US Financial Correlations

FTU Stock

CAD 0.47 0.04 9.30%

The current 90-days correlation between US Financial 15 and Tarku Resources is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Financial 15 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

US Financial Correlation With Market

Very good diversification

The correlation between US Financial 15 and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Financial 15 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to US Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Financial 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 US Financial - 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 US Financial 15 to buy it.

Moving together with FTU Stock

0.61	FFH-PH	Fairfax Financial	Pair Corr
0.76	RY-PS	Royal Bank	Pair Corr
0.68	RY	Royal Bank	Pair Corr
0.76	FFH-PC	Fairfax Fin Hld	Pair Corr
0.81	NA	National Bank	Pair Corr

Related Correlations Analysis

	PRL	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU	ERE-UN
PRL		-0.75	0.44	-0.24	-0.59	0.43	0.31	-0.73	-0.65	0.37	PRL
ZUAG-U	-0.75		-0.35	0.33	0.55	-0.13	-0.36	0.54	0.36	-0.12	ZUAG-U
XHB	0.44	-0.35		-0.18	-0.75	0.42	0.82	-0.51	-0.3	0.44	XHB
EDGF	-0.24	0.33	-0.18		0.39	0.2	-0.32	0.08	0.25	-0.07	EDGF
SOLR	-0.59	0.55	-0.75	0.39		-0.3	-0.74	0.42	0.39	-0.41	SOLR
0P0000OXA6	0.43	-0.13	0.42	0.2	-0.3		0.14	-0.6	-0.48	0.62	0P0000OXA6
ALA-PA	0.31	-0.36	0.82	-0.32	-0.74	0.14		-0.24	-0.12	0.33	ALA-PA
ECO	-0.73	0.54	-0.51	0.08	0.42	-0.6	-0.24		0.64	-0.48	ECO
TKU	-0.65	0.36	-0.3	0.25	0.39	-0.48	-0.12	0.64		-0.5	TKU
ERE-UN	0.37	-0.12	0.44	-0.07	-0.41	0.62	0.33	-0.48	-0.5		ERE-UN
	PRL	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU	ERE-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

ALA-PA	+ 0.82	XHB
TKU	+ 0.64	ECO
ERE-UN	+ 0.62	0P0000OXA6
SOLR	+ 0.55	ZUAG-U
ECO	+ 0.54	ZUAG-U
XHB	+ 0.44	PRL

High negative correlations

SOLR	- 0.75	XHB
ZUAG-U	- 0.75	PRL
ALA-PA	- 0.74	SOLR
ECO	- 0.73	PRL
TKU	- 0.65	PRL
ECO	- 0.6	0P0000OXA6

Risk-Adjusted Indicators

There is a big difference between FTU Stock performing well and US Financial 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 US Financial'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
PRL	2.35	0.43	0.16	1.80	2.35	(2.62)	7.07	(4.76)	14.35
ZUAG-U	0.17	(0.07)	0.00	(0.89)	0.00	0.00	0.23	(0.72)	1.80
XHB	0.21	0.01	0.00	0.50	0.15	(0.27)	0.46	(0.31)	1.52
EDGF	1.02	(0.06)	0.00	(30.85)	0.00	0.00	2.30	(2.50)	6.49
SOLR	7.53	0.15	0.01	(0.13)	9.72	(27.78)	25.00	(25.00)	58.33
0P0000OXA6	0.71	(0.04)	0.00	4.44	0.00	0.00	1.10	(1.45)	13.40
ALA-PA	0.50	0.10	0.11	0.82	0.58	(0.60)	1.15	(1.45)	3.73
ECO	1.63	(0.04)	0.00	(0.18)	0.00	0.00	3.47	(3.06)	10.38
TKU	8.82	1.52	0.04	(1.40)	10.56	(50.00)	50.00	(33.33)	83.33
ERE-UN	1.88	(0.26)	0.00	(0.23)	0.00	0.00	3.28	(1.91)	54.40

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Our tools can tell you how much better you can do entering a position in US Financial 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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