Exchange Income Correlations

EIF Stock

CAD 98.91 -2.75 -2.71%

The current 90-days correlation between Exchange Income and Secure Energy Services is -0.11 (i.e., Good diversification).Correlation analysis for Exchange Income quantifies the degree to which its price movements mirror or diverge from those of related assets. A coefficient near +1 signals strong co-movement, while a coefficient near -1 indicates consistent opposite movement.

Market Correlation - Exchange Income

Weak diversification

Across the chosen horizon, EIF and DJI show a correlation of 0.34 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Correlation analysis helps compare Exchange Income with similar exposures for allocation context. Wash sale restrictions can apply to substantially identical replacements in some markets; this is general context only.

Moving together with Exchange Stock

0.66	WN	George Weston Limited	Pair Corr
0.81	MGA	Mega Uranium	Pair Corr
0.72	BBD-B	Bombardier	Pair Corr
0.94	SU	Suncor Energy	Pair Corr
0.78	ENB	Enbridge	Pair Corr
0.79	CTC-A	Canadian Tire	Pair Corr
0.87	CVE	Cenovus Energy	Pair Corr
0.78	ROCK	Rockridge Resources	Pair Corr
0.81	IPCO	International Petroleum	Pair Corr
0.71	ARA	Aclara Resources Earnings Call This Week	Pair Corr
0.82	AME	Abacus Mining	Pair Corr
0.72	BQE	BQE Water	Pair Corr
0.62	WHN	Westhaven Ventures	Pair Corr
0.72	CTRL	Edge Total Intelligence	Pair Corr
0.84	PGDC	Patagonia Gold Corp	Pair Corr
0.9	TECT	Tectonic Metals	Pair Corr
0.94	BCE-PR	BCE Inc Pref	Pair Corr
0.83	OXY	Occidental Petroleum CDR	Pair Corr

Moving against Exchange Stock

0.78	X	TMX Group Limited	Pair Corr
0.63	ONEX	Onex Corp	Pair Corr

Related Correlations Analysis

	SES	MDA	AC	ATS	BBU-UN	HPS-A	BDGI	RUS	CHR
SES		0.72	-0.01	0.67	-0.58	0.74	-0.6	0.43	0.73	SES
MDA	0.72		0.06	0.61	-0.53	0.58	-0.35	0.81	0.6	MDA
AC	-0.01	0.06		0.47	0.41	0.32	0.0	0.39	0.16	AC
ATS	0.67	0.61	0.47		-0.16	0.63	-0.23	0.61	0.73	ATS
BBU-UN	-0.58	-0.53	0.41	-0.16		-0.34	0.55	-0.17	-0.46	BBU-UN
HPS-A	0.74	0.58	0.32	0.63	-0.34		-0.61	0.51	0.52	HPS-A
BDGI	-0.6	-0.35	0.0	-0.23	0.55	-0.61		-0.23	-0.19	BDGI
RUS	0.43	0.81	0.39	0.61	-0.17	0.51	-0.23		0.34	RUS
CHR	0.73	0.6	0.16	0.73	-0.46	0.52	-0.19	0.34		CHR
	SES	MDA	AC	ATS	BBU-UN	HPS-A	BDGI	RUS	CHR

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

RUS	+ 0.81	MDA
HPS-A	+ 0.74	SES
CHR	+ 0.73	SES
CHR	+ 0.73	ATS
MDA	+ 0.72	SES
ATS	+ 0.67	SES

High negative correlations

BDGI	- 0.61	HPS-A
BDGI	- 0.6	SES
BBU-UN	- 0.58	SES
BBU-UN	- 0.53	MDA
CHR	- 0.46	BBU-UN
BDGI	- 0.35	MDA

Risk-Adjusted Indicators

There is a big difference between Exchange Stock performing well and Exchange Income 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 Exchange Income'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
SES	1.40	0.23	0.15	0.73	1.44	-1.52	3.55	-2.66	7.01
MDA	2.84	0.90	0.28	0.92	2.69	-3.33	6.32	-4.60	20.58
AC	1.62	-0.09	0.00	-0.14	0.00	0.00	3.74	-3.92	12.26
ATS	1.81	0.10	0.04	0.05	2.22	-1.97	4.09	-3.80	11.33
BBU-UN	1.73	-0.17	0.00	-0.18	0.00	0.00	3.54	-3.88	10.87
HPS-A	1.99	0.18	0.07	0.12	2.33	-2.12	4.63	-4.67	12.41
BDGI	1.69	-0.26	0.00	-0.48	0.00	0.00	3.09	-4.21	10.89
RUS	0.99	0.23	0.12	0.28	1.80	-1.01	2.15	-1.94	12.24
CHR	1.16	0.06	0.08	-0.67	1.28	-1.50	2.53	-2.52	11.42

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Exchange Income 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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