PopReach Correlations
| INIK Stock | 0.06 0.01 8.33% |
The correlation of PopReach 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. If the correlation is 0, the equities are not correlated; they are entirely random.
PopReach Correlation With Market
Excellent diversification
The correlation between PopReach and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PopReach and DJI in the same portfolio, assuming nothing else is changed.
PopReach |
The ability to find closely correlated positions to PopReach could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PopReach 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 PopReach - 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 PopReach to buy it.
Moving together with PopReach Stock
Moving against PopReach Stock
| 0.79 | LIRC | Lithium Royalty Corp | PairCorr |
| 0.77 | ZCC-H | Zena Mining Corp | PairCorr |
| 0.7 | GMA | Geomega Resources | PairCorr |
| 0.7 | GMG | Graphene Manufacturing | PairCorr |
| 0.7 | WAST | Waste Management, | PairCorr |
| 0.69 | TECK-A | Teck Resources | PairCorr |
| 0.65 | LIFT | Li FT Power | PairCorr |
| 0.64 | FMAN | Freeman Gold Corp | PairCorr |
| 0.63 | HSTR | Heliostar Metals | PairCorr |
| 0.6 | NXE | NexGen Energy | PairCorr |
| 0.59 | ROCK | Rockridge Resources | PairCorr |
| 0.57 | EQX | Equinox Gold Corp | PairCorr |
| 0.57 | PPL-PC | Pembina Pipeline Corp | PairCorr |
| 0.56 | TNZ | Tenaz Energy Corp | PairCorr |
| 0.52 | CLM | Enduro Metals | PairCorr |
| 0.51 | CBR | Cabral Gold | PairCorr |
| 0.5 | DFR | Diamond Fields Resources | PairCorr |
| 0.48 | SGU | Signature Resources | PairCorr |
| 0.44 | SC-H | Serrano Resources | PairCorr |
| 0.43 | HPQ | HPQ Silicon Resources | PairCorr |
| 0.36 | GRDM | Grid Metals Corp | PairCorr |
| 0.87 | QZM | Quartz Mountain Resources | PairCorr |
| 0.87 | PJX | PJX Resources | PairCorr |
| 0.82 | GIL | Gildan Activewear | PairCorr |
| 0.82 | SLF | Sun Life Financial Earnings Call This Week | PairCorr |
| 0.82 | DNG | Dynacor Gold Mines | PairCorr |
| 0.79 | INO-UN | Inovalis Real Estate | PairCorr |
| 0.75 | BCE-PT | Bce Inc Pref | PairCorr |
| 0.73 | QNC | Quantum eMotion Corp | PairCorr |
Related Correlations Analysis
| 0.51 | -0.21 | -0.21 | 0.63 | 0.0 | CCA | ||
| 0.51 | 0.18 | -0.09 | 0.6 | 0.0 | NEXT | ||
| -0.21 | 0.18 | 0.5 | -0.08 | 0.0 | LORL | ||
| -0.21 | -0.09 | 0.5 | -0.03 | 0.0 | DWS | ||
| 0.63 | 0.6 | -0.08 | -0.03 | 0.0 | HPQ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JNH | ||
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 PopReach Stock performing well and PopReach 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 PopReach'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCA | 0.88 | 0.08 | 0.01 | 0.45 | 1.39 | 1.63 | 9.51 | |||
| NEXT | 3.72 | 0.13 | 0.04 | 0.15 | 3.89 | 8.89 | 26.05 | |||
| LORL | 0.48 | 0.20 | 0.00 | (1.73) | 0.00 | 2.22 | 5.97 | |||
| DWS | 2.92 | 0.49 | 0.05 | (0.35) | 3.18 | 5.88 | 18.06 | |||
| HPQ | 2.26 | 0.21 | 0.02 | 3.14 | 2.69 | 5.56 | 15.56 | |||
| JNH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PopReach 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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PopReach Corporate Management
Elected by the shareholders, the PopReach's board of directors comprises two types of representatives: PopReach inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PopReach. The board's role is to monitor PopReach's management team and ensure that shareholders' interests are well served. PopReach'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, PopReach's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey Collins | Chief Officer | Profile | |
| Corey McCutchen | Officer | Profile | |
| Joseph Barreca | Officer | Profile | |
| Lois Norris | Chief Officer | Profile | |
| Reena Bains | Chief Officer | Profile |