Finning International Correlations
| FTT Stock | CAD 40.06 0.21 0.52% |
The correlation of Finning International is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Finning International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Finning International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finning International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. Finning |
The ability to find closely correlated positions to Finning International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Finning International 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 Finning International - 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 Finning International to buy it.
Moving together with Finning Stock
Related Correlations Analysis
JPM | BOFA | TD | RY-PM | RY | RY-PJ | ||
JPM | 0.9 | 0.95 | 0.75 | 0.78 | 0.7 | JPM | |
BOFA | 0.9 | 0.87 | 0.79 | 0.91 | 0.77 | BOFA | |
TD | 0.95 | 0.87 | 0.69 | 0.73 | 0.64 | TD | |
RY-PM | 0.75 | 0.79 | 0.69 | 0.73 | 0.92 | RY-PM | |
RY | 0.78 | 0.91 | 0.73 | 0.73 | 0.81 | RY | |
RY-PJ | 0.7 | 0.77 | 0.64 | 0.92 | 0.81 | RY-PJ | |
JPM | BOFA | TD | RY-PM | RY | RY-PJ |
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Risk-Adjusted Indicators
There is a big difference between Finning Stock performing well and Finning International 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 Finning International'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| JPM | 0.78 | 0.11 | 0.11 | 0.10 | 0.86 | 0.11 | (0.81) | 1.95 | (1.16) | 6.06 |
| BOFA | 1.04 | 0.00 | 0.00 | (0.03) | 0.00 | (0.0009) | 0.00 | 2.07 | (1.96) | 7.26 |
| TD | 0.77 | 0.08 | 0.08 | 0.07 | 1.03 | 0.09 | (0.78) | 1.49 | (1.43) | 4.73 |
| RY-PM | 0.72 | (0.04) | 0.00 | (0.13) | 0.00 | (0.0197) | 0.00 | 1.63 | (1.75) | 10.00 |
| RY | 0.64 | (0.04) | 0.00 | (0.10) | 0.00 | (0.0349) | 0.00 | 1.23 | (1.30) | 3.53 |
| RY-PJ | 0.61 | (0.03) | 0.00 | (0.22) | 0.00 | (0.0127) | 0.00 | 1.33 | (1.30) | 5.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Finning International 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.Did you try this?
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Finning International Corporate Directors
Finning International corporate directors refer to members of a Finning International board of directors. The board of directors generally takes responsibility for the Finning International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Finning International's board members must vote for the resolution. The Finning International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jacynthe Cote | Independent Director | Profile | |
| Michael Wilson | Director | Profile | |
| Nicholas Hartery | Independent Director | Profile | |
| Stuart Levenick | Independent Director | Profile |
Already Invested in Finning International?
The danger of trading Finning International is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Finning International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Finning International. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Finning International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finning International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Finning Stock analysis
When running Finning International's price analysis, check to measure Finning International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Finning International is operating at the current time. Most of Finning International's value examination focuses on studying past and present price action to predict the probability of Finning International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finning International's price. Additionally, you may evaluate how the addition of Finning International to your portfolios can decrease your overall portfolio volatility.
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