KP Tissue Correlations
| KPT Stock | CAD 10.45 0.22 2.15% |
The current 90-days correlation between KP Tissue and Netflix Inc CDR is -0.37 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KP Tissue moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KP Tissue moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
KP Tissue Correlation With Market
Significant diversification
The correlation between KP Tissue and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KP Tissue and DJI in the same portfolio, assuming nothing else is changed.
KPT |
The ability to find closely correlated positions to KP Tissue could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KP Tissue 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 KP Tissue - 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 KP Tissue to buy it.
Moving together with KPT Stock
| 0.73 | EBM | Eastwood Bio Medical | PairCorr |
| 0.85 | ZZE-H | Zidane Capital Corp | PairCorr |
| 0.83 | FTU-PB | US Financial 15 | PairCorr |
| 0.83 | LGC | Lavras Gold Corp | PairCorr |
| 0.79 | POW | Power | PairCorr |
| 0.86 | CBR | Cabral Gold Earnings Call This Week | PairCorr |
| 0.9 | SAP | Saputo Inc | PairCorr |
| 0.84 | FFN | North American Financial | PairCorr |
| 0.84 | SFI | Solution Financial | PairCorr |
| 0.87 | PRM | Big Pharma Split | PairCorr |
| 0.75 | CCA | Cogeco Communications | PairCorr |
| 0.83 | TPL | Tethys Petroleum | PairCorr |
| 0.75 | GMG | Graphene Manufacturing | PairCorr |
| 0.75 | CGNT | Copper Giant Resources | PairCorr |
Moving against KPT Stock
| 0.94 | SBIO | Sabio Holdings | PairCorr |
| 0.57 | DFR | Diamond Fields Resources | PairCorr |
| 0.54 | ONAU | OnGold Resources | PairCorr |
| 0.4 | AEMC | Alaska Energy Metals | PairCorr |
| 0.31 | PEX | Pacific Ridge Exploration | PairCorr |
Related Correlations Analysis
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 KPT Stock performing well and KP Tissue 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 KP Tissue'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NFLX | 1.52 | (0.40) | 0.00 | (2.85) | 0.00 | 2.73 | 13.33 | |||
| NVDA | 1.73 | 0.06 | 0.01 | 0.28 | 2.01 | 3.79 | 9.47 | |||
| NVDA | 1.73 | 0.06 | 0.01 | 0.25 | 2.04 | 3.08 | 9.47 | |||
| AAPL | 0.87 | 0.09 | 0.03 | 0.40 | 1.09 | 2.14 | 8.60 | |||
| MSFT | 0.90 | (0.11) | 0.00 | (0.14) | 0.00 | 1.79 | 5.24 | |||
| MSFT | 0.90 | (0.11) | 0.00 | (0.14) | 0.00 | 1.79 | 5.24 | |||
| AAPL | 0.88 | 0.09 | 0.03 | 0.38 | 1.13 | 2.14 | 8.60 | |||
| AMZN | 1.32 | 0.03 | 0.00 | 0.12 | 1.84 | 2.57 | 13.75 | |||
| AMZN | 1.32 | 0.03 | 0.00 | 0.13 | 1.81 | 2.61 | 13.75 | |||
| META | 1.36 | (0.22) | 0.00 | (0.38) | 0.00 | 2.86 | 14.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in KP Tissue 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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KP Tissue Corporate Management
Elected by the shareholders, the KP Tissue's board of directors comprises two types of representatives: KP Tissue inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KPT. The board's role is to monitor KP Tissue's management team and ensure that shareholders' interests are well served. KP Tissue'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, KP Tissue's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Franois Paroyan | SVP Secretary | Profile | |
| Marc Fitzgerald | Corporate LP | Profile | |
| Susan Irving | Chief KPLP | Profile | |
| Michael Keays | Chief Officer | Profile | |
| Nancy Marcus | Chief LP | Profile | |
| Robert Martin | Senior Operations | Profile |