Brompton Split Correlations

SBC Stock

CAD 10.52 0.04 0.38%

The current 90-days correlation between Brompton Split Banc and European Residential Real is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brompton Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Split Banc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brompton Split Correlation With Market

Weak diversification

The correlation between Brompton Split Banc 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 Brompton Split Banc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brompton Stock

0.76	PSLV	Sprott Physical Silver	Pair Corr
0.83	CEF	Sprott Physical Gold	Pair Corr
0.82	PHYS	Sprott Physical Gold	Pair Corr
0.62	SPPP	Sprott Physical Platinum	Pair Corr
0.81	UNC	Uniteds Limited	Pair Corr
0.78	AC	Air Canada	Pair Corr
0.92	POW	Power	Pair Corr

Related Correlations Analysis

	CIGI	AIF	HGR	IZ	HFP	ERE-UN	FTN-PA	ZMP	ROMJ	VO
CIGI		0.41	-0.3	-0.09	0.23	0.59	0.52	-0.26	-0.76	0.74	CIGI
AIF	0.41		-0.24	-0.69	-0.22	0.79	0.8	-0.27	-0.67	0.11	AIF
HGR	-0.3	-0.24		0.2	0.23	-0.38	-0.6	0.82	0.5	-0.4	HGR
IZ	-0.09	-0.69	0.2		0.35	-0.42	-0.55	0.15	0.3	0.09	IZ
HFP	0.23	-0.22	0.23	0.35		-0.19	-0.15	-0.02	-0.06	0.31	HFP
ERE-UN	0.59	0.79	-0.38	-0.42	-0.19		0.84	-0.29	-0.8	0.3	ERE-UN
FTN-PA	0.52	0.8	-0.6	-0.55	-0.15	0.84		-0.55	-0.8	0.38	FTN-PA
ZMP	-0.26	-0.27	0.82	0.15	-0.02	-0.29	-0.55		0.56	-0.48	ZMP
ROMJ	-0.76	-0.67	0.5	0.3	-0.06	-0.8	-0.8	0.56		-0.56	ROMJ
VO	0.74	0.11	-0.4	0.09	0.31	0.3	0.38	-0.48	-0.56		VO
	CIGI	AIF	HGR	IZ	HFP	ERE-UN	FTN-PA	ZMP	ROMJ	VO

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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

FTN-PA	+ 0.84	ERE-UN
ZMP	+ 0.82	HGR
FTN-PA	+ 0.8	AIF
ERE-UN	+ 0.79	AIF
VO	+ 0.74	CIGI
ERE-UN	+ 0.59	CIGI

High negative correlations

ROMJ	- 0.8	FTN-PA
ROMJ	- 0.8	ERE-UN
ROMJ	- 0.76	CIGI
IZ	- 0.69	AIF
ROMJ	- 0.67	AIF
FTN-PA	- 0.6	HGR

Risk-Adjusted Indicators

There is a big difference between Brompton Stock performing well and Brompton Split 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 Brompton Split'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
CIGI	1.07	0.06	0.03	0.21	1.03	(1.20)	2.14	(1.75)	8.40
AIF	0.94	0.11	0.03	0.43	0.93	(1.08)	2.24	(1.83)	6.14
HGR	0.62	0.00	(0.13)	0.17	0.74	(0.69)	1.10	(1.12)	3.74
IZ	6.18	0.66	0.00	(0.02)	7.95	(20.48)	25.00	(20.00)	58.33
HFP	0.31	0.02	(0.18)	6.00	0.33	(0.57)	1.09	(0.97)	2.38
ERE-UN	1.42	0.31	0.29	0.30	0.76	(1.88)	3.40	(1.58)	20.23
FTN-PA	0.18	0.08	(0.36)	(1.33)	0.00	(0.27)	0.48	(0.20)	1.71
ZMP	0.27	0.00	(0.32)	0.10	0.30	(0.28)	0.58	(0.57)	1.37
ROMJ	2.97	(0.38)	0.00	(0.53)	0.00	0.00	7.50	(6.52)	27.78
VO	7.34	0.54	0.07	0.28	6.82	(18.30)	20.00	(16.67)	56.67

Be your own money manager

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