Dexterra Correlations

HZNOF Stock

USD 5.21 0.11 2.07%

The current 90-days correlation between Dexterra Group and Intertek Group Plc is 0.28 (i.e., Modest diversification). The correlation of Dexterra 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.

Dexterra Correlation With Market

Significant diversification

The correlation between Dexterra Group 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 Dexterra Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dexterra Pink Sheet

0.8	FSTF	First State Financial	Pair Corr
0.61	COHG	Cheetah Oil Gas	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.78	AXP	American Express Earnings Call This Week	Pair Corr
0.82	WMT	Walmart	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.79	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Dexterra Pink Sheet

0.81	JNJ	Johnson Johnson Earnings Call Tomorrow	Pair Corr
0.81	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	INTC	Intel Earnings Call This Week	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.49	KO	Coca Cola Sell-off Trend	Pair Corr
0.46	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.37	VZ	Verizon Communications Earnings Call Today	Pair Corr

Related Correlations Analysis

	IKTSY	WLDPF	CGRW	DCMDF	MITFY	TLPFF	CTGL
IKTSY		0.46	-0.18	0.52	0.59	0.4	0.56	IKTSY
WLDPF	0.46		-0.22	0.77	0.82	0.83	0.45	WLDPF
CGRW	-0.18	-0.22		-0.18	-0.2	-0.22	-0.3	CGRW
DCMDF	0.52	0.77	-0.18		0.81	0.82	0.24	DCMDF
MITFY	0.59	0.82	-0.2	0.81		0.74	0.41	MITFY
TLPFF	0.4	0.83	-0.22	0.82	0.74		0.12	TLPFF
CTGL	0.56	0.45	-0.3	0.24	0.41	0.12		CTGL
	IKTSY	WLDPF	CGRW	DCMDF	MITFY	TLPFF	CTGL

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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

TLPFF	+ 0.83	WLDPF
MITFY	+ 0.82	WLDPF
TLPFF	+ 0.82	DCMDF
MITFY	+ 0.81	DCMDF
DCMDF	+ 0.77	WLDPF
TLPFF	+ 0.74	MITFY

High negative correlations

CTGL	- 0.3	CGRW
TLPFF	- 0.22	CGRW
CGRW	- 0.22	WLDPF
MITFY	- 0.2	CGRW
DCMDF	- 0.18	CGRW
CGRW	- 0.18	IKTSY

Risk-Adjusted Indicators

There is a big difference between Dexterra Pink Sheet performing well and Dexterra 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 Dexterra'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
IKTSY	1.36	(0.14)	0.00	(0.93)	0.00	0.00	2.64	(3.03)	10.56
WLDPF	6.24	(0.79)	0.00	0.29	0.00	0.00	15.38	(19.09)	105.00
CGRW	11.59	1.88	0.12	0.48	11.70	(20.06)	45.10	(28.21)	83.33
DCMDF	1.73	(0.18)	0.00	(0.29)	0.00	0.00	4.44	(2.99)	36.56
MITFY	1.76	(0.13)	0.00	(3.53)	0.00	0.00	2.98	(4.45)	13.74
TLPFF	1.45	(0.08)	0.00	(0.58)	0.00	0.00	3.23	(4.53)	19.74
CTGL	2.64	(1.39)	0.00	(2.27)	0.00	0.00	0.00	0.00	50.00

Be your own money manager

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

LeeAnne LyonBartley	Safety, Health	Profile
Mark Becker	Chief Officer	Profile
Christos Gazeas	Exec Sec	Profile
Roderick Maccuish	Exec Planning	Profile
Sanjay Gomes	Pres Management	Profile
Cindy McArthur	Chief Officer	Profile

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