Blue Earth Correlations

BERI Stock

USD 0.04 0 2.80%

The current 90-days correlation between Blue Earth Resources and Delek Energy is 0.09 (i.e., Significant diversification). The correlation of Blue Earth 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.

Blue Earth Correlation With Market

Good diversification

The correlation between Blue Earth Resources and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Earth Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Blue Earth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Earth 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 Blue Earth - 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 Blue Earth Resources to buy it.

Moving together with Blue Pink Sheet

0.88	BBAI	BigBearai Holdings Aggressive Push	Pair Corr
0.8	PHX	PHX Minerals	Pair Corr
0.71	NTDOY	Nintendo Co ADR	Pair Corr
0.71	GFAI	Guardforce AI	Pair Corr
0.61	VSTS	Vestis	Pair Corr
0.88	BAOB	Baraboo Bancorporation	Pair Corr
0.91	INVZ	Innoviz Technologies	Pair Corr
0.79	STFS	Star Fashion Culture	Pair Corr
0.94	MIND	Mind Technology	Pair Corr
0.75	ELA	Envela Corp	Pair Corr

Moving against Blue Pink Sheet

0.79	CHHE	China Health Industries	Pair Corr
0.77	NTOIY	Neste Oyj	Pair Corr
0.71	NTOIF	Neste Oyj	Pair Corr
0.63	IMHC	Imperalis Holding Corp	Pair Corr
0.61	MPC	Marathon Petroleum Corp Earnings Call This Week	Pair Corr
0.52	VLO	Valero Energy	Pair Corr
0.45	JXHGF	ENEOS Holdings	Pair Corr
0.44	CTXAY	Ampol Ltd ADR	Pair Corr
0.4	EPGG	Empire Global Gaming	Pair Corr
0.38	GBHPF	Global Hemp Group	Pair Corr
0.47	TPDDF	Talon Energy	Pair Corr
0.59	88339WAA4	WMB 35 15	Pair Corr

Related Correlations Analysis

	DK	PBF	DINO	DKL	VLO	CVI	PSX	MPC	SUN
DK		0.34	0.01	0.6	0.46	0.14	0.27	0.43	0.67	DK
PBF	0.34		0.87	-0.27	0.89	0.57	0.91	0.94	0.43	PBF
DINO	0.01	0.87		-0.65	0.73	0.38	0.91	0.86	0.11	DINO
DKL	0.6	-0.27	-0.65		-0.1	0.02	-0.46	-0.24	0.39	DKL
VLO	0.46	0.89	0.73	-0.1		0.29	0.84	0.91	0.59	VLO
CVI	0.14	0.57	0.38	0.02	0.29		0.32	0.4	0.0	CVI
PSX	0.27	0.91	0.91	-0.46	0.84	0.32		0.91	0.46	PSX
MPC	0.43	0.94	0.86	-0.24	0.91	0.4	0.91		0.45	MPC
SUN	0.67	0.43	0.11	0.39	0.59	0.0	0.46	0.45		SUN
	DK	PBF	DINO	DKL	VLO	CVI	PSX	MPC	SUN

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

MPC	+ 0.94	PBF
PSX	+ 0.91	PBF
PSX	+ 0.91	DINO
MPC	+ 0.91	VLO
MPC	+ 0.91	PSX
VLO	+ 0.89	PBF

High negative correlations

DKL	- 0.65	DINO
PSX	- 0.46	DKL
DKL	- 0.27	PBF
MPC	- 0.24	DKL
VLO	- 0.1	DKL
SUN	- 0.0	CVI

Risk-Adjusted Indicators

There is a big difference between Blue Pink Sheet performing well and Blue Earth 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 Blue Earth'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
DK	2.09	0.16	0.04	(0.50)	2.66	(2.12)	4.28	(4.20)	13.99
PBF	1.89	(0.13)	0.00	(0.26)	0.00	0.00	3.84	(4.74)	11.78
DINO	1.42	(0.26)	0.00	(1.42)	0.00	0.00	2.70	(2.97)	10.71
DKL	0.74	0.23	0.25	1.28	0.45	(0.86)	1.74	(1.20)	4.78
VLO	1.24	0.00	(0.02)	0.03	1.65	(1.19)	2.75	(2.71)	8.18
CVI	2.29	(0.16)	0.00	(0.36)	0.00	0.00	4.26	(4.73)	24.51
PSX	1.13	(0.13)	0.00	(0.24)	0.00	0.00	1.80	(3.43)	10.22
MPC	1.28	(0.04)	0.00	(0.05)	0.00	0.00	3.15	(3.27)	8.87
SUN	0.99	0.11	0.06	0.20	1.32	(0.96)	2.47	(2.07)	7.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blue Earth 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 Stock Screener Now

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.

All Next

Launch Module

Blue Earth Corporate Management

Todd Hardwick	Chief Officer	Profile
Scott Boruff	Chief Officer	Profile
Leo Christiansen	President	Profile
Vincent Guertin	S Director	Profile
Billy Ford	Chief Officer	Profile
Billy Phipps	Chief Officer	Profile
Charles III	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC