Slate Grocery Correlations
| SGR-UN Stock | CAD 13.99 0.22 1.55% |
The current 90-days correlation between Slate Grocery REIT and True North Commercial is 0.42 (i.e., Very weak diversification). The correlation of Slate Grocery 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.
Slate Grocery Correlation With Market
Modest diversification
The correlation between Slate Grocery REIT and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Slate Grocery REIT and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Slate Grocery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slate Grocery 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 Slate Grocery - 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 Slate Grocery REIT to buy it.
Moving together with Slate Stock
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Risk-Adjusted Indicators
There is a big difference between Slate Stock performing well and Slate Grocery 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 Slate Grocery'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNT-UN | 1.67 | (0.53) | 0.00 | (1.45) | 0.00 | 3.31 | 9.42 | |||
| INO-UN | 2.78 | (0.17) | 0.00 | (2.59) | 0.00 | 7.69 | 32.99 | |||
| NWH-UN | 1.01 | (0.14) | 0.00 | (0.20) | 0.00 | 1.99 | 5.67 | |||
| NXR-UN | 0.85 | (0.19) | 0.00 | (0.39) | 0.00 | 1.89 | 6.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Slate Grocery 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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Slate Grocery Corporate Management
Elected by the shareholders, the Slate Grocery's board of directors comprises two types of representatives: Slate Grocery inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Slate. The board's role is to monitor Slate Grocery's management team and ensure that shareholders' interests are well served. Slate Grocery'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, Slate Grocery's outside directors are responsible for providing unbiased perspectives on the board's policies.
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