Alithya Correlations

ALYAF Stock

0.99 0.02 1.98%

The current 90-days correlation between Alithya Group and Appen Limited is 0.02 (i.e., Significant diversification). The correlation of Alithya 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.

Alithya Correlation With Market

Good diversification

The correlation between Alithya Group and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alithya Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alithya Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alithya Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Alithya Stock

0.84	IBM	International Business	Pair Corr
0.69	ACN	Accenture plc	Pair Corr
0.73	INFY	Infosys Ltd ADR	Pair Corr
0.62	NECPY	NEC ADR	Pair Corr
0.64	CGEMY	Capgemini SE ADR	Pair Corr
0.64	CAPMF	Capgemini SE	Pair Corr
0.73	CTSH	Cognizant Technology	Pair Corr

Moving against Alithya Stock

0.64	RNG	Ringcentral Tech Boost	Pair Corr
0.63	GOLD	Gold Inc Symbol Change	Pair Corr
0.62	CSBI	Carroll Shelby Inter	Pair Corr
0.53	EE	Excelerate Energy Earnings Call This Week	Pair Corr
0.52	MT	ArcelorMittal SA ADR	Pair Corr
0.49	CPXWF	Capital Power Earnings Call This Week	Pair Corr
0.48	JOE	St Joe Company	Pair Corr
0.47	OMAB	Grupo Aeroportuario del	Pair Corr
0.45	BCPC	Balchem	Pair Corr
0.41	PSA-PJ	Public Storage	Pair Corr
0.41	NPKI	NPK International	Pair Corr
0.34	SYANY	Sydbank AS ADR	Pair Corr
0.33	FGFI	First Greenwich Financial	Pair Corr
0.32	STLD	Steel Dynamics	Pair Corr
0.31	SRXXF	SPARX Group	Pair Corr
0.76	VICI	VICI Properties Sell-off Trend	Pair Corr
0.69	KJFI	Comjoyful International	Pair Corr
0.67	NPXYY	Nippon Sanso Holdings	Pair Corr
0.62	LPG	Dorian LPG	Pair Corr
0.58	WH	Wyndham Hotels Resorts	Pair Corr
0.45	LSIIF	Lisi SA Earnings Call Today	Pair Corr
0.43	FGBIP	First Guaranty Bancshares	Pair Corr
0.43	KYMR	Kymera Therapeutics Earnings Call Today	Pair Corr
0.41	JBLU	JetBlue Airways Corp	Pair Corr
0.4	SBFFF	SBM Offshore NV Earnings Call Today	Pair Corr

Related Correlations Analysis

	APPEF	CNGFF	DCHIY	FCCN	QSCGF	SDIIF	WONDF	ADPXY	FHGDF	TDMMF
APPEF		0.0	-0.12	0.2	0.0	-0.38	0.46	-0.54	-0.64	-0.31	APPEF
CNGFF	0.0		0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	CNGFF
DCHIY	-0.12	0.0		-0.54	0.0	0.44	-0.74	0.09	0.15	0.2	DCHIY
FCCN	0.2	0.0	-0.54		0.0	-0.79	0.66	-0.02	-0.5	0.32	FCCN
QSCGF	0.0	1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	QSCGF
SDIIF	-0.38	0.0	0.44	-0.79	0.0		-0.63	0.23	0.44	-0.25	SDIIF
WONDF	0.46	0.0	-0.74	0.66	0.0	-0.63		-0.47	-0.43	-0.18	WONDF
ADPXY	-0.54	0.0	0.09	-0.02	0.0	0.23	-0.47		0.31	0.19	ADPXY
FHGDF	-0.64	0.0	0.15	-0.5	0.0	0.44	-0.43	0.31		0.05	FHGDF
TDMMF	-0.31	0.0	0.2	0.32	0.0	-0.25	-0.18	0.19	0.05		TDMMF
	APPEF	CNGFF	DCHIY	FCCN	QSCGF	SDIIF	WONDF	ADPXY	FHGDF	TDMMF

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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

QSCGF	+ 1.0	CNGFF
WONDF	+ 0.66	FCCN
WONDF	+ 0.46	APPEF
SDIIF	+ 0.44	DCHIY
FHGDF	+ 0.44	SDIIF
TDMMF	+ 0.32	FCCN

High negative correlations

SDIIF	- 0.79	FCCN
WONDF	- 0.74	DCHIY
FHGDF	- 0.64	APPEF
WONDF	- 0.63	SDIIF
FCCN	- 0.54	DCHIY
ADPXY	- 0.54	APPEF

Risk-Adjusted Indicators

There is a big difference between Alithya Stock performing well and Alithya 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 Alithya'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
APPEF	4.42	2.00	0.00	(1.59)	0.00	0.00	5.88	(1.89)	145.10
CNGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCHIY	0.29	(0.13)	0.00	(2.67)	0.00	0.00	0.00	0.00	9.76
FCCN	3.27	0.85	0.23	2.02	2.84	(4.53)	8.56	(5.08)	59.62
QSCGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SDIIF	0.27	(0.07)	0.00	0.79	0.00	0.00	0.00	0.00	9.09
WONDF	1.79	0.42	0.06	(1.87)	1.72	(4.95)	5.26	(4.55)	10.82
ADPXY	1.11	(0.56)	0.00	3.34	0.00	0.00	0.00	0.00	35.03
FHGDF	1.61	(0.28)	0.00	(0.10)	0.00	0.00	0.00	0.00	53.33
TDMMF	2.07	(0.25)	0.00	(0.67)	0.00	0.00	0.00	0.00	81.84

Alithya Corporate Management

David Torralbo	Chief Secretary	Profile
Nigel Fonseca	Senior Canada	Profile
Giulia Cirillo	Chief Officer	Profile
John Scandar	Senior Practice	Profile
Bernard Dockrill	Chief Officer	Profile

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