D2L Correlations

DTOL Stock

10.02 0.22 2.24%

The current 90-days correlation between D2L Inc and Rogers Sugar is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as D2L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if D2L Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

D2L Correlation With Market

Pay attention - limited upside

The correlation between D2L Inc and DJI is -0.84 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding D2L Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to D2L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace D2L 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 D2L - 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 D2L Inc to buy it.

Moving against D2L Stock

0.95	ATX	ATEX Resources	Pair Corr
0.92	GUG	Gungnir Resources	Pair Corr
0.91	UPS	UPS CDR	Pair Corr
0.91	PESO	Pesorama	Pair Corr
0.91	TOT	Total Energy Services	Pair Corr
0.9	UPS	UPS CDR	Pair Corr
0.89	TF	Timbercreek Financial	Pair Corr
0.87	IFA	iFabric Corp	Pair Corr
0.86	TUO	Teuton Resources Corp	Pair Corr
0.86	MDM	Madoro Metals Corp	Pair Corr
0.83	WMT	Walmart Inc CDR	Pair Corr
0.83	ENB-PFC	Enbridge Pref 11	Pair Corr
0.82	HD	HOME DEPOT CDR	Pair Corr
0.82	SLF-PJ	Sun Life Financial	Pair Corr
0.77	BTO	B2Gold Corp	Pair Corr
0.76	FFU	F4 Uranium Corp	Pair Corr
0.76	PSLV	Sprott Physical Silver	Pair Corr
0.72	QNC	Quantum eMotion Corp	Pair Corr
0.69	AZT	Aztec Minerals Corp	Pair Corr
0.68	RTG	RTG Mining	Pair Corr
0.65	DE	Decisive Dividend Corp	Pair Corr
0.63	GIGA	Giga Metals Corp	Pair Corr
0.6	CBR	Cabral Gold	Pair Corr
0.34	SLF-PC	Sun Life Financial	Pair Corr
0.97	HLF	High Liner Foods	Pair Corr
0.95	BPF-UN	Boston Pizza Royalties	Pair Corr
0.94	MU	Micron Technology	Pair Corr
0.94	BN-PC	Brookfield	Pair Corr
0.92	LNR	Linamar Earnings Call This Week	Pair Corr
0.9	CJT	Cargojet	Pair Corr
0.88	BN-PFI	Brookfield	Pair Corr
0.88	PGDC	Patagonia Gold Corp	Pair Corr
0.85	NSE	New Stratus Energy	Pair Corr
0.84	RUP	Rupert Resources	Pair Corr

Related Correlations Analysis

	RSI	SOY	ELL	JWEL	HLF	CSW-A	LAS-A	ADW-A	KPT
RSI		0.88	0.66	0.89	0.71	0.4	0.81	0.4	0.62	RSI
SOY	0.88		0.65	0.93	0.85	0.34	0.79	0.46	0.75	SOY
ELL	0.66	0.65		0.71	0.77	0.41	0.52	0.66	0.44	ELL
JWEL	0.89	0.93	0.71		0.78	0.41	0.81	0.35	0.77	JWEL
HLF	0.71	0.85	0.77	0.78		0.26	0.57	0.71	0.61	HLF
CSW-A	0.4	0.34	0.41	0.41	0.26		0.36	0.28	0.32	CSW-A
LAS-A	0.81	0.79	0.52	0.81	0.57	0.36		0.24	0.71	LAS-A
ADW-A	0.4	0.46	0.66	0.35	0.71	0.28	0.24		0.22	ADW-A
KPT	0.62	0.75	0.44	0.77	0.61	0.32	0.71	0.22		KPT
	RSI	SOY	ELL	JWEL	HLF	CSW-A	LAS-A	ADW-A	KPT

Risk-Adjusted Indicators

There is a big difference between D2L Stock performing well and D2L 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 D2L'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
RSI	0.75	0.16	(0.01)	(0.19)	1.17	(0.88)	1.52	(1.33)	7.28
SOY	2.41	0.69	0.43	0.39	1.25	(3.03)	5.68	(2.82)	32.00
ELL	4.06	1.35	0.00	(1.03)	0.00	0.00	0.00	0.00	100.00
JWEL	0.96	0.19	0.09	1.86	0.73	(1.19)	2.56	(1.36)	5.62
HLF	0.73	0.30	0.27	11.29	0.23	(0.89)	2.47	(1.00)	5.40
CSW-A	0.82	0.03	(0.08)	(0.05)	1.16	(0.86)	1.72	(2.21)	5.77
LAS-A	1.03	0.08	(0.02)	(2.93)	1.40	(1.00)	2.18	(1.68)	7.94
ADW-A	0.75	0.04	(0.07)	(2.59)	0.87	(0.85)	1.95	(1.52)	5.01
KPT	0.58	0.16	0.12	0.87	0.18	(0.77)	2.09	(0.78)	4.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in D2L 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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D2L Corporate Management

Elected by the shareholders, the D2L's board of directors comprises two types of representatives: D2L inside directors who are chosen from within the company, and outside directors, selected externally and held independent of D2L. The board's role is to monitor D2L's management team and ensure that shareholders' interests are well served. D2L'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, D2L's outside directors are responsible for providing unbiased perspectives on the board's policies.

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