Urbana Correlations

URB Stock

CAD 9.22 0.04 0.44%

The current 90-days correlation between Urbana and Brompton Split Banc is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Urbana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urbana moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Urbana Correlation With Market

Poor diversification

The correlation between Urbana and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urbana and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Urbana Stock

0.61	GOOG	Alphabet CDR	Pair Corr
0.61	GOOG	Alphabet CDR	Pair Corr
0.81	SBI	Serabi Gold PLC	Pair Corr
0.61	LOVE	Cannara Biotech	Pair Corr
0.8	MS	Morgan Stanley CDR	Pair Corr
0.75	SGR-U	Slate Grocery REIT	Pair Corr
0.75	CIA	Champion Iron	Pair Corr
0.83	QNC	Quantum eMotion Corp	Pair Corr
0.73	MGG	Minaurum Silver	Pair Corr
0.82	PDV	Prime Dividend Corp	Pair Corr
0.63	WPRT	Westport Fuel Systems	Pair Corr
0.91	TRU	Trius Investments	Pair Corr
0.74	ENB-PFC	Enbridge Pref 11	Pair Corr
0.66	PGDC	Patagonia Gold Corp	Pair Corr
0.75	BPF-UN	Boston Pizza Royalties	Pair Corr
0.67	ACQ	Autocanada	Pair Corr
0.63	CWEB	Charlottes Web Holdings	Pair Corr

Moving against Urbana Stock

0.61	AAPL	Apple Inc CDR	Pair Corr
0.61	AAPL	Apple CDR	Pair Corr
0.33	MSFT	Microsoft Corp CDR	Pair Corr
0.33	MSFT	Microsoft CDR	Pair Corr

Related Correlations Analysis

	SBC	DGS	ENS	OLY	STCK	AIM	FFN	GDV
SBC		0.85	0.14	0.57	0.91	0.7	0.83	0.9	SBC
DGS	0.85		-0.06	0.48	0.91	0.75	0.74	0.88	DGS
ENS	0.14	-0.06		0.5	0.11	0.41	-0.31	0.32	ENS
OLY	0.57	0.48	0.5		0.51	0.68	0.16	0.68	OLY
STCK	0.91	0.91	0.11	0.51		0.79	0.76	0.92	STCK
AIM	0.7	0.75	0.41	0.68	0.79		0.33	0.87	AIM
FFN	0.83	0.74	-0.31	0.16	0.76	0.33		0.61	FFN
GDV	0.9	0.88	0.32	0.68	0.92	0.87	0.61		GDV
	SBC	DGS	ENS	OLY	STCK	AIM	FFN	GDV

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

GDV	+ 0.92	STCK
STCK	+ 0.91	SBC
STCK	+ 0.91	DGS
GDV	+ 0.9	SBC
GDV	+ 0.88	DGS
GDV	+ 0.87	AIM

High negative correlations

FFN	- 0.31	ENS
ENS	- 0.06	DGS

Risk-Adjusted Indicators

There is a big difference between Urbana Stock performing well and Urbana 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 Urbana'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
SBC	0.91	0.33	0.31	0.61	0.65	(1.11)	2.01	(1.33)	4.59
DGS	0.64	0.19	0.12	0.45	0.93	(0.72)	1.59	(1.43)	5.31
ENS	0.92	0.14	0.07	(0.56)	1.16	(0.91)	1.73	(1.98)	6.21
OLY	0.95	0.03	0.00	0.14	1.60	(0.97)	2.08	(1.66)	7.89
STCK	2.36	0.63	0.27	0.67	1.99	(2.95)	7.35	(3.69)	14.58
AIM	1.26	0.16	0.08	0.90	1.36	(1.51)	2.89	(2.83)	7.41
FFN	0.97	0.22	0.11	0.26	1.55	(1.00)	2.33	(2.99)	7.76
GDV	0.57	0.17	0.16	0.66	0.49	(0.62)	1.18	(1.10)	3.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Urbana 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 Equity Search Now

Equity Search

Search for actively traded equities including funds and ETFs from over 30 global markets

All Next

Launch Module

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

2026 Macroaxis LLC