Transcontinental Correlations
| TCLAF Stock | USD 17.19 0.27 1.55% |
The current 90-days correlation between Transcontinental and COSCO SHIPPING International is 0.55 (i.e., Very weak diversification). 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
Very poor diversification
The correlation between Transcontinental and DJI is 0.82 (i.e., Very poor 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.
Transcontinental |
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
| 0.81 | PTITF | PT Indosat Tbk | PairCorr |
| 0.8 | BNEFF | Bonterra Energy Corp | PairCorr |
| 0.85 | USPH | US Physicalrapy | PairCorr |
| 0.71 | SLSR | Solaris Resources | PairCorr |
| 0.85 | GS | Goldman Sachs Group | PairCorr |
| 0.78 | TORO | Toro | PairCorr |
| 0.67 | CGECF | Cogeco Inc | PairCorr |
| 0.87 | MEEEF | Metal Energy Corp | PairCorr |
| 0.62 | CYD | China Yuchai Interna Earnings Call This Week | PairCorr |
| 0.77 | FRSB | First Resource Bank | PairCorr |
| 0.7 | TOGOF | TomaGold | PairCorr |
| 0.68 | EMMA | Emmaus Life Sciences | PairCorr |
Moving against Transcontinental Pink Sheet
| 0.58 | PTAIF | PT Astra International | PairCorr |
| 0.47 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.42 | AFIIQ | Armstrong Flooring | PairCorr |
| 0.37 | WELL | Welltower | PairCorr |
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 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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHDGF | 1.09 | 0.37 | 0.00 | 7.31 | 0.00 | 5.13 | 17.21 | |||
| GLYYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KRNTY | 0.37 | 0.16 | 0.00 | (9.46) | 0.00 | 0.97 | 4.05 | |||
| BRRAY | 5.76 | 2.31 | 0.18 | (3.63) | 3.11 | 17.76 | 120.98 | |||
| CHRHF | 1.42 | 0.69 | 0.00 | (1.45) | 0.00 | 3.57 | 34.92 | |||
| ANZLY | 0.78 | (0.14) | 0.00 | (0.48) | 0.00 | 1.34 | 24.37 | |||
| BIRDF | 1.37 | 0.40 | 0.16 | 3.37 | 1.37 | 3.38 | 7.56 | |||
| BTGRF | 0.35 | (0.19) | 0.00 | 10.59 | 0.00 | 0.00 | 11.79 | |||
| GRGCF | 1.08 | 0.54 | 0.00 | (1.06) | 0.00 | 3.93 | 20.36 | |||
| KIERF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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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 |