Brompton Lifeco Correlations
| LCS Stock | CAD 8.16 0.08 0.99% |
The current 90-days correlation between Brompton Lifeco Split and Brompton Split Banc is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brompton Lifeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Lifeco Split moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Brompton Lifeco Correlation With Market
Very weak diversification
The correlation between Brompton Lifeco Split and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brompton Lifeco Split and DJI in the same portfolio, assuming nothing else is changed.
Brompton |
The ability to find closely correlated positions to Brompton Lifeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Lifeco 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 Brompton Lifeco - 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 Brompton Lifeco Split to buy it.
Moving together with Brompton Stock
| 0.75 | FFH | Fairfax Financial | PairCorr |
| 0.79 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.89 | ATD | Alimentation Couchen Tard | PairCorr |
| 0.85 | CRM | SalesforceCom CDR | PairCorr |
| 0.75 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.68 | TCS | TECSYS Inc | PairCorr |
| 0.66 | GWO | Great West Lifeco | PairCorr |
Moving against Brompton Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Brompton Stock performing well and Brompton Lifeco 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 Brompton Lifeco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LBS | 1.03 | 0.05 | 0.03 | 0.08 | 1.65 | 1.94 | 6.50 | |||
| SBC | 0.78 | (0.02) | 0.00 | (0.07) | 0.00 | 1.50 | 6.10 | |||
| DGS | 0.72 | (0.01) | (0.01) | 0.00 | 1.11 | 1.74 | 7.62 | |||
| DF | 0.89 | 0.01 | 0.00 | 0.03 | 1.16 | 2.16 | 5.71 | |||
| GDV | 0.86 | (0.01) | (0.02) | 0.00 | 1.19 | 1.62 | 7.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Brompton Lifeco 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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Brompton Lifeco Corporate Management
Elected by the shareholders, the Brompton Lifeco's board of directors comprises two types of representatives: Brompton Lifeco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Brompton. The board's role is to monitor Brompton Lifeco's management team and ensure that shareholders' interests are well served. Brompton Lifeco'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, Brompton Lifeco's outside directors are responsible for providing unbiased perspectives on the board's policies.