Energy Revenue Correlations

ERAO Stock

USD 0.08 0.0001 0.13%

The current 90-days correlation between Energy Revenue Amer and Sound Energy plc is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Energy Revenue moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Revenue Amer moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Energy Revenue Correlation With Market

Very good diversification

The correlation between Energy Revenue Amer and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Revenue Amer and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Energy Pink Sheet

0.62

SUNFF

Sun Life Financial

Pair Corr

Moving against Energy Pink Sheet

0.52	CNQ	Canadian Natural Res	Pair Corr
0.5	GLUC	Glucose Health	Pair Corr
0.45	SLF	Sun Life Financial	Pair Corr
0.4	COP	ConocoPhillips	Pair Corr
0.37	EOG	EOG Resources	Pair Corr
0.37	AA	Alcoa Corp	Pair Corr
0.34	OXY	Occidental Petroleum	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.66	AXP	American Express	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.59	MSFT	Microsoft	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.39	BA	Boeing	Pair Corr
0.35	WMT	Walmart	Pair Corr

Related Correlations Analysis

	GPOR	MGY	VTLE	TPL	CGRA	SNEGF	PRPRF	MMEX	GPRK	CRC
GPOR		0.73	0.73	0.37	0.37	-0.3	0.36	-0.09	0.58	0.58	GPOR
MGY	0.73		0.49	0.35	0.28	-0.37	0.41	-0.06	0.56	0.58	MGY
VTLE	0.73	0.49		0.04	0.46	-0.61	0.26	0.06	0.79	0.81	VTLE
TPL	0.37	0.35	0.04		0.11	0.52	0.52	-0.5	-0.2	-0.32	TPL
CGRA	0.37	0.28	0.46	0.11		-0.21	0.44	0.01	0.52	0.35	CGRA
SNEGF	-0.3	-0.37	-0.61	0.52	-0.21		-0.03	-0.31	-0.75	-0.88	SNEGF
PRPRF	0.36	0.41	0.26	0.52	0.44	-0.03		-0.39	0.19	0.06	PRPRF
MMEX	-0.09	-0.06	0.06	-0.5	0.01	-0.31	-0.39		0.2	0.28	MMEX
GPRK	0.58	0.56	0.79	-0.2	0.52	-0.75	0.19	0.2		0.89	GPRK
CRC	0.58	0.58	0.81	-0.32	0.35	-0.88	0.06	0.28	0.89		CRC
	GPOR	MGY	VTLE	TPL	CGRA	SNEGF	PRPRF	MMEX	GPRK	CRC

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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

CRC	+ 0.89	GPRK
CRC	+ 0.81	VTLE
GPRK	+ 0.79	VTLE
MGY	+ 0.73	GPOR
VTLE	+ 0.73	GPOR
GPRK	+ 0.58	GPOR

High negative correlations

CRC	- 0.88	SNEGF
GPRK	- 0.75	SNEGF
SNEGF	- 0.61	VTLE
MMEX	- 0.5	TPL
MMEX	- 0.39	PRPRF
SNEGF	- 0.37	MGY

Risk-Adjusted Indicators

There is a big difference between Energy Pink Sheet performing well and Energy Revenue 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 Energy Revenue'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
GPOR	1.64	0.10	0.06	0.24	2.22	(1.59)	3.50	(3.31)	13.64
MGY	1.52	0.05	0.04	0.01	2.02	(1.54)	2.88	(3.30)	9.02
VTLE	2.58	(0.38)	0.00	(0.32)	0.00	0.00	4.42	(6.93)	18.53
TPL	2.32	0.22	0.05	0.11	3.68	(2.11)	5.28	(6.91)	14.37
CGRA	11.38	1.16	0.10	1.21	10.31	(16.13)	30.77	(16.67)	107.25
SNEGF	1.97	0.99	0.00	(4.29)	0.00	0.00	0.00	0.00	33.58
PRPRF	15.18	3.87	0.18	0.86	12.88	(30.93)	34.11	(23.57)	304.70
MMEX	8.88	1.87	0.00	(0.38)	0.00	0.00	0.00	0.00	150.00
GPRK	2.44	(0.39)	0.00	(0.78)	0.00	0.00	5.47	(5.28)	14.97
CRC	1.49	(0.26)	0.00	(0.41)	0.00	0.00	3.30	(3.56)	15.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Energy Revenue 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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