Sun Residential Correlations
| SRES Stock | CAD 0.05 0.0009 1.83% |
The current 90-days correlation between Sun Residential Real and Choice Properties Real is 0.02 (i.e., Significant diversification). The correlation of Sun Residential 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sun Residential Correlation With Market
Significant diversification
The correlation between Sun Residential Real 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 Sun Residential Real and DJI in the same portfolio, assuming nothing else is changed.
Sun |
The ability to find closely correlated positions to Sun Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Residential 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 Sun Residential - 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 Sun Residential Real to buy it.
Moving together with Sun Stock
| 0.63 | AQN-PD | Algonquin Power Utilities | PairCorr |
| 0.65 | AAPL | Apple Inc CDR | PairCorr |
| 0.68 | QNC | Quantum Numbers | PairCorr |
Moving against Sun Stock
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sun Residential 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?
Run Portfolio Center Now
Portfolio CenterAll portfolio management and optimization tools to improve performance of your portfolios |
| All Next | Launch Module |
Sun Residential Corporate Executives
Elected by the shareholders, the Sun Residential's board of directors comprises two types of representatives: Sun Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sun. The board's role is to monitor Sun Residential's management team and ensure that shareholders' interests are well served. Sun Residential'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, Sun Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.