Jewett Cameron Correlations
| JCTC Stock | 2.41 0.07 2.82% |
The current 90-days correlation between Jewett Cameron Trading and Dolphin Entertainment is 0.23 (i.e., Modest diversification). The correlation of Jewett Cameron 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.
Jewett Cameron Correlation With Market
Average diversification
The correlation between Jewett Cameron Trading and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jewett Cameron Trading and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Jewett Stock
| 0.72 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.78 | BA | Boeing | PairCorr |
| 0.61 | T | ATT Inc | PairCorr |
| 0.85 | HD | Home Depot | PairCorr |
Moving against Jewett Stock
| 0.84 | PTAIY | Astra International Tbk | PairCorr |
| 0.8 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.79 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.76 | EC | Ecopetrol SA ADR | PairCorr |
| 0.76 | IBM | International Business | PairCorr |
| 0.76 | AXP | American Express | PairCorr |
| 0.74 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.71 | MMM | 3M Company | PairCorr |
| 0.65 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.63 | JNJ | Johnson Johnson | PairCorr |
| 0.53 | INTC | Intel Aggressive Push | PairCorr |
| 0.53 | AA | Alcoa Corp | PairCorr |
| 0.52 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.51 | GE | GE Aerospace | PairCorr |
| 0.5 | BAC | Bank of America | PairCorr |
| 0.47 | TRV | The Travelers Companies | PairCorr |
| 0.43 | TLKMF | Telkom Indonesia Tbk | 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 Jewett Stock performing well and Jewett Cameron 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 Jewett Cameron'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLAY | 2.90 | (0.94) | 0.00 | (0.44) | 0.00 | 5.58 | 21.22 | |||
| ACEL | 1.23 | (0.27) | 0.00 | (0.22) | 0.00 | 2.80 | 7.17 | |||
| GELHY | 1.65 | (0.20) | 0.00 | (0.15) | 0.00 | 3.30 | 11.21 | |||
| UBSFF | 2.21 | (0.59) | 0.00 | (0.32) | 0.00 | 2.50 | 20.77 | |||
| DLPN | 3.70 | 0.58 | 0.14 | 0.25 | 3.95 | 9.85 | 21.98 | |||
| POAHY | 1.21 | (0.09) | 0.00 | (0.09) | 0.00 | 2.15 | 7.86 | |||
| CNCM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Jewett Cameron Corporate Executives
Elected by the shareholders, the Jewett Cameron's board of directors comprises two types of representatives: Jewett Cameron inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jewett. The board's role is to monitor Jewett Cameron's management team and ensure that shareholders' interests are well served. Jewett Cameron'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, Jewett Cameron's outside directors are responsible for providing unbiased perspectives on the board's policies.