Powerof Canada Correlations

PWCDF Stock

USD 46.74 1.18 2.46%

The current 90-days correlation between Powerof Canada and Dai ichi Life Holdings is -0.02 (i.e., Good 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

Modest diversification

The correlation between Power of and DJI is 0.25 (i.e., Modest 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.

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 together with Powerof Pink Sheet

0.64

AXP

American Express

Pair Corr

Moving against Powerof Pink Sheet

0.7	SGIOF	Shionogi	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.55	VZ	Verizon Communications Aggressive Push	Pair Corr
0.34	CVX	Chevron Corp	Pair Corr
0.33	MMM	3M Company	Pair Corr
0.31	OPHLF	Ono Pharmaceutical	Pair Corr
0.31	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DCNSF	GWLIF	SWSDF	SZLMY	PUKPF	MNUFF	NWWCF	SAXPF	TLLXY	BLMIF
DCNSF		0.08	-0.16	0.13	-0.18	0.45	0.49	0.06	0.67	0.71	DCNSF
GWLIF	0.08		0.62	0.53	-0.6	0.7	0.59	0.72	-0.13	0.49	GWLIF
SWSDF	-0.16	0.62		0.77	-0.25	0.36	0.18	0.38	-0.44	-0.03	SWSDF
SZLMY	0.13	0.53	0.77		-0.13	0.49	0.36	0.27	-0.07	0.2	SZLMY
PUKPF	-0.18	-0.6	-0.25	-0.13		-0.47	-0.38	-0.61	0.02	-0.4	PUKPF
MNUFF	0.45	0.7	0.36	0.49	-0.47		0.83	0.66	0.36	0.78	MNUFF
NWWCF	0.49	0.59	0.18	0.36	-0.38	0.83		0.49	0.49	0.82	NWWCF
SAXPF	0.06	0.72	0.38	0.27	-0.61	0.66	0.49		-0.09	0.4	SAXPF
TLLXY	0.67	-0.13	-0.44	-0.07	0.02	0.36	0.49	-0.09		0.62	TLLXY
BLMIF	0.71	0.49	-0.03	0.2	-0.4	0.78	0.82	0.4	0.62		BLMIF
	DCNSF	GWLIF	SWSDF	SZLMY	PUKPF	MNUFF	NWWCF	SAXPF	TLLXY	BLMIF

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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

NWWCF	+ 0.83	MNUFF
BLMIF	+ 0.82	NWWCF
BLMIF	+ 0.78	MNUFF
SZLMY	+ 0.77	SWSDF
SAXPF	+ 0.72	GWLIF
BLMIF	+ 0.71	DCNSF

High negative correlations

SAXPF	- 0.61	PUKPF
PUKPF	- 0.6	GWLIF
MNUFF	- 0.47	PUKPF
TLLXY	- 0.44	SWSDF
BLMIF	- 0.4	PUKPF
NWWCF	- 0.38	PUKPF

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	0.84	0.40	0.00	(5.06)	0.00	0.00	0.00	0.00	15.54
GWLIF	0.99	0.05	(0.02)	0.51	1.67	(1.09)	1.97	(1.89)	11.89
SWSDF	0.46	0.01	0.00	0.05	0.00	0.00	1.10	(2.84)	10.77
SZLMY	1.22	0.08	(0.02)	(0.19)	1.51	(1.21)	2.62	(2.50)	7.66
PUKPF	0.88	0.25	0.00	3.19	0.00	0.00	0.00	0.00	6.76
MNUFF	0.53	0.28	0.00	(1.09)	0.00	0.00	0.00	0.00	11.93
NWWCF	3.86	0.77	0.10	(0.98)	3.85	(6.49)	10.15	(8.96)	28.85
SAXPF	0.26	0.04	0.00	0.42	0.00	0.00	0.00	0.00	10.27
TLLXY	0.22	0.07	0.00	(0.29)	0.00	0.00	0.00	0.00	7.58
BLMIF	0.88	0.37	0.00	(1.53)	0.00	0.00	3.03	(0.17)	13.71

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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.

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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

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