Keyera Corp Correlations
| K2Y Stock | EUR 31.52 0.83 2.70% |
The current 90-days correlation between Keyera Corp and Singapore Telecommunications Limited is 0.15 (i.e., Average diversification). The correlation of Keyera Corp 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.
Keyera Corp Correlation With Market
Average diversification
The correlation between Keyera Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keyera Corp and DJI in the same portfolio, assuming nothing else is changed.
Keyera |
The ability to find closely correlated positions to Keyera Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keyera Corp 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 Keyera Corp - 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 Keyera Corp to buy it.
Moving together with Keyera Stock
| 0.88 | EN3 | Enbridge | PairCorr |
| 0.74 | TRS | TC Energy | PairCorr |
| 0.77 | CHQ1 | Cheniere Energy | PairCorr |
| 0.88 | 2KD | Kinder Morgan | PairCorr |
| 0.87 | WMB | The Williams Companies | PairCorr |
| 0.84 | ONK | ONEOK Inc | PairCorr |
| 0.92 | P5P | Pembina Pipeline Corp | PairCorr |
| 0.85 | TAR | Targa Resources Corp | PairCorr |
| 0.62 | BRH | Berkshire Hathaway | PairCorr |
| 0.63 | BRYN | Berkshire Hathaway | PairCorr |
| 0.64 | BRYN | Berkshire Hathaway | PairCorr |
| 0.62 | KBIA | KB Financial Group | PairCorr |
| 0.89 | UN3 | United Natural Foods | PairCorr |
| 0.79 | EK7 | AGRICUL BK CHINA | PairCorr |
Moving against Keyera Stock
| 0.85 | SSU | Samsung Electronics | PairCorr |
| 0.8 | SSUN | Samsung Electronics | PairCorr |
| 0.59 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.47 | HYU | Hyundai Motor | PairCorr |
| 0.43 | PKX | POSCO Holdings | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Keyera Stock performing well and Keyera Corp 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 Keyera Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CQD | 1.93 | 0.25 | 0.09 | 0.57 | 1.88 | 5.22 | 19.48 | |||
| N4Q1 | 1.16 | 0.24 | 0.07 | 0.88 | 1.10 | 4.07 | 9.34 | |||
| 9YM | 1.89 | 0.05 | 0.02 | 0.18 | 2.47 | 3.72 | 14.36 | |||
| FMW | 2.83 | (0.31) | 0.00 | (1.13) | 0.00 | 7.27 | 20.72 | |||
| CLH | 1.25 | 0.19 | 0.10 | 0.39 | 1.22 | 3.25 | 12.11 | |||
| CVS | 1.70 | (0.07) | 0.00 | 0.08 | 2.29 | 3.13 | 21.73 | |||
| 5EZ | 1.17 | 0.06 | (0.04) | (0.20) | 1.58 | 2.33 | 8.82 | |||
| SIT4 | 1.55 | 0.15 | 0.02 | (7.40) | 1.48 | 3.06 | 9.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Keyera Corp 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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Keyera Corp Corporate Management
Elected by the shareholders, the Keyera Corp's board of directors comprises two types of representatives: Keyera Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Keyera. The board's role is to monitor Keyera Corp's management team and ensure that shareholders' interests are well served. Keyera Corp'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, Keyera Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Desiree Crawford | People Safety | Profile | |
| Calvin Locke | Ma Relations | Profile | |
| Darren Rousch | VP Operations | Profile | |
| Nancy Brennan | Sr Counsel | Profile |