Cymbria Correlations
| CYB Stock | CAD 90.33 1.52 1.65% |
The current 90-days correlation between Cymbria and Uniteds Limited is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cymbria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cymbria moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cymbria Correlation With Market
Poor diversification
The correlation between Cymbria and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cymbria and DJI in the same portfolio, assuming nothing else is changed.
Cymbria |
The ability to find closely correlated positions to Cymbria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cymbria 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 Cymbria - 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 Cymbria to buy it.
Moving together with Cymbria Stock
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Cymbria Stock performing well and Cymbria 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 Cymbria'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UNC | 0.79 | 0.11 | 0.09 | 0.28 | 0.70 | 2.33 | 5.53 | |||
| GCG-A | 0.08 | 0.00 | (0.29) | 0.15 | 0.00 | 0.15 | 0.80 | |||
| GCG | 0.12 | 0.01 | (0.09) | (2.49) | 0.09 | 0.24 | 2.57 | |||
| TSU | 1.36 | 0.22 | 0.14 | (2.76) | 1.16 | 4.16 | 9.34 | |||
| CGI | 0.61 | 0.06 | 0.04 | 0.41 | 0.66 | 1.52 | 3.60 | |||
| CVG | 0.48 | 0.04 | 0.00 | (0.14) | 0.63 | 1.41 | 6.93 | |||
| AGF-B | 1.21 | 0.40 | 0.25 | 2.68 | 1.05 | 2.72 | 8.73 | |||
| DFN | 0.63 | 0.07 | 0.04 | 0.27 | 1.19 | 1.47 | 3.34 | |||
| SEC | 0.54 | 0.03 | 0.00 | 0.10 | 0.93 | 0.94 | 9.67 | |||
| LB | 0.66 | 0.29 | 0.59 | 0.99 | 0.00 | 0.70 | 18.62 |
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Our tools can tell you how much better you can do entering a position in Cymbria 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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