Roots Corp Correlations
| ROOT Stock | CAD 2.25 0.04 1.75% |
The current 90-days correlation between Roots Corp and Canada Goose Holdings is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Roots Corp Correlation With Market
Good diversification
The correlation between Roots Corp and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roots Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Roots 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 Roots 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 Roots 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 Roots Corp to buy it.
Moving together with Roots Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Roots Stock performing well and Roots 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 Roots 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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Roots 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.Did you try this?
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Roots Corp Corporate Management
Elected by the shareholders, the Roots Corp's board of directors comprises two types of representatives: Roots Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Roots. The board's role is to monitor Roots Corp's management team and ensure that shareholders' interests are well served. Roots Corp'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, Roots Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kaleb Honsberger | General VP | Profile | |
| Karuna Scheinfeld | Chief Officer | Profile | |
| Joseph Mangatoor | Vice Operations | Profile | |
| Ron Ijack | Senior Systems | Profile | |
| Leon Wu | Chief Officer | Profile | |
| Mona Kennedy | Chief Officer | Profile |