Exchange Income Correlations

EIF Stock

CAD 103.53 1.59 1.51%

The current 90-days correlation between Exchange Income and Secure Energy Services is -0.25 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exchange Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exchange Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Exchange Income Correlation With Market

Poor diversification

The correlation between Exchange Income and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exchange Income and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Exchange Stock

0.79	CEF	Sprott Physical Gold	Pair Corr
0.71	GPCC-P	Green Panda Capital	Pair Corr
0.69	SLF-PG	Sun Life Non	Pair Corr
0.87	HFPC-U	Helios Fairfax Partners	Pair Corr
0.85	MDM	Madoro Metals Corp	Pair Corr
0.87	PML	Panoro Minerals	Pair Corr
0.66	CBR	Cabral Gold	Pair Corr
0.87	BTO	B2Gold Corp	Pair Corr
0.82	BN-PFI	Brookfield	Pair Corr
0.93	HLF	High Liner Foods	Pair Corr
0.66	GIG	XAU Resources	Pair Corr
0.71	RTG	RTG Mining	Pair Corr
0.9	LNR	Linamar Earnings Call Today	Pair Corr
0.62	MOLY	Greenland Resources	Pair Corr
0.65	URE	Ur Energy	Pair Corr
0.76	DE	Decisive Dividend Corp Earnings Call This Week	Pair Corr
0.92	ATX	ATEX Resources	Pair Corr
0.92	GUG	Gungnir Resources	Pair Corr
0.73	FTEC	Fintech Select	Pair Corr
0.84	PESO	Pesorama	Pair Corr
0.8	ENB-PFC	Enbridge Pref 11	Pair Corr
0.71	ISO	IsoEnergy	Pair Corr
0.78	OYL	CGX Energy	Pair Corr
0.68	GKO	Geekco Technologies Corp	Pair Corr
0.64	MFC-PP	Manulife Financial Corp	Pair Corr
0.76	IFA	iFabric Corp	Pair Corr
0.78	SLF-PJ	Sun Life Financial	Pair Corr

Moving against Exchange Stock

0.46

PVF-UN

Partners Value Inves

Pair Corr

Related Correlations Analysis

	SES	MDA	AC	ATS	BBU-UN	HPS-A	BDGI	RUS	CHR
SES		0.53	0.51	0.63	-0.29	0.79	-0.42	0.36	0.73	SES
MDA	0.53		0.54	0.77	-0.27	0.57	-0.03	0.91	0.5	MDA
AC	0.51	0.54		0.65	-0.08	0.57	-0.54	0.57	0.41	AC
ATS	0.63	0.77	0.65		-0.2	0.6	-0.18	0.76	0.61	ATS
BBU-UN	-0.29	-0.27	-0.08	-0.2		-0.3	0.18	-0.15	-0.45	BBU-UN
HPS-A	0.79	0.57	0.57	0.6	-0.3		-0.61	0.49	0.5	HPS-A
BDGI	-0.42	-0.03	-0.54	-0.18	0.18	-0.61		-0.12	-0.07	BDGI
RUS	0.36	0.91	0.57	0.76	-0.15	0.49	-0.12		0.27	RUS
CHR	0.73	0.5	0.41	0.61	-0.45	0.5	-0.07	0.27		CHR
	SES	MDA	AC	ATS	BBU-UN	HPS-A	BDGI	RUS	CHR

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

RUS	+ 0.91	MDA
HPS-A	+ 0.79	SES
ATS	+ 0.77	MDA
RUS	+ 0.76	ATS
CHR	+ 0.73	SES
ATS	+ 0.65	AC

High negative correlations

BDGI	- 0.61	HPS-A
BDGI	- 0.54	AC
CHR	- 0.45	BBU-UN
BDGI	- 0.42	SES
HPS-A	- 0.3	BBU-UN
BBU-UN	- 0.29	SES

Risk-Adjusted Indicators

There is a big difference between Exchange Stock performing well and Exchange Income 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 Exchange Income'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
SES	1.27	0.12	0.06	0.61	1.49	(1.30)	2.85	(2.64)	6.95
MDA	2.71	0.86	0.30	2.07	2.30	(3.27)	6.46	(4.59)	20.58
AC	1.49	(0.02)	(0.01)	0.02	2.07	(1.61)	3.74	(3.24)	12.26
ATS	1.68	0.28	0.14	0.30	1.85	(1.95)	4.09	(2.58)	11.33
BBU-UN	1.73	(0.02)	(0.01)	0.02	2.16	(1.81)	4.48	(3.34)	11.28
HPS-A	1.94	0.13	0.06	0.13	2.27	(2.05)	4.63	(4.67)	11.34
BDGI	1.56	0.04	0.01	0.13	2.11	(1.58)	3.43	(3.96)	9.94
RUS	0.95	0.24	0.11	0.41	1.65	(1.03)	2.15	(1.06)	12.24
CHR	1.18	0.16	0.08	(1.27)	1.31	(1.42)	2.53	(2.52)	11.42

Be your own money manager

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