Delfi Correlations

PEFDF Stock

USD 0.62 0.00 0.00%

The correlation of Delfi 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.

Delfi Correlation With Market

Significant diversification

The correlation between Delfi Limited and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delfi Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Delfi Pink Sheet

0.64	COCXF	Chocoladefabriken Lindt	Pair Corr
0.49	BYCBF	Barry Callebaut AG	Pair Corr
0.36	BRRLY	Barry Callebaut AG	Pair Corr
0.67	TMUSL	T Mobile 6250	Pair Corr
0.65	GEF	Greif Bros	Pair Corr
0.64	HSBC	HSBC Holdings PLC	Pair Corr
0.64	RYOOF	Rio Silver	Pair Corr
0.57	RITM-PA	Rithm Capital Corp	Pair Corr
0.56	MBGYY	Mercedes Benz Group	Pair Corr
0.54	SFST	Southern First Bancshares	Pair Corr
0.51	ZYME	Zymeworks Common Stock	Pair Corr
0.5	TNL	Travel Leisure	Pair Corr
0.47	HBCP	Home Bancorp	Pair Corr
0.46	MAZE	Maze Therapeutics Common	Pair Corr
0.45	MTRT	Metal Arts	Pair Corr
0.44	SWISF	Sekur Private Data	Pair Corr
0.34	INAC	Indigo Acquisition Corp	Pair Corr
0.65	ACEL	Accel Entertainment	Pair Corr
0.61	FHTX	Foghorn Therapeutics	Pair Corr
0.6	BSRR	Sierra Bancorp	Pair Corr
0.6	WIT	Wipro Limited ADR	Pair Corr
0.56	MBGAF	Mercedes Benz Group	Pair Corr
0.56	ANSLY	Ansell Ltd ADR	Pair Corr

Related Correlations Analysis

	ARZTY	OISXF	OCGPF	SLCJF	HLNFF	SGLA	RSGUF	CBYDF	AMNF	UVPOF
ARZTY		0.0	0.0	0.0	0.72	-0.34	0.16	-0.57	-0.42	0.0	ARZTY
OISXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OISXF
OCGPF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OCGPF
SLCJF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SLCJF
HLNFF	0.72	0.0	0.0	0.0		-0.44	0.09	-0.76	-0.46	0.0	HLNFF
SGLA	-0.34	0.0	0.0	0.0	-0.44		0.03	0.29	-0.14	0.0	SGLA
RSGUF	0.16	0.0	0.0	0.0	0.09	0.03		-0.06	-0.47	0.0	RSGUF
CBYDF	-0.57	0.0	0.0	0.0	-0.76	0.29	-0.06		0.42	0.0	CBYDF
AMNF	-0.42	0.0	0.0	0.0	-0.46	-0.14	-0.47	0.42		0.0	AMNF
UVPOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		UVPOF
	ARZTY	OISXF	OCGPF	SLCJF	HLNFF	SGLA	RSGUF	CBYDF	AMNF	UVPOF

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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

HLNFF	+ 0.72	ARZTY
AMNF	+ 0.42	CBYDF
CBYDF	+ 0.29	SGLA
RSGUF	+ 0.16	ARZTY
RSGUF	+ 0.09	HLNFF
RSGUF	+ 0.03	SGLA

High negative correlations

CBYDF	- 0.76	HLNFF
CBYDF	- 0.57	ARZTY
AMNF	- 0.47	RSGUF
AMNF	- 0.46	HLNFF
SGLA	- 0.44	HLNFF
AMNF	- 0.42	ARZTY

Risk-Adjusted Indicators

There is a big difference between Delfi Pink Sheet performing well and Delfi 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 Delfi'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
ARZTY	1.29	(0.39)	0.00	(13.99)	0.00	0.00	0.00	(6.00)	21.52
OISXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OCGPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLCJF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HLNFF	1.34	(0.11)	0.00	(0.47)	0.00	0.00	2.44	(3.23)	16.43
SGLA	6.89	1.44	0.00	1.22	0.00	0.00	22.27	0.00	164.68
RSGUF	0.92	(0.08)	0.00	(0.34)	0.00	0.00	1.60	(2.22)	7.82
CBYDF	0.66	0.08	0.00	(0.37)	1.01	(1.98)	1.71	(1.65)	7.04
AMNF	1.39	0.10	0.02	(31.50)	1.50	(1.64)	4.60	(2.62)	12.64
UVPOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Delfi 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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