Edgepoint Global Correlations

0P0000JO4O

28.93 0.09 0.31%

The current 90-days correlation between Edgepoint Global Growth and Invesco Global Companies is 0.06 (i.e., Significant 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 Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Edgepoint Global Correlation With Market

Significant diversification

The correlation between Edgepoint Global Growth and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edgepoint Global Growth 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 Growth to buy it.

Moving together with Edgepoint Fund

0.85	0P0000706A	RBC Select Balanced	Pair Corr
0.9	0P0000S9O7	PIMCO Monthly Income	Pair Corr
0.85	0P00007069	RBC Portefeuille	Pair Corr
0.88	0P0000IUYO	Edgepoint Global Por	Pair Corr
0.89	0P0001FAU8	TD Comfort Balanced	Pair Corr
0.62	0P00012UCU	RBC Global Equity	Pair Corr

Related Correlations Analysis

	0P000072UA	0P0000760C	0P0001D8QF	0P0000KWKF	CIF823	0P000070I2	0P0000JO4O	PGI-UN
0P000072UA		-0.19	0.69	0.82	0.03	0.6	0.82	0.14	0P000072UA
0P0000760C	-0.19		0.17	-0.26	0.92	-0.22	-0.08	0.4	0P0000760C
0P0001D8QF	0.69	0.17		0.77	0.42	0.04	0.84	0.28	0P0001D8QF
0P0000KWKF	0.82	-0.26	0.77		-0.01	0.27	0.9	0.19	0P0000KWKF
CIF823	0.03	0.92	0.42	-0.01		-0.13	0.19	0.43	CIF823
0P000070I2	0.6	-0.22	0.04	0.27	-0.13		0.38	0.14	0P000070I2
0P0000JO4O	0.82	-0.08	0.84	0.9	0.19	0.38		0.38	0P0000JO4O
PGI-UN	0.14	0.4	0.28	0.19	0.43	0.14	0.38		PGI-UN
	0P000072UA	0P0000760C	0P0001D8QF	0P0000KWKF	CIF823	0P000070I2	0P0000JO4O	PGI-UN

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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

CIF823	+ 0.92	0P0000760C
0P0000JO4O	+ 0.9	0P0000KWKF
0P0000JO4O	+ 0.84	0P0001D8QF
0P0000KWKF	+ 0.82	0P000072UA
0P0000JO4O	+ 0.82	0P000072UA
0P0000KWKF	+ 0.77	0P0001D8QF

High negative correlations

0P0000KWKF	- 0.26	0P0000760C
0P000070I2	- 0.22	0P0000760C
0P0000760C	- 0.19	0P000072UA
0P000070I2	- 0.13	CIF823
0P0000JO4O	- 0.08	0P0000760C
CIF823	- 0.01	0P0000KWKF

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
0P000072UA	0.64	(0.04)	0.00	(0.09)	0.00	0.00	1.14	(1.17)	8.06
0P0000760C	0.72	0.04	0.07	(10.78)	0.78	(0.77)	1.51	(1.38)	3.49
0P0001D8QF	0.51	0.01	0.04	0.15	0.72	(0.48)	0.94	(1.22)	2.93
0P0000KWKF	0.19	0.00	0.05	0.00	0.26	(0.28)	0.44	(0.43)	1.94
CIF823	0.61	0.03	0.06	1.97	0.80	(0.58)	1.12	(1.15)	3.33
0P000070I2	0.86	(0.12)	0.00	(0.85)	0.00	0.00	1.50	(1.72)	4.80
0P0000JO4O	0.34	(0.01)	0.00	(0.47)	0.00	0.00	0.76	(0.71)	3.13
PGI-UN	0.41	0.00	0.04	0.08	0.53	(0.46)	0.82	(0.93)	3.00

Edgepoint Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Edgepoint Global fund to make a market-neutral strategy. Peer analysis of Edgepoint Global could also be used in its relative valuation, which is a method of valuing Edgepoint Global by comparing valuation metrics with similar companies.

Invesco Global Companies Renaissance Global Science BMO Concentrated Global DFA Global Investment Capital Group Global CI Global Resource Edgepoint Global Growth PIMCO Global Incme American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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