Transcontinental Correlations

TCLAF Stock

USD 16.46 0.85 4.91%

The correlation of Transcontinental 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.

Transcontinental Correlation With Market

Significant diversification

The correlation between Transcontinental and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transcontinental and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Transcontinental Pink Sheet

0.71	AA	Alcoa Corp	Pair Corr
0.72	WMT	Walmart Common Stock	Pair Corr

Moving against Transcontinental Pink Sheet

0.6	TRNR	Interactive Strength	Pair Corr
0.43	CVX	Chevron Corp	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.36	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	CHDGF	GLYYY	KRNTY	BRRAY	CHRHF	ANZLY	BIRDF	BTGRF	GRGCF	KIERF
CHDGF		0.28	0.02	-0.11	0.43	0.2	0.36	0.27	0.06	-0.28	CHDGF
GLYYY	0.28		-0.69	-0.34	0.8	0.36	0.64	0.88	-0.34	-0.72	GLYYY
KRNTY	0.02	-0.69		0.04	-0.46	-0.43	-0.25	-0.64	0.82	0.42	KRNTY
BRRAY	-0.11	-0.34	0.04		-0.29	0.08	-0.38	-0.29	-0.13	0.24	BRRAY
CHRHF	0.43	0.8	-0.46	-0.29		0.23	0.61	0.84	-0.17	-0.61	CHRHF
ANZLY	0.2	0.36	-0.43	0.08	0.23		0.03	0.39	-0.36	-0.3	ANZLY
BIRDF	0.36	0.64	-0.25	-0.38	0.61	0.03		0.5	0.08	-0.37	BIRDF
BTGRF	0.27	0.88	-0.64	-0.29	0.84	0.39	0.5		-0.34	-0.64	BTGRF
GRGCF	0.06	-0.34	0.82	-0.13	-0.17	-0.36	0.08	-0.34		0.26	GRGCF
KIERF	-0.28	-0.72	0.42	0.24	-0.61	-0.3	-0.37	-0.64	0.26		KIERF
	CHDGF	GLYYY	KRNTY	BRRAY	CHRHF	ANZLY	BIRDF	BTGRF	GRGCF	KIERF

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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

BTGRF	+ 0.88	GLYYY
BTGRF	+ 0.84	CHRHF
GRGCF	+ 0.82	KRNTY
CHRHF	+ 0.8	GLYYY
BIRDF	+ 0.64	GLYYY
BIRDF	+ 0.61	CHRHF

High negative correlations

KIERF	- 0.72	GLYYY
KRNTY	- 0.69	GLYYY
KIERF	- 0.64	BTGRF
BTGRF	- 0.64	KRNTY
KIERF	- 0.61	CHRHF
CHRHF	- 0.46	KRNTY

Risk-Adjusted Indicators

There is a big difference between Transcontinental Pink Sheet performing well and Transcontinental 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 Transcontinental'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHDGF	0.83	(0.05)	(6.95)	0.00	0.00	0.00	(3.95)	16.11
GLYYY	0.54	(0.30)	(1.97)	0.00	0.00	0.00	0.00	16.26
KRNTY	0.31	0.05	(0.91)	0.00	0.00	0.97	0.00	4.32
BRRAY	2.01	0.29	(0.18)	0.00	0.00	0.00	0.00	57.34
CHRHF	1.34	(0.16)	0.19	0.00	0.00	0.00	(2.34)	28.38
ANZLY	1.76	(0.20)	(0.23)	0.00	0.00	1.86	(8.70)	28.89
BIRDF	1.23	0.01	0.07	2.31	(1.06)	2.94	(3.06)	11.61
BTGRF	0.82	(0.40)	0.73	0.00	0.00	0.00	0.00	16.00
GRGCF	0.90	0.36	(0.63)	0.00	0.00	0.00	(0.34)	17.24
KIERF	0.46	0.16	(2.29)	0.00	0.00	0.00	0.00	17.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Transcontinental 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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Transcontinental Corporate Management

Francois Taschereau	VP Affairs	Profile
Eric Morisset	Chief Officer	Profile
CM CM	Founder Director	Profile
Benoit Guilbault	Chief Officer	Profile

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