SunOpta Correlations
| SOY Stock | CAD 6.58 0.16 2.49% |
The current 90-days correlation between SunOpta and D2L Inc is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SunOpta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SunOpta moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
SunOpta Correlation With Market
Average diversification
The correlation between SunOpta and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SunOpta and DJI in the same portfolio, assuming nothing else is changed.
SunOpta |
The ability to find closely correlated positions to SunOpta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SunOpta 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 SunOpta - 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 SunOpta to buy it.
Moving together with SunOpta Stock
Moving against SunOpta Stock
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| 0.76 | IPCO | International Petroleum | PairCorr |
| 0.75 | CSW-A | Corby Spirit | PairCorr |
| 0.71 | SFI | Solution Financial | PairCorr |
| 0.56 | MERG | Metal Energy Corp | PairCorr |
| 0.55 | ARIS | Aris Mining | PairCorr |
| 0.52 | GCG-A | Guardian Capital | PairCorr |
| 0.51 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.48 | ROCK | Rockridge Resources | PairCorr |
| 0.47 | WPK | Winpak | PairCorr |
| 0.38 | PX | Pelangio Exploration | PairCorr |
| 0.37 | LULU | LULULEMON CDR | PairCorr |
| 0.69 | CCL-B | CCL Industries | PairCorr |
| 0.66 | TTE | TotalEnergies CDR | PairCorr |
| 0.6 | ENS | E Split Corp | PairCorr |
| 0.59 | FISH | Sailfish Royalty Corp | PairCorr |
| 0.5 | TNR | TNR Gold Corp | PairCorr |
| 0.47 | CBLT | CBLT Inc | PairCorr |
| 0.44 | SNAG | Silver North Resources Earnings Call This Week | PairCorr |
| 0.41 | BYN | Banyan Gold Corp Earnings Call Tomorrow | PairCorr |
| 0.39 | CS | Capstone Mining Corp | PairCorr |
| 0.39 | ELD | Eldorado Gold Corp | PairCorr |
| 0.38 | BCE-PD | Bce Inc Pref | PairCorr |
Related Correlations Analysis
| 0.41 | 0.14 | 0.29 | 0.69 | 0.55 | DTOL | ||
| 0.41 | 0.1 | 0.6 | 0.52 | 0.1 | RSI | ||
| 0.14 | 0.1 | 0.19 | 0.57 | 0.7 | HLF | ||
| 0.29 | 0.6 | 0.19 | 0.43 | 0.13 | JWEL | ||
| 0.69 | 0.52 | 0.57 | 0.43 | 0.72 | BU | ||
| 0.55 | 0.1 | 0.7 | 0.13 | 0.72 | SWP | ||
Risk-Adjusted Indicators
There is a big difference between SunOpta Stock performing well and SunOpta 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 SunOpta'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DTOL | 1.64 | (0.71) | 0.00 | (5.02) | 0.00 | 2.51 | 12.63 | |||
| RSI | 0.64 | 0.02 | (0.05) | 0.01 | 1.14 | 1.34 | 7.28 | |||
| HLF | 1.01 | (0.07) | 0.00 | 0.37 | 0.00 | 1.71 | 15.01 | |||
| JWEL | 0.84 | 0.03 | (0.05) | (0.06) | 0.86 | 1.71 | 5.03 | |||
| BU | 3.23 | (0.24) | 0.00 | (1.58) | 0.00 | 7.65 | 23.28 | |||
| SWP | 1.05 | (0.03) | 0.00 | (0.11) | 0.00 | 2.27 | 9.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SunOpta 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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SunOpta Corporate Management
Elected by the shareholders, the SunOpta's board of directors comprises two types of representatives: SunOpta inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SunOpta. The board's role is to monitor SunOpta's management team and ensure that shareholders' interests are well served. SunOpta'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, SunOpta's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rob Duchscher | Chief Officer | Profile | |
| Christopher Whitehair | Senior Chain | Profile | |
| Danielle Duzan | Chief Officer | Profile | |
| Christopher McCullough | General Secretary | Profile | |
| Michael Buick | VP Beverage | Profile | |
| Barend Reijn | VP Sourcing | Profile | |
| Jill JD | Chief Counsel | Profile |