Dividend Correlations
| DFN Stock | CAD 7.12 -0.26 -3.52% |
The current 90-days correlation between Dividend 15 Split and Canadian General Investments is 0.45 (i.e., Very weak diversification).A low or negative correlation between Dividend and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.
Market Linkage for Dividend
Very weak diversification
Across the chosen horizon, DFN and DJI show a correlation of 0.55 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Dividend |
Correlation context here can be used to compare Dividend with related instruments. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.
Moving together with Dividend Stock
| 0.62 | THRM | Therma Bright | PairCorr |
| 0.64 | XIM | Ximen Mining Corp | PairCorr |
| 0.67 | BCE-PR | BCE Inc Pref | PairCorr |
| 0.69 | ROCK | Rockridge Resources | PairCorr |
| 0.82 | ARA | Aclara Resources Earnings Call This Week | PairCorr |
| 0.8 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.87 | FPX | FPX Nickel Corp | PairCorr |
Moving against Dividend Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dividend Stock performing well and Dividend 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 Dividend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGI | 0.79 | 0.02 | 0.06 | -0.11 | 1.14 | 1.64 | 4.59 | |||
| FTN | 1.14 | -0.02 | 0.00 | -0.06 | 0.00 | 2.44 | 12.29 | |||
| SEC | 0.56 | -0.08 | 0.00 | 3.12 | 0.00 | 0.70 | 12.56 | |||
| AGF-B | 1.30 | 0.39 | 0.26 | -2.45 | 1.28 | 2.72 | 10.56 | |||
| CVG | 0.70 | 0.07 | 0.09 | -0.47 | 0.84 | 2.14 | 6.94 | |||
| FFN | 1.47 | -0.11 | 0.00 | 0.62 | 0.00 | 2.72 | 10.55 | |||
| BK | 1.03 | 0.07 | 0.08 | -0.37 | 1.39 | 1.76 | 11.91 | |||
| DGS | 0.94 | 0.11 | 0.06 | 0.13 | 1.61 | 2.08 | 6.73 | |||
| LBS | 0.96 | -0.02 | 0.00 | 0.11 | 0.00 | 1.64 | 6.10 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to Dividend 15 Split is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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