Pinetree Capital Correlations

Stocks . Canada . 
Stock . Pinetree Capital
PNP Stock  CAD 9.79  0.05  0.51%   
The current 90-days correlation between Pinetree Capital and Dmg Blockchain Solutions is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pinetree Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinetree Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pinetree Capital Correlation With Market

Pay attention - limited upside

The correlation between Pinetree Capital and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinetree Capital and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pinetree Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinetree Capital 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 Pinetree Capital - 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 Pinetree Capital to buy it.

Moving together with Pinetree Stock

  0.8MSFT Microsoft Corp CDRPairCorr
  0.78QCOM QUALCOMM IncorporatedPairCorr
  0.82LV LVMH CDRPairCorr

Moving against Pinetree Stock

  0.92MU Micron TechnologyPairCorr
  0.92HLF High Liner FoodsPairCorr
  0.91ATX ATEX ResourcesPairCorr
  0.88GUG Gungnir ResourcesPairCorr
  0.87CJT CargojetPairCorr
  0.86TOT Total Energy ServicesPairCorr
  0.79NSE New Stratus EnergyPairCorr
  0.78BA BOEING CDRPairCorr
  0.77RUP Rupert ResourcesPairCorr
  0.77FTEC Fintech SelectPairCorr
  0.75PML Panoro MineralsPairCorr
  0.74RTG RTG MiningPairCorr
  0.73TCL-A TranscontinentalPairCorr
  0.72GLD GoldOn ResourcesPairCorr
  0.69ISO IsoEnergy Earnings Call TodayPairCorr
  0.67INTC INTEL CDRPairCorr
  0.67ENB-PFC Enbridge Pref 11PairCorr
  0.67GMG Graphene Manufacturing Earnings Call TodayPairCorr
  0.66URE Ur EnergyPairCorr
  0.6DE Decisive Dividend CorpPairCorr
  0.52NXR-UN Nexus Real EstatePairCorr
  0.9BN-PC BrookfieldPairCorr
  0.89TF Timbercreek FinancialPairCorr
  0.89BPF-UN Boston Pizza RoyaltiesPairCorr
  0.88PESO PesoramaPairCorr
  0.87LNR Linamar Earnings Call This WeekPairCorr
  0.84PGDC Patagonia Gold CorpPairCorr
  0.83IFA iFabric CorpPairCorr
  0.8FFU F4 Uranium CorpPairCorr
  0.78BN-PFI BrookfieldPairCorr
  0.75SLF-PJ Sun Life FinancialPairCorr

Related Correlations Analysis


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

RS
+ 0.92
PIC-A
PIC-A
+ 0.89
LFE
CXI
+ 0.87
XAU
RS
+ 0.81
LFE
CXI
+ 0.64
PIC-A
CXI
+ 0.63
RS
  

High negative correlations

CBIT
- 0.86
PIC-A
CBIT
- 0.82
CXI
CBIT
- 0.81
LFE
CBIT
- 0.8
RS
CBIT
- 0.61
XAU
CXI
- 0.53
DMGI

Risk-Adjusted Indicators

There is a big difference between Pinetree Stock performing well and Pinetree Capital 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 Pinetree Capital'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pinetree Capital 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?

Run Portfolio Analyzer Now

   

Portfolio Analyzer

Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
All  Next Launch Module

Pinetree Capital Corporate Executives

Elected by the shareholders, the Pinetree Capital's board of directors comprises two types of representatives: Pinetree Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pinetree. The board's role is to monitor Pinetree Capital's management team and ensure that shareholders' interests are well served. Pinetree Capital'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, Pinetree Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
John BouffardChief Financial OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY