Great West Correlations

GWO-PS Preferred Stock

CAD 21.62 0.11 0.51%

The current 90-days correlation between Great West Lifeco and Rogers Communications is 0.12 (i.e., Average diversification). The correlation of Great West 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.

Great West Correlation With Market

Good diversification

The correlation between Great West Lifeco and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Lifeco and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Great Preferred Stock

0.9

NRR-UN

Northview Residential

Pair Corr

Moving against Great Preferred Stock

0.64	FFN	North American Financial	Pair Corr
0.57	WCM-A	Wilmington Capital	Pair Corr
0.31	WINS	Winshear Gold Corp	Pair Corr
0.31	DGS	Dividend Growth Split	Pair Corr

Related Correlations Analysis

	AYA	PRN	GMX	PRU	GATO	DCM	RCI-A	NIM
AYA		-0.36	0.19	0.73	0.57	0.43	0.56	0.03	AYA
PRN	-0.36		-0.27	-0.45	-0.59	0.17	-0.35	0.33	PRN
GMX	0.19	-0.27		0.55	0.77	-0.5	-0.36	-0.83	GMX
PRU	0.73	-0.45	0.55		0.8	0.09	0.28	-0.29	PRU
GATO	0.57	-0.59	0.77	0.8		-0.22	-0.04	-0.66	GATO
DCM	0.43	0.17	-0.5	0.09	-0.22		0.42	0.63	DCM
RCI-A	0.56	-0.35	-0.36	0.28	-0.04	0.42		0.47	RCI-A
NIM	0.03	0.33	-0.83	-0.29	-0.66	0.63	0.47		NIM
	AYA	PRN	GMX	PRU	GATO	DCM	RCI-A	NIM

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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

GATO	+ 0.8	PRU
GATO	+ 0.77	GMX
PRU	+ 0.73	AYA
NIM	+ 0.63	DCM
GATO	+ 0.57	AYA
RCI-A	+ 0.56	AYA

High negative correlations

NIM	- 0.83	GMX
NIM	- 0.66	GATO
GATO	- 0.59	PRN
DCM	- 0.5	GMX
PRU	- 0.45	PRN
RCI-A	- 0.36	GMX

Risk-Adjusted Indicators

There is a big difference between Great Preferred Stock performing well and Great West 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 Great West'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
AYA	2.97	(0.20)	0.00	1.58	0.00	0.00	6.44	(4.54)	29.98
PRN	1.88	(0.27)	0.00	(1.22)	0.00	0.00	3.47	(3.70)	14.97
GMX	1.92	0.38	0.13	7.62	1.72	(2.44)	4.76	(2.91)	11.78
PRU	2.06	0.13	(0.02)	(0.14)	2.42	(2.14)	3.91	(4.07)	11.15
GATO	3.24	0.55	0.09	(0.33)	3.08	(4.10)	6.50	(6.34)	22.56
DCM	1.95	(0.52)	0.00	(0.87)	0.00	0.00	3.46	(3.39)	35.85
RCI-A	0.91	0.01	0.00	0.07	0.00	0.00	1.87	(2.02)	6.55
NIM	2.57	(0.27)	0.00	0.79	0.00	0.00	7.69	(6.67)	22.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Great West 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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Great West Corporate Management

Elected by the shareholders, the Great West's board of directors comprises two types of representatives: Great West inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Great. The board's role is to monitor Great West's management team and ensure that shareholders' interests are well served. Great West'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, Great West's outside directors are responsible for providing unbiased perspectives on the board's policies.

Douglas Tkach	Senior Auditor	Profile
Raman CFA	Executive Officer	Profile
Michael Dibden	Executive Officer	Profile
Garry MacNicholas	Executive Officer	Profile
Gordon Menzie	Senior Treasury	Profile

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