Brompton Energy Correlations

ESP Stock

CAD 6.02 0.04 0.66%

The current 90-days correlation between Brompton Energy Split and Intermap Technologies Corp is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brompton Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Energy Split moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brompton Energy Correlation With Market

Good diversification

The correlation between Brompton Energy Split and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brompton Energy Split and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brompton Stock

0.82	DAY	Dayforce	Pair Corr
0.91	DSG	Descartes Systems	Pair Corr
0.83	TCS	TECSYS Inc	Pair Corr
0.92	IMP	Intermap Technologies	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.82	BOFA	Bank of America	Pair Corr
0.78	RY-PO	Royal Bank	Pair Corr
0.8	RY-PM	Royal Bank	Pair Corr
0.81	RY-PS	Royal Bank	Pair Corr
0.85	RY	Royal Bank	Pair Corr
0.84	RY-PJ	Royal Bank	Pair Corr
0.73	RY-PN	Royal Bank	Pair Corr
0.86	MG	Magna International	Pair Corr
0.89	CLS	Celestica	Pair Corr
0.87	FFN	North American Financial	Pair Corr
0.85	BAM	Brookfield Asset Man	Pair Corr
0.66	GOOG	Alphabet CDR	Pair Corr
0.65	AKT-A	AKITA Drilling	Pair Corr
0.88	MRU	Metro Inc	Pair Corr
0.62	ZUM	ZoomerMedia Limited	Pair Corr
0.87	CM	Canadian Imperial Bank	Pair Corr
0.84	PEY	Peyto ExplorationDevel	Pair Corr
0.89	IAG	iA Financial	Pair Corr
0.76	GMX	Globex Mining Enterprises	Pair Corr
0.79	SEC	Senvest Capital	Pair Corr
0.8	ECN	ECN Capital Corp	Pair Corr
0.93	FFH-PJ	Fairfax Financial	Pair Corr
0.64	FSZ	Fiera Capital	Pair Corr
0.77	NXE	NexGen Energy	Pair Corr
0.82	ET	Evertz Technologies	Pair Corr
0.83	FTU-PB	US Financial 15	Pair Corr

Moving against Brompton Stock

0.8	REAL	Real Matters	Pair Corr
0.68	TD	Toronto Dominion Bank	Pair Corr
0.42	MAS	MAS Gold Corp	Pair Corr

Related Correlations Analysis

	DAY	DSG	TCS	REAL	IMP	ESP
DAY		0.92	0.73	-0.9	0.7	0.82	DAY
DSG	0.92		0.85	-0.85	0.86	0.91	DSG
TCS	0.73	0.85		-0.72	0.83	0.83	TCS
REAL	-0.9	-0.85	-0.72		-0.73	-0.8	REAL
IMP	0.7	0.86	0.83	-0.73		0.92	IMP
ESP	0.82	0.91	0.83	-0.8	0.92		ESP
	DAY	DSG	TCS	REAL	IMP	ESP

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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

DSG	+ 0.92	DAY
ESP	+ 0.92	IMP
ESP	+ 0.91	DSG
IMP	+ 0.86	DSG
TCS	+ 0.85	DSG
IMP	+ 0.83	TCS

High negative correlations

REAL	- 0.9	DAY
REAL	- 0.85	DSG
ESP	- 0.8	REAL
IMP	- 0.73	REAL
REAL	- 0.72	TCS

Risk-Adjusted Indicators

There is a big difference between Brompton Stock performing well and Brompton Energy 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 Brompton Energy'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
DAY	1.48	0.43	0.26	1.41	1.30	(1.80)	3.66	(2.74)	11.83
DSG	1.13	0.23	0.17	0.36	1.04	(1.21)	2.89	(2.24)	8.09
TCS	1.13	0.13	0.08	7.57	1.15	(1.27)	2.86	(2.00)	8.16
REAL	1.82	(0.42)	0.00	(0.92)	0.00	0.00	3.34	(4.83)	9.74
IMP	4.62	1.73	0.39	(3.42)	3.47	(5.98)	13.68	(6.30)	25.32
ESP	2.55	0.66	0.21	(5.14)	2.54	(3.06)	5.02	(3.96)	15.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brompton Energy 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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