DeepMarkit Corp Correlations

MKT Stock

CAD 0.20 0.02 11.11%

The current 90-days correlation between DeepMarkit Corp and NVIDIA CDR is -0.07 (i.e., Good diversification). The correlation of DeepMarkit Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

DeepMarkit Corp Correlation With Market

Good diversification

The correlation between DeepMarkit Corp 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 DeepMarkit Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DeepMarkit Stock

0.64	FFH-PH	Fairfax Financial	Pair Corr
0.88	BMO-PE	Bank of Montreal	Pair Corr
0.69	RY-PS	Royal Bank	Pair Corr
0.77	NA	National Bank	Pair Corr
0.83	BCE-PI	BCE Inc Pref	Pair Corr
0.62	WN-PC	George Weston Ser	Pair Corr
0.66	NBY	Niobay Metals	Pair Corr
0.77	BIP-PE	Brookfield Infrastructure	Pair Corr
0.79	CBR	Cabral Gold	Pair Corr
0.85	DRT	DIRTT Environmental	Pair Corr
0.64	VROY	Vizsla Royalties Corp Earnings Call This Week	Pair Corr
0.86	JET	Global Crossing Airlines	Pair Corr
0.68	TD	Toronto Dominion Bank	Pair Corr
0.75	LFE	Canadian Life Companies	Pair Corr
0.72	WJX	Wajax	Pair Corr
0.62	CHR	Chorus Aviation	Pair Corr
0.68	SKYG	Sky Gold Corp	Pair Corr

Related Correlations Analysis

	NVDA	AAPL	MSFT	GOOG	AMZN	MSFT	NVDA	AAPL	AVGO	META
NVDA		0.67	0.56	0.53	0.24	0.56	1.0	0.67	0.48	-0.57	NVDA
AAPL	0.67		0.26	0.89	0.12	0.26	0.67	1.0	0.71	-0.67	AAPL
MSFT	0.56	0.26		0.06	-0.3	1.0	0.56	0.26	0.18	0.19	MSFT
GOOG	0.53	0.89	0.06		0.27	0.06	0.53	0.89	0.89	-0.66	GOOG
AMZN	0.24	0.12	-0.3	0.27		-0.3	0.24	0.12	0.17	-0.37	AMZN
MSFT	0.56	0.26	1.0	0.06	-0.3		0.56	0.26	0.18	0.19	MSFT
NVDA	1.0	0.67	0.56	0.53	0.24	0.56		0.67	0.48	-0.57	NVDA
AAPL	0.67	1.0	0.26	0.89	0.12	0.26	0.67		0.71	-0.67	AAPL
AVGO	0.48	0.71	0.18	0.89	0.17	0.18	0.48	0.71		-0.4	AVGO
META	-0.57	-0.67	0.19	-0.66	-0.37	0.19	-0.57	-0.67	-0.4		META
	NVDA	AAPL	MSFT	GOOG	AMZN	MSFT	NVDA	AAPL	AVGO	META

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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

NVDA	+ 1.0	NVDA
AAPL	+ 1.0	AAPL
MSFT	+ 1.0	MSFT
GOOG	+ 0.89	AAPL
AAPL	+ 0.89	GOOG
AVGO	+ 0.89	GOOG

High negative correlations

META	- 0.67	AAPL
META	- 0.67	AAPL
META	- 0.66	GOOG
META	- 0.57	NVDA
META	- 0.57	NVDA
META	- 0.4	AVGO

Risk-Adjusted Indicators

There is a big difference between DeepMarkit Stock performing well and DeepMarkit Corp 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 DeepMarkit Corp'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
NVDA	1.45	0.07	(0.01)	2.36	1.85	(1.62)	3.81	(3.50)	8.92
AAPL	1.18	0.31	0.18	1.07	1.10	(1.47)	3.91	(2.02)	8.96
MSFT	0.77	(0.11)	0.00	(0.81)	0.00	0.00	1.81	(2.01)	5.23
GOOG	1.28	0.50	0.36	1.49	0.58	(1.56)	3.56	(1.93)	11.26
AMZN	1.35	0.18	0.03	(0.38)	1.62	(1.38)	2.92	(3.15)	12.53
MSFT	0.78	(0.11)	0.00	(0.73)	0.00	0.00	1.81	(2.01)	5.23
NVDA	1.44	0.06	(0.01)	0.46	1.88	(1.52)	3.33	(3.50)	8.92
AAPL	1.19	0.31	0.18	0.96	1.14	(1.45)	3.91	(2.02)	8.96
AVGO	1.82	0.15	0.07	0.26	1.88	(1.99)	3.46	(3.63)	15.65
META	1.25	(0.32)	0.00	37.77	0.00	0.00	2.08	(2.69)	14.53

Be your own money manager

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

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

Garrett Scott	Chief Officer	Profile
CFA CFA	Pres Director	Profile
Alex Parken	Corporate Secretary	Profile
CPA CFA	Chief MintCarbon	Profile
Jack Bogart	Chief Officer	Profile

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