Corby Spirit Correlations

CRBBF Stock

USD 9.46 0.00 0.00%

The correlation of Corby Spirit 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.

Corby Spirit Correlation With Market

Average diversification

The correlation between Corby Spirit and and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corby Spirit and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Corby Pink Sheet

0.67

PDRDF

Pernod Ricard SA

Pair Corr

Moving against Corby Pink Sheet

0.89	MMNT	Momentous Holdings Corp	Pair Corr
0.8	HANCF	Hanstone Gold Corp	Pair Corr
0.73	USGO	US GoldMining Common	Pair Corr
0.6	VIVC	Vivic Corp	Pair Corr
0.56	NERV	Minerva Neurosciences Trending	Pair Corr
0.47	BHLL	Bunker Hill Mining	Pair Corr
0.41	FNDM	Fund Inc	Pair Corr
0.4	PZG	Paramount Gold Nevada	Pair Corr
0.36	BMXC	Bemax Inc	Pair Corr
0.92	VRT	Vertiv Holdings	Pair Corr
0.91	EXC	Exelon Earnings Call This Week	Pair Corr
0.88	UNFI	United Natural Foods	Pair Corr
0.86	AIAGF	Aurubis AG	Pair Corr
0.82	AEP	American Electric Power Sell-off Trend	Pair Corr
0.79	BWXT	BWX Technologies	Pair Corr
0.73	BLLYF	Bluejay Mining plc	Pair Corr
0.72	MALRF	Mineral Resources	Pair Corr
0.67	SNOW	Snowflake	Pair Corr
0.66	HHUSF	Hua Hong Semiconductor	Pair Corr
0.59	TERN	Terns Pharmaceuticals	Pair Corr
0.5	DWTX	Dogwood Therapeutics,	Pair Corr
0.45	RAPP	Rapport Therapeutics,	Pair Corr

Related Correlations Analysis

	HWIN	RFLFF	BUBSF	KPTSF	CHUC	OGOFF	PYYX	REED
HWIN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HWIN
RFLFF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RFLFF
BUBSF	0.0	0.0		-0.37	-0.72	-0.02	0.62	-0.08	BUBSF
KPTSF	0.0	0.0	-0.37		0.57	0.46	-0.37	-0.13	KPTSF
CHUC	0.0	0.0	-0.72	0.57		0.17	-0.81	-0.02	CHUC
OGOFF	0.0	0.0	-0.02	0.46	0.17		-0.05	-0.28	OGOFF
PYYX	0.0	0.0	0.62	-0.37	-0.81	-0.05		-0.38	PYYX
REED	0.0	0.0	-0.08	-0.13	-0.02	-0.28	-0.38		REED
	HWIN	RFLFF	BUBSF	KPTSF	CHUC	OGOFF	PYYX	REED

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

PYYX	+ 0.62	BUBSF
CHUC	+ 0.57	KPTSF
OGOFF	+ 0.46	KPTSF
OGOFF	+ 0.17	CHUC
RFLFF	+ 0.0	HWIN
BUBSF	+ 0.0	HWIN

High negative correlations

PYYX	- 0.81	CHUC
CHUC	- 0.72	BUBSF
REED	- 0.38	PYYX
PYYX	- 0.37	KPTSF
KPTSF	- 0.37	BUBSF
REED	- 0.28	OGOFF

Risk-Adjusted Indicators

There is a big difference between Corby Pink Sheet performing well and Corby Spirit 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 Corby Spirit'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
HWIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RFLFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BUBSF	1.24	(0.13)	0.00	3.97	0.00	0.00	0.00	0.00	74.50
KPTSF	0.59	(0.01)	(0.02)	0.06	0.93	(2.20)	1.92	(2.17)	9.80
CHUC	6.91	2.03	0.25	2.37	5.95	(10.25)	23.53	(9.68)	69.09
OGOFF	3.62	0.55	0.05	(0.19)	3.79	(7.44)	17.14	(8.00)	34.52
PYYX	3.07	(0.99)	0.00	(1.22)	0.00	0.00	5.00	(9.47)	38.59
REED	3.24	0.11	0.01	0.82	4.03	(4.78)	7.84	(8.47)	26.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Corby Spirit 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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Corby Spirit Corporate Management

Marc Valencia	VP of Public Affairs, General Counsel and Corporate Secretary	Profile
Mark Thorne	VP Sales	Profile
Ron Hurley	Canada Chain	Profile
Douglas Costantini	Regional Ontario	Profile
Nicolas Krantz	CEO Pres	Profile
Valerie BriveTurtle	PR Communications	Profile
Caroline Begley	VicePres Marketing	Profile

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