GDI Integrated Correlations

GDI Stock

CAD 36.25 0.03 0.08%

The current 90-days correlation between GDI Integrated and Dexterra Group is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GDI Integrated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GDI Integrated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GDI Integrated Correlation With Market

Average diversification

The correlation between GDI Integrated and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GDI Integrated and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GDI Stock

0.76	AX-UN	Artis Real Estate	Pair Corr
0.62	ADEN	ADENTRA	Pair Corr
0.61	IE	Ivanhoe Energy	Pair Corr
0.84	ENB-PFU	Enbridge Pref L	Pair Corr
0.65	KTO	K2 Gold	Pair Corr
0.68	VM	Voyageur Pharmaceuticals	Pair Corr
0.75	NXR-UN	Nexus Real Estate	Pair Corr

Related Correlations Analysis

	DXT	KBL	CGY	ALC	AFN	DIV	CHR	ZDC	WJX	ADEN
DXT		-0.77	0.78	0.93	-0.68	0.93	-0.78	-0.6	0.89	0.23	DXT
KBL	-0.77		-0.57	-0.78	0.81	-0.78	0.81	0.72	-0.73	0.15	KBL
CGY	0.78	-0.57		0.8	-0.39	0.85	-0.54	-0.54	0.64	0.26	CGY
ALC	0.93	-0.78	0.8		-0.76	0.9	-0.77	-0.64	0.87	0.04	ALC
AFN	-0.68	0.81	-0.39	-0.76		-0.61	0.81	0.58	-0.71	0.43	AFN
DIV	0.93	-0.78	0.85	0.9	-0.61		-0.78	-0.7	0.81	0.25	DIV
CHR	-0.78	0.81	-0.54	-0.77	0.81	-0.78		0.71	-0.69	0.08	CHR
ZDC	-0.6	0.72	-0.54	-0.64	0.58	-0.7	0.71		-0.43	0.03	ZDC
WJX	0.89	-0.73	0.64	0.87	-0.71	0.81	-0.69	-0.43		0.08	WJX
ADEN	0.23	0.15	0.26	0.04	0.43	0.25	0.08	0.03	0.08		ADEN
	DXT	KBL	CGY	ALC	AFN	DIV	CHR	ZDC	WJX	ADEN

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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

ALC	+ 0.93	DXT
DIV	+ 0.93	DXT
DIV	+ 0.9	ALC
WJX	+ 0.89	DXT
WJX	+ 0.87	ALC
DIV	+ 0.85	CGY

High negative correlations

CHR	- 0.78	DIV
DIV	- 0.78	KBL
ALC	- 0.78	KBL
CHR	- 0.78	DXT
CHR	- 0.77	ALC
KBL	- 0.77	DXT

Risk-Adjusted Indicators

There is a big difference between GDI Stock performing well and GDI Integrated 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 GDI Integrated'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
DXT	1.07	0.37	0.25	1.27	0.72	(1.37)	2.36	(1.64)	7.20
KBL	0.79	(0.10)	0.00	(0.07)	0.00	0.00	1.71	(1.42)	6.14
CGY	1.71	0.07	0.05	0.16	1.95	(1.82)	2.72	(3.57)	15.15
ALC	0.89	0.16	0.09	0.73	0.81	(1.08)	2.59	(1.36)	5.96
AFN	3.02	(0.30)	0.00	(0.01)	0.00	0.00	5.56	(4.87)	44.10
DIV	0.76	0.13	0.04	0.81	0.98	(0.84)	1.44	(1.85)	8.71
CHR	0.94	(0.13)	0.00	(0.11)	0.00	0.00	2.18	(1.74)	11.55
ZDC	2.78	(0.07)	0.00	0.06	4.29	(2.91)	4.94	(4.31)	23.80
WJX	1.07	0.29	0.22	0.55	0.80	(1.25)	2.08	(2.10)	10.71
ADEN	1.42	0.10	0.07	0.19	1.40	(1.59)	3.03	(2.56)	9.94

Be your own money manager

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