Barksdale Resources Correlations

BRKCF Stock

USD 0.09 0.01 10.26%

The current 90-days correlation between Barksdale Resources Corp and Progressive Planet Solutions is 0.28 (i.e., Modest diversification). The correlation of Barksdale Resources 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.

Barksdale Resources Correlation With Market

Good diversification

The correlation between Barksdale Resources Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barksdale Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Barksdale OTC Stock

0.66	GLCNF	Glencore PLC	Pair Corr
0.65	GLNCY	Glencore PLC ADR	Pair Corr
0.75	MRK	Merck Company	Pair Corr
0.61	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Barksdale OTC Stock

0.89	WM	Waste Management	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.72	HROWM	Harrow Health, 11875	Pair Corr
0.69	RIO	Rio Tinto ADR	Pair Corr
0.6	MCD	McDonalds	Pair Corr
0.57	BHP	BHP Group Limited	Pair Corr
0.56	INTC	Intel Sell-off Trend	Pair Corr
0.56	DD	Dupont De Nemours	Pair Corr
0.53	JPM	JPMorgan Chase	Pair Corr
0.52	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.48	TRV	The Travelers Companies	Pair Corr
0.38	RTNTF	Rio Tinto Group	Pair Corr
0.34	WMT	Walmart	Pair Corr

Related Correlations Analysis

	PMMCF	SMREF	ASHXF	ATOXF	NGXXF	AFMJF	MLXEF	MDSQF	ADBRF	UUSAF
PMMCF		0.14	0.35	-0.1	0.31	0.08	0.03	-0.15	-0.05	0.42	PMMCF
SMREF	0.14		-0.09	-0.36	0.22	0.31	-0.26	-0.66	-0.27	0.52	SMREF
ASHXF	0.35	-0.09		-0.72	0.02	0.58	-0.44	0.0	-0.24	0.59	ASHXF
ATOXF	-0.1	-0.36	-0.72		0.03	-0.84	0.76	0.42	0.49	-0.69	ATOXF
NGXXF	0.31	0.22	0.02	0.03		0.13	0.06	0.03	0.18	0.29	NGXXF
AFMJF	0.08	0.31	0.58	-0.84	0.13		-0.91	-0.35	-0.45	0.65	AFMJF
MLXEF	0.03	-0.26	-0.44	0.76	0.06	-0.91		0.3	0.47	-0.52	MLXEF
MDSQF	-0.15	-0.66	0.0	0.42	0.03	-0.35	0.3		0.14	-0.34	MDSQF
ADBRF	-0.05	-0.27	-0.24	0.49	0.18	-0.45	0.47	0.14		-0.38	ADBRF
UUSAF	0.42	0.52	0.59	-0.69	0.29	0.65	-0.52	-0.34	-0.38		UUSAF
	PMMCF	SMREF	ASHXF	ATOXF	NGXXF	AFMJF	MLXEF	MDSQF	ADBRF	UUSAF

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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

MLXEF	+ 0.76	ATOXF
UUSAF	+ 0.65	AFMJF
UUSAF	+ 0.59	ASHXF
AFMJF	+ 0.58	ASHXF
UUSAF	+ 0.52	SMREF
ADBRF	+ 0.49	ATOXF

High negative correlations

MLXEF	- 0.91	AFMJF
AFMJF	- 0.84	ATOXF
ATOXF	- 0.72	ASHXF
UUSAF	- 0.69	ATOXF
MDSQF	- 0.66	SMREF
UUSAF	- 0.52	MLXEF

Risk-Adjusted Indicators

There is a big difference between Barksdale OTC Stock performing well and Barksdale Resources 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 Barksdale Resources' 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
PMMCF	5.04	0.83	0.06	2.52	5.45	(17.48)	16.67	(9.36)	67.15
SMREF	6.09	0.12	0.02	(0.12)	6.15	(10.18)	15.06	(13.08)	47.60
ASHXF	1.03	(0.09)	0.00	0.73	0.00	0.00	0.00	(7.69)	19.44
ATOXF	10.31	2.73	0.28	1.62	7.36	(16.07)	29.59	(15.57)	94.31
NGXXF	1.75	0.14	0.05	0.68	2.35	(1.96)	3.78	(3.84)	13.96
AFMJF	4.09	(1.01)	0.00	(0.44)	0.00	0.00	8.33	(10.53)	44.87
MLXEF	4.63	0.99	0.13	2.83	4.23	(8.64)	20.00	(9.68)	34.09
MDSQF	0.90	0.11	0.00	(0.16)	0.00	0.00	0.00	0.00	21.85
ADBRF	3.85	0.46	0.10	(19.61)	3.73	(5.35)	12.61	(6.72)	36.29
UUSAF	10.30	0.72	0.07	(7.13)	9.57	(14.87)	30.65	(17.19)	75.01

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Our tools can tell you how much better you can do entering a position in Barksdale Resources 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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Barksdale Resources Corporate Management

Elected by the shareholders, the Barksdale Resources' board of directors comprises two types of representatives: Barksdale Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Barksdale. The board's role is to monitor Barksdale Resources' management team and ensure that shareholders' interests are well served. Barksdale Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Barksdale Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.

Pamela White	Co Sec	Profile
Andrew Pooler	VP Devel	Profile
Thomas Simpson	VP Exploration	Profile
Terri Welyki	VP Communications	Profile
Richard BSc	CEO Pres	Profile
BA CA	Chief Officer	Profile

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