Harbour Energy Correlations
| HBRIY Stock | USD 3.09 0.03 0.96% |
The current 90-days correlation between Harbour Energy PLC and Japan Petroleum Exploration is 0.27 (i.e., Modest diversification). The correlation of Harbour 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Harbour Energy Correlation With Market
Good diversification
The correlation between Harbour Energy PLC and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbour Energy PLC and DJI in the same portfolio, assuming nothing else is changed.
Harbour |
The ability to find closely correlated positions to Harbour 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 Harbour 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 Harbour 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 Harbour Energy PLC to buy it.
Moving together with Harbour Pink Sheet
| 0.73 | CNQ | Canadian Natural Res | PairCorr |
| 0.66 | WOPEF | Woodside Petroleum | PairCorr |
| 0.7 | OXY | Occidental Petroleum | PairCorr |
| 0.76 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.65 | PTAIY | Astra International Tbk | PairCorr |
| 0.76 | PTITF | PT Indosat Tbk | PairCorr |
| 0.74 | PIFMF | PT Indofood Sukses | PairCorr |
Moving against Harbour Pink Sheet
| 0.75 | LGCY | Legacy Education | PairCorr |
| 0.43 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.85 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.84 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.77 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.76 | DYAI | Dyadic International | PairCorr |
| 0.71 | NTRA | Natera Inc | PairCorr |
| 0.67 | CSSV | Caspian Services | PairCorr |
| 0.64 | RBCAA | Republic Bancorp | PairCorr |
| 0.62 | CTRN | Citi Trends | PairCorr |
| 0.55 | M | Macys Inc | PairCorr |
| 0.47 | PSQH | PSQ Holdings Trending | PairCorr |
| 0.43 | TRDA | Entrada Therapeutics | PairCorr |
| 0.4 | KITTW | Nauticus Robotics | PairCorr |
| 0.35 | LIEN | Chicago Atlantic BDC, Symbol Change | PairCorr |
| 0.85 | SMLR | Semler Scientific | PairCorr |
| 0.8 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | SUM | Summit Materials | PairCorr |
| 0.77 | C | Citigroup Aggressive Push | PairCorr |
| 0.7 | THCP | Thunder Bridge Capital | PairCorr |
| 0.66 | KKR | KKR Co LP Normal Trading | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Harbour Pink Sheet performing well and Harbour 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 Harbour 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLGYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RGPMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTNOF | 1.16 | (0.22) | 0.00 | 3.42 | 0.00 | 3.81 | 30.11 | |||
| QTEYF | 0.99 | (0.27) | 0.00 | (3.02) | 0.00 | 0.00 | 27.49 | |||
| ITEEF | 2.85 | 0.49 | 0.03 | (0.78) | 3.93 | 6.67 | 61.36 | |||
| PSHIF | 1.22 | (0.44) | 0.00 | (0.55) | 0.00 | 0.00 | 16.52 | |||
| SDTTU | 2.50 | 0.35 | 0.00 | 7.86 | 0.00 | 3.64 | 111.67 | |||
| IPXHY | 1.23 | (0.11) | 0.00 | (15.59) | 0.00 | 2.66 | 7.04 | |||
| CNNEF | 2.25 | (0.13) | 0.00 | (0.07) | 0.00 | 5.69 | 18.22 | |||
| BATL | 4.26 | (1.20) | 0.00 | (0.92) | 0.00 | 11.46 | 54.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Harbour 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.Did you try this?
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Harbour Energy Corporate Management
| Gill Riggs | Chief Officer | Profile | |
| Linda Cook | CEO Director | Profile | |
| Robert Poddubiuk | Technical Director | Profile | |
| Howard Landes | G Director | Profile | |
| Elizabeth Brooks | Head Relations | Profile | |
| Steve Cox | Ex Services | Profile | |
| Alexander Krane | CFO Director | Profile |