Keyera Corp Correlations

KEYUF Stock

USD 30.06 0.04 0.13%

The current 90-days correlation between Keyera Corp and Obayashi is 0.2 (i.e., Modest diversification). The correlation of Keyera Corp 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.

Keyera Corp Correlation With Market

Weak diversification

The correlation between Keyera Corp and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keyera Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Keyera Pink Sheet

0.73	OPTX	Syntec Optics Holdings Trending	Pair Corr
0.66	NETDU	Nabors Energy Transition	Pair Corr
0.55	MMV	MultiMetaVerse Holdings	Pair Corr
0.38	GTOR	Ggtoor Inc	Pair Corr
0.37	EVGR	Evergreen Corp	Pair Corr
0.36	KITTW	Nauticus Robotics	Pair Corr
0.34	NBIX	Neurocrine Biosciences	Pair Corr
0.47	THCPU	Thunder Bridge Capital	Pair Corr
0.41	HSDT	Helius Medical Techn	Pair Corr
0.34	DMRC	Digimarc	Pair Corr

Related Correlations Analysis

	VLERF	IVCTF	CNOBP	RCMT	BLK	FRCOF	AGLDF	OBYCF
VLERF		-0.63	0.88	0.62	0.81	-0.15	-0.23	0.83	VLERF
IVCTF	-0.63		-0.6	-0.55	-0.66	0.31	0.17	-0.57	IVCTF
CNOBP	0.88	-0.6		0.61	0.82	-0.12	-0.25	0.88	CNOBP
RCMT	0.62	-0.55	0.61		0.75	-0.15	-0.44	0.5	RCMT
BLK	0.81	-0.66	0.82	0.75		-0.1	-0.46	0.65	BLK
FRCOF	-0.15	0.31	-0.12	-0.15	-0.1		-0.17	-0.2	FRCOF
AGLDF	-0.23	0.17	-0.25	-0.44	-0.46	-0.17		-0.11	AGLDF
OBYCF	0.83	-0.57	0.88	0.5	0.65	-0.2	-0.11		OBYCF
	VLERF	IVCTF	CNOBP	RCMT	BLK	FRCOF	AGLDF	OBYCF

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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

CNOBP	+ 0.88	VLERF
OBYCF	+ 0.88	CNOBP
OBYCF	+ 0.83	VLERF
BLK	+ 0.82	CNOBP
BLK	+ 0.81	VLERF
BLK	+ 0.75	RCMT

High negative correlations

BLK	- 0.66	IVCTF
IVCTF	- 0.63	VLERF
CNOBP	- 0.6	IVCTF
OBYCF	- 0.57	IVCTF
RCMT	- 0.55	IVCTF
AGLDF	- 0.46	BLK

Risk-Adjusted Indicators

There is a big difference between Keyera Pink Sheet performing well and Keyera Corp 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 Keyera Corp'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
VLERF	3.00	0.59	0.18	0.54	2.98	(3.61)	6.33	(5.36)	21.15
IVCTF	4.72	0.01	0.00	0.00	5.47	(6.79)	14.29	(10.00)	37.37
CNOBP	0.63	0.07	0.05	0.52	0.83	(0.73)	1.70	(1.61)	5.38
RCMT	1.64	0.21	0.08	0.56	2.20	(1.87)	3.80	(3.34)	12.78
BLK	0.85	0.16	0.14	0.52	0.82	(0.94)	1.85	(1.63)	6.38
FRCOF	0.93	0.18	0.00	(30.81)	0.00	0.00	2.65	(0.98)	23.45
AGLDF	13.76	2.49	0.07	0.38	15.05	(40.29)	38.62	(39.21)	165.63
OBYCF	0.79	0.27	0.00	0.35	0.00	0.00	0.00	0.00	23.53

Be your own money manager

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

Dean Setoguchi	Sr. VP of Liquids Bus. Unit	Profile
Desiree Crawford	People Safety	Profile
Calvin Locke	Ma Relations	Profile
Darren Rousch	VP Operations	Profile
Nancy Brennan	Sr Counsel	Profile

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