Life Banc Correlations
| LBS Stock | CAD 9.66 0.01 0.10% |
The current 90-days correlation between Life Banc Split and Dividend Growth Split is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Life Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life Banc Split moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Life Banc Correlation With Market
Weak diversification
The correlation between Life Banc Split and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life Banc Split and DJI in the same portfolio, assuming nothing else is changed.
Life |
The ability to find closely correlated positions to Life Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Banc 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 Life Banc - 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 Life Banc Split to buy it.
Moving together with Life Stock
| 0.77 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.85 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.77 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.8 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.97 | BNS | Bank of Nova Scotia Earnings Call This Week | PairCorr |
| 0.83 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Life Stock
| 0.35 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Life Stock performing well and Life Banc 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 Life Banc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GDV | 0.69 | 0.19 | 0.13 | 0.57 | 0.54 | 1.59 | 6.13 | |||
| DGS | 0.68 | 0.23 | 0.19 | 0.81 | 0.24 | 1.93 | 4.18 | |||
| SBC | 0.65 | 0.20 | 0.10 | 1.42 | 0.66 | 1.39 | 6.10 | |||
| FTN | 0.63 | 0.28 | 0.23 | 0.59 | 0.36 | 1.76 | 4.38 | |||
| ENS | 0.71 | 0.15 | 0.08 | 0.58 | 0.63 | 1.83 | 4.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Life Banc 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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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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Life Banc Corporate Management
Elected by the shareholders, the Life Banc's board of directors comprises two types of representatives: Life Banc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Life. The board's role is to monitor Life Banc's management team and ensure that shareholders' interests are well served. Life Banc'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, Life Banc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Clare | Vice President Portfolio Manager | Profile | |
| CA CFA | VP Controller | Profile | |
| Jason Goletz | Vice Marketing | Profile | |
| BASc CFA | VP | Profile |