Laredo Oil Correlations

LRDC Stock

USD 0.38 0.02 5.00%

The correlation of Laredo Oil 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.

Laredo Oil Correlation With Market

Significant diversification

The correlation between Laredo Oil and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Laredo Oil and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Laredo 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 Laredo 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 Laredo 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 Laredo Oil to buy it.

Moving together with Laredo Pink Sheet

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0.77	OXSQ	Oxford Square Capital	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.62	CWPS	Conwest Assoc Part	Pair Corr
0.77	BSET	Bassett Furniture	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.77	BACQU	Bleichroeder Acquisition	Pair Corr
0.64	MDLZ	Mondelez International	Pair Corr
0.63	GOTRF	Goliath Resources	Pair Corr
0.75	TD	Toronto Dominion Bank	Pair Corr
0.77	BTT	Blackrock Municipal	Pair Corr
0.81	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.75	FARM	Farmer Bros	Pair Corr
0.7	SGAPY	Singapore Telecommunicatio	Pair Corr
0.78	FREKF	freee KK	Pair Corr
0.71	CIMO	Chimera Investment	Pair Corr
0.66	SR	Spire Inc	Pair Corr
0.75	BJCHY	Beijing Capital Inte Earnings Call This Week	Pair Corr

Moving against Laredo Pink Sheet

0.71	BOWL	Bowlero Corp Symbol Change	Pair Corr
0.57	VFSWW	VinFast Auto	Pair Corr
0.53	VFS	VinFast Auto	Pair Corr
0.41	KB	KB Financial Group	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr
0.66	QMCO	Quantum Trending	Pair Corr
0.49	SES	SES AI Corp	Pair Corr

Related Correlations Analysis

	AETUF	FRHLF	CRNCY	DECPF	PREKF	TNEYF	MEGEF	TRMLF	CRLFF	CPE
AETUF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AETUF
FRHLF	0.0		0.5	0.0	0.83	0.91	0.72	0.7	0.95	0.0	FRHLF
CRNCY	0.0	0.5		0.0	0.49	0.56	0.36	0.41	0.57	0.0	CRNCY
DECPF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DECPF
PREKF	0.0	0.83	0.49	0.0		0.93	0.56	0.54	0.77	0.0	PREKF
TNEYF	0.0	0.91	0.56	0.0	0.93		0.61	0.6	0.88	0.0	TNEYF
MEGEF	0.0	0.72	0.36	0.0	0.56	0.61		0.49	0.63	0.0	MEGEF
TRMLF	0.0	0.7	0.41	0.0	0.54	0.6	0.49		0.75	0.0	TRMLF
CRLFF	0.0	0.95	0.57	0.0	0.77	0.88	0.63	0.75		0.0	CRLFF
CPE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CPE
	AETUF	FRHLF	CRNCY	DECPF	PREKF	TNEYF	MEGEF	TRMLF	CRLFF	CPE

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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

CRLFF	+ 0.95	FRHLF
TNEYF	+ 0.93	PREKF
TNEYF	+ 0.91	FRHLF
CRLFF	+ 0.88	TNEYF
PREKF	+ 0.83	FRHLF
CRLFF	+ 0.77	PREKF

High negative correlations

CPE	- 0.0	CRLFF
CPE	- 0.0	TRMLF
CPE	- 0.0	MEGEF
CPE	- 0.0	TNEYF
CPE	- 0.0	PREKF
CPE	- 0.0	DECPF

Risk-Adjusted Indicators

There is a big difference between Laredo Pink Sheet performing well and Laredo 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 Laredo 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
AETUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRHLF	1.03	0.10	0.11	0.11	1.20	(1.15)	2.12	(2.05)	7.55
CRNCY	3.02	(0.04)	0.01	0.02	4.49	(5.16)	8.12	(13.20)	40.73
DECPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PREKF	1.01	(0.02)	0.00	(0.15)	0.00	0.00	2.31	(2.39)	6.02
TNEYF	1.65	0.06	0.00	(0.02)	0.00	0.00	3.37	(4.13)	10.85
MEGEF	1.98	0.25	0.10	0.34	2.68	(2.08)	3.80	(5.23)	14.55
TRMLF	1.45	0.14	0.15	(3.81)	1.59	(1.54)	3.01	(2.88)	8.29
CRLFF	1.26	0.15	0.12	0.36	1.56	(1.40)	2.67	(2.58)	9.16
CPE	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 Laredo 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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