Dividend Correlations

DF Stock

CAD 7.92 0.18 2.22%

The current 90-days correlation between Dividend 15 Split and Stack Capital Group is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dividend 15 Split moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dividend Correlation With Market

Very poor diversification

The correlation between Dividend 15 Split and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dividend 15 Split and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dividend 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 Dividend - 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 Dividend 15 Split to buy it.

Moving together with Dividend Stock

0.89	CTF-UN	Citadel Income	Pair Corr
0.93	MAXQ	Maritime Launch Services	Pair Corr
0.84	BN-PFI	Brookfield	Pair Corr
0.81	MFC-PP	Manulife Financial Corp	Pair Corr
0.92	BN-PC	Brookfield	Pair Corr
0.97	ATX	ATEX Resources	Pair Corr
0.64	RTG	RTG Mining	Pair Corr
0.7	GLD	GoldOn Resources	Pair Corr
0.85	SLF-PJ	Sun Life Financial	Pair Corr
0.83	PML	Panoro Minerals	Pair Corr
0.69	GKO	Geekco Technologies Corp	Pair Corr
0.8	NIM	Nicola Mining	Pair Corr
0.92	GUG	Gungnir Resources	Pair Corr
0.94	BPF-UN	Boston Pizza Royalties	Pair Corr
0.79	NAR	North Arrow Minerals	Pair Corr
0.9	TOT	Total Energy Services	Pair Corr
0.97	MU	Micron Technology	Pair Corr
0.81	PSLV	Sprott Physical Silver	Pair Corr
0.9	PGDC	Patagonia Gold Corp	Pair Corr
0.89	RUP	Rupert Resources	Pair Corr
0.73	TCL-A	Transcontinental	Pair Corr
0.79	ISO	IsoEnergy	Pair Corr
0.91	PESO	Pesorama	Pair Corr
0.69	AZT	Aztec Minerals Corp	Pair Corr
0.88	TUO	Teuton Resources Corp	Pair Corr
0.67	MOLY	Greenland Resources Earnings Call This Week	Pair Corr
0.83	ENB-PFC	Enbridge Pref 11	Pair Corr
0.93	CJT	Cargojet	Pair Corr
0.76	BTO	B2Gold Corp	Pair Corr
0.75	QNC	Quantum eMotion Corp	Pair Corr
0.67	NXR-UN	Nexus Real Estate Earnings Call This Week	Pair Corr
0.71	GIGA	Giga Metals Corp	Pair Corr
0.88	TF	Timbercreek Financial	Pair Corr

Related Correlations Analysis

	STCK	GDV	PIC-A	LFE	LCS	RS	XAU	CXI	PDV
STCK		0.88	0.89	0.88	0.78	0.83	0.51	0.76	0.78	STCK
GDV	0.88		0.86	0.68	0.53	0.87	0.78	0.88	0.62	GDV
PIC-A	0.89	0.86		0.87	0.75	0.92	0.48	0.65	0.8	PIC-A
LFE	0.88	0.68	0.87		0.9	0.8	0.18	0.42	0.85	LFE
LCS	0.78	0.53	0.75	0.9		0.68	0.02	0.28	0.84	LCS
RS	0.83	0.87	0.92	0.8	0.68		0.49	0.64	0.69	RS
XAU	0.51	0.78	0.48	0.18	0.02	0.49		0.87	0.24	XAU
CXI	0.76	0.88	0.65	0.42	0.28	0.64	0.87		0.41	CXI
PDV	0.78	0.62	0.8	0.85	0.84	0.69	0.24	0.41		PDV
	STCK	GDV	PIC-A	LFE	LCS	RS	XAU	CXI	PDV

Risk-Adjusted Indicators

There is a big difference between Dividend Stock performing well and Dividend 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 Dividend'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
STCK	2.26	0.54	0.22	0.82	2.05	(2.72)	5.67	(3.64)	14.58
GDV	0.53	0.15	0.12	0.53	0.40	(0.59)	1.16	(0.98)	3.04
PIC-A	0.83	0.33	0.25	0.57	0.55	(0.99)	2.20	(1.42)	6.38
LFE	0.84	0.14	0.07	0.37	1.01	(0.88)	1.65	(2.26)	5.51
LCS	0.95	0.08	0.02	0.44	1.02	(1.13)	2.34	(1.76)	7.06
RS	0.76	0.19	0.12	0.92	0.74	(0.83)	1.86	(1.79)	5.70
XAU	2.12	0.65	0.25	10.23	1.66	(2.44)	5.18	(3.20)	15.16
CXI	1.13	0.35	0.15	4.09	0.89	(1.53)	2.72	(2.04)	7.77
PDV	0.80	0.11	0.04	0.28	0.94	(1.42)	2.72	(1.87)	8.03

Be your own money manager

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