Finning International Correlations

FINGF Stock

USD 54.61 0.14 0.26%

The current 90-days correlation between Finning International and Andritz AG ADR is 0.08 (i.e., Significant diversification). The correlation of Finning International 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.

Finning International Correlation With Market

Significant diversification

The correlation between Finning International and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finning International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Finning Pink Sheet

0.62	MRK	Merck Company	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.68	KO	Coca Cola	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.83	BAC	Bank of America	Pair Corr

Moving against Finning Pink Sheet

0.73	T	ATT Inc	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.62	MSFT	Microsoft Sell-off Trend	Pair Corr
0.6	CMWCF	Cromwell Property	Pair Corr
0.44	HCMC	Healthier Choices	Pair Corr

Related Correlations Analysis

	ADRZY	VLMTY	EBCOF	ADRZF	HTCMY	ASHTY	SOMLY	SPXSF	KNCRF	SPXSY
ADRZY		-0.38	0.0	0.37	-0.38	-0.49	0.01	-0.44	0.71	-0.11	ADRZY
VLMTY	-0.38		0.0	-0.37	0.08	0.84	-0.25	0.02	-0.19	-0.12	VLMTY
EBCOF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EBCOF
ADRZF	0.37	-0.37	0.0		-0.43	-0.36	0.59	-0.36	0.53	-0.13	ADRZF
HTCMY	-0.38	0.08	0.0	-0.43		0.24	-0.44	0.7	-0.62	0.58	HTCMY
ASHTY	-0.49	0.84	0.0	-0.36	0.24		-0.17	0.14	-0.36	0.03	ASHTY
SOMLY	0.01	-0.25	0.0	0.59	-0.44	-0.17		-0.38	0.16	0.02	SOMLY
SPXSF	-0.44	0.02	0.0	-0.36	0.7	0.14	-0.38		-0.64	0.41	SPXSF
KNCRF	0.71	-0.19	0.0	0.53	-0.62	-0.36	0.16	-0.64		-0.38	KNCRF
SPXSY	-0.11	-0.12	0.0	-0.13	0.58	0.03	0.02	0.41	-0.38		SPXSY
	ADRZY	VLMTY	EBCOF	ADRZF	HTCMY	ASHTY	SOMLY	SPXSF	KNCRF	SPXSY

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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

ASHTY	+ 0.84	VLMTY
KNCRF	+ 0.71	ADRZY
SPXSF	+ 0.7	HTCMY
SOMLY	+ 0.59	ADRZF
SPXSY	+ 0.58	HTCMY
KNCRF	+ 0.53	ADRZF

High negative correlations

KNCRF	- 0.64	SPXSF
KNCRF	- 0.62	HTCMY
ASHTY	- 0.49	ADRZY
SOMLY	- 0.44	HTCMY
SPXSF	- 0.44	ADRZY
HTCMY	- 0.43	ADRZF

Risk-Adjusted Indicators

There is a big difference between Finning Pink Sheet performing well and Finning International 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 Finning International'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
ADRZY	1.11	0.22	0.04	(1.78)	1.63	(2.25)	3.69	(2.62)	12.99
VLMTY	0.33	(0.15)	0.00	(1.69)	0.00	0.00	0.00	0.00	13.20
EBCOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADRZF	0.19	0.07	0.00	1.42	0.00	0.00	0.00	0.00	6.31
HTCMY	0.86	(0.04)	0.00	(1.64)	0.00	0.00	4.17	(4.65)	13.07
ASHTY	2.75	(1.15)	0.00	(0.86)	0.00	0.00	3.10	(2.59)	80.43
SOMLY	0.87	(0.09)	0.00	(0.13)	0.00	0.00	1.93	(1.54)	8.20
SPXSF	0.50	(0.05)	0.00	(0.13)	0.00	0.00	0.87	(1.38)	14.15
KNCRF	0.11	0.04	0.00	0.61	0.00	0.00	0.00	0.00	2.33
SPXSY	1.22	(0.07)	(0.04)	0.00	1.88	(1.10)	2.67	(2.61)	7.47

Be your own money manager

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

David Cummings	CIO and Executive VP	Profile
Juan Amar	Pres America	Profile
CPA CMA	VP Canada	Profile
Russell Day	Sr Devel	Profile
Jane Murdoch	General Counsel, Secretary	Profile

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