Colabor Correlations
| GCL Stock | CAD 0.04 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Colabor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colabor Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Colabor Correlation With Market
Excellent diversification
The correlation between Colabor Group and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colabor Group and DJI in the same portfolio, assuming nothing else is changed.
Colabor |
The ability to find closely correlated positions to Colabor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Colabor 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 Colabor - 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 Colabor Group to buy it.
Moving against Colabor Stock
| 0.9 | IFX | Imaflex | PairCorr |
| 0.73 | AQN | Algonquin Power Utilities | PairCorr |
| 0.72 | CEF | Sprott Physical Gold | PairCorr |
| 0.69 | STRR | Star Royalties | PairCorr |
| 0.67 | PD | Precision Drilling | PairCorr |
| 0.65 | SSV | Southern Silver Expl | PairCorr |
| 0.64 | ELC | Elysee Development Corp | PairCorr |
| 0.63 | AG | First Majestic Silver | PairCorr |
| 0.62 | FFH-PK | Fairfax Financial | PairCorr |
| 0.62 | GGD | GoGold Resources | PairCorr |
| 0.6 | USS | Uniserve Communications | PairCorr |
| 0.6 | AIR | Clean Air Metals | PairCorr |
| 0.57 | PLZ-UN | Plaza Retail REIT | PairCorr |
| 0.55 | STUV | Stuve Gold Corp | PairCorr |
| 0.52 | NL | Northern Lion Gold | PairCorr |
| 0.51 | HOM-U | BSR Real Estate Earnings Call This Week | PairCorr |
| 0.5 | NEXG | NeXGold Mining Corp | PairCorr |
| 0.46 | SOLI-P | Solid Impact Investments | PairCorr |
| 0.44 | COLA | Coca Cola CDR | PairCorr |
| 0.32 | GZD | Grizzly Discoveries | PairCorr |
| 0.31 | HAWK | Hawkeye Gold | PairCorr |
| 0.83 | MU | Micron Technology | PairCorr |
| 0.77 | KMP-UN | Killam Apartment Real | PairCorr |
| 0.73 | BIP-PF | Brookfield Infrastructure | PairCorr |
| 0.69 | GMG | Graphene Manufacturing | PairCorr |
| 0.67 | CYB | Cymbria | PairCorr |
| 0.67 | VGD | Visible Gold Mines | PairCorr |
| 0.66 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.62 | TRAN | Clean Energy Transition | PairCorr |
| 0.62 | WGO | White Gold Corp | PairCorr |
| 0.61 | AAN | Aton Resources | PairCorr |
| 0.59 | FTG | Firan Technology | PairCorr |
| 0.57 | TECT | Tectonic Metals | PairCorr |
| 0.55 | DS | Dividend Select 15 | PairCorr |
| 0.54 | BN-PFI | Brookfield | PairCorr |
Related Correlations Analysis
| -0.45 | 0.52 | -0.38 | -0.48 | BR | ||
| -0.45 | -0.44 | 0.55 | 0.07 | CNT | ||
| 0.52 | -0.44 | -0.64 | -0.38 | BU | ||
| -0.38 | 0.55 | -0.64 | 0.35 | BABY | ||
| -0.48 | 0.07 | -0.38 | 0.35 | EBM | ||
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 Colabor Stock performing well and Colabor 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 Colabor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BR | 1.48 | 0.09 | 0.02 | 0.46 | 1.74 | 5.26 | 17.53 | |||
| CNT | 1.80 | (0.16) | 0.00 | 0.16 | 0.00 | 0.00 | 45.00 | |||
| BU | 3.17 | 0.54 | 0.15 | (7.78) | 3.04 | 9.26 | 21.43 | |||
| BABY | 5.08 | (0.91) | 0.00 | 1.04 | 0.00 | 10.00 | 31.11 | |||
| EBM | 6.31 | (0.07) | 0.00 | (0.03) | 0.00 | 20.00 | 68.60 |
Colabor Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Colabor stock to make a market-neutral strategy. Peer analysis of Colabor could also be used in its relative valuation, which is a method of valuing Colabor by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Colabor Corporate Management
Elected by the shareholders, the Colabor's board of directors comprises two types of representatives: Colabor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Colabor. The board's role is to monitor Colabor's management team and ensure that shareholders' interests are well served. Colabor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Colabor's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pascal Rodier | General Secretary | Profile | |
| Kelly Shipway | Negotiations Sales | Profile | |
| Joel Bertaud | Vice Operations | Profile | |
| Yanick Blanchard | Interim Officer | Profile |