Loblaw Companies Correlations
| L-PB Preferred Stock | CAD 24.90 0.10 0.40% |
The current 90-days correlation between Loblaw Companies and George Weston Prf is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Loblaw Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loblaw Companies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Loblaw Companies Correlation With Market
Average diversification
The correlation between Loblaw Companies and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loblaw Companies and DJI in the same portfolio, assuming nothing else is changed.
Loblaw |
The ability to find closely correlated positions to Loblaw Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loblaw Companies 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 Loblaw Companies - 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 Loblaw Companies to buy it.
Moving together with Loblaw Preferred Stock
| 0.69 | AZS | Arizona Gold Silver Earnings Call This Week | PairCorr |
Moving against Loblaw Preferred Stock
| 0.49 | NUMI | Numinus Wellness | PairCorr |
| 0.46 | INTC | INTEL CDR Earnings Call Today | PairCorr |
| 0.4 | ABXX | Abaxx Technologies | PairCorr |
| 0.33 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.32 | NKE | NIKE Inc CDR | PairCorr |
Related Correlations Analysis
| 0.56 | 0.59 | 0.54 | 0.46 | WN-PA | ||
| 0.56 | 0.96 | 0.87 | 0.78 | WN-PC | ||
| 0.59 | 0.96 | 0.86 | 0.76 | WN-PD | ||
| 0.54 | 0.87 | 0.86 | 0.77 | WN-PE | ||
| 0.46 | 0.78 | 0.76 | 0.77 | FTS-PJ | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Loblaw Preferred Stock performing well and Loblaw Companies 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 Loblaw Companies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WN-PA | 0.36 | (0.02) | 0.00 | 5.52 | 0.00 | 0.62 | 3.10 | |||
| WN-PC | 0.41 | 0.01 | (0.04) | (0.03) | 0.51 | 1.28 | 2.95 | |||
| WN-PD | 0.38 | 0.02 | (0.02) | (0.22) | 0.43 | 1.03 | 3.17 | |||
| WN-PE | 0.57 | 0.04 | 0.02 | 1.44 | 0.54 | 1.28 | 4.30 | |||
| FTS-PJ | 0.63 | 0.02 | 0.00 | 1.30 | 0.76 | 1.05 | 3.24 |
Loblaw Companies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Loblaw Companies preferred stock to make a market-neutral strategy. Peer analysis of Loblaw Companies could also be used in its relative valuation, which is a method of valuing Loblaw Companies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Loblaw Companies Corporate Management
Elected by the shareholders, the Loblaw Companies' board of directors comprises two types of representatives: Loblaw Companies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Loblaw. The board's role is to monitor Loblaw Companies' management team and ensure that shareholders' interests are well served. Loblaw Companies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Loblaw Companies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Richard Dufresne | CFO Board | Profile | |
| Robert Sawyer | COO Board | Profile | |
| Robert Wiebe | Chief Board | Profile | |
| Jeffery Leger | Member Mart | Profile | |
| Mike Rinaldi | Senior Board | Profile | |
| Mark Wilson | Chief VP | Profile |