Otto Energy Correlations

OTTEF Stock

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The correlation of Otto 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.

Otto Energy Correlation With Market

Significant diversification

The correlation between Otto Energy Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Otto Energy Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Otto 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 Otto 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 Otto 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 Otto Energy Limited to buy it.

Moving together with Otto Pink Sheet

0.61	HES	Hess	Pair Corr
0.9	SIGL	Signal Advance	Pair Corr
0.66	HROWM	Harrow Health, 11875	Pair Corr
0.89	WM	Waste Management	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.9	IBM	International Business	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.89	GE	GE Aerospace	Pair Corr

Moving against Otto Pink Sheet

0.77	GLUC	Glucose Health	Pair Corr
0.72	SLF	Sun Life Financial	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.49	CNQ	Canadian Natural Res	Pair Corr
0.8	MSFT	Microsoft	Pair Corr
0.71	MRK	Merck Company	Pair Corr
0.6	CAT	Caterpillar	Pair Corr
0.35	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	PTRVF	VBHI	FTXP	MMEX	ROXIF	KGEIF	ALVOF	EP	SDXEF	ALPS
PTRVF		0.0	0.0	0.17	0.0	0.0	0.34	0.25	-0.32	0.0	PTRVF
VBHI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VBHI
FTXP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FTXP
MMEX	0.17	0.0	0.0		0.0	0.0	0.26	0.47	-0.28	0.0	MMEX
ROXIF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ROXIF
KGEIF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KGEIF
ALVOF	0.34	0.0	0.0	0.26	0.0	0.0		0.21	-0.75	0.0	ALVOF
EP	0.25	0.0	0.0	0.47	0.0	0.0	0.21		-0.21	0.0	EP
SDXEF	-0.32	0.0	0.0	-0.28	0.0	0.0	-0.75	-0.21		0.0	SDXEF
ALPS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ALPS
	PTRVF	VBHI	FTXP	MMEX	ROXIF	KGEIF	ALVOF	EP	SDXEF	ALPS

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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

EP	+ 0.47	MMEX
ALVOF	+ 0.34	PTRVF
ALVOF	+ 0.26	MMEX
EP	+ 0.25	PTRVF
EP	+ 0.21	ALVOF
MMEX	+ 0.17	PTRVF

High negative correlations

SDXEF	- 0.75	ALVOF
SDXEF	- 0.32	PTRVF
SDXEF	- 0.28	MMEX
SDXEF	- 0.21	EP
ALPS	- 0.0	SDXEF
ALPS	- 0.0	EP

Risk-Adjusted Indicators

There is a big difference between Otto Pink Sheet performing well and Otto 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 Otto 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
PTRVF	25.20	9.74	0.16	0.87	18.36	(112.55)	53.85	(48.00)	549.88
VBHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTXP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMEX	8.88	1.87	0.00	(0.38)	0.00	0.00	0.00	0.00	150.00
ROXIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KGEIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALVOF	1.12	(0.03)	0.00	(0.15)	0.00	0.00	3.36	(2.14)	7.16
EP	3.35	0.09	0.01	(0.01)	3.89	(3.68)	8.39	(5.51)	29.41
SDXEF	21.03	9.16	0.00	1.14	0.00	0.00	36.96	(25.45)	576.92
ALPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in Otto 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.

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Otto Energy Corporate Management

Michael BSc	MD Chairman	Profile
BCom BCom	Company Sec	Profile
Sergio Castro	Chief Officer	Profile
Will Armstrong	VP Ventures	Profile
Philip Trajanovich	Commercial Mang	Profile
Kevin BSc	Chief Geophysicist	Profile
Julie Dunmore	Group Controller	Profile

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