Lifeist Wellness Correlations

LFST Stock

0.04 0.01 14.29%

The current 90-days correlation between Lifeist Wellness and Harvest Tech Achievers is -0.23 (i.e., Very good diversification). The correlation of Lifeist Wellness 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lifeist Wellness Correlation With Market

Pay attention - limited upside

The correlation between Lifeist Wellness and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifeist Wellness and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lifeist Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lifeist Wellness 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 Lifeist Wellness - 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 Lifeist Wellness to buy it.

Moving against Lifeist Stock

0.86	FTEC	Fintech Select	Pair Corr
0.86	ASCU	Arizona Sonoran Copper	Pair Corr
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0.84	DML	Denison Mines Corp	Pair Corr
0.84	TF	Timbercreek Financial Earnings Call Next Week	Pair Corr
0.82	TD	Toronto Dominion Bank	Pair Corr
0.82	PD	Precision Drilling	Pair Corr
0.79	BSX	Belo Sun Mining	Pair Corr
0.78	MFC	Manulife Financial Corp	Pair Corr
0.78	AIR	Clean Air Metals	Pair Corr
0.77	ENB-PFC	Enbridge Pref 11	Pair Corr
0.77	SIC	Sokoman Minerals Corp Earnings Call This Week	Pair Corr
0.76	GFP	GreenFirst Forest	Pair Corr
0.75	FNM	First Nordic Metals Split	Pair Corr
0.75	GMG	Graphene Manufacturing	Pair Corr
0.72	DSV	Discovery Silver Corp Earnings Call This Week	Pair Corr
0.72	GGD	GoGold Resources	Pair Corr
0.7	MOLY	Greenland Resources	Pair Corr
0.7	BCE	BCE Inc	Pair Corr
0.68	WMT	Walmart Inc CDR Earnings Call This Week	Pair Corr
0.66	BTO	B2Gold Corp Earnings Call Tomorrow	Pair Corr
0.64	NWH-UN	NorthWest Healthcare Earnings Call This Week	Pair Corr
0.59	TRP	TC Energy Corp	Pair Corr
0.57	CNQ	Canadian Natural Res	Pair Corr
0.44	GBU	Gabriel Resources	Pair Corr
0.31	T	Telus Corp	Pair Corr
0.86	PMZ-UN	Primaris Retail RE	Pair Corr
0.85	USHA	Usha Resources	Pair Corr
0.82	PGDC	Patagonia Gold Corp	Pair Corr
0.81	SMD	Strategic Metals	Pair Corr
0.8	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.8	STUV	Stuve Gold Corp	Pair Corr
0.78	FTT	Finning International	Pair Corr
0.77	CYB	Cymbria	Pair Corr
0.72	RMD	Richmond Minerals	Pair Corr
0.71	NEXG	NeXGold Mining Corp	Pair Corr

Related Correlations Analysis

	XHB	ERE-UN	CLU	RUDB	BN-PFI	XTOT	XEG	SOLI-P	FLSA	HTAE
XHB		0.67	0.79	-0.41	0.55	0.17	0.8	0.52	0.65	-0.17	XHB
ERE-UN	0.67		0.82	-0.55	0.71	0.31	0.46	0.25	0.84	0.33	ERE-UN
CLU	0.79	0.82		-0.72	0.8	0.28	0.72	0.32	0.82	0.24	CLU
RUDB	-0.41	-0.55	-0.72		-0.81	0.16	-0.52	-0.15	-0.4	-0.33	RUDB
BN-PFI	0.55	0.71	0.8	-0.81		0.06	0.48	0.37	0.57	0.34	BN-PFI
XTOT	0.17	0.31	0.28	0.16	0.06		-0.09	0.14	0.62	0.51	XTOT
XEG	0.8	0.46	0.72	-0.52	0.48	-0.09		0.42	0.43	-0.2	XEG
SOLI-P	0.52	0.25	0.32	-0.15	0.37	0.14	0.42		0.21	0.0	SOLI-P
FLSA	0.65	0.84	0.82	-0.4	0.57	0.62	0.43	0.21		0.39	FLSA
HTAE	-0.17	0.33	0.24	-0.33	0.34	0.51	-0.2	0.0	0.39		HTAE
	XHB	ERE-UN	CLU	RUDB	BN-PFI	XTOT	XEG	SOLI-P	FLSA	HTAE

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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

FLSA	+ 0.84	ERE-UN
CLU	+ 0.82	ERE-UN
FLSA	+ 0.82	CLU
XEG	+ 0.8	XHB
BN-PFI	+ 0.8	CLU
CLU	+ 0.79	XHB

High negative correlations

BN-PFI	- 0.81	RUDB
RUDB	- 0.72	CLU
RUDB	- 0.55	ERE-UN
XEG	- 0.52	RUDB
RUDB	- 0.41	XHB
FLSA	- 0.4	RUDB

Risk-Adjusted Indicators

There is a big difference between Lifeist Stock performing well and Lifeist Wellness 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 Lifeist Wellness' 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
XHB	0.13	0.00	(0.25)	0.10	0.13	(0.14)	0.25	(0.30)	0.80
ERE-UN	0.71	0.06	0.00	1.39	0.73	(1.19)	1.80	(1.72)	4.37
CLU	0.51	0.08	0.05	0.27	0.44	(0.59)	1.24	(1.15)	3.00
RUDB	0.27	(0.03)	0.00	0.59	0.00	0.00	0.50	(0.72)	1.56
BN-PFI	0.23	0.00	(0.13)	(2.82)	0.31	(0.28)	0.59	(0.60)	1.58
XTOT	0.64	(0.08)	0.00	(0.07)	0.00	0.00	1.25	(1.33)	5.08
XEG	1.12	0.27	0.15	11.79	1.13	(1.20)	2.53	(1.52)	5.88
SOLI-P	1.26	(0.27)	0.00	(0.21)	0.00	0.00	0.00	0.00	41.67
FLSA	0.52	0.02	(0.02)	0.10	0.64	(0.54)	1.01	(1.18)	2.81
HTAE	1.23	(0.09)	0.00	(0.05)	0.00	0.00	1.99	(2.69)	5.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lifeist Wellness 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.

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Lifeist Wellness Corporate Management

Elected by the shareholders, the Lifeist Wellness' board of directors comprises two types of representatives: Lifeist Wellness inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lifeist. The board's role is to monitor Lifeist Wellness' management team and ensure that shareholders' interests are well served. Lifeist Wellness' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lifeist Wellness' outside directors are responsible for providing unbiased perspectives on the board's policies.

Chelsea Palmer	Ex Assistant	Profile
Paul Neider	Advisory Consultant	Profile
Tim Henley	Advisory Consultant	Profile
Faraaz Jamal	Chief Officer	Profile
Joshua Hone	Chief Officer	Profile

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