Nano One Correlations
| NANO Stock | 0.92 0.01 1.10% |
The current 90-days correlation between Nano One Materials and Constellation Software is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nano One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano One Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Nano One Correlation With Market
Average diversification
The correlation between Nano One Materials and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nano One Materials and DJI in the same portfolio, assuming nothing else is changed.
Nano |
The ability to find closely correlated positions to Nano One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nano One 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 Nano One - 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 Nano One Materials to buy it.
Moving against Nano Stock
| 0.62 | NICU | Magna Mining | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | BOFA | Bank of America | PairCorr |
| 0.53 | WMT | Walmart Inc CDR | PairCorr |
| 0.52 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.46 | AMZN | Amazon CDR | PairCorr |
| 0.36 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.46 | CRM | SalesforceCom CDR | PairCorr |
| 0.44 | ET | Evertz Technologies | PairCorr |
| 0.43 | ENS | E Split Corp | PairCorr |
| 0.4 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.39 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.32 | RY | Royal Bank | PairCorr |
| 0.62 | ERE-UN | European Residential Real | PairCorr |
| 0.62 | ENS-PA | E Split Corp | PairCorr |
| 0.6 | TCS | TECSYS Inc | PairCorr |
| 0.58 | HUT | Hut 8 Mining | PairCorr |
| 0.54 | FFH-PH | Fairfax Financial | PairCorr |
| 0.54 | DBO | D Box Technologies | PairCorr |
Related Correlations Analysis
| 0.64 | 0.88 | 0.82 | 0.87 | 0.62 | 0.71 | CSU | ||
| 0.64 | 0.81 | 0.64 | 0.76 | 0.8 | 0.83 | FTU-PB | ||
| 0.88 | 0.81 | 0.88 | 0.95 | 0.79 | 0.89 | BNS | ||
| 0.82 | 0.64 | 0.88 | 0.88 | 0.79 | 0.81 | FFH-PK | ||
| 0.87 | 0.76 | 0.95 | 0.88 | 0.77 | 0.85 | DFY | ||
| 0.62 | 0.8 | 0.79 | 0.79 | 0.77 | 0.88 | CM-PS | ||
| 0.71 | 0.83 | 0.89 | 0.81 | 0.85 | 0.88 | FTN-PA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Nano Stock performing well and Nano One 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 Nano One'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSU | 1.08 | 0.02 | 0.01 | 0.07 | 1.44 | 1.85 | 7.22 | |||
| FTU-PB | 1.08 | 0.22 | 0.08 | 1.12 | 1.28 | 2.60 | 11.93 | |||
| BNS | 0.58 | 0.09 | 0.07 | 0.33 | 0.72 | 1.33 | 5.33 | |||
| FFH-PK | 0.56 | 0.08 | 0.07 | 1.90 | 0.51 | 1.34 | 6.70 | |||
| DFY | 0.90 | 0.12 | 0.09 | 0.38 | 1.01 | 2.23 | 5.77 | |||
| CM-PS | 0.20 | 0.04 | 0.03 | (1.51) | 0.00 | 0.56 | 1.73 | |||
| FTN-PA | 0.19 | 0.08 | 0.26 | 3.00 | 0.00 | 0.48 | 1.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nano One 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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| All Next | Launch Module |
Nano One Corporate Management
Elected by the shareholders, the Nano One's board of directors comprises two types of representatives: Nano One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nano. The board's role is to monitor Nano One's management team and ensure that shareholders' interests are well served. Nano One'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, Nano One's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dan Blondal | CEO Founder | Profile | |
| Paul Guedes | Director Markets | Profile | |
| CFA MSC | Chief Officer | Profile | |
| Pierre Thibodeau | Senior Manager | Profile | |
| Adam Johnson | Senior Affairs | Profile | |
| CHRP BA | Senior Culture | Profile |