Life Banc Correlations

LBS Stock  CAD 9.22  0.06  0.66%   
The current 90-days correlation between Life Banc Split and Dividend Growth Split is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Life Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life Banc Split moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Life Banc Correlation With Market

Significant diversification

The correlation between Life Banc Split and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life Banc Split and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Life Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Banc 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 Life Banc - 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 Life Banc Split to buy it.

Moving together with Life Stock

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  0.91JPM JPMorgan ChasePairCorr
  0.93BOFA Bank of AmericaPairCorr
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  0.72AMZN Amazon CDRPairCorr
  0.83WMT Walmart Inc CDRPairCorr
  0.77TCS TECSYS IncPairCorr
  0.63CGG China Gold InternationalPairCorr
  0.8FFH-PF Fairfax FinancialPairCorr
  0.83VBNK VersaBankPairCorr
  0.71RY-PM Royal BankPairCorr
  0.81ERE-UN European Residential RealPairCorr
  0.79CHE-UN Chemtrade LogisticsPairCorr
  0.71EIF Exchange IncomePairCorr
  0.65DBO D Box TechnologiesPairCorr
  0.88Y Yellow Pages LimitedPairCorr
  0.88CRM SalesforceCom CDRPairCorr
  0.76ARX ARC ResourcesPairCorr
  0.92DGS Dividend Growth SplitPairCorr
  0.89LB Laurentian BankPairCorr
  0.89DFN Dividend 15 SplitPairCorr
  0.87ET Evertz TechnologiesPairCorr
  0.77VLE Valeura EnergyPairCorr
  0.84NICU Magna MiningPairCorr
  0.86ENS E Split CorpPairCorr

Moving against Life Stock

  0.85PFE Pfizer Inc CDRPairCorr
  0.62TKU Tarku ResourcesPairCorr
  0.36QTWO Q2 Metals CorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Life Stock performing well and Life Banc 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 Life Banc'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 Life Banc 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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Life Banc Corporate Management

Elected by the shareholders, the Life Banc's board of directors comprises two types of representatives: Life Banc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Life. The board's role is to monitor Life Banc's management team and ensure that shareholders' interests are well served. Life Banc'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, Life Banc's outside directors are responsible for providing unbiased perspectives on the board's policies.
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