A W Correlations

AW Stock

40.38 1.11 2.83%

The current 90-days correlation between A W FOOD and Laurentian Bank is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as A W moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A W FOOD moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

A W Correlation With Market

Average diversification

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

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

Moving together with A W Stock

0.76	SBUX	Starbucks CDR Earnings Call This Week	Pair Corr
0.76	BPF-UN	Boston Pizza Royalties	Pair Corr
0.68	SRV-UN	SIR Royalty Income	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr
0.69	BOFA	Bank of America	Pair Corr
0.66	CITI	CITIGROUP CDR	Pair Corr
0.83	RY	Royal Bank	Pair Corr
0.95	TD	Toronto Dominion Bank	Pair Corr
0.66	RY-PO	Royal Bank	Pair Corr
0.89	RY-PM	Royal Bank	Pair Corr
0.75	RY-PN	Royal Bank	Pair Corr

Moving against A W Stock

0.74	MCDS	McDonalds Corp CDR Earnings Call This Week	Pair Corr
0.4	MTY	MTY Food Group	Pair Corr

Related Correlations Analysis

	LB	SDI	OLY	FTN-PA	BNS	ET	ROOF	PPL
LB		-0.1	0.95	0.86	0.95	0.88	0.27	-0.72	LB
SDI	-0.1		-0.11	-0.16	-0.16	-0.22	-0.35	0.02	SDI
OLY	0.95	-0.11		0.8	0.93	0.84	0.24	-0.68	OLY
FTN-PA	0.86	-0.16	0.8		0.94	0.93	0.31	-0.67	FTN-PA
BNS	0.95	-0.16	0.93	0.94		0.94	0.33	-0.71	BNS
ET	0.88	-0.22	0.84	0.93	0.94		0.39	-0.75	ET
ROOF	0.27	-0.35	0.24	0.31	0.33	0.39		-0.2	ROOF
PPL	-0.72	0.02	-0.68	-0.67	-0.71	-0.75	-0.2		PPL
	LB	SDI	OLY	FTN-PA	BNS	ET	ROOF	PPL

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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

OLY	+ 0.95	LB
BNS	+ 0.95	LB
BNS	+ 0.94	FTN-PA
ET	+ 0.94	BNS
BNS	+ 0.93	OLY
ET	+ 0.93	FTN-PA

High negative correlations

PPL	- 0.75	ET
PPL	- 0.72	LB
PPL	- 0.71	BNS
PPL	- 0.68	OLY
PPL	- 0.67	FTN-PA
ROOF	- 0.35	SDI

Risk-Adjusted Indicators

There is a big difference between A W Stock performing well and A W 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 A W'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
LB	0.59	0.27	0.08	(6.09)	0.00	(0.68)	1.18	(0.83)	7.57
SDI	2.61	0.07	0.00	0.11	0.00	0.00	7.69	(7.14)	27.88
OLY	0.79	0.30	0.08	(3.52)	0.57	(0.90)	1.88	(1.69)	6.53
FTN-PA	0.23	0.07	(0.33)	1.85	0.00	(0.29)	0.68	(0.37)	1.86
BNS	0.43	0.29	0.14	(1.81)	0.00	(0.54)	1.08	(0.55)	2.71
ET	0.78	0.19	0.04	1.05	0.56	(0.97)	1.83	(1.59)	4.38
ROOF	2.32	0.18	0.00	1.17	2.39	(4.05)	5.71	(5.41)	22.40
PPL	0.81	0.00	0.00	0.23	0.00	0.00	1.35	(1.82)	7.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in A W 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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A W Corporate Management

Elected by the shareholders, the A W's board of directors comprises two types of representatives: A W inside directors who are chosen from within the company, and outside directors, selected externally and held independent of A W. The board's role is to monitor A W's management team and ensure that shareholders' interests are well served. A W'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, A W's outside directors are responsible for providing unbiased perspectives on the board's policies.

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