Alligator Energy Correlations
| ALGEF Stock | USD 0.02 0 14.00% |
The current 90-days correlation between Alligator Energy and Aura Energy Limited is -0.17 (i.e., Good diversification). The correlation of Alligator Energy 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.
Alligator Energy Correlation With Market
Significant diversification
The correlation between Alligator Energy Limited 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 Alligator Energy Limited and DJI in the same portfolio, assuming nothing else is changed.
Alligator |
The ability to find closely correlated positions to Alligator Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alligator Energy 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 Alligator Energy - 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 Alligator Energy Limited to buy it.
Moving together with Alligator Pink Sheet
| 0.72 | BHP | BHP Group Limited | PairCorr |
| 0.61 | RIO | Rio Tinto ADR | PairCorr |
| 0.7 | GLCNF | Glencore PLC | PairCorr |
| 0.72 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.71 | SHG | Shinhan Financial | PairCorr |
| 0.74 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Earnings Call Next Week | PairCorr |
| 0.62 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.61 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Alligator Pink Sheet
| 0.74 | MNPR | Monopar Therapeutics Trending | PairCorr |
| 0.72 | MFG | Mizuho Financial Earnings Call Next Week | PairCorr |
| 0.69 | SMFG | Sumitomo Mitsui Financial Earnings Call This Week | PairCorr |
| 0.66 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.66 | MZHOF | Mizuho Financial Earnings Call Next Week | PairCorr |
| 0.62 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.62 | SMFNF | Sumitomo Mitsui Financial Earnings Call This Week | PairCorr |
| 0.32 | DNOW | Now Inc | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.66 | AXP | American Express Earnings Call Tomorrow | PairCorr |
| 0.65 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.6 | DIS | Walt Disney | PairCorr |
| 0.52 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.48 | BAC | Bank of America | PairCorr |
| 0.43 | T | ATT Inc Aggressive Push | PairCorr |
| 0.37 | MSFT | Microsoft Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Alligator Pink Sheet performing well and Alligator Energy 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 Alligator Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AUEEF | 7.26 | 0.70 | 0.03 | 0.32 | 9.09 | 25.00 | 110.75 | |||
| APAAF | 5.71 | 0.31 | 0.03 | (0.54) | 7.21 | 12.00 | 42.95 | |||
| PTUUF | 4.78 | (0.05) | 0.00 | (0.28) | 0.00 | 10.00 | 27.19 | |||
| PENMF | 50.53 | 25.84 | 3.46 | (2.44) | 4.87 | 11.69 | 1,712 | |||
| BKUCF | 11.68 | 2.21 | 0.09 | (0.99) | 11.16 | 33.33 | 58.33 | |||
| AZURF | 7.29 | (0.02) | 0.00 | 0.02 | 9.65 | 21.62 | 65.52 | |||
| ANLDF | 4.28 | (0.16) | 0.00 | (0.11) | 0.00 | 14.29 | 36.67 | |||
| STTDF | 5.05 | 0.30 | 0.04 | (1.43) | 5.55 | 13.78 | 37.80 | |||
| BSENF | 4.20 | (0.30) | 0.00 | (1.16) | 0.00 | 10.00 | 25.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alligator Energy 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 Money Managers Now
Money ManagersScreen money managers from public funds and ETFs managed around the world |
| All Next | Launch Module |