Mattr Corp Correlations

MATR Stock

8.14 0.21 2.51%

The current 90-days correlation between Mattr Corp and North American Construction is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mattr Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mattr Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mattr Corp Correlation With Market

Good diversification

The correlation between Mattr Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mattr Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mattr Stock

0.85	SAGE	Sage Potash Corp	Pair Corr
0.69	GSTM	Goldstorm Metals Corp	Pair Corr
0.89	T	Telus Corp	Pair Corr

Moving against Mattr Stock

0.84	TRP	TC Energy Corp	Pair Corr
0.79	ENB-PFV	Enbridge Pref 5	Pair Corr
0.79	MFC	Manulife Financial Corp	Pair Corr
0.75	BNS	Bank of Nova Scotia	Pair Corr
0.72	CM	Canadian Imperial Bank	Pair Corr
0.6	TD	Toronto Dominion Bank	Pair Corr
0.59	ENB-PFC	Enbridge Pref 11	Pair Corr
0.57	ENS	E Split Corp	Pair Corr
0.49	ATH	Athabasca Oil Corp	Pair Corr
0.32	ENB-PFU	Enbridge Pref L	Pair Corr
0.62	BYN	Banyan Gold Corp Earnings Call Tomorrow	Pair Corr
0.57	MTL	Mullen Group	Pair Corr
0.57	TD-PFI	Toronto Dominion Bank	Pair Corr
0.45	MGG	Minaurum Gold	Pair Corr
0.43	MMG	Metallic Minerals Corp	Pair Corr
0.32	PPTA	Perpetua Resources Corp	Pair Corr
0.66	LNR	Linamar	Pair Corr
0.61	AZS	Arizona Gold Silver	Pair Corr
0.51	JUGR	Juggernaut Exploration Earnings Call This Week	Pair Corr
0.44	SOI	Sirios Resources	Pair Corr
0.39	GSPR	GSP Resource Corp Earnings Call This Week	Pair Corr
0.39	TSLV	Tier One Silver	Pair Corr

Related Correlations Analysis

	NOA	SGY	TOT	SNM	VLE	TAL	TNZ	LGN	PSI	OBE
NOA		-0.37	0.12	-0.26	0.01	0.35	0.68	-0.59	0.06	0.24	NOA
SGY	-0.37		0.01	0.35	0.18	-0.42	-0.28	0.5	0.28	0.59	SGY
TOT	0.12	0.01		-0.08	0.82	-0.53	0.39	0.3	0.62	0.32	TOT
SNM	-0.26	0.35	-0.08		-0.13	-0.02	0.02	0.28	0.21	0.27	SNM
VLE	0.01	0.18	0.82	-0.13		-0.81	0.25	0.19	0.41	0.34	VLE
TAL	0.35	-0.42	-0.53	-0.02	-0.81		0.14	-0.24	-0.2	-0.24	TAL
TNZ	0.68	-0.28	0.39	0.02	0.25	0.14		-0.3	0.24	0.48	TNZ
LGN	-0.59	0.5	0.3	0.28	0.19	-0.24	-0.3		0.47	0.16	LGN
PSI	0.06	0.28	0.62	0.21	0.41	-0.2	0.24	0.47		0.38	PSI
OBE	0.24	0.59	0.32	0.27	0.34	-0.24	0.48	0.16	0.38		OBE
	NOA	SGY	TOT	SNM	VLE	TAL	TNZ	LGN	PSI	OBE

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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

VLE	+ 0.82	TOT
TNZ	+ 0.68	NOA
PSI	+ 0.62	TOT
OBE	+ 0.59	SGY
LGN	+ 0.5	SGY
OBE	+ 0.48	TNZ

High negative correlations

TAL	- 0.81	VLE
LGN	- 0.59	NOA
TAL	- 0.53	TOT
TAL	- 0.42	SGY
SGY	- 0.37	NOA
LGN	- 0.3	TNZ

Risk-Adjusted Indicators

There is a big difference between Mattr Stock performing well and Mattr Corp 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 Mattr Corp'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
NOA	1.76	0.13	0.03	4.85	2.58	(1.75)	3.90	(3.92)	11.39
SGY	1.55	0.11	0.00	(0.10)	1.92	(1.62)	3.52	(3.23)	9.35
TOT	1.34	0.34	0.11	(0.59)	1.84	(1.52)	2.80	(1.85)	13.39
SNM	2.97	0.15	0.01	(0.46)	3.02	(5.31)	8.00	(4.17)	21.04
VLE	2.06	0.48	0.16	(0.52)	1.92	(2.31)	5.06	(3.28)	13.92
TAL	2.94	(0.64)	0.00	4.29	0.00	0.00	4.84	(4.76)	37.67
TNZ	2.26	0.54	0.19	(0.63)	1.91	(2.82)	5.24	(3.43)	15.78
LGN	1.42	0.05	(0.01)	(0.55)	1.45	(2.19)	3.75	(2.47)	8.51
PSI	1.00	0.10	0.02	(1.93)	1.30	(1.05)	2.31	(2.64)	7.21
OBE	1.80	0.18	0.03	(0.27)	2.22	(1.96)	3.76	(4.06)	11.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mattr Corp 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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Mattr Corp Corporate Management

Elected by the shareholders, the Mattr Corp's board of directors comprises two types of representatives: Mattr Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mattr. The board's role is to monitor Mattr Corp's management team and ensure that shareholders' interests are well served. Mattr Corp'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, Mattr Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

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