Select Harvests Correlations

SHVTF Stock

USD 2.85 0.00 0.00%

The current 90-days correlation between Select Harvests and Ridley Limited is 0.02 (i.e., Significant diversification). The correlation of Select Harvests 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.

Select Harvests Correlation With Market

Pay attention - limited upside

The correlation between Select Harvests and DJI is -0.82 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Harvests and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Select Pink Sheet

0.93	GLABF	Gemina Laboratories	Pair Corr
0.88	ZTLLF	Zonetail	Pair Corr
0.7	BROGF	BROGF	Pair Corr

Moving against Select Pink Sheet

0.94	BNKHF	BOC Hong Kong	Pair Corr
0.89	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.85	K	Kellanova	Pair Corr
0.8	JUPGF	Jupiter Gold	Pair Corr
0.77	OBYCF	Obayashi Earnings Call Today	Pair Corr
0.75	ENS	Enersys Earnings Call This Week	Pair Corr
0.71	CIADF	China Mengniu Dairy	Pair Corr
0.69	YLLXF	Yellow Cake plc	Pair Corr
0.62	SECVY	Seche Environnement	Pair Corr
0.61	FCAP	First Capital	Pair Corr
0.6	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.57	CIADY	China Mengniu Dairy	Pair Corr
0.54	NFG	National Fuel Gas	Pair Corr
0.48	RILYL	B Riley Financial	Pair Corr
0.46	GGLDF	Getchell Gold Corp	Pair Corr

Related Correlations Analysis

	ZNZNF	AUDYF	RIDYF	RCLFF	GKSDF	ARZTY	GWLL	OCGPF	GRGSF	HLNFF
ZNZNF		0.0	0.08	0.0	0.0	0.04	0.12	0.0	0.08	-0.27	ZNZNF
AUDYF	0.0		0.0	-1.0	-1.0	0.0	0.0	0.0	0.0	0.0	AUDYF
RIDYF	0.08	0.0		0.0	0.0	0.58	-0.5	0.0	1.0	0.67	RIDYF
RCLFF	0.0	-1.0	0.0		1.0	0.0	0.0	0.0	0.0	0.0	RCLFF
GKSDF	0.0	-1.0	0.0	1.0		0.0	0.0	0.0	0.0	0.0	GKSDF
ARZTY	0.04	0.0	0.58	0.0	0.0		-0.68	0.0	0.58	0.58	ARZTY
GWLL	0.12	0.0	-0.5	0.0	0.0	-0.68		0.0	-0.5	-0.22	GWLL
OCGPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OCGPF
GRGSF	0.08	0.0	1.0	0.0	0.0	0.58	-0.5	0.0		0.67	GRGSF
HLNFF	-0.27	0.0	0.67	0.0	0.0	0.58	-0.22	0.0	0.67		HLNFF
	ZNZNF	AUDYF	RIDYF	RCLFF	GKSDF	ARZTY	GWLL	OCGPF	GRGSF	HLNFF

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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

GRGSF	+ 1.0	RIDYF
GKSDF	+ 1.0	RCLFF
HLNFF	+ 0.67	RIDYF
HLNFF	+ 0.67	GRGSF
ARZTY	+ 0.58	RIDYF
GRGSF	+ 0.58	ARZTY

High negative correlations

GKSDF	- 1.0	AUDYF
RCLFF	- 1.0	AUDYF
GWLL	- 0.68	ARZTY
GRGSF	- 0.5	GWLL
GWLL	- 0.5	RIDYF
HLNFF	- 0.27	ZNZNF

Risk-Adjusted Indicators

There is a big difference between Select Pink Sheet performing well and Select Harvests 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 Select Harvests' 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
ZNZNF	2.77	0.24	0.04	0.77	3.12	(4.43)	6.14	(7.24)	29.89
AUDYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RIDYF	0.69	0.37	0.00	(1.03)	0.00	0.00	0.00	0.00	23.08
RCLFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GKSDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARZTY	0.65	0.26	0.00	(1.27)	0.00	0.00	0.49	0.00	11.38
GWLL	4.37	(1.65)	0.00	1.73	0.00	0.00	0.00	(13.79)	74.89
OCGPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRGSF	0.45	0.23	0.00	(1.02)	0.00	0.00	0.00	0.00	15.00
HLNFF	1.26	(0.03)	0.00	(0.53)	0.00	0.00	2.69	(3.23)	15.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Select Harvests 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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Select Harvests Corporate Management

Rob Anstey	Financial Division	Profile
CPA BBus	CFO Sec	Profile
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Paul MAICD	CEO MD	Profile

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