WildBrain Correlations

WILD Stock

CAD 1.36 0.08 6.25%

The current 90-days correlation between WildBrain and Zoomd Technologies is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WildBrain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WildBrain moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WildBrain Correlation With Market

Modest diversification

The correlation between WildBrain and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WildBrain and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WildBrain Stock

0.82	NFLX	Netflix Inc CDR	Pair Corr
0.83	META	Meta Platforms CDR	Pair Corr
0.62	SSE	Silver Spruce Resources Split	Pair Corr

Moving against WildBrain Stock

0.89	MFC	Manulife Financial Corp	Pair Corr
0.86	LLY	Eli Lilly	Pair Corr
0.83	AAPL	Apple Inc CDR	Pair Corr
0.81	GOOG	Alphabet CDR	Pair Corr
0.81	MUSH	Good Shroom Earnings Call This Week	Pair Corr
0.73	FF	First Mining Gold	Pair Corr
0.7	RDG	Ridgeline Minerals Corp Earnings Call This Week	Pair Corr
0.67	NCX	NorthIsle Copper	Pair Corr
0.67	BDI	Black Diamond Group	Pair Corr
0.65	ELF-PG	E L Financial	Pair Corr
0.64	PGDC	Patagonia Gold Corp Earnings Call This Week	Pair Corr
0.62	NVDA	NVIDIA CDR	Pair Corr
0.62	XOM	EXXON MOBIL CDR	Pair Corr
0.58	EDV	Endeavour Mining Corp	Pair Corr
0.54	ROCK	Rockridge Resources Earnings Call This Week	Pair Corr
0.51	TSLA	Tesla Inc CDR	Pair Corr
0.5	GURU	Guru Organic Energy	Pair Corr
0.46	SRI	Sparton Resources Earnings Call This Week	Pair Corr
0.44	MFL	Mawson Finland	Pair Corr
0.33	CGG	China Gold International	Pair Corr
0.91	FTT	Finning International	Pair Corr
0.9	AUUA	Aluula Composites	Pair Corr
0.88	ZDC	Zedcor Energy	Pair Corr
0.85	IFOS	Itafos Corp	Pair Corr
0.81	TSL	Tree Island Steel	Pair Corr
0.81	CG	Centerra Gold	Pair Corr
0.81	XMF-A	M Split Corp	Pair Corr
0.77	SMY	Search Minerals Earnings Call Today	Pair Corr
0.77	NANO	Nano One Materials	Pair Corr
0.72	QCX	QcX Gold Corp	Pair Corr

Related Correlations Analysis

	QYOU	OAM	ZOMD	CJR-B	NTE	ESE	TBRD	PNC-B	Y	TVA-B
QYOU		-0.07	-0.37	-0.31	-0.23	-0.09	-0.27	-0.28	0.37	-0.33	QYOU
OAM	-0.07		-0.27	0.33	0.68	-0.58	0.72	0.72	-0.6	0.6	OAM
ZOMD	-0.37	-0.27		0.43	0.09	0.38	0.09	0.15	-0.28	0.27	ZOMD
CJR-B	-0.31	0.33	0.43		0.45	-0.01	0.66	0.59	-0.59	0.35	CJR-B
NTE	-0.23	0.68	0.09	0.45		-0.24	0.54	0.74	-0.68	0.67	NTE
ESE	-0.09	-0.58	0.38	-0.01	-0.24		-0.55	-0.55	0.21	-0.29	ESE
TBRD	-0.27	0.72	0.09	0.66	0.54	-0.55		0.88	-0.64	0.6	TBRD
PNC-B	-0.28	0.72	0.15	0.59	0.74	-0.55	0.88		-0.7	0.67	PNC-B
Y	0.37	-0.6	-0.28	-0.59	-0.68	0.21	-0.64	-0.7		-0.69	Y
TVA-B	-0.33	0.6	0.27	0.35	0.67	-0.29	0.6	0.67	-0.69		TVA-B
	QYOU	OAM	ZOMD	CJR-B	NTE	ESE	TBRD	PNC-B	Y	TVA-B

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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

PNC-B	+ 0.88	TBRD
PNC-B	+ 0.74	NTE
TBRD	+ 0.72	OAM
PNC-B	+ 0.72	OAM
NTE	+ 0.68	OAM
TVA-B	+ 0.67	NTE

High negative correlations

Y	- 0.7	PNC-B
TVA-B	- 0.69	Y
Y	- 0.68	NTE
Y	- 0.64	TBRD
Y	- 0.6	OAM
Y	- 0.59	CJR-B

Risk-Adjusted Indicators

There is a big difference between WildBrain Stock performing well and WildBrain 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 WildBrain'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
QYOU	32.68	17.54	1.27	(0.54)	7.86	(77.46)	16.67	(14.29)	99.21
OAM	3.73	(0.28)	0.00	(1.06)	0.00	0.00	8.70	(7.32)	36.90
ZOMD	3.38	(0.11)	0.00	(0.08)	0.00	0.00	8.49	(6.88)	18.55
CJR-B	5.97	(0.45)	0.00	3.45	0.00	0.00	11.11	(20.00)	53.97
NTE	2.62	(0.25)	0.00	0.17	0.00	0.00	9.09	(8.33)	38.46
ESE	8.30	1.32	0.11	(0.22)	6.55	(18.23)	21.43	(11.76)	104.31
TBRD	1.67	(0.55)	0.00	(1.31)	0.00	0.00	3.60	(4.39)	10.87
PNC-B	1.11	(0.58)	0.00	(28.02)	0.00	0.00	0.00	0.00	19.01
Y	0.73	0.08	0.03	(0.25)	0.74	(0.86)	1.44	(1.15)	3.71
TVA-B	2.77	(0.28)	0.00	(0.71)	0.00	0.00	8.93	(7.58)	34.55

Be your own money manager

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

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

Tim Erickson	Executive Worldwide	Profile
James Fielding	Strategic Advisor	Profile
Danielle Neath	Executive Officer	Profile
Nick Gawne	Chief Officer	Profile
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