SNC Lavalin Correlations

ATRL Stock   74.29  0.34  0.46%   
The current 90-days correlation between SNC Lavalin Group and WSP Global is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SNC Lavalin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SNC Lavalin Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SNC Lavalin Correlation With Market

Good diversification

The correlation between SNC Lavalin Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SNC Lavalin Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SNC Lavalin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SNC Lavalin 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 SNC Lavalin - 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 SNC Lavalin Group to buy it.

Moving together with SNC Stock

  0.67WSP WSP GlobalPairCorr
  0.88STN StantecPairCorr
  0.85ARE Aecon GroupPairCorr
  0.62BDT Bird ConstructionPairCorr
  0.79DRT DIRTT EnvironmentalPairCorr
  0.69E Enterprise GroupPairCorr
  0.69ELF E L FinancialPairCorr
  0.82TPX-B Molson Coors CanadaPairCorr
  0.89FFH Fairfax FinancialPairCorr
  0.81FFH-PF Fairfax FinancialPairCorr
  0.8FFH-PJ Fairfax FinancialPairCorr
  0.81FFH-PM Fairfax FinancialPairCorr
  0.9FFH-PD Fairfax FinancialPairCorr
  0.8FFH-PH Fairfax FinancialPairCorr
  0.87MFC Manulife Financial CorpPairCorr
  0.87MXG Maxim Power CorpPairCorr
  0.68OGC OceanaGoldPairCorr
  0.75TSLA Tesla Inc CDRPairCorr
  0.91HITI High TidePairCorr
  0.77ZOMD Zoomd TechnologiesPairCorr
  0.75WELL WELL Health TechnologiesPairCorr
  0.94FFN North American FinancialPairCorr
  0.8DNG Dynacor Gold MinesPairCorr
  0.81LMN Lumine GroupPairCorr
  0.68TFII TFI InternationalPairCorr
  0.81SHOP ShopifyPairCorr
  0.69MTY MTY Food GroupPairCorr
  0.89DR Medical FacilitiesPairCorr

Moving against SNC Stock

  0.82AEP Atlas Engineered ProductsPairCorr
  0.66ELF-PH E L FinancialPairCorr
  0.67AUUA Aluula CompositesPairCorr
  0.54PIC-A Premium Income SplitPairCorr

Related Correlations Analysis

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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   
ARESTN
ESTN
DRTSTN
DRTBDT
BDTWSP
STNWSP
  
High negative correlations   
AEPARE
AEPSTN
AEPE
AEPDRT
AEPBDT
AEPWSP

Risk-Adjusted Indicators

There is a big difference between SNC Stock performing well and SNC Lavalin 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 SNC Lavalin'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.

Be your own money manager

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

Elected by the shareholders, the SNC Lavalin's board of directors comprises two types of representatives: SNC Lavalin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SNC. The board's role is to monitor SNC Lavalin's management team and ensure that shareholders' interests are well served. SNC Lavalin'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, SNC Lavalin's outside directors are responsible for providing unbiased perspectives on the board's policies.
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James CullensChief OfficerProfile
AndreeClaude BerubeGeneral CounselProfile
Philip HoareChief OfficerProfile
Jeffrey BellChief OfficerProfile