Daybreak Oil Correlations

DBRM Stock

USD 0.0002 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daybreak Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daybreak Oil and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

Moving together with Daybreak Pink Sheet

0.77	VWAPY	Volkswagen AG Pref	Pair Corr
0.75	VLKAF	Volkswagen AG	Pair Corr
0.75	VWAGY	Volkswagen AG 110	Pair Corr
0.73	VLKPF	Volkswagen AG VZO Downward Rally	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr

Moving against Daybreak Pink Sheet

0.75	AMZN	Amazon Inc	Pair Corr
0.74	AXP	American Express	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.72	BA	Boeing	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr
0.58	ACN	Accenture plc	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.48	HNHPF	Hon Hai Precision	Pair Corr
0.47	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.44	WMT	Walmart	Pair Corr

Related Correlations Analysis

	CJAX	BRNGF	ATUUF	CSTPF	CLMEF	ADXRF	AERN	NSLPQ
CJAX		-0.06	0.2	-0.89	0.0	-0.27	0.15	0.0	CJAX
BRNGF	-0.06		0.57	0.05	0.0	-0.3	-0.14	0.0	BRNGF
ATUUF	0.2	0.57		-0.07	0.0	-0.02	-0.07	0.0	ATUUF
CSTPF	-0.89	0.05	-0.07		0.0	0.21	-0.21	0.0	CSTPF
CLMEF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CLMEF
ADXRF	-0.27	-0.3	-0.02	0.21	0.0		0.05	0.0	ADXRF
AERN	0.15	-0.14	-0.07	-0.21	0.0	0.05		0.0	AERN
NSLPQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NSLPQ
	CJAX	BRNGF	ATUUF	CSTPF	CLMEF	ADXRF	AERN	NSLPQ

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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

ATUUF	+ 0.57	BRNGF
ADXRF	+ 0.21	CSTPF
ATUUF	+ 0.2	CJAX
AERN	+ 0.15	CJAX
CSTPF	+ 0.05	BRNGF
AERN	+ 0.05	ADXRF

High negative correlations

CSTPF	- 0.89	CJAX
ADXRF	- 0.3	BRNGF
ADXRF	- 0.27	CJAX
AERN	- 0.21	CSTPF
AERN	- 0.14	BRNGF
AERN	- 0.07	ATUUF

Risk-Adjusted Indicators

There is a big difference between Daybreak Pink Sheet performing well and Daybreak Oil 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 Daybreak Oil'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
CJAX	0.36	0.17	0.00	(1.07)	0.00	0.00	3.14	0.00	4.35
BRNGF	3.39	0.01	0.00	(0.03)	0.00	0.00	0.00	(33.33)	83.33
ATUUF	2.02	0.05	0.05	0.16	1.97	(3.36)	6.74	(3.86)	15.74
CSTPF	2.24	(0.53)	0.00	0.75	0.00	0.00	4.55	(9.37)	29.70
CLMEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADXRF	9.23	2.66	0.00	36.75	0.00	0.00	36.36	(5.36)	158.00
AERN	30.76	16.83	0.00	0.93	0.00	0.00	0.00	0.00	0.00
NSLPQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Daybreak Oil 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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