Solution Financial Correlations
| SFI Stock | 0.28 0.00 0.00% |
The current 90-days correlation between Solution Financial and Nicola Mining is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Solution Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solution Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Solution Financial Correlation With Market
Good diversification
The correlation between Solution Financial and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solution Financial and DJI in the same portfolio, assuming nothing else is changed.
Solution |
The ability to find closely correlated positions to Solution Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solution Financial 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 Solution Financial - 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 Solution Financial to buy it.
Moving together with Solution Stock
| 0.78 | MFC | Manulife Financial Corp | PairCorr |
| 0.74 | TD | Toronto Dominion Bank | PairCorr |
| 0.62 | ATH | Athabasca Oil Corp | PairCorr |
| 0.8 | BNS | Bank of Nova Scotia | PairCorr |
| 0.74 | CM | Canadian Imperial Bank | PairCorr |
| 0.69 | FTU-PB | US Financial 15 | PairCorr |
| 0.73 | PD | Precision Drilling | PairCorr |
| 0.69 | AX-UN | Artis Real Estate | PairCorr |
| 0.66 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.72 | NPTH | NeuPath Health | PairCorr |
| 0.64 | WPK | Winpak | PairCorr |
| 0.62 | GRID | Tantalus Systems Holding | PairCorr |
| 0.71 | FFN | North American Financial | PairCorr |
| 0.78 | AVR | Avaron Mining Corp | PairCorr |
| 0.67 | BNE | Bonterra Energy Corp | PairCorr |
Moving against Solution Stock
| 0.86 | T | Telus Corp | PairCorr |
| 0.44 | AEMC | Alaska Energy Metals | PairCorr |
| 0.4 | BTO | B2Gold Corp | PairCorr |
| 0.34 | PEX | Pacific Ridge Exploration | PairCorr |
Related Correlations Analysis
| 0.62 | 0.15 | 0.16 | 0.69 | 0.49 | 0.36 | NIM | ||
| 0.62 | -0.14 | 0.52 | 0.64 | 0.42 | 0.73 | NEXG | ||
| 0.15 | -0.14 | -0.38 | 0.02 | -0.01 | -0.25 | GRL | ||
| 0.16 | 0.52 | -0.38 | 0.44 | 0.35 | 0.73 | OM | ||
| 0.69 | 0.64 | 0.02 | 0.44 | 0.64 | 0.65 | MKO | ||
| 0.49 | 0.42 | -0.01 | 0.35 | 0.64 | 0.35 | NICU | ||
| 0.36 | 0.73 | -0.25 | 0.73 | 0.65 | 0.35 | CS | ||
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
|
Risk-Adjusted Indicators
There is a big difference between Solution Stock performing well and Solution Financial 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 Solution Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NIM | 2.91 | (0.13) | 0.00 | (0.07) | 0.00 | 6.80 | 28.32 | |||
| NEXG | 2.68 | 0.02 | 0.01 | 0.07 | 3.45 | 4.97 | 19.88 | |||
| GRL | 3.07 | (0.04) | 0.00 | 0.26 | 0.00 | 5.71 | 17.69 | |||
| OM | 3.31 | 0.89 | 0.19 | (3.35) | 3.10 | 8.00 | 20.00 | |||
| MKO | 2.03 | 0.14 | 0.05 | 0.18 | 2.71 | 3.63 | 18.61 | |||
| NICU | 3.16 | 0.19 | 0.04 | 0.27 | 3.87 | 6.83 | 20.85 | |||
| CS | 2.59 | 0.32 | 0.09 | 0.36 | 3.26 | 6.01 | 20.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Solution Financial 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 Money Flow Index Now
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
Solution Financial Corporate Management
Elected by the shareholders, the Solution Financial's board of directors comprises two types of representatives: Solution Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solution. The board's role is to monitor Solution Financial's management team and ensure that shareholders' interests are well served. Solution Financial'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, Solution Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hodgins CA | Corp CFO | Profile | |
| Cary Lau | Director Marketing | Profile | |
| Johnny Lau | Financial Controller | Profile | |
| Winnie Louie | HR Manager | Profile | |
| Michael Chan | Director Sales | Profile | |
| Vincent Lau | VP Director | Profile |