Cybin Correlations

CYBN Stock

13.94 0.26 1.83%

The current 90-days correlation between Cybin Inc and JPMorgan Chase Co is -0.01 (i.e., Good diversification). The correlation of Cybin 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.

Cybin Correlation With Market

Weak diversification

The correlation between Cybin Inc and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cybin Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cybin Stock

0.68	RY-PS	Royal Bank	Pair Corr
0.68	RY	Royal Bank	Pair Corr
0.76	RY-PM	Royal Bank	Pair Corr
0.69	TD-PFI	Toronto Dominion Bank	Pair Corr
0.63	BNS	Bank of Nova Scotia	Pair Corr
0.69	TD-PFD	Toronto Dominion Bank	Pair Corr

Moving against Cybin Stock

0.72

Toronto Dominion Bank

Pair Corr

Related Correlations Analysis

	JPM	BOFA	TD	RY-PO	RY-PM	RY-PS	RY	RY-PJ	RY-PN
JPM		0.96	-0.74	0.68	0.91	0.92	0.88	0.91	0.72	JPM
BOFA	0.96		-0.71	0.71	0.9	0.93	0.88	0.89	0.75	BOFA
TD	-0.74	-0.71		-0.71	-0.79	-0.76	-0.86	-0.79	-0.66	TD
RY-PO	0.68	0.71	-0.71		0.78	0.74	0.8	0.76	0.9	RY-PO
RY-PM	0.91	0.9	-0.79	0.78		0.92	0.86	0.95	0.8	RY-PM
RY-PS	0.92	0.93	-0.76	0.74	0.92		0.88	0.89	0.77	RY-PS
RY	0.88	0.88	-0.86	0.8	0.86	0.88		0.87	0.78	RY
RY-PJ	0.91	0.89	-0.79	0.76	0.95	0.89	0.87		0.73	RY-PJ
RY-PN	0.72	0.75	-0.66	0.9	0.8	0.77	0.78	0.73		RY-PN
	JPM	BOFA	TD	RY-PO	RY-PM	RY-PS	RY	RY-PJ	RY-PN

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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

BOFA	+ 0.96	JPM
RY-PJ	+ 0.95	RY-PM
RY-PS	+ 0.93	BOFA
RY-PS	+ 0.92	JPM
RY-PS	+ 0.92	RY-PM
RY-PM	+ 0.91	JPM

High negative correlations

RY	- 0.86	TD
RY-PJ	- 0.79	TD
RY-PM	- 0.79	TD
RY-PS	- 0.76	TD
TD	- 0.74	JPM
RY-PO	- 0.71	TD

Risk-Adjusted Indicators

There is a big difference between Cybin Stock performing well and Cybin 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 Cybin'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
JPM	1.03	0.22	0.11	1.17	0.97	(1.18)	1.88	(1.61)	16.24
BOFA	1.06	0.15	0.18	0.22	0.62	(1.29)	2.46	(1.55)	10.37
TD	0.86	(0.16)	0.00	(0.65)	0.00	0.00	1.37	(1.41)	9.50
RY-PO	0.31	0.04	(0.12)	(0.31)	0.27	(0.42)	0.78	(0.67)	2.07
RY-PM	0.27	0.03	(0.13)	0.62	0.22	(0.32)	0.73	(0.54)	1.90
RY-PS	0.27	0.01	(0.19)	0.13	0.29	(0.29)	0.84	(0.56)	1.86
RY	0.53	0.06	(0.01)	0.35	0.43	(0.65)	1.24	(0.82)	4.01
RY-PJ	0.28	0.03	(0.12)	1.78	0.34	(0.31)	0.68	(0.53)	2.42
RY-PN	0.28	0.04	(0.11)	0.62	0.22	(0.37)	0.67	(0.42)	2.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cybin 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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Cybin Corporate Management

Elected by the shareholders, the Cybin's board of directors comprises two types of representatives: Cybin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cybin. The board's role is to monitor Cybin's management team and ensure that shareholders' interests are well served. Cybin'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, Cybin's outside directors are responsible for providing unbiased perspectives on the board's policies.

Alex Nivorozhkin	Chief Officer	Profile
Greg Cavers	Chief Officer	Profile
Gabriel Fahel	Chief Secretary	Profile
Douglas Drysdale	Chief Officer	Profile

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