Jamieson Wellness Correlations

JWEL Stock

CAD 36.28 0.15 0.41%

The current 90-days correlation between Jamieson Wellness and Alphabet Inc CDR is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jamieson Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jamieson Wellness moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jamieson Wellness Correlation With Market

Significant diversification

The correlation between Jamieson Wellness and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jamieson Wellness and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jamieson Stock

0.7	FFH	Fairfax Financial	Pair Corr
0.63	FFH-PM	Fairfax Financial	Pair Corr
0.62	GS	GOLDMAN SACHS CDR	Pair Corr

Related Correlations Analysis

	GOOG	MSFT	NVDA	TSLA	INTC	NKE	PYPL	BA	VISA	AMD
GOOG		0.05	0.81	0.71	0.83	-0.46	0.77	-0.64	0.62	-0.19	GOOG
MSFT	0.05		0.02	0.05	0.15	0.27	0.05	-0.08	-0.02	0.34	MSFT
NVDA	0.81	0.02		0.62	0.79	-0.55	0.83	-0.63	0.6	-0.11	NVDA
TSLA	0.71	0.05	0.62		0.74	-0.53	0.79	-0.68	0.85	-0.45	TSLA
INTC	0.83	0.15	0.79	0.74		-0.23	0.87	-0.72	0.57	0.02	INTC
NKE	-0.46	0.27	-0.55	-0.53	-0.23		-0.34	0.41	-0.72	0.62	NKE
PYPL	0.77	0.05	0.83	0.79	0.87	-0.34		-0.72	0.65	-0.1	PYPL
BA	-0.64	-0.08	-0.63	-0.68	-0.72	0.41	-0.72		-0.57	0.11	BA
VISA	0.62	-0.02	0.6	0.85	0.57	-0.72	0.65	-0.57		-0.69	VISA
AMD	-0.19	0.34	-0.11	-0.45	0.02	0.62	-0.1	0.11	-0.69		AMD
	GOOG	MSFT	NVDA	TSLA	INTC	NKE	PYPL	BA	VISA	AMD

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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

PYPL	+ 0.87	INTC
VISA	+ 0.85	TSLA
INTC	+ 0.83	GOOG
PYPL	+ 0.83	NVDA
NVDA	+ 0.81	GOOG
INTC	+ 0.79	NVDA

High negative correlations

BA	- 0.72	PYPL
VISA	- 0.72	NKE
BA	- 0.72	INTC
AMD	- 0.69	VISA
BA	- 0.68	TSLA
BA	- 0.64	GOOG

Risk-Adjusted Indicators

There is a big difference between Jamieson Stock performing well and Jamieson Wellness 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 Jamieson Wellness' 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
GOOG	1.18	(0.03)	(0.04)	0.08	1.87	(1.04)	2.16	(2.52)	8.60
MSFT	0.89	(0.04)	(0.06)	0.06	1.48	(0.86)	2.03	(1.83)	8.19
NVDA	2.08	0.07	0.01	0.22	2.93	(2.09)	4.10	(4.24)	13.07
TSLA	3.09	0.83	0.23	2.85	2.61	(3.75)	8.04	(5.68)	27.76
INTC	2.32	0.20	0.07	0.32	2.55	(2.51)	6.38	(3.54)	17.63
NKE	1.17	(0.10)	0.00	(0.22)	0.00	0.00	2.46	(2.38)	13.58
PYPL	1.34	0.24	0.10	0.52	1.56	(1.47)	3.46	(2.87)	10.20
BA	1.67	(0.25)	0.00	(0.14)	0.00	0.00	3.12	(3.35)	8.52
VISA	0.82	0.22	0.08	1.82	1.06	(0.91)	2.15	(1.35)	7.53
AMD	1.99	(0.26)	0.00	(0.05)	0.00	0.00	3.94	(3.99)	16.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jamieson Wellness 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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Jamieson Wellness Corporate Executives

Elected by the shareholders, the Jamieson Wellness' board of directors comprises two types of representatives: Jamieson Wellness inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jamieson. The board's role is to monitor Jamieson Wellness' management team and ensure that shareholders' interests are well served. Jamieson Wellness' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jamieson Wellness' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Christopher Snowden	CFO Secretary	Profile
	Christopher CPA	CFO Secretary	Profile

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