Extendicare Correlations
| EXETFDelisted Stock | USD 5.00 0.00 0.00% |
The current 90-days correlation between Extendicare and Sonida Senior Living is 0.08 (i.e., Significant diversification). The correlation of Extendicare 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.
Extendicare Correlation With Market
Good diversification
The correlation between Extendicare and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Extendicare and DJI in the same portfolio, assuming nothing else is changed.
Extendicare |
The ability to find closely correlated positions to Extendicare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extendicare 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 Extendicare - 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 Extendicare to buy it.
Moving against Extendicare Pink Sheet
| 0.61 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.61 | NYMTZ | New York Mortgage | PairCorr |
| 0.6 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.6 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.54 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.54 | TRTX-PC | TPG RE Finance Potential Growth | PairCorr |
| 0.52 | RC-PE | Ready Capital | PairCorr |
| 0.5 | RC-PC | Ready Capital | PairCorr |
| 0.49 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.35 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.35 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.34 | SACH-PA | Sachem Capital Corp | PairCorr |
| 0.33 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.32 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.32 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.63 | NYMTN | New York Mortgage | PairCorr |
| 0.63 | CIM-PA | Chimera Investment | PairCorr |
| 0.63 | FBRT-PE | Franklin BSP Realty | PairCorr |
| 0.58 | TWO-PA | Two Harbors Investment | PairCorr |
| 0.57 | ARR-PC | ARMOUR Residential REIT | PairCorr |
| 0.57 | MFA-PB | MFA Financial | PairCorr |
| 0.54 | CHMI-PB | Cherry Hill Mortgage | PairCorr |
| 0.54 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.49 | SILA | Sila Realty Trust, | PairCorr |
| 0.45 | CHMI-PA | Cherry Hill Mortgage | PairCorr |
| 0.43 | TWO-PC | Two Harbors Investment | PairCorr |
| 0.4 | RWT-PA | Redwood Trust | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Extendicare Pink Sheet performing well and Extendicare 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 Extendicare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RMYHY | 1.09 | (0.25) | 0.00 | (0.79) | 0.00 | 4.08 | 20.29 | |||
| JNHMF | 4.58 | 1.40 | 0.00 | 0.58 | 0.00 | 0.00 | 131.85 | |||
| NVLPF | 4.01 | 0.23 | 0.02 | 0.35 | 5.79 | 11.76 | 47.34 | |||
| MCIOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FSNUY | 0.99 | (0.14) | 0.00 | (0.10) | 0.00 | 1.88 | 5.02 | |||
| DNTCF | 1.03 | 0.07 | 0.01 | 0.24 | 1.49 | 3.14 | 10.34 | |||
| TOI | 4.74 | (1.28) | 0.00 | (0.46) | 0.00 | 8.82 | 39.32 | |||
| MFCSF | 1.47 | 0.20 | 0.05 | 1.30 | 1.53 | 3.97 | 7.33 | |||
| IONM | 10.52 | (2.37) | 0.00 | 0.98 | 0.00 | 17.24 | 147.97 | |||
| SNDA | 2.41 | (0.23) | 0.00 | (0.04) | 0.00 | 5.59 | 12.89 |
View Extendicare Related Equities
| Risk & Return | Correlation |
Extendicare Corporate Management
| Ali Mir | ParaMed VP | Profile | |
| Lisa Pearson | VP Affairs | Profile | |
| Matthew Morgan | Chief Officer | Profile | |
| Leslie Sarauer | VP Officer | Profile | |
| Bruce Wienberg | VP Care | Profile | |
| John Toffoletto | Chief VP | Profile |
Still Interested in Extendicare?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.