Edgepoint Global Correlations

0P0000JO4E

37.94 0.35 0.93%

The current 90-days correlation between Edgepoint Global Por and Edgepoint Canadian Portfolio is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Edgepoint Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgepoint Global Portfolio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Edgepoint Global Correlation With Market

Good diversification

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

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

Moving together with Edgepoint Fund

0.66	0P0000S9O7	PIMCO Monthly Income	Pair Corr
0.99	0P0000IUYO	Edgepoint Global Por	Pair Corr
0.81	0P0001FAU8	TD Comfort Balanced	Pair Corr

Related Correlations Analysis

	0P0000JO4N	0P0000IUYO	EDG708	0P0000JO4E	FTHI	0P00007694	BLB-UN	0P0001N8MZ	0P000075GQ
0P0000JO4N		0.58	0.99	0.55	0.74	0.59	0.63	0.33	0.39	0P0000JO4N
0P0000IUYO	0.58		0.61	0.99	0.35	0.65	0.06	0.86	0.41	0P0000IUYO
EDG708	0.99	0.61		0.6	0.71	0.66	0.61	0.34	0.45	EDG708
0P0000JO4E	0.55	0.99	0.6		0.31	0.72	0.05	0.82	0.47	0P0000JO4E
FTHI	0.74	0.35	0.71	0.31		0.39	0.45	0.13	0.27	FTHI
0P00007694	0.59	0.65	0.66	0.72	0.39		0.22	0.36	0.58	0P00007694
BLB-UN	0.63	0.06	0.61	0.05	0.45	0.22		-0.12	0.28	BLB-UN
0P0001N8MZ	0.33	0.86	0.34	0.82	0.13	0.36	-0.12		0.12	0P0001N8MZ
0P000075GQ	0.39	0.41	0.45	0.47	0.27	0.58	0.28	0.12		0P000075GQ
	0P0000JO4N	0P0000IUYO	EDG708	0P0000JO4E	FTHI	0P00007694	BLB-UN	0P0001N8MZ	0P000075GQ

Click cells to compare fundamentals

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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

EDG708	+ 0.99	0P0000JO4N
0P0000JO4E	+ 0.99	0P0000IUYO
0P0001N8MZ	+ 0.86	0P0000IUYO
0P0001N8MZ	+ 0.82	0P0000JO4E
FTHI	+ 0.74	0P0000JO4N
0P00007694	+ 0.72	0P0000JO4E

High negative correlations

0P0001N8MZ

- 0.12

BLB-UN

Risk-Adjusted Indicators

There is a big difference between Edgepoint Fund performing well and Edgepoint Global Fund 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 Edgepoint Global'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
0P0000JO4N	0.66	(0.05)	0.00	(2.48)	0.00	0.00	1.25	(1.55)	3.30
0P0000IUYO	0.59	(0.04)	0.00	0.60	0.00	0.00	1.21	(1.27)	2.64
EDG708	0.67	(0.06)	0.00	(3.27)	0.00	0.00	1.25	(1.54)	3.30
0P0000JO4E	0.61	(0.05)	0.00	0.78	0.00	0.00	1.21	(1.28)	3.27
FTHI	0.53	(0.04)	0.00	(0.17)	0.00	0.00	1.04	(1.26)	3.79
0P00007694	0.71	(0.11)	0.00	0.72	0.00	0.00	1.16	(1.63)	6.45
BLB-UN	0.42	0.00	0.02	(0.01)	0.62	(1.76)	1.79	(1.86)	4.46
0P0001N8MZ	0.57	0.04	0.09	0.48	0.73	(0.55)	1.21	(1.12)	3.25
0P000075GQ	0.10	(0.05)	0.00	3.23	0.00	0.00	0.11	0.00	2.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Edgepoint Global 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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