Maxim Power Correlations
| MXGFF Stock | USD 3.23 0.02 0.62% |
The current 90-days correlation between Maxim Power Corp and Bonterra Energy Corp is 0.27 (i.e., Modest diversification). The correlation of Maxim Power 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.
Maxim Power Correlation With Market
Average diversification
The correlation between Maxim Power Corp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maxim Power Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Maxim Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maxim Power 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 Maxim Power - 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 Maxim Power Corp to buy it.
Moving together with Maxim Pink Sheet
| 0.65 | TLN | Talen Energy | PairCorr |
| 0.61 | KB | KB Financial Group | PairCorr |
| 0.63 | SHG | Shinhan Financial | PairCorr |
| 0.68 | VFS | VinFast Auto | PairCorr |
| 0.63 | HD | Home Depot | PairCorr |
| 0.72 | BAC | Bank of America | PairCorr |
| 0.75 | AXP | American Express | PairCorr |
Moving against Maxim Pink Sheet
| 0.67 | CNL | Collective Mining | PairCorr |
| 0.49 | KEP | Korea Electric Power | PairCorr |
| 0.45 | OXSQZ | Oxford Square Capital | PairCorr |
| 0.67 | JNJ | Johnson Johnson | PairCorr |
| 0.59 | PG | Procter Gamble | PairCorr |
| 0.52 | MCD | McDonalds | PairCorr |
| 0.52 | KO | Coca Cola | PairCorr |
| 0.45 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Maxim Pink Sheet performing well and Maxim Power 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 Maxim Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNEFF | 2.03 | 0.15 | 0.09 | (0.60) | 2.29 | 4.22 | 13.99 | |||
| MPVDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAVVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MODVF | 0.42 | 0.00 | 0.00 | (0.04) | 0.00 | 1.43 | 11.63 | |||
| MBCF | 1.25 | 0.48 | 0.31 | 1.53 | 0.53 | 4.48 | 12.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Maxim Power 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.Did you try this?
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Maxim Power Corporate Management
| Kim Karran | Corp Advisor | Profile | |
| Kyle Mitton | VP CFO | Profile | |
| Robert Watson | VP Facilities | Profile | |
| Kevin Dyck | VP Controller | Profile | |
| Bruce PEng | Chairman CEO | Profile |