Canlan Ice Correlations

Pink Sheets . USA . 
Stock . Canlan Ice Sports
CNLFF Stock  USD 2.97  0.00  0.00%   
The current 90-days correlation between Canlan Ice Sports and WiMi Hologram Cloud is 0.17 (i.e., Average diversification). The correlation of Canlan Ice 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.

Canlan Ice Correlation With Market

Significant diversification

The correlation between Canlan Ice Sports and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canlan Ice Sports and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice 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 Canlan Ice - 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 Canlan Ice Sports to buy it.

Moving together with Canlan Pink Sheet

  0.69ANPDY ANTA Sports ProductsPairCorr
  0.61ANPDF ANTA Sports Products Potential GrowthPairCorr
  0.75CUK Carnival Plc ADSPairCorr
  0.86LNNGF Li Ning CompanyPairCorr
  0.66LNNGY Li NingPairCorr
  0.63KB KB Financial GroupPairCorr
  0.66PLTR Palantir Technologies Aggressive PushPairCorr
  0.72INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.83CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.7T ATT Inc Aggressive PushPairCorr
  0.83CSCO Cisco Systems Aggressive PushPairCorr
  0.72HPQ HP IncPairCorr
  0.61BAC Bank of America Aggressive PushPairCorr
  0.73CVX Chevron Corp Sell-off TrendPairCorr

Moving against Canlan Pink Sheet

  0.88OLCLY Oriental LandPairCorr
  0.78BKRKF PT Bank RakyatPairCorr
  0.76SMNNY Shimano Inc ADRPairCorr
  0.76BKRKY Bank RakyatPairCorr
  0.7PPERF Bank Mandiri PerseroPairCorr
  0.68PPERY Bank Mandiri PerseroPairCorr
  0.64SHMDF ShimanoPairCorr
  0.59OLCLF Oriental LandPairCorr
  0.58SHG Shinhan FinancialPairCorr
  0.43NCBDY BANDAI NAMCO HoldingsPairCorr
  0.38PTBRY Bank Negara IndonesiaPairCorr
  0.35PBCRY Bank Central AsiaPairCorr
  0.33WF Woori Financial GroupPairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.66KO Coca Cola Sell-off TrendPairCorr
  0.64JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.46PFE Pfizer Inc Aggressive PushPairCorr
  0.42PG Procter GamblePairCorr

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   
RDCM
+ 0.78
COCO
CSIOY
+ 0.66
STZ
VDKB
+ 0.37
STZ
CSIOY
+ 0.29
WIMI
VDKB
+ 0.18
CSIOY
VDKB
+ 0.12
RDCM
  
High negative correlations   
CSIOY
- 0.75
COCO
CSIOY
- 0.65
RDCM
STZ
- 0.49
COCO
RDCM
- 0.47
STZ
VDKB
- 0.12
COCO
COCO
- 0.07
WIMI

Risk-Adjusted Indicators

There is a big difference between Canlan Pink Sheet performing well and Canlan Ice 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 Canlan Ice'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 Canlan Ice 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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Canlan Ice Corporate Management

Costa KlandianosVP InnovationProfile
Liana GuiryMarketing SalesProfile
Joey StAubinCEO PresProfile
Rita PriceVP OfficerProfile
Michael CPAEx VPProfile
Mark FaubertVP COOProfile
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