Pinetree Capital Correlations
| PNP Stock | CAD 13.71 0.81 6.28% |
The current 90-days correlation between Pinetree Capital and Laramide Resources is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pinetree Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinetree Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pinetree Capital Correlation With Market
Good diversification
The correlation between Pinetree Capital and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinetree Capital and DJI in the same portfolio, assuming nothing else is changed.
Pinetree |
The ability to find closely correlated positions to Pinetree Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinetree Capital 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 Pinetree Capital - 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 Pinetree Capital to buy it.
Moving together with Pinetree Stock
| 0.68 | GOOG | Alphabet CDR | PairCorr |
| 0.89 | JPM | JPMorgan Chase | PairCorr |
| 0.84 | AMZN | Amazon CDR | PairCorr |
| 0.68 | NVDA | NVIDIA CDR | PairCorr |
| 0.91 | BOFA | Bank of America | PairCorr |
| 0.8 | TD-PFD | Toronto Dominion Bank Earnings Call Today | PairCorr |
Related Correlations Analysis
| 0.84 | -0.47 | 0.75 | 0.88 | LAM | ||
| 0.84 | -0.67 | 0.92 | 0.95 | MGA | ||
| -0.47 | -0.67 | -0.76 | -0.74 | BAY | ||
| 0.75 | 0.92 | -0.76 | 0.92 | URE | ||
| 0.88 | 0.95 | -0.74 | 0.92 | DML | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pinetree Stock performing well and Pinetree Capital 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 Pinetree Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LAM | 4.06 | 0.85 | 0.13 | (1.48) | 3.79 | 12.31 | 27.28 | |||
| MGA | 2.80 | 0.48 | 0.09 | 7.58 | 2.48 | 6.67 | 14.07 | |||
| BAY | 3.85 | (0.99) | 0.00 | (1.25) | 0.00 | 9.09 | 27.55 | |||
| URE | 1.95 | 0.42 | 0.08 | (0.43) | 1.92 | 4.88 | 11.11 | |||
| DML | 2.46 | 0.66 | 0.23 | 2.75 | 1.89 | 6.05 | 16.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pinetree Capital 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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Pinetree Capital Corporate Executives
Elected by the shareholders, the Pinetree Capital's board of directors comprises two types of representatives: Pinetree Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pinetree. The board's role is to monitor Pinetree Capital's management team and ensure that shareholders' interests are well served. Pinetree Capital'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, Pinetree Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Bouffard | Chief Financial Officer | Profile |