Lysander Slater Correlations

PR Etf

CAD 9.69 0.03 0.31%

The current 90-days correlation between Lysander Slater Pref and iShares SPTSX Canadian is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lysander Slater moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lysander Slater Preferred Share moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lysander Slater Correlation With Market

Average diversification

The correlation between Lysander Slater Preferred Shar and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lysander Slater Preferred Shar and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lysander Etf

0.73	ZPR	BMO Laddered Preferred	Pair Corr
0.74	HPR	Global X Active	Pair Corr
0.72	CPD	iShares SPTSX Canadian	Pair Corr
0.72	RPF	RBC Canadian Preferred	Pair Corr
0.73	DXP	Dynamic Active Preferred	Pair Corr

Related Correlations Analysis

	CPD	HPR	ZWU	FINC	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA
CPD		0.81	0.36	-0.13	0.34	-0.15	-0.09	0.14	-0.15	0.7	CPD
HPR	0.81		0.57	0.31	-0.11	0.2	0.06	-0.23	0.35	0.45	HPR
ZWU	0.36	0.57		0.68	-0.05	0.56	0.5	-0.17	0.45	-0.13	ZWU
FINC	-0.13	0.31	0.68		-0.51	0.62	0.57	-0.28	0.73	-0.56	FINC
ZUAG-U	0.34	-0.11	-0.05	-0.51		-0.28	-0.15	0.53	-0.83	0.29	ZUAG-U
XHB	-0.15	0.2	0.56	0.62	-0.28		0.31	-0.5	0.65	-0.31	XHB
EDGF	-0.09	0.06	0.5	0.57	-0.15	0.31		0.01	0.34	-0.48	EDGF
SOLR	0.14	-0.23	-0.17	-0.28	0.53	-0.5	0.01		-0.63	-0.04	SOLR
0P0000OXA6	-0.15	0.35	0.45	0.73	-0.83	0.65	0.34	-0.63		-0.28	0P0000OXA6
ALA-PA	0.7	0.45	-0.13	-0.56	0.29	-0.31	-0.48	-0.04	-0.28		ALA-PA
	CPD	HPR	ZWU	FINC	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA

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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

HPR	+ 0.81	CPD
0P0000OXA6	+ 0.73	FINC
ALA-PA	+ 0.7	CPD
FINC	+ 0.68	ZWU
0P0000OXA6	+ 0.65	XHB
XHB	+ 0.62	FINC

High negative correlations

0P0000OXA6	- 0.83	ZUAG-U
0P0000OXA6	- 0.63	SOLR
ALA-PA	- 0.56	FINC
ZUAG-U	- 0.51	FINC
SOLR	- 0.5	XHB
ALA-PA	- 0.48	EDGF

Lysander Slater Constituents Risk-Adjusted Indicators

There is a big difference between Lysander Etf performing well and Lysander Slater ETF 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 Lysander Slater'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
CPD	0.22	0.01	(0.35)	0.48	0.21	(0.26)	0.49	(0.41)	1.15
HPR	0.26	0.02	(0.22)	0.73	0.24	(0.32)	0.66	(0.45)	1.68
ZWU	0.42	0.07	(0.09)	(2.64)	0.42	(0.48)	0.93	(0.82)	2.71
FINC	0.11	0.01	0.00	0.60	0.00	0.00	0.37	0.00	2.23
ZUAG-U	0.14	(0.03)	0.00	(2.55)	0.00	0.00	0.46	(0.46)	2.35
XHB	0.20	0.01	(0.41)	0.19	0.05	(0.26)	0.51	(0.31)	1.07
EDGF	0.82	0.00	(0.06)	0.09	1.13	(1.21)	2.20	(1.86)	6.42
SOLR	6.36	0.07	0.00	0.04	0.00	0.00	25.00	(20.00)	50.00
0P0000OXA6	0.51	0.13	0.04	1.06	0.45	(0.56)	1.15	(1.18)	4.34
ALA-PA	0.52	0.02	(0.11)	0.29	0.65	(0.62)	1.15	(1.45)	3.73

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