DynaCERT Correlations

DYA Stock

CAD 0.1 0.01 5.56%

The current 90-days correlation between DynaCERT and PyroGenesis Canada is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DynaCERT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DynaCERT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DynaCERT Correlation With Market

Modest diversification

The correlation between DynaCERT and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DynaCERT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DynaCERT Stock

0.91	MSFT	Microsoft CDR	Pair Corr
0.91	MSFT	Microsoft Corp CDR	Pair Corr

Moving against DynaCERT Stock

0.94	ISRG	Intuitive Surgical CDR	Pair Corr
0.93	LA	Los Andes Copper	Pair Corr
0.93	DOL	Dollarama	Pair Corr
0.92	PTEC	Principal Technologies	Pair Corr
0.91	POW	Power	Pair Corr
0.9	GOOG	Alphabet CDR	Pair Corr
0.9	GOOG	Alphabet CDR	Pair Corr
0.76	GMG	Graphene Manufacturing	Pair Corr
0.75	AAPL	Apple CDR	Pair Corr
0.75	AAPL	Apple Inc CDR	Pair Corr
0.75	ELD	Eldorado Gold Corp	Pair Corr
0.72	WMT	Walmart Inc CDR	Pair Corr
0.41	JPM	JPMorgan Chase	Pair Corr
0.35	NTH	Nord Precious Metals	Pair Corr

Related Correlations Analysis

	PYR	TTNM	DCM	ENW	ROOF	BLM	NXH	AEP
PYR		0.74	0.29	0.17	-0.37	-0.14	-0.25	-0.12	PYR
TTNM	0.74		0.69	0.39	-0.75	-0.08	0.07	-0.52	TTNM
DCM	0.29	0.69		0.17	-0.88	-0.21	0.22	-0.82	DCM
ENW	0.17	0.39	0.17		-0.34	0.23	0.42	-0.37	ENW
ROOF	-0.37	-0.75	-0.88	-0.34		0.02	-0.31	0.83	ROOF
BLM	-0.14	-0.08	-0.21	0.23	0.02		0.3	-0.02	BLM
NXH	-0.25	0.07	0.22	0.42	-0.31	0.3		-0.61	NXH
AEP	-0.12	-0.52	-0.82	-0.37	0.83	-0.02	-0.61		AEP
	PYR	TTNM	DCM	ENW	ROOF	BLM	NXH	AEP

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

AEP	+ 0.83	ROOF
TTNM	+ 0.74	PYR
DCM	+ 0.69	TTNM
NXH	+ 0.42	ENW
ENW	+ 0.39	TTNM
NXH	+ 0.3	BLM

High negative correlations

ROOF	- 0.88	DCM
AEP	- 0.82	DCM
ROOF	- 0.75	TTNM
AEP	- 0.61	NXH
AEP	- 0.52	TTNM
AEP	- 0.37	ENW

Risk-Adjusted Indicators

There is a big difference between DynaCERT Stock performing well and DynaCERT 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 DynaCERT'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
PYR	4.53	0.53	0.10	0.33	3.86	(8.11)	11.11	(6.06)	49.38
TTNM	1.90	0.30	0.12	0.60	1.92	(2.36)	4.58	(3.18)	11.25
DCM	2.01	0.27	0.09	0.69	2.07	(2.67)	5.47	(3.66)	12.40
ENW	2.65	0.14	0.02	0.90	3.12	(4.54)	5.88	(4.88)	30.95
ROOF	2.38	(0.41)	0.00	0.42	0.00	0.00	5.71	(5.41)	20.31
BLM	2.53	0.39	0.12	0.40	2.50	(3.43)	6.30	(3.79)	15.29
NXH	3.88	0.51	0.05	1.15	4.95	(8.55)	13.64	(6.78)	41.88
AEP	1.78	(0.28)	0.00	(0.16)	0.00	0.00	4.84	(4.41)	12.11

Be your own money manager

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