Cathedral Energy Correlations

CETEF Stock  USD 3.80  0.13  3.31%   
The current 90-days correlation between Cathedral Energy Services and AKITA Drilling is 0.14 (i.e., Average 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

Average diversification

The correlation between Cathedral Energy Services and DJI is 0.18 (i.e., Average 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 together with Cathedral Pink Sheet

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Moving against Cathedral Pink Sheet

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Related Correlations Analysis

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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   
BORRSDRL
NBRSDRL
BORRNBR
NBRPHXHF
SDRLPHXHF
BORRPHXHF
  
High negative correlations   
BORRARHVF
SDRLARHVF
NBRARHVF
PHXHFARHVF
PTENDO
BORRDO

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.

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 DiachokVP of SalesProfile
Thomas ConnorsCEO PresProfile
PEng MBASr OperationsProfile
Chad RobinsonChief OfficerProfile
Axel SchmidtVP TechnologyProfile
Kevin CADirector AccountingProfile