Stella Jones Correlations

STLJF Stock

USD 46.97 0.54 1.14%

The current 90-days correlation between Stella Jones and Canfor is 0.01 (i.e., Significant diversification). The correlation of Stella Jones 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.

Stella Jones Correlation With Market

Good diversification

The correlation between Stella Jones and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stella Jones and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Stella Pink Sheet

0.72	PCTTW	PureCycle Technologies	Pair Corr
0.64	PPERY	Bank Mandiri Persero	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.66	MSFT	Microsoft	Pair Corr

Moving against Stella Pink Sheet

0.53	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.51	ATCOL	Atlas Corp	Pair Corr
0.5	NVRO	Nevro Corp	Pair Corr
0.45	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.39	JPSTF	JAPAN POST BANK	Pair Corr
0.53	JNJ	Johnson Johnson	Pair Corr
0.47	CVX	Chevron Corp	Pair Corr
0.46	GE	GE Aerospace	Pair Corr
0.41	VZ	Verizon Communications	Pair Corr
0.4	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	CFPZF	WFG	EVA	IFSPF	SVCBF	WFSTF	SSD	UFPI
CFPZF		0.42	0.0	0.58	-0.03	0.26	0.65	0.61	CFPZF
WFG	0.42		0.0	0.75	-0.75	-0.42	0.48	0.78	WFG
EVA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EVA
IFSPF	0.58	0.75	0.0		-0.51	0.02	0.73	0.73	IFSPF
SVCBF	-0.03	-0.75	0.0	-0.51		0.36	-0.1	-0.34	SVCBF
WFSTF	0.26	-0.42	0.0	0.02	0.36		0.1	-0.24	WFSTF
SSD	0.65	0.48	0.0	0.73	-0.1	0.1		0.83	SSD
UFPI	0.61	0.78	0.0	0.73	-0.34	-0.24	0.83		UFPI
	CFPZF	WFG	EVA	IFSPF	SVCBF	WFSTF	SSD	UFPI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

UFPI	+ 0.83	SSD
UFPI	+ 0.78	WFG
IFSPF	+ 0.75	WFG
SSD	+ 0.73	IFSPF
UFPI	+ 0.73	IFSPF
SSD	+ 0.65	CFPZF

High negative correlations

SVCBF	- 0.75	WFG
SVCBF	- 0.51	IFSPF
WFSTF	- 0.42	WFG
UFPI	- 0.34	SVCBF
UFPI	- 0.24	WFSTF
SSD	- 0.1	SVCBF

Risk-Adjusted Indicators

There is a big difference between Stella Pink Sheet performing well and Stella Jones 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 Stella Jones' 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
CFPZF	1.48	(0.05)	0.00	(0.15)	0.00	0.00	2.63	(3.63)	9.59
WFG	1.23	(0.22)	0.00	(0.44)	0.00	0.00	2.32	(3.40)	6.73
EVA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFSPF	2.12	(0.17)	0.00	(0.22)	0.00	0.00	4.85	(3.92)	17.18
SVCBF	0.54	0.10	0.00	1.57	0.00	0.00	1.95	(1.71)	7.82
WFSTF	2.10	0.02	0.03	(0.12)	2.30	(5.83)	6.90	(3.57)	21.43
SSD	1.27	(0.18)	0.00	(0.25)	0.00	0.00	2.42	(3.09)	7.08
UFPI	1.24	(0.23)	0.00	(0.32)	0.00	0.00	2.19	(2.50)	6.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stella Jones 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?

Run Portfolio Comparator Now

Portfolio Comparator

Compare the composition, asset allocations and performance of any two portfolios in your account

All Next

Launch Module

Stella Jones Corporate Management

Patrick Stark	VP Safety	Profile
Sylvain Couture	Operations, VicePres	Profile
Steve Larocque	Information Leader	Profile
Stephanie Corrente	Director Communications	Profile
Jeff Brandt	VicePres Logistics	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC