Ag Growth Correlations

AFN Stock

CAD 43.02 0.40 0.94%

The current 90-days correlation between Ag Growth International and Exchange Income is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ag Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ag Growth International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ag Growth Correlation With Market

Good diversification

The correlation between Ag Growth International and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ag Growth International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AFN Stock

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0.84	CHEV	CHEVRON CDR	Pair Corr
0.61	TOU	Tourmaline Oil Corp	Pair Corr
0.66	CBA	Champion Bear Resources	Pair Corr
0.93	BPO-PA	Brookfield Office	Pair Corr
0.88	PHX	PHX Energy Services	Pair Corr
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0.77	MUR	Murchison Minerals Split	Pair Corr
0.79	AUAU	Allegiant Gold Earnings Call Today	Pair Corr
0.61	OM	Osisko Metals	Pair Corr
0.85	CNQ	Canadian Natural Res	Pair Corr
0.93	MXG	Maxim Power Corp	Pair Corr
0.78	CAPT	Capitan Mining	Pair Corr
0.97	LNR	Linamar	Pair Corr
0.74	BLX	Boralex	Pair Corr
0.75	RCI-A	Rogers Communications Earnings Call Tomorrow	Pair Corr
0.95	ET	Evertz Technologies	Pair Corr
0.95	PRL	Propel Holdings	Pair Corr
0.78	RKV	Rakovina Therapeutics Split	Pair Corr
0.93	PWF-PZ	Power Financial Corp	Pair Corr
0.84	SLF-PE	Sun Life Financial	Pair Corr

Moving against AFN Stock

0.9

BRK

Berkshire Hathaway CDR

Pair Corr

Related Correlations Analysis

	EIF	SJ	SPB	NFI	MRE
EIF		0.93	0.81	0.97	0.87	EIF
SJ	0.93		0.89	0.95	0.94	SJ
SPB	0.81	0.89		0.86	0.88	SPB
NFI	0.97	0.95	0.86		0.9	NFI
MRE	0.87	0.94	0.88	0.9		MRE
	EIF	SJ	SPB	NFI	MRE

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Risk-Adjusted Indicators

There is a big difference between AFN Stock performing well and Ag Growth 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 Ag Growth'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
EIF	0.81	0.42	0.28	3.34	0.48	(0.96)	1.91	(1.47)	4.78
SJ	1.01	0.33	0.16	(1.61)	0.78	(1.18)	2.27	(1.58)	7.51
SPB	1.09	0.23	0.04	(1.43)	1.59	(1.23)	2.60	(1.53)	11.93
NFI	1.81	0.79	0.33	6.45	1.28	(2.13)	4.37	(3.91)	16.80
MRE	1.78	0.32	0.10	1.47	2.00	(2.02)	4.82	(4.45)	11.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ag Growth 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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