Cathedral Energy Correlations

CETEF Stock

USD 3.93 0.07 1.75%

The current 90-days correlation between Cathedral Energy Services and AKITA Drilling is 0.08 (i.e., Significant diversification). The correlation of Cathedral 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.

Cathedral Energy Correlation With Market

Modest diversification

The correlation between Cathedral Energy Services and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cathedral Energy Services and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cathedral 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 Cathedral 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 Cathedral 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 Cathedral Energy Services to buy it.

Moving against Cathedral Pink Sheet

0.73	PG	Procter Gamble	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.51	JNJ	Johnson Johnson	Pair Corr
0.44	ERHE	ERHC Energy	Pair Corr
0.39	KO	Coca Cola	Pair Corr
0.38	T	ATT Inc Aggressive Push	Pair Corr
0.35	HD	Home Depot	Pair Corr

Related Correlations Analysis

	AKTAF	ARHVF	PHXHF	DO	SDRL	NBR	BORR	PTEN
AKTAF		0.26	0.22	0.0	-0.18	0.02	-0.16	0.62	AKTAF
ARHVF	0.26		-0.42	0.0	-0.73	-0.57	-0.77	0.51	ARHVF
PHXHF	0.22	-0.42		0.0	0.68	0.82	0.5	0.2	PHXHF
DO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	DO
SDRL	-0.18	-0.73	0.68	0.0		0.91	0.87	-0.13	SDRL
NBR	0.02	-0.57	0.82	0.0	0.91		0.71	0.05	NBR
BORR	-0.16	-0.77	0.5	0.0	0.87	0.71		-0.16	BORR
PTEN	0.62	0.51	0.2	0.0	-0.13	0.05	-0.16		PTEN
	AKTAF	ARHVF	PHXHF	DO	SDRL	NBR	BORR	PTEN

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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

NBR	+ 0.91	SDRL
BORR	+ 0.87	SDRL
NBR	+ 0.82	PHXHF
BORR	+ 0.71	NBR
SDRL	+ 0.68	PHXHF
PTEN	+ 0.62	AKTAF

High negative correlations

BORR	- 0.77	ARHVF
SDRL	- 0.73	ARHVF
NBR	- 0.57	ARHVF
PHXHF	- 0.42	ARHVF
SDRL	- 0.18	AKTAF
PTEN	- 0.16	BORR

Risk-Adjusted Indicators

There is a big difference between Cathedral Pink Sheet performing well and Cathedral 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 Cathedral 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
AKTAF	1.03	(0.04)	0.00	0.07	0.00	0.00	2.54	(2.54)	9.19
ARHVF	0.78	0.37	0.00	6.52	0.00	0.00	3.70	0.00	10.45
PHXHF	1.01	(0.18)	0.00	(0.51)	0.00	0.00	1.54	(2.31)	9.07
DO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SDRL	1.69	(0.72)	0.00	(2.20)	0.00	0.00	2.76	(4.05)	12.30
NBR	2.62	(0.92)	0.00	(1.15)	0.00	0.00	5.70	(6.16)	14.60
BORR	2.62	(0.61)	0.00	2.56	0.00	0.00	4.61	(4.93)	16.41
PTEN	2.12	0.04	0.02	0.02	2.61	(2.38)	4.18	(4.00)	10.90

Be your own money manager

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

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Cathedral Energy Corporate Management

David Diachok	VP of Sales	Profile
Thomas Connors	CEO Pres	Profile
PEng MBA	Sr Operations	Profile
Chad Robinson	Chief Officer	Profile
Axel Schmidt	VP Technology	Profile
Kevin CA	Director Accounting	Profile

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