Transat AT Correlations

TRZ Stock

CAD 2.61 0.01 0.38%

The current 90-days correlation between Transat AT and Transat AT is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Transat AT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transat AT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Transat AT Correlation With Market

Average diversification

The correlation between Transat AT and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transat AT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Transat Stock

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0.82	AMZN	Amazon CDR	Pair Corr
0.81	UPS	UPS CDR Earnings Call This Week	Pair Corr
0.93	SBUX	Starbucks CDR Earnings Call This Week	Pair Corr
0.82	MXG	Maxim Power Corp	Pair Corr
0.82	PWF-PZ	Power Financial Corp	Pair Corr
0.7	MUR	Murchison Minerals Split	Pair Corr
0.7	CNQ	Canadian Natural Res	Pair Corr
0.93	AUAU	Allegiant Gold Split	Pair Corr
0.84	RCI-A	Rogers Communications	Pair Corr
0.86	RKV	Rakovina Therapeutics Split	Pair Corr
0.65	CBA	Champion Bear Resources	Pair Corr

Moving against Transat Stock

0.87	BRK	Berkshire Hathaway CDR	Pair Corr
0.87	BRK	Berkshire Hathaway CDR	Pair Corr
0.58	UNH	UnitedHealth Group CDR	Pair Corr

Related Correlations Analysis

	TRZBF	NCLH	RCL	CCL	TRIP	CHR	CGX	AC	BBD-B
TRZBF		0.81	0.89	0.88	0.56	0.85	0.65	0.8	0.88	TRZBF
NCLH	0.81		0.95	0.91	0.86	0.9	0.55	0.84	0.93	NCLH
RCL	0.89	0.95		0.98	0.81	0.97	0.73	0.92	0.94	RCL
CCL	0.88	0.91	0.98		0.78	0.96	0.76	0.95	0.91	CCL
TRIP	0.56	0.86	0.81	0.78		0.78	0.47	0.78	0.79	TRIP
CHR	0.85	0.9	0.97	0.96	0.78		0.79	0.93	0.9	CHR
CGX	0.65	0.55	0.73	0.76	0.47	0.79		0.82	0.55	CGX
AC	0.8	0.84	0.92	0.95	0.78	0.93	0.82		0.8	AC
BBD-B	0.88	0.93	0.94	0.91	0.79	0.9	0.55	0.8		BBD-B
	TRZBF	NCLH	RCL	CCL	TRIP	CHR	CGX	AC	BBD-B

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Risk-Adjusted Indicators

There is a big difference between Transat Stock performing well and Transat AT 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 Transat AT'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
TRZBF	2.19	0.94	0.00	1.56	0.00	0.00	10.07	(0.48)	30.94
NCLH	2.14	0.63	0.13	(1.46)	2.36	(2.25)	5.16	(3.91)	13.42
RCL	1.60	0.88	0.46	6.58	0.89	(2.02)	4.16	(1.86)	9.96
CCL	1.82	0.44	0.30	0.37	1.46	(2.20)	6.07	(2.61)	14.53
TRIP	2.42	0.38	0.19	0.38	2.13	(2.98)	6.28	(3.50)	20.03
CHR	1.25	0.31	0.12	5.52	0.96	(1.64)	3.66	(2.04)	8.67
CGX	1.39	0.35	0.09	(1.06)	1.20	(1.73)	3.41	(1.99)	9.48
AC	1.74	0.62	0.34	1.79	0.95	(2.10)	4.11	(2.29)	17.21
BBD-B	1.96	0.98	0.31	3.64	1.80	(2.30)	4.01	(2.36)	22.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Transat AT 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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