Interfor Correlations

IFSPF Stock

USD 9.52 0.09 0.94%

The current 90-days correlation between Interfor and Canfor is 0.4 (i.e., Very weak diversification). The correlation of Interfor 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.

Interfor Correlation With Market

Average diversification

The correlation between Interfor and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interfor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Interfor Pink Sheet

0.37	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.32	VFSWW	VinFast Auto	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	CFPZF	CFXTF	ICLTF	WFG	UFPI	WFSTF	LIFZF
CFPZF		-0.53	-0.69	0.38	0.5	0.0	-0.17	CFPZF
CFXTF	-0.53		0.43	-0.22	-0.51	0.34	-0.19	CFXTF
ICLTF	-0.69	0.43		-0.05	-0.57	0.02	0.33	ICLTF
WFG	0.38	-0.22	-0.05		0.42	0.13	0.02	WFG
UFPI	0.5	-0.51	-0.57	0.42		-0.18	-0.44	UFPI
WFSTF	0.0	0.34	0.02	0.13	-0.18		-0.34	WFSTF
LIFZF	-0.17	-0.19	0.33	0.02	-0.44	-0.34		LIFZF
	CFPZF	CFXTF	ICLTF	WFG	UFPI	WFSTF	LIFZF

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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

UFPI	+ 0.5	CFPZF
ICLTF	+ 0.43	CFXTF
UFPI	+ 0.42	WFG
WFG	+ 0.38	CFPZF
WFSTF	+ 0.34	CFXTF
LIFZF	+ 0.33	ICLTF

High negative correlations

ICLTF	- 0.69	CFPZF
UFPI	- 0.57	ICLTF
CFXTF	- 0.53	CFPZF
UFPI	- 0.51	CFXTF
LIFZF	- 0.44	UFPI
LIFZF	- 0.34	WFSTF

Risk-Adjusted Indicators

There is a big difference between Interfor Pink Sheet performing well and Interfor 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 Interfor'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
CFPZF	1.41	0.21	(0.04)	(0.30)	1.74	(1.48)	2.52	(2.93)	8.60
CFXTF	2.20	0.66	0.00	(0.22)	0.00	0.00	9.09	0.00	42.73
ICLTF	2.25	(0.20)	0.00	1.01	0.00	0.00	5.26	(7.41)	21.23
WFG	1.35	(0.02)	0.00	0.33	0.00	0.00	2.92	(2.59)	9.44
UFPI	1.59	0.06	(0.11)	0.03	1.92	(1.73)	3.44	(2.90)	9.60
WFSTF	1.62	0.19	0.01	0.84	2.03	(5.12)	6.90	(3.45)	19.72
LIFZF	0.89	(0.03)	(0.11)	0.06	1.51	(0.86)	1.63	(2.19)	9.17

Be your own money manager

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

Ian Fillinger	Sr. VP of Canadian Operations	Profile
Richard Pozzebon	Ex CFO	Profile
Simon Luxmoore	Exec Operations	Profile
Tim Hartnett	VP HR	Profile
Mike Mackay	VP Strategy	Profile
Eric Larouche	VP Operations	Profile
Andrew Horahan	Ex Operations	Profile

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