Transat AT Correlations

TRZBF Stock

USD 1.35 0.00 0.00%

The current 90-days correlation between Transat AT and FitLife Brands, Common is -0.09 (i.e., Good diversification). The correlation of Transat AT 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.

Transat AT Correlation With Market

Significant diversification

The correlation between Transat AT and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transat AT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Transat Pink Sheet

0.43	T	ATT Inc Aggressive Push	Pair Corr
0.38	HD	Home Depot	Pair Corr
0.36	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.33	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	FTLF	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	ID	VIASP
FTLF		0.28	-0.49	0.0	0.26	-0.3	0.07	-0.09	-0.42	-0.25	FTLF
444859BR2	0.28		-0.42	0.0	0.35	-0.55	-0.1	-0.62	-0.55	-0.35	444859BR2
SCRYY	-0.49	-0.42		0.0	-0.17	0.35	0.23	0.45	0.61	0.61	SCRYY
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.26	0.35	-0.17	0.0		-0.49	-0.41	-0.41	-0.18	0.12	BRRAY
MSTSX	-0.3	-0.55	0.35	0.0	-0.49		0.29	0.69	0.41	-0.11	MSTSX
ABHYX	0.07	-0.1	0.23	0.0	-0.41	0.29		0.59	-0.14	-0.21	ABHYX
LBHIX	-0.09	-0.62	0.45	0.0	-0.41	0.69	0.59		0.4	0.15	LBHIX
ID	-0.42	-0.55	0.61	0.0	-0.18	0.41	-0.14	0.4		0.62	ID
VIASP	-0.25	-0.35	0.61	0.0	0.12	-0.11	-0.21	0.15	0.62		VIASP
	FTLF	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	ID	VIASP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

LBHIX	+ 0.69	MSTSX
VIASP	+ 0.62	ID
ID	+ 0.61	SCRYY
VIASP	+ 0.61	SCRYY
LBHIX	+ 0.59	ABHYX
LBHIX	+ 0.45	SCRYY

High negative correlations

LBHIX	- 0.62	444859BR2
ID	- 0.55	444859BR2
MSTSX	- 0.55	444859BR2
MSTSX	- 0.49	BRRAY
SCRYY	- 0.49	FTLF
SCRYY	- 0.42	444859BR2

Risk-Adjusted Indicators

There is a big difference between Transat Pink Sheet performing well and Transat AT 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 Transat AT'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
FTLF	1.20	(0.04)	(0.03)	0.06	2.00	(1.22)	3.21	(2.29)	14.26
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
SCRYY	2.13	0.29	0.09	1.06	2.03	(2.95)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
ID	3.83	0.25	0.03	0.87	4.78	(4.98)	7.32	(7.69)	20.54
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Transat AT 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 Correlation Analysis Now

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated

All Next

Launch Module

Transat AT Corporate Management

Annick Guerard	General Manager of Transat Tours Canada	Profile
Joseph Adamo	General Manager of Transat Distribution Canada Inc.	Profile
Bruno Leclaire	Chief Information and Digital Solutions Officer	Profile
Grant Elder	VicePres Improvement	Profile
Bernard Bussires	Gen VP	Profile
MarcPhilippe Lumpe	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC