BCE Correlations
| BCE-PA Preferred Stock | CAD 16.24 0.05 0.31% |
The current 90-days correlation between BCE Inc Pref and Bce Inc Pref is 0.39 (i.e., Weak diversification). The correlation of BCE 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.
BCE Correlation With Market
Good diversification
The correlation between BCE Inc Pref and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BCE Inc Pref and DJI in the same portfolio, assuming nothing else is changed.
BCE |
The ability to find closely correlated positions to BCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BCE 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 BCE - 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 BCE Inc Pref to buy it.
Moving together with BCE Preferred Stock
| 0.94 | BCE-PT | Bce Inc Pref | PairCorr |
| 0.92 | BCE-PZ | Bce Inc Pref | PairCorr |
| 0.88 | BCE-PH | Bce Inc Pref | PairCorr |
| 0.87 | BCE-PD | Bce Inc Pref | PairCorr |
| 0.84 | BCE-PJ | Bce Inc Pref | PairCorr |
| 0.92 | BCE-PY | BCE Inc Pref | PairCorr |
| 0.77 | BCE-PB | BCE Inc Pref | PairCorr |
| 0.92 | BCE-PE | Bce Inc Pref | PairCorr |
| 0.68 | TKU | Tarku Resources | PairCorr |
Moving against BCE Preferred Stock
| 0.78 | HUT | Hut 8 Mining | PairCorr |
| 0.76 | RY-PM | Royal Bank | PairCorr |
| 0.72 | ARX | ARC Resources | PairCorr |
| 0.71 | ENS | E Split Corp | PairCorr |
| 0.68 | DGS | Dividend Growth Split | PairCorr |
| 0.67 | ENS-PA | E Split Corp | PairCorr |
| 0.67 | ET | Evertz Technologies | PairCorr |
| 0.64 | ERE-UN | European Residential Real | PairCorr |
| 0.6 | TCS | TECSYS Inc | PairCorr |
| 0.58 | VLE | Valeura Energy | PairCorr |
| 0.58 | CHE-UN | Chemtrade Logistics | PairCorr |
| 0.55 | PEY | Peyto ExplorationDevel | PairCorr |
| 0.46 | FFH-PH | Fairfax Financial | PairCorr |
| 0.43 | ORA | Aura Minerals | PairCorr |
| 0.86 | FSZ | Fiera Capital | PairCorr |
| 0.81 | VBNK | VersaBank | PairCorr |
| 0.81 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.77 | LAC | Lithium Americas Corp | PairCorr |
| 0.75 | CRM | SalesforceCom CDR | PairCorr |
| 0.75 | EIF | Exchange Income | PairCorr |
| 0.75 | MOON | Blue Moon Zinc | PairCorr |
| 0.72 | DFN | Dividend 15 Split | PairCorr |
| 0.7 | AKT-A | AKITA Drilling | PairCorr |
| 0.66 | Y | Yellow Pages Limited | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between BCE Preferred Stock performing well and BCE 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 BCE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VZ | 0.88 | (0.13) | 0.00 | (0.61) | 0.00 | 1.90 | 6.71 | |||
| BCE-PZ | 0.50 | (0.03) | 0.00 | 0.32 | 0.00 | 0.92 | 4.03 | |||
| BCE-PH | 0.41 | (0.10) | 0.00 | 0.96 | 0.00 | 0.82 | 2.52 | |||
| BCE-PD | 0.43 | (0.10) | 0.00 | 1.21 | 0.00 | 0.81 | 3.00 | |||
| BCE-PJ | 0.52 | (0.09) | 0.00 | 0.73 | 0.00 | 1.02 | 5.36 | |||
| BCE-PY | 0.34 | (0.06) | 0.00 | 0.62 | 0.00 | 0.67 | 1.98 | |||
| BCE-PE | 0.32 | (0.09) | 0.00 | 0.81 | 0.00 | 0.62 | 2.49 | |||
| BCE-PA | 0.41 | (0.07) | 0.00 | 2.14 | 0.00 | 0.74 | 2.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BCE 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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BCE Corporate Management
Elected by the shareholders, the BCE's board of directors comprises two types of representatives: BCE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BCE. The board's role is to monitor BCE's management team and ensure that shareholders' interests are well served. BCE'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, BCE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wade Oosterman | Pres Chair | Profile | |
| John Watson | Group AI | Profile | |
| Glen FCMA | CFO VP | Profile | |
| Blaik Kirby | Small Consumer | Profile | |
| Nikki Moffat | Chief Services | Profile | |
| Robert Malcolmson | Ex Officer | Profile | |
| Thane Fotopoulos | VP Relations | Profile |