Ag Growth Correlations

AFN Stock

CAD 22.23 0.17 0.76%

The current 90-days correlation between Ag Growth International and GDI Integrated is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ag Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ag Growth International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ag Growth Correlation With Market

Very weak diversification

The correlation between Ag Growth International and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ag Growth International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AFN Stock

0.63

TGO

TeraGo Inc

Pair Corr

Moving against AFN Stock

0.81	MFC	Manulife Financial Corp	Pair Corr
0.75	LBNK	LithiumBank Resources	Pair Corr
0.7	FN-PB	First National Financial	Pair Corr
0.68	RY	Royal Bank	Pair Corr
0.62	BLUE	Blue Thunder Mining	Pair Corr
0.61	MTL	Mullen Group	Pair Corr
0.58	GVR	Grosvenor Resource Corp	Pair Corr
0.49	BIP-UN	Brookfield Infrastructure	Pair Corr
0.38	HWO	High Arctic Energy	Pair Corr
0.36	PPL-PO	Pembina Pipeline Corp	Pair Corr
0.76	QTWO	Q2 Metals Corp	Pair Corr
0.76	CAS	Cascades	Pair Corr
0.74	EBM	Eastwood Bio Medical	Pair Corr
0.7	NPTH	NeuPath Health	Pair Corr
0.65	Y	Yellow Pages Limited	Pair Corr
0.65	ALS	Altius Minerals	Pair Corr
0.64	IMG	IAMGold	Pair Corr
0.62	TD	Toronto Dominion Bank	Pair Corr
0.61	DR	Medical Facilities	Pair Corr
0.56	TD-PFJ	Toronto Dominion Bank	Pair Corr
0.55	ERO	Ero Copper Corp	Pair Corr
0.54	WMT	Walmart Inc CDR	Pair Corr
0.43	PGDC	Patagonia Gold Corp	Pair Corr
0.42	FDY	Faraday Copper Corp	Pair Corr
0.35	TOT	Total Energy Services	Pair Corr

Related Correlations Analysis

	GDI	DXT	ALC	CHR	ZDC	DIV	CGY	WJX	ADEN
GDI		0.2	0.15	0.57	0.64	-0.31	-0.11	0.28	-0.22	GDI
DXT	0.2		0.96	-0.09	0.53	0.23	0.51	0.85	-0.6	DXT
ALC	0.15	0.96		-0.15	0.45	0.25	0.58	0.82	-0.62	ALC
CHR	0.57	-0.09	-0.15		0.64	-0.56	-0.24	-0.12	0.07	CHR
ZDC	0.64	0.53	0.45	0.64		-0.54	0.01	0.38	-0.22	ZDC
DIV	-0.31	0.23	0.25	-0.56	-0.54		0.59	0.37	-0.25	DIV
CGY	-0.11	0.51	0.58	-0.24	0.01	0.59		0.39	-0.31	CGY
WJX	0.28	0.85	0.82	-0.12	0.38	0.37	0.39		-0.6	WJX
ADEN	-0.22	-0.6	-0.62	0.07	-0.22	-0.25	-0.31	-0.6		ADEN
	GDI	DXT	ALC	CHR	ZDC	DIV	CGY	WJX	ADEN

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

ALC	+ 0.96	DXT
WJX	+ 0.85	DXT
WJX	+ 0.82	ALC
ZDC	+ 0.64	GDI
ZDC	+ 0.64	CHR
CGY	+ 0.59	DIV

High negative correlations

ADEN	- 0.62	ALC
ADEN	- 0.6	WJX
ADEN	- 0.6	DXT
DIV	- 0.56	CHR
DIV	- 0.54	ZDC
ADEN	- 0.31	CGY

Risk-Adjusted Indicators

There is a big difference between AFN Stock performing well and Ag Growth 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 Ag Growth'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
GDI	1.26	0.06	(0.01)	1.38	1.39	(1.41)	2.83	(2.50)	10.60
DXT	1.23	0.44	0.33	2.92	0.64	(1.70)	2.73	(2.00)	9.69
ALC	0.99	0.26	0.15	(0.71)	0.83	(1.17)	2.59	(1.34)	5.96
CHR	1.08	0.15	0.05	0.85	1.49	(1.15)	2.20	(1.74)	19.53
ZDC	2.20	0.49	0.16	1.05	2.35	(2.51)	5.24	(3.85)	17.85
DIV	0.90	0.04	0.01	0.14	1.10	(0.96)	1.64	(1.88)	8.66
CGY	1.78	0.22	0.08	2.89	1.96	(1.99)	3.05	(3.58)	14.18
WJX	1.10	0.27	0.14	6.78	1.10	(1.15)	1.90	(2.36)	10.74
ADEN	1.36	(0.16)	0.00	(1.39)	0.00	0.00	3.02	(2.65)	9.94

Be your own money manager

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