Jewett Cameron Correlations

JCTC Stock

4.48 0.15 3.46%

The current 90-days correlation between Jewett Cameron Trading and Nature Wood Group is -0.07 (i.e., Good diversification). The correlation of Jewett Cameron 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.

Jewett Cameron Correlation With Market

Significant diversification

The correlation between Jewett Cameron Trading 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 Jewett Cameron Trading and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jewett Cameron Trading. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Jewett Stock

0.67	CE	Celanese	Pair Corr
0.73	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.61	VALE	Vale SA ADR	Pair Corr
0.62	DNMR	Danimer Scientific Upward Rally	Pair Corr
0.63	ELBM	Electra Battery Materials	Pair Corr

Moving against Jewett Stock

0.52	IE	Ivanhoe Electric	Pair Corr
0.41	X	United States Steel	Pair Corr
0.4	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	WS	Worthington Steel	Pair Corr
0.55	ECVT	Ecovyst	Pair Corr
0.53	RS	Reliance Steel Aluminum	Pair Corr
0.48	VKSC	Viskase Companies	Pair Corr
0.4	MP	MP Materials Corp	Pair Corr
0.39	OR	Osisko Gold Ro	Pair Corr
0.6	ANSLY	Ansell Ltd ADR	Pair Corr
0.46	AVD	American Vanguard	Pair Corr
0.39	WLKP	Westlake Chemical	Pair Corr
0.38	APD	Air Products	Pair Corr

Related Correlations Analysis

	SSD	WFG	JCTC	NWGL	UFPI	X	AA	AG	AU	CC
SSD		0.8	0.49	0.37	0.82	0.31	0.41	0.22	-0.22	0.6	SSD
WFG	0.8		0.39	0.28	0.83	0.27	0.59	0.45	-0.23	0.57	WFG
JCTC	0.49	0.39		0.46	0.1	-0.41	-0.4	-0.28	0.15	0.07	JCTC
NWGL	0.37	0.28	0.46		0.23	-0.02	-0.02	0.14	0.31	0.14	NWGL
UFPI	0.82	0.83	0.1	0.23		0.57	0.76	0.47	-0.36	0.69	UFPI
X	0.31	0.27	-0.41	-0.02	0.57		0.7	0.65	-0.07	0.43	X
AA	0.41	0.59	-0.4	-0.02	0.76	0.7		0.68	-0.45	0.68	AA
AG	0.22	0.45	-0.28	0.14	0.47	0.65	0.68		0.09	0.19	AG
AU	-0.22	-0.23	0.15	0.31	-0.36	-0.07	-0.45	0.09		-0.41	AU
CC	0.6	0.57	0.07	0.14	0.69	0.43	0.68	0.19	-0.41		CC
	SSD	WFG	JCTC	NWGL	UFPI	X	AA	AG	AU	CC

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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

UFPI	+ 0.83	WFG
UFPI	+ 0.82	SSD
WFG	+ 0.8	SSD
AA	+ 0.76	UFPI
AA	+ 0.7	X
CC	+ 0.69	UFPI

High negative correlations

AU	- 0.45	AA
CC	- 0.41	AU
X	- 0.41	JCTC
AA	- 0.4	JCTC
AU	- 0.36	UFPI
AG	- 0.28	JCTC

Risk-Adjusted Indicators

There is a big difference between Jewett Stock performing well and Jewett Cameron 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 Jewett Cameron'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
SSD	1.31	(0.08)	(0.03)	0.05	1.92	(1.26)	3.11	(3.23)	11.18
WFG	1.21	0.07	0.03	0.21	1.38	(1.37)	2.56	(2.80)	7.76
JCTC	1.70	0.02	(0.03)	0.23	2.23	(1.85)	3.27	(3.91)	11.31
NWGL	2.65	(0.11)	0.00	0.57	0.00	0.00	5.71	(5.70)	17.28
UFPI	1.51	(0.05)	0.03	0.09	1.75	(1.79)	3.94	(2.35)	11.42
X	2.46	0.00	0.01	0.12	3.68	(2.87)	5.55	(5.48)	20.57
AA	2.48	0.26	0.12	0.24	2.68	(2.76)	6.10	(5.76)	14.99
AG	2.97	0.21	0.01	(0.31)	3.04	(3.54)	7.11	(4.79)	19.96
AU	1.99	(0.32)	0.00	(1.02)	0.00	0.00	3.52	(4.20)	14.65
CC	2.27	0.07	0.05	0.16	2.15	(2.83)	4.67	(3.97)	18.86

Jewett Cameron Corporate Executives

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

Mitch CPA

Corporate CFO

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