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.

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 Stock

0.78	BYRA	BANK RAKYAT IND	Pair Corr
0.88	BZG2	BANK CENTRAL ASIA	Pair Corr
0.7	BZG2	PT Bank Central	Pair Corr
0.68	3HB	Hybrigenics Societe	Pair Corr

Moving against Cineplex Stock

0.88	WCE	CECO ENVIRONMENTAL	Pair Corr
0.86	01H	HORIBA	Pair Corr
0.86	H3M	Hochschild Mining plc	Pair Corr
0.85	NEF	Neste Oyj	Pair Corr
0.85	ALV	Allianz SE	Pair Corr
0.82	O3I	FLOW TRADERS LTD	Pair Corr
0.78	6IC	Iridium Communications	Pair Corr
0.75	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.73	3RB	RECKITT BENCK GRP	Pair Corr
0.73	T4W	Toro Energy	Pair Corr
0.71	2G0	Food Life Companies	Pair Corr
0.69	3YL	SMARTOPTICS GRP AS Earnings Call This Week	Pair Corr
0.68	LPK	LPKF Laser Electronics	Pair Corr
0.67	SM2	Semtech	Pair Corr
0.66	PQ9	BANK MANDIRI	Pair Corr
0.64	OYC	DELTA AIR LINES	Pair Corr
0.58	PRHA	Prosegur Compaa de	Pair Corr
0.57	CWA0	REFINED METALS P	Pair Corr
0.51	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.5	PQ9	BANK MANDIRI	Pair Corr
0.46	TWA	TOWA	Pair Corr
0.4	BYRA	PT Bank Rakyat	Pair Corr
0.35	PQ9	PT Bank Mandiri	Pair Corr
0.87	KGHA	KGHM Polska Miedz	Pair Corr
0.85	SZG	Salzgitter AG	Pair Corr
0.84	ENR	Siemens Energy AG	Pair Corr
0.83	AOMD	Alstom SA	Pair Corr
0.81	WWR	Woolworths Group	Pair Corr
0.8	SVKB	SANDVIK	Pair Corr
0.78	7YZ	THARISA NON LIST	Pair Corr
0.77	PYCP	Minera Alamos Split	Pair Corr

Related Correlations Analysis

	SSUN	SSU	SSU	SSUN	BZG2	BZG2	BZG2	BYRA	BYRA	BYRA
SSUN		0.99	0.99	1.0	-0.74	-0.8	-0.05	0.41	-0.73	-0.04	SSUN
SSU	0.99		1.0	0.99	-0.75	-0.78	-0.03	0.43	-0.73	-0.03	SSU
SSU	0.99	1.0		0.99	-0.75	-0.77	-0.02	0.44	-0.73	-0.04	SSU
SSUN	1.0	0.99	0.99		-0.74	-0.8	-0.04	0.41	-0.72	-0.04	SSUN
BZG2	-0.74	-0.75	-0.75	-0.74		0.78	0.11	-0.41	0.61	0.03	BZG2
BZG2	-0.8	-0.78	-0.77	-0.8	0.78		0.27	-0.33	0.73	0.06	BZG2
BZG2	-0.05	-0.03	-0.02	-0.04	0.11	0.27		0.11	0.33	0.67	BZG2
BYRA	0.41	0.43	0.44	0.41	-0.41	-0.33	0.11		-0.35	0.07	BYRA
BYRA	-0.73	-0.73	-0.73	-0.72	0.61	0.73	0.33	-0.35		0.32	BYRA
BYRA	-0.04	-0.03	-0.04	-0.04	0.03	0.06	0.67	0.07	0.32		BYRA
	SSUN	SSU	SSU	SSUN	BZG2	BZG2	BZG2	BYRA	BYRA	BYRA

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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

SSUN	+ 1.0	SSUN
SSU	+ 1.0	SSU
SSU	+ 0.99	SSUN
SSU	+ 0.99	SSUN
SSUN	+ 0.99	SSU
SSUN	+ 0.99	SSU

High negative correlations

BZG2	- 0.8	SSUN
BZG2	- 0.8	SSUN
BZG2	- 0.78	SSU
BZG2	- 0.77	SSU
BZG2	- 0.75	SSU
BZG2	- 0.75	SSU

Risk-Adjusted Indicators

There is a big difference between Cineplex Stock 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
SSUN	2.58	0.82	0.29	0.92	2.12	(3.11)	6.24	(4.11)	13.83
SSU	2.94	0.96	0.35	1.64	2.16	(3.82)	7.66	(4.89)	15.03
SSU	2.84	0.90	0.33	1.08	2.03	(3.84)	6.22	(3.69)	15.50
SSUN	2.60	0.79	0.27	0.91	2.28	(3.01)	6.04	(4.93)	14.94
BZG2	2.74	(0.27)	0.00	1.53	0.00	0.00	7.50	(7.69)	20.00
BZG2	0.75	(0.24)	0.00	(0.70)	0.00	0.00	0.00	(2.56)	10.33
BZG2	0.66	(0.09)	0.00	(0.39)	0.00	0.00	2.56	(2.50)	5.26
BYRA	4.14	0.38	0.04	(0.35)	4.34	(7.93)	11.11	(10.00)	26.67
BYRA	1.29	(0.22)	0.00	(0.39)	0.00	0.00	5.00	(5.00)	35.71
BYRA	0.86	(0.10)	0.00	(0.16)	0.00	0.00	5.88	(5.56)	12.13

Be your own money manager

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

Elected by the shareholders, the Cineplex's board of directors comprises two types of representatives: Cineplex inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cineplex. The board's role is to monitor Cineplex's management team and ensure that shareholders' interests are well served. Cineplex's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cineplex's outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas Santram	General VP	Profile
Fabrizio Stanghieri	Executive CDM	Profile
Sarah Lange	Ex Communications	Profile
Gord CM	Chief Officer	Profile
Kevin Watts	Executive Entertainment	Profile
Dan McGrath	Chief Officer	Profile

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