MINT Income Correlations

MID-UN Stock

CAD 7.94 0.01 0.13%

The current 90-days correlation between MINT Income Fund and Blue Ribbon Income is 0.05 (i.e., Significant diversification). The correlation of MINT Income 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.

MINT Income Correlation With Market

Very poor diversification

The correlation between MINT Income Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MINT Income Fund and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MINT Stock

0.65	DELX	DelphX Capital Markets	Pair Corr
0.88	CTF-UN	Citadel Income	Pair Corr
0.89	MAXQ	Maritime Launch Services	Pair Corr
0.62	CBR	Cabral Gold	Pair Corr
0.76	MFC-PP	Manulife Financial Corp	Pair Corr
0.84	BN-PC	Brookfield	Pair Corr
0.93	ATX	ATEX Resources	Pair Corr
0.66	GLD	GoldOn Resources	Pair Corr
0.9	SLF-PJ	Sun Life Financial	Pair Corr
0.82	PML	Panoro Minerals	Pair Corr
0.87	GUG	Gungnir Resources	Pair Corr
0.88	BPF-UN	Boston Pizza Royalties	Pair Corr
0.68	NAR	North Arrow Minerals	Pair Corr
0.83	TOT	Total Energy Services	Pair Corr
0.83	PSLV	Sprott Physical Silver	Pair Corr
0.88	PGDC	Patagonia Gold Corp	Pair Corr
0.85	ISO	IsoEnergy	Pair Corr
0.81	PESO	Pesorama	Pair Corr
0.74	AZT	Aztec Minerals Corp	Pair Corr
0.88	TUO	Teuton Resources Corp	Pair Corr
0.79	MOLY	Greenland Resources	Pair Corr
0.9	CJT	Cargojet	Pair Corr
0.7	BTO	B2Gold Corp	Pair Corr
0.65	NXR-UN	Nexus Real Estate Earnings Call Next Week	Pair Corr
0.68	GIGA	Giga Metals Corp	Pair Corr

Related Correlations Analysis

	RBN-UN	BGI-UN	ENI-UN	MDS-UN	CTF-UN	YCM	NPS
RBN-UN		0.69	0.84	0.23	0.84	0.8	0.74	RBN-UN
BGI-UN	0.69		0.43	0.19	0.82	0.89	0.4	BGI-UN
ENI-UN	0.84	0.43		0.23	0.75	0.68	0.6	ENI-UN
MDS-UN	0.23	0.19	0.23		0.21	0.21	0.23	MDS-UN
CTF-UN	0.84	0.82	0.75	0.21		0.87	0.52	CTF-UN
YCM	0.8	0.89	0.68	0.21	0.87		0.52	YCM
NPS	0.74	0.4	0.6	0.23	0.52	0.52		NPS
	RBN-UN	BGI-UN	ENI-UN	MDS-UN	CTF-UN	YCM	NPS

Risk-Adjusted Indicators

There is a big difference between MINT Stock performing well and MINT 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 MINT 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
RBN-UN	0.04	0.01	0.00	(1.15)	0.00	0.00	0.00	0.00	0.51
BGI-UN	1.23	0.22	0.06	(9.41)	1.22	(1.57)	3.19	(2.88)	8.46
ENI-UN	1.74	0.34	0.04	(0.69)	2.37	(3.03)	6.63	(4.19)	18.68
MDS-UN	1.46	(0.03)	0.00	(0.13)	0.00	0.00	3.98	(2.63)	13.66
CTF-UN	1.27	0.25	0.07	(4.91)	1.35	(1.61)	3.28	(2.53)	8.01
YCM	1.08	0.33	0.00	(2.12)	0.00	0.00	5.01	(1.33)	17.10
NPS	4.73	0.31	0.04	0.33	7.63	(4.92)	21.90	(16.81)	39.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in MINT Income 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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