Inpex Corp Correlations
| IPXHY Stock | USD 12.77 0.01 0.08% |
The current 90-days correlation between Inpex Corp ADR and Permian Resources is 0.43 (i.e., Very weak diversification). The correlation of Inpex Corp 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.
Inpex Corp Correlation With Market
Average diversification
The correlation between Inpex Corp ADR and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inpex Corp ADR and DJI in the same portfolio, assuming nothing else is changed.
Inpex |
The ability to find closely correlated positions to Inpex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inpex Corp 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 Inpex Corp - 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 Inpex Corp ADR to buy it.
Moving together with Inpex Pink Sheet
| 0.93 | OXY | Occidental Petroleum | PairCorr |
| 0.68 | VLKAF | Volkswagen AG | PairCorr |
| 0.67 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.62 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.67 | VWAPY | Volkswagen AG Pref | PairCorr |
Moving against Inpex Pink Sheet
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.65 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.55 | AXON | Axon Enterprise | PairCorr |
| 0.51 | VRT | Vertiv Holdings | PairCorr |
| 0.45 | NVDA | NVIDIA | PairCorr |
| 0.39 | HNHPF | Hon Hai Precision | PairCorr |
| 0.39 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.76 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.74 | T | ATT Inc Aggressive Push | PairCorr |
| 0.67 | NDAQ | Nasdaq Inc | PairCorr |
| 0.62 | IONQ | IONQ Inc | PairCorr |
| 0.56 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.53 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.46 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.45 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.37 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.35 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.17 | 0.92 | 0.95 | 0.34 | 0.67 | PR | ||
| -0.17 | 0.02 | -0.23 | 0.78 | 0.32 | DVN | ||
| 0.92 | 0.02 | 0.87 | 0.51 | 0.77 | EOG | ||
| 0.95 | -0.23 | 0.87 | 0.25 | 0.57 | CTRA | ||
| 0.34 | 0.78 | 0.51 | 0.25 | 0.63 | FANG | ||
| 0.67 | 0.32 | 0.77 | 0.57 | 0.63 | COP | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Inpex Pink Sheet performing well and Inpex Corp 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 Inpex Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PR | 1.64 | 0.04 | 0.02 | 0.16 | 1.95 | 2.90 | 8.22 | |||
| DVN | 1.31 | (0.30) | 0.00 | (0.38) | 0.00 | 2.14 | 7.08 | |||
| EOG | 1.16 | (0.01) | (0.03) | 0.11 | 1.56 | 1.92 | 9.26 | |||
| CTRA | 1.18 | 0.08 | 0.03 | 0.22 | 1.35 | 2.27 | 8.03 | |||
| FANG | 1.67 | (0.21) | 0.00 | (0.19) | 0.00 | 3.00 | 9.60 | |||
| COP | 1.28 | (0.10) | 0.00 | (0.14) | 0.00 | 2.59 | 11.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Inpex Corp 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?
Run Cryptocurrency Center Now
Cryptocurrency CenterBuild and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
| All Next | Launch Module |
Inpex Corp Corporate Management
| Kimihisa Kittaka | VP of Corporate Strategy and Planning Division, General Manager of Corporate Strategy and Planning Unit, General Manager of Corporate Communication Unit and Executive Officer | Profile | |
| Nobusuke Shimada | Executive Officer, General Manager of Area Business Unit | Profile | |
| Nobuharu Sase | Executive Officer, General Manager of Crude Oil Sales Unit | Profile | |
| Daisuke Yamada | Sr Officer | Profile |