Goeasy Correlations
| GSY Stock | CAD 131.29 0.89 0.68% |
The current 90-days correlation between goeasy and EQB Inc is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Goeasy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if goeasy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Goeasy Correlation With Market
Modest diversification
The correlation between goeasy and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding goeasy and DJI in the same portfolio, assuming nothing else is changed.
Goeasy |
The ability to find closely correlated positions to Goeasy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goeasy 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 Goeasy - 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 goeasy to buy it.
Moving together with Goeasy Stock
Moving against Goeasy Stock
| 0.92 | QBR-B | Quebecor | PairCorr |
| 0.85 | MAXQ | Maritime Launch Services | PairCorr |
| 0.74 | KEC | Kiwetinohk Energy Corp | PairCorr |
| 0.74 | IGM | IGM Financial | PairCorr |
| 0.66 | AX-UN | Artis Real Estate | PairCorr |
| 0.65 | CCA | Cogeco Communications | PairCorr |
| 0.63 | TD | Toronto Dominion Bank | PairCorr |
| 0.63 | IAG | iA Financial | PairCorr |
| 0.57 | CGG | China Gold International | PairCorr |
| 0.57 | BNE | Bonterra Energy Corp | PairCorr |
| 0.55 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.51 | FTU-PB | US Financial 15 | PairCorr |
| 0.45 | MKZ-UN | Mackenzie Mstr Un | PairCorr |
| 0.44 | EOG | Eco Atlantic Oil | PairCorr |
| 0.44 | BAMI | Blue Ant Media | PairCorr |
| 0.43 | APGO | Apollo Silver Corp | PairCorr |
| 0.35 | CLCO | Culico Metals | PairCorr |
| 0.87 | POW | Power | PairCorr |
| 0.85 | PRM | Big Pharma Split | PairCorr |
| 0.79 | STRR | Star Royalties | PairCorr |
| 0.72 | SFI | Solution Financial | PairCorr |
| 0.68 | NPTH | NeuPath Health | PairCorr |
| 0.67 | LDB-P | LDB Capital Corp | PairCorr |
| 0.66 | AVR | Avaron Mining Corp | PairCorr |
| 0.6 | GMG | Graphene Manufacturing | PairCorr |
| 0.59 | FFN | North American Financial | PairCorr |
| 0.54 | SEA | Seabridge Gold | PairCorr |
| 0.49 | PNTR | Pantera Silver Corp | PairCorr |
| 0.49 | GRID | Tantalus Systems Holding | PairCorr |
| 0.43 | CN | Condor Resources | PairCorr |
Related Correlations Analysis
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 Goeasy Stock performing well and Goeasy 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 Goeasy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EQB | 0.95 | 0.15 | 0.14 | 0.40 | 0.64 | 1.88 | 14.17 | |||
| SII | 1.66 | 0.29 | 0.11 | 0.41 | 2.22 | 3.73 | 10.41 | |||
| PRL | 2.64 | (0.35) | 0.00 | (0.24) | 0.00 | 5.98 | 20.10 | |||
| BITF | 5.91 | 0.03 | 0.01 | 0.07 | 6.45 | 14.76 | 59.53 | |||
| CYB | 0.80 | 0.05 | 0.00 | 0.30 | 0.90 | 1.72 | 4.85 | |||
| GCG-A | 0.11 | 0.01 | (0.29) | 1.13 | 0.00 | 0.25 | 0.90 | |||
| ECN | 1.15 | 0.04 | (0.03) | (0.04) | 1.32 | 2.19 | 13.31 | |||
| TSU | 1.29 | 0.13 | 0.07 | 0.32 | 1.25 | 3.07 | 8.14 | |||
| GCG | 0.13 | 0.01 | (0.16) | 0.19 | 0.11 | 0.30 | 2.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Goeasy 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.Did you try this?
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Goeasy Corporate Executives
Elected by the shareholders, the Goeasy's board of directors comprises two types of representatives: Goeasy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goeasy. The board's role is to monitor Goeasy's management team and ensure that shareholders' interests are well served. Goeasy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goeasy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hal CPA | CFO VP | Profile | |
| Jackie Foo | Executive COO | Profile | |
| Jason Mullins | COO and Executive VP | Profile |