Pollard Banknote Correlations

PBKOF Stock

USD 13.86 0.41 2.87%

The correlation of Pollard Banknote 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.

Pollard Banknote Correlation With Market

Poor diversification

The correlation between Pollard Banknote Limited and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pollard Banknote Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pollard Pink Sheet

0.73	TORO	Toro	Pair Corr
0.62	TSM	Taiwan Semiconductor Sell-off Trend	Pair Corr
0.65	MEEEF	Metal Energy Corp	Pair Corr
0.68	BLAGF	Blue Lagoon Resources	Pair Corr
0.76	TATT	Tat Techno	Pair Corr
0.77	FRFFF	Fairfax Financial	Pair Corr
0.7	UMAC	Unusual Machines Tech Boost	Pair Corr
0.78	GS	Goldman Sachs Group	Pair Corr

Moving against Pollard Pink Sheet

0.62	AFIIQ	Armstrong Flooring	Pair Corr
0.56	PBCRY	Bank Central Asia	Pair Corr
0.53	PBCRF	PT Bank Central	Pair Corr
0.33	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.36	WELL	Welltower	Pair Corr

Related Correlations Analysis

	SKYZF	RANKF	OOBHF	VDEVF	TCISF	EHGRF	FRFTF	KMBIF	GRVWF	AOCIF
SKYZF		0.28	-0.15	-0.14	0.0	-0.11	0.28	0.13	0.0	-0.24	SKYZF
RANKF	0.28		-0.73	-0.66	0.0	-0.6	0.9	0.38	0.0	-0.93	RANKF
OOBHF	-0.15	-0.73		0.91	0.0	0.91	-0.55	-0.07	0.0	0.82	OOBHF
VDEVF	-0.14	-0.66	0.91		0.0	0.97	-0.5	0.01	0.0	0.8	VDEVF
TCISF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	0.0	TCISF
EHGRF	-0.11	-0.6	0.91	0.97	0.0		-0.41	0.07	0.0	0.76	EHGRF
FRFTF	0.28	0.9	-0.55	-0.5	0.0	-0.41		0.46	0.0	-0.85	FRFTF
KMBIF	0.13	0.38	-0.07	0.01	0.0	0.07	0.46		0.0	-0.24	KMBIF
GRVWF	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		0.0	GRVWF
AOCIF	-0.24	-0.93	0.82	0.8	0.0	0.76	-0.85	-0.24	0.0		AOCIF
	SKYZF	RANKF	OOBHF	VDEVF	TCISF	EHGRF	FRFTF	KMBIF	GRVWF	AOCIF

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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

EHGRF	+ 0.97	VDEVF
VDEVF	+ 0.91	OOBHF
EHGRF	+ 0.91	OOBHF
FRFTF	+ 0.9	RANKF
AOCIF	+ 0.82	OOBHF
AOCIF	+ 0.8	VDEVF

High negative correlations

GRVWF	- 1.0	TCISF
AOCIF	- 0.93	RANKF
AOCIF	- 0.85	FRFTF
OOBHF	- 0.73	RANKF
VDEVF	- 0.66	RANKF
EHGRF	- 0.6	RANKF

Risk-Adjusted Indicators

There is a big difference between Pollard Pink Sheet performing well and Pollard Banknote 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 Pollard Banknote'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
SKYZF	0.22	(0.13)	0.00	(1.01)	0.00	0.00	0.00	0.00	7.41
RANKF	1.58	(0.79)	0.00	1.98	0.00	0.00	0.00	0.00	34.31
OOBHF	1.46	0.75	0.00	(4.42)	0.00	0.00	0.00	0.00	49.09
VDEVF	0.22	0.09	0.00	1.32	0.00	0.00	0.00	0.00	7.22
TCISF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EHGRF	3.61	1.70	0.00	4.17	0.00	0.00	0.00	0.00	70.19
FRFTF	0.08	(0.05)	0.00	1.27	0.00	0.00	0.00	0.00	2.71
KMBIF	0.37	0.08	0.00	(10.99)	0.00	0.00	0.00	0.00	16.95
GRVWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AOCIF	1.28	0.49	0.12	1.02	0.99	(3.16)	4.52	(1.33)	9.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pollard Banknote 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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Pollard Banknote Corporate Management

Riva Richard	Executive VP of Legal Affairs, General Counsel and Corporate Secretary	Profile
Robert Young	Ex Operations	Profile
Jennifer Westbury	Ex Devel	Profile
Paul Franzmann	Exec Devel	Profile

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