Awilco Drilling Correlations

AWLCF Stock

USD 1.81 0.00 0.00%

The current 90-days correlation between Awilco Drilling PLC and Canlan Ice Sports is 0.02 (i.e., Significant diversification). The correlation of Awilco 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.

Awilco Drilling Correlation With Market

Good diversification

The correlation between Awilco Drilling PLC and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Awilco Drilling PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Awilco 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 Awilco 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 Awilco 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 Awilco Drilling PLC to buy it.

Moving against Awilco OTC Stock

0.42	PTEN	Patterson UTI Energy	Pair Corr
0.42	SOC	Sable Offshore Corp	Pair Corr
0.33	ANPMF	Andean Precious Metals	Pair Corr
0.42	HROWM	Harrow Health, 11875	Pair Corr
0.4	ISPOW	Thayer Ventures Acqu	Pair Corr
0.36	MENEF	Mene Inc	Pair Corr
0.36	AEM	Agnico Eagle Mines	Pair Corr

Related Correlations Analysis

	BXP	MPX	JDDSF	PRKS	ISRG	AVY	CNLFF	PYTCF
BXP		0.83	0.56	0.69	0.28	0.64	-0.59	0.54	BXP
MPX	0.83		0.43	0.63	0.39	0.51	-0.43	0.31	MPX
JDDSF	0.56	0.43		0.73	-0.27	0.42	-0.65	0.47	JDDSF
PRKS	0.69	0.63	0.73		0.29	0.51	-0.38	0.22	PRKS
ISRG	0.28	0.39	-0.27	0.29		0.31	0.22	-0.19	ISRG
AVY	0.64	0.51	0.42	0.51	0.31		-0.36	0.22	AVY
CNLFF	-0.59	-0.43	-0.65	-0.38	0.22	-0.36		-0.71	CNLFF
PYTCF	0.54	0.31	0.47	0.22	-0.19	0.22	-0.71		PYTCF
	BXP	MPX	JDDSF	PRKS	ISRG	AVY	CNLFF	PYTCF

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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

MPX	+ 0.83	BXP
PRKS	+ 0.73	JDDSF
PRKS	+ 0.69	BXP
AVY	+ 0.64	BXP
PRKS	+ 0.63	MPX
JDDSF	+ 0.56	BXP

High negative correlations

PYTCF	- 0.71	CNLFF
CNLFF	- 0.65	JDDSF
CNLFF	- 0.59	BXP
CNLFF	- 0.43	MPX
CNLFF	- 0.38	PRKS
CNLFF	- 0.36	AVY

Risk-Adjusted Indicators

There is a big difference between Awilco OTC Stock performing well and Awilco Drilling OTC Stock 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 Awilco 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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BXP	1.62	(0.13)	(0.18)	2.43	(3.90)	9.26
MPX	1.50	(0.15)	(0.29)	3.06	(3.26)	12.51
JDDSF	0.86	(0.47)	2.55	0.00	0.00	19.86
PRKS	1.74	(0.11)	(0.19)	2.71	(3.61)	12.64
ISRG	1.51	(0.05)	(0.11)	2.18	(4.04)	14.53
AVY	1.02	(0.13)	(0.30)	1.60	(2.41)	7.69
CNLFF	0.02	0.00	(0.02)	0.00	0.00	0.68
PYTCF	0.31	(0.08)	0.34	0.00	0.00	10.00

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Our tools can tell you how much better you can do entering a position in Awilco 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.

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Awilco Drilling Corporate Management

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

Roddy Smith	Executive Vice Preseident	Profile
Ian Wilson	Chief Officer	Profile
Cathrine Haavind	Investor Relations Contact Officer	Profile
Eric Jacobs	Interim Officer	Profile

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