Powerof Canada Correlations
| PWCDF Stock | USD 49.34 0.25 0.50% |
The current 90-days correlation between Powerof Canada and Dai ichi Life Holdings is 0.11 (i.e., Average diversification). The correlation of Powerof Canada 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.
Powerof Canada Correlation With Market
Very good diversification
The correlation between Power of and DJI is -0.41 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power of and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Powerof Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Powerof Canada 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 Powerof Canada - 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 Power of to buy it.
Moving against Powerof Pink Sheet
| 0.81 | SHG | Shinhan Financial | PairCorr |
| 0.79 | TG | Tredegar | PairCorr |
| 0.78 | KB | KB Financial Group | PairCorr |
| 0.77 | WF | Woori Financial Group | PairCorr |
| 0.77 | VHI | Valhi Inc Earnings Call Today | PairCorr |
| 0.72 | GEL | Genesis Energy LP | PairCorr |
| 0.71 | BKCYF | Bank Of Cyprus Holdings P | PairCorr |
| 0.66 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.66 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.65 | RHHVF | Roche Holding AG | PairCorr |
| 0.64 | VALE | Vale SA ADR | PairCorr |
| 0.62 | SBKO | Summit Bank Group | PairCorr |
| 0.6 | CMI | Cummins | PairCorr |
| 0.6 | BCO | Brinks Company | PairCorr |
| 0.57 | INGR | Ingredion Incorporated | PairCorr |
| 0.57 | CGON | CG Oncology Common | PairCorr |
| 0.56 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.43 | ESCA | Escalade Incorporated | PairCorr |
| 0.4 | BKRKY | Bank Rakyat | PairCorr |
| 0.37 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.32 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.31 | GL-PD | Globe Life 425 | PairCorr |
| 0.83 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.8 | CRNZF | Cairn Energy PLC | PairCorr |
| 0.79 | GRBK | Green Brick Partners | PairCorr |
| 0.79 | ALFVF | Alfa Laval AB | PairCorr |
| 0.73 | ABCB | Ameris Bancorp | PairCorr |
| 0.72 | BNL | Broadstone Net Lease | PairCorr |
| 0.72 | TDY | Teledyne Technologies | PairCorr |
| 0.72 | TRP | TC Energy Corp | PairCorr |
| 0.71 | VOD | Vodafone Group PLC | PairCorr |
| 0.69 | OTSKY | Otsuka Holdings | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Powerof Pink Sheet performing well and Powerof Canada 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 Powerof Canada'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DCNSF | 1.15 | 0.57 | 0.00 | (1.53) | 0.00 | 0.00 | 21.50 | |||
| GWLIF | 1.12 | 0.04 | 0.00 | (0.19) | 2.03 | 1.52 | 11.86 | |||
| SWSDF | 0.48 | 0.01 | 0.00 | 0.00 | 0.00 | 1.10 | 10.77 | |||
| SZLMY | 1.25 | (0.02) | (0.02) | (0.01) | 1.87 | 2.62 | 9.19 | |||
| PUKPF | 0.87 | 0.47 | 0.00 | (0.39) | 0.00 | 0.00 | 29.32 | |||
| MNUFF | 0.58 | 0.27 | 0.00 | (0.66) | 0.00 | 1.30 | 13.22 | |||
| NWWCF | 3.91 | 0.29 | 0.05 | 0.65 | 4.21 | 10.07 | 28.85 | |||
| SAXPF | 0.40 | (0.17) | 0.00 | (0.84) | 0.00 | 0.00 | 6.82 | |||
| TLLXY | 0.24 | (0.01) | 0.00 | 0.13 | 0.00 | 0.00 | 7.85 | |||
| BLMIF | 0.88 | 0.21 | 0.04 | (1.04) | 1.11 | 3.03 | 8.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Powerof Canada 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?
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Powerof Canada Corporate Management
| Gregory FCA | Ex CFO | Profile | |
| Paul III | VicePres | Profile | |
| FCA FCA | Vice Chairman | Profile | |
| Robert Orr | CEO Pres | Profile | |
| Stphane Lemay | Gen VP | Profile | |
| ASC CFA | VicePres Admin | Profile |