OrganiGram Holdings Correlations
| OGI Stock | CAD 2.01 0.01 0.50% |
The current 90-days correlation between OrganiGram Holdings and Sangoma Technologies Corp is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OrganiGram Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OrganiGram Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
OrganiGram Holdings Correlation With Market
Significant diversification
The correlation between OrganiGram Holdings and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OrganiGram Holdings and DJI in the same portfolio, assuming nothing else is changed.
OrganiGram |
The ability to find closely correlated positions to OrganiGram Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OrganiGram Holdings 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 OrganiGram Holdings - 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 OrganiGram Holdings to buy it.
Moving together with OrganiGram Stock
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| 0.86 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.69 | AUAU | Allegiant Gold Earnings Call Tomorrow | PairCorr |
| 0.75 | CNQ | Canadian Natural Res | PairCorr |
| 0.62 | OM | Osisko Metals | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between OrganiGram Stock performing well and OrganiGram Holdings 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 OrganiGram Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRU | 1.81 | 0.11 | (0.01) | (5.88) | 2.16 | 4.41 | 12.02 | |||
| STC | 1.89 | 0.27 | 0.11 | 0.49 | 1.79 | 4.01 | 14.39 | |||
| MKO | 1.45 | 0.25 | 0.06 | (4.38) | 1.40 | 3.87 | 11.37 | |||
| XTC | 1.35 | 0.26 | 0.11 | 1.85 | 1.08 | 3.83 | 8.97 | |||
| BCHT | 2.59 | 0.65 | 0.10 | (1.33) | 2.34 | 7.81 | 31.18 | |||
| CU | 0.48 | 0.08 | (0.11) | (0.54) | 0.49 | 0.96 | 3.27 | |||
| SPRX | 1.68 | 0.74 | 0.34 | (3.06) | 1.15 | 4.75 | 10.29 | |||
| GQC | 3.12 | 0.39 | 0.09 | 0.90 | 3.03 | 6.45 | 22.73 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in OrganiGram Holdings 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.Did you try this?
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OrganiGram Holdings Corporate Management
Elected by the shareholders, the OrganiGram Holdings' board of directors comprises two types of representatives: OrganiGram Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OrganiGram. The board's role is to monitor OrganiGram Holdings' management team and ensure that shareholders' interests are well served. OrganiGram Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OrganiGram Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Katrina McFadden | Chief Officer | Profile | |
| Megan McCrae | Senior Communications | Profile | |
| Amy Schwalm | Vice President of Investor Relations | Profile | |
| Matthew Rogers | Vice President - Operations | Profile | |
| CFA CA | Chief Officer | Profile | |
| Julie Chamberlain | Vice President of Marketing | Profile |