Roots Corp Correlations

ROOT Stock

CAD 3.00 0.05 1.64%

The current 90-days correlation between Roots Corp and Reitmans Limited is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Roots Corp Correlation With Market

Excellent diversification

The correlation between Roots Corp and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roots Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Roots Stock

0.72	CWEB	Charlottes Web Holdings	Pair Corr
0.72	GENM	Generation Mining	Pair Corr
0.71	CU-PH	Canadian Utilities Earnings Call This Week	Pair Corr
0.64	QNC	Quantum eMotion Corp	Pair Corr
0.63	MG	Magna International	Pair Corr
0.61	YES	CHAR Technologies	Pair Corr
0.58	TMG	Thermal Energy Inter	Pair Corr
0.57	CU	Canadian Utilities Earnings Call This Week	Pair Corr
0.56	AGI	Alamos Gold	Pair Corr
0.45	PGDC	Patagonia Gold Corp	Pair Corr
0.43	PSLV	Sprott Physical Silver	Pair Corr
0.42	LOVE	Cannara Biotech	Pair Corr
0.42	FTT	Finning International	Pair Corr
0.4	SBI	Serabi Gold PLC	Pair Corr
0.39	MS	Morgan Stanley CDR	Pair Corr
0.37	AIM	Aimia Inc	Pair Corr
0.33	NICU	Magna Mining	Pair Corr
0.33	BKI	Black Iron Earnings Call This Week	Pair Corr
0.78	VCI	Vitreous Glass	Pair Corr
0.75	BPF-UN	Boston Pizza Royalties	Pair Corr
0.74	BGI-UN	Brookfield Global	Pair Corr
0.7	PYR	PyroGenesis Canada	Pair Corr
0.67	PDV	Prime Dividend Corp	Pair Corr
0.63	ACQ	Autocanada	Pair Corr
0.61	WAST	Waste Management CDR	Pair Corr
0.58	PWF-PA	Power Financial Corp	Pair Corr
0.53	EXE	Extendicare Earnings Call This Week	Pair Corr
0.53	MKO	Mako Mining Corp	Pair Corr
0.5	COLA	Coca Cola	Pair Corr
0.49	MGG	Minaurum Silver	Pair Corr
0.46	RKR	ROKMASTER Resources Corp	Pair Corr
0.45	TVE	Tamarack Valley Energy Earnings Call This Week	Pair Corr
0.44	BCE	BCE Inc	Pair Corr

Related Correlations Analysis

	RET-A	RET	TRZ	SXP	DII-B	WPRT	FOOD	UNI	MENE	ECOM
RET-A		0.31	0.54	0.05	0.01	0.08	0.13	0.14	-0.22	0.29	RET-A
RET	0.31		0.45	0.41	0.27	0.44	0.2	0.4	0.04	0.31	RET
TRZ	0.54	0.45		0.53	0.32	0.54	0.61	0.66	-0.16	0.7	TRZ
SXP	0.05	0.41	0.53		0.73	0.88	0.35	0.6	0.08	0.22	SXP
DII-B	0.01	0.27	0.32	0.73		0.76	0.15	0.48	0.38	0.01	DII-B
WPRT	0.08	0.44	0.54	0.88	0.76		0.36	0.57	0.09	0.24	WPRT
FOOD	0.13	0.2	0.61	0.35	0.15	0.36		0.68	-0.26	0.8	FOOD
UNI	0.14	0.4	0.66	0.6	0.48	0.57	0.68		0.17	0.67	UNI
MENE	-0.22	0.04	-0.16	0.08	0.38	0.09	-0.26	0.17		-0.23	MENE
ECOM	0.29	0.31	0.7	0.22	0.01	0.24	0.8	0.67	-0.23		ECOM
	RET-A	RET	TRZ	SXP	DII-B	WPRT	FOOD	UNI	MENE	ECOM

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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

WPRT	+ 0.88	SXP
ECOM	+ 0.8	FOOD
WPRT	+ 0.76	DII-B
DII-B	+ 0.73	SXP
ECOM	+ 0.7	TRZ
UNI	+ 0.68	FOOD

High negative correlations

MENE	- 0.26	FOOD
ECOM	- 0.23	MENE
MENE	- 0.22	RET-A
MENE	- 0.16	TRZ

Risk-Adjusted Indicators

There is a big difference between Roots Stock performing well and Roots Corp 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 Roots Corp'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
RET-A	1.95	0.00	(0.01)	0.09	2.63	(2.39)	4.65	(4.31)	17.88
RET	2.67	0.27	0.06	0.72	2.94	(4.30)	6.25	(6.28)	19.34
TRZ	2.15	0.28	0.08	(163.31)	2.82	(2.58)	4.76	(3.94)	31.14
SXP	1.11	0.07	0.03	0.15	1.27	(1.40)	2.56	(2.35)	10.54
DII-B	3.59	0.05	0.01	0.23	3.97	(4.30)	10.60	(6.86)	25.01
WPRT	3.24	0.21	0.07	0.18	3.03	(4.55)	7.79	(5.93)	23.27
FOOD	3.14	0.12	0.02	0.15	3.61	(5.61)	7.69	(8.00)	26.67
UNI	1.60	0.64	0.17	3.26	1.46	(2.77)	4.94	(2.29)	16.13
MENE	5.17	0.26	0.03	0.15	5.83	(11.72)	13.33	(14.29)	52.69
ECOM	4.53	0.39	0.04	0.35	4.89	(11.95)	10.00	(9.09)	51.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Roots Corp 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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Roots Corp Corporate Management

Elected by the shareholders, the Roots Corp's board of directors comprises two types of representatives: Roots Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Roots. The board's role is to monitor Roots Corp's management team and ensure that shareholders' interests are well served. Roots Corp'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, Roots Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

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Leon Wu	Chief Officer	Profile

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