Parkland Correlations

PKIUF Stock

USD 22.78 0.07 0.31%

The current 90-days correlation between Parkland and Arko Corp is 0.07 (i.e., Significant diversification). The correlation of Parkland 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.

Parkland Correlation With Market

Good diversification

The correlation between Parkland and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parkland and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Parkland Pink Sheet

0.72	NVR	NVR Inc	Pair Corr
0.65	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.62	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.62	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.64	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Parkland Pink Sheet

0.72	KAKZF	Kaspi Bank Joint	Pair Corr
0.48	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.42	CSCO	Cisco Systems	Pair Corr
0.32	BKNG	Booking Holdings	Pair Corr

Related Correlations Analysis

	MSSV	TLF	EVGOW	IMBI	FRG	SSU	SBH	EYE	POL
MSSV		0.09	0.27	0.01	0.05	-0.16	0.17	0.17	0.28	MSSV
TLF	0.09		-0.39	-0.49	0.01	-0.49	-0.77	-0.09	-0.08	TLF
EVGOW	0.27	-0.39		0.6	-0.11	0.56	0.47	-0.38	-0.22	EVGOW
IMBI	0.01	-0.49	0.6		-0.51	0.84	0.57	-0.29	-0.26	IMBI
FRG	0.05	0.01	-0.11	-0.51		-0.48	-0.24	0.18	0.49	FRG
SSU	-0.16	-0.49	0.56	0.84	-0.48		0.48	-0.39	-0.33	SSU
SBH	0.17	-0.77	0.47	0.57	-0.24	0.48		0.33	-0.2	SBH
EYE	0.17	-0.09	-0.38	-0.29	0.18	-0.39	0.33		0.17	EYE
POL	0.28	-0.08	-0.22	-0.26	0.49	-0.33	-0.2	0.17		POL
	MSSV	TLF	EVGOW	IMBI	FRG	SSU	SBH	EYE	POL

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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

SSU	+ 0.84	IMBI
IMBI	+ 0.6	EVGOW
SBH	+ 0.57	IMBI
SSU	+ 0.56	EVGOW
POL	+ 0.49	FRG
SBH	+ 0.48	SSU

High negative correlations

SBH	- 0.77	TLF
FRG	- 0.51	IMBI
SSU	- 0.49	TLF
IMBI	- 0.49	TLF
SSU	- 0.48	FRG
EYE	- 0.39	SSU

Risk-Adjusted Indicators

There is a big difference between Parkland Pink Sheet performing well and Parkland 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 Parkland'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
MSSV	11.20	1.44	0.08	0.21	12.00	(19.85)	22.11	(24.48)	168.80
TLF	1.51	0.13	0.08	0.95	1.46	(2.21)	3.01	(2.38)	23.47
EVGOW	7.78	(0.53)	0.00	(0.93)	0.00	0.00	18.48	(15.25)	61.45
IMBI	10.04	(2.62)	0.00	(0.67)	0.00	0.00	18.75	(27.54)	110.53
FRG	0.56	0.08	0.14	0.96	0.55	(0.69)	1.76	(1.19)	5.13
SSU	3.59	(0.19)	0.00	7.26	0.00	0.00	8.25	(7.62)	25.89
SBH	1.88	(0.23)	0.00	0.67	0.00	0.00	4.50	(3.63)	17.73
EYE	2.09	0.06	0.03	0.09	2.24	(2.44)	4.90	(4.45)	11.05
POL	3.78	0.40	0.08	0.35	3.99	(5.20)	7.14	(6.67)	25.93

Be your own money manager

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