IA Financial Correlations

IAG Stock

CAD 131.95 2.38 1.77%

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

IA Financial Correlation With Market

Very weak diversification

The correlation between iA Financial and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iA Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IAG Stock

0.82	ECN	ECN Capital Corp	Pair Corr
0.82	NXE	NexGen Energy	Pair Corr
0.8	TD-PFI	Toronto Dominion Bank	Pair Corr

Moving against IAG Stock

0.82

VCM

Vecima Networks

Pair Corr

Related Correlations Analysis

	WMT	AMZN	UPS	HD	UNH	COST	JPM	IBM	BN
WMT		0.85	0.64	0.7	0.06	0.6	0.66	0.4	0.9	WMT
AMZN	0.85		0.5	0.57	0.18	0.65	0.67	0.22	0.86	AMZN
UPS	0.64	0.5		0.75	-0.31	0.05	0.39	0.47	0.71	UPS
HD	0.7	0.57	0.75		-0.11	0.21	0.3	0.79	0.8	HD
UNH	0.06	0.18	-0.31	-0.11		0.48	0.22	-0.15	0.02	UNH
COST	0.6	0.65	0.05	0.21	0.48		0.54	0.08	0.48	COST
JPM	0.66	0.67	0.39	0.3	0.22	0.54		-0.07	0.74	JPM
IBM	0.4	0.22	0.47	0.79	-0.15	0.08	-0.07		0.44	IBM
BN	0.9	0.86	0.71	0.8	0.02	0.48	0.74	0.44		BN
	WMT	AMZN	UPS	HD	UNH	COST	JPM	IBM	BN

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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

BN	+ 0.9	WMT
BN	+ 0.86	AMZN
AMZN	+ 0.85	WMT
BN	+ 0.8	HD
IBM	+ 0.79	HD
HD	+ 0.75	UPS

High negative correlations

UNH	- 0.31	UPS
IBM	- 0.15	UNH
UNH	- 0.11	HD
IBM	- 0.07	JPM

Risk-Adjusted Indicators

There is a big difference between IAG Stock performing well and IA Financial 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 IA Financial'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
WMT	0.76	0.25	0.15	(5.11)	0.73	(0.89)	1.51	(1.33)	4.55
AMZN	1.41	0.13	0.03	0.65	1.59	(1.53)	2.80	(2.97)	10.08
UPS	0.96	0.04	(0.05)	(0.75)	1.05	(1.14)	1.79	(1.63)	6.70
HD	0.96	0.18	0.06	(1.37)	1.03	(1.08)	2.13	(1.64)	5.93
UNH	1.00	(0.06)	(0.03)	0.04	1.58	(0.99)	1.87	(1.96)	8.47
COST	0.90	0.11	0.02	0.99	0.85	(1.00)	2.06	(1.69)	5.17
JPM	1.11	0.11	0.06	0.21	1.39	(1.15)	1.88	(2.18)	16.24
IBM	0.97	0.15	0.06	0.40	1.30	(1.04)	2.07	(1.80)	8.74
BN	1.13	0.30	0.20	0.56	1.02	(1.36)	3.02	(1.78)	7.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in IA Financial 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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