Methes Energies Correlations
| MEILDelisted Stock | USD 0.07 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Methes Energies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methes Energies International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Methes Energies Correlation With Market
Good diversification
The correlation between Methes Energies International and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Methes Energies International and DJI in the same portfolio, assuming nothing else is changed.
Methes |
The ability to find closely correlated positions to Methes Energies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methes Energies 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 Methes Energies - 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 Methes Energies International to buy it.
Moving together with Methes Pink Sheet
| 0.62 | CC | Chemours | PairCorr |
| 0.67 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.7 | ALB-PA | Albemarle | PairCorr |
| 0.69 | ALB | Albemarle Corp | PairCorr |
| 0.74 | APD | Air Products | PairCorr |
| 0.68 | CBT | Cabot | PairCorr |
| 0.62 | ECL | Ecolab Inc | PairCorr |
| 0.69 | EMN | Eastman Chemical Earnings Call This Week | PairCorr |
| 0.67 | LIN | Linde plc Ordinary | PairCorr |
| 0.62 | LYB | LyondellBasell Industries | PairCorr |
| 0.66 | OLN | Olin Earnings Call Today | PairCorr |
| 0.64 | RPM | RPM International | PairCorr |
| 0.61 | SCL | Stepan Company | PairCorr |
| 0.66 | SHW | Sherwin Williams Earnings Call This Week | PairCorr |
| 0.62 | SSL | Sasol | PairCorr |
| 0.64 | SXT | Sensient Technologies | PairCorr |
Moving against Methes Pink Sheet
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WBBA | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | OCLG | ||
| 0.0 | 0.0 | 0.0 | -0.21 | 0.0 | -0.12 | BCII | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | AVNY | ||
| 0.0 | 0.0 | -0.21 | 0.0 | 0.0 | 0.0 | AOAO | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | APNCW | ||
| 0.0 | 0.0 | -0.12 | 0.0 | 0.0 | 0.0 | ATAQF | ||
| 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 Methes Pink Sheet performing well and Methes Energies 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 Methes Energies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WBBA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OCLG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCII | 10.47 | 1.46 | 0.08 | (0.96) | 11.27 | 27.78 | 70.00 | |||
| AVNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOAO | 1.09 | (0.53) | 0.00 | 9.27 | 0.00 | 0.00 | 36.55 | |||
| APNCW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATAQF | 136.02 | 81.16 | 0.00 | 7.09 | 0.00 | 422.22 | 989.36 |
Methes Energies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Methes Energies pink sheet to make a market-neutral strategy. Peer analysis of Methes Energies could also be used in its relative valuation, which is a method of valuing Methes Energies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Methes Energies Corporate Executives
Elected by the shareholders, the Methes Energies' board of directors comprises two types of representatives: Methes Energies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Methes. The board's role is to monitor Methes Energies' management team and ensure that shareholders' interests are well served. Methes Energies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Methes Energies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johann Loewen | Co-Founder and VP of Operations | Profile | |
| Edward Stoltenberg | CFO and Secretary | Profile |
Still Interested in Methes Energies International?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.