AKITA Drilling Correlations
| AKT-A Stock | CAD 1.74 0.07 4.19% |
The correlation of AKITA Drilling 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.
AKITA Drilling Correlation With Market
Good diversification
The correlation between AKITA Drilling and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AKITA Drilling and DJI in the same portfolio, assuming nothing else is changed.
AKITA |
The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling 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 AKITA Drilling - 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 AKITA Drilling to buy it.
Moving together with AKITA Stock
Moving against AKITA Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between AKITA Stock performing well and AKITA Drilling 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 AKITA Drilling'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 AKITA Drilling 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 Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
AKITA Drilling Corporate Management
Elected by the shareholders, the AKITA Drilling's board of directors comprises two types of representatives: AKITA Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AKITA. The board's role is to monitor AKITA Drilling's management team and ensure that shareholders' interests are well served. AKITA Drilling'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, AKITA Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Clayton Bourque | Vice Development | Profile | |
| Linda ICDD | Executive Chair | Profile | |
| Lorne Thompson | Vice Operations | Profile | |
| Fred Hensel | VP Operations | Profile |