Peninsula Energy Correlations

PENMF Stock

USD 0.79 0.06 8.22%

The correlation of Peninsula 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.

Peninsula Energy Correlation With Market

Average diversification

The correlation between Peninsula Energy and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peninsula Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Peninsula 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 Peninsula 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 Peninsula 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 Peninsula Energy to buy it.

Moving together with Peninsula OTC Stock

0.71	DECK	Deckers Outdoor	Pair Corr
0.87	AGFY	Agrify Corp Trending	Pair Corr
0.65	OPFI	OppFi Inc	Pair Corr
0.63	FTI	TechnipFMC PLC	Pair Corr

Moving against Peninsula OTC Stock

0.46	PBCRY	Bank Central Asia	Pair Corr
0.42	PPERY	Bank Mandiri Persero	Pair Corr
0.42	BKRKY	Bank Rakyat	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.35	PALAF	Paladin Energy	Pair Corr
0.33	PPERF	Bank Mandiri Persero	Pair Corr
0.31	PBCRF	PT Bank Central	Pair Corr
0.38	PTBRY	Bank Negara Indonesia	Pair Corr

Related Correlations Analysis

	ELVUF	SRUUF	UUUU	KVLQF	BKUCF	BNNLF	BSENF	AUEEF	GVXXF
ELVUF		0.78	0.1	0.48	0.18	0.78	0.31	0.57	0.79	ELVUF
SRUUF	0.78		0.3	0.36	0.26	0.82	0.15	0.58	0.67	SRUUF
UUUU	0.1	0.3		0.65	0.28	0.51	-0.5	0.23	0.22	UUUU
KVLQF	0.48	0.36	0.65		0.39	0.64	-0.1	0.34	0.48	KVLQF
BKUCF	0.18	0.26	0.28	0.39		0.33	0.21	0.18	0.17	BKUCF
BNNLF	0.78	0.82	0.51	0.64	0.33		0.0	0.58	0.77	BNNLF
BSENF	0.31	0.15	-0.5	-0.1	0.21	0.0		0.04	0.11	BSENF
AUEEF	0.57	0.58	0.23	0.34	0.18	0.58	0.04		0.53	AUEEF
GVXXF	0.79	0.67	0.22	0.48	0.17	0.77	0.11	0.53		GVXXF
	ELVUF	SRUUF	UUUU	KVLQF	BKUCF	BNNLF	BSENF	AUEEF	GVXXF

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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

BNNLF	+ 0.82	SRUUF
GVXXF	+ 0.79	ELVUF
SRUUF	+ 0.78	ELVUF
BNNLF	+ 0.78	ELVUF
GVXXF	+ 0.77	BNNLF
GVXXF	+ 0.67	SRUUF

High negative correlations

BSENF	- 0.5	UUUU
BSENF	- 0.1	KVLQF
BSENF	- 0.0	BNNLF

Risk-Adjusted Indicators

There is a big difference between Peninsula OTC Stock performing well and Peninsula Energy OTC Stock 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 Peninsula 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
ELVUF	5.37	0.02	0.01	0.14	6.36	(9.53)	11.54	(14.29)	52.86
SRUUF	1.90	(0.08)	(0.06)	(0.01)	2.30	(1.96)	4.10	(3.93)	12.12
UUUU	3.17	0.54	0.17	0.49	3.24	(3.89)	7.07	(4.92)	22.36
KVLQF	5.99	1.00	0.11	(0.85)	5.28	(7.88)	13.50	(9.19)	44.69
BKUCF	10.95	2.08	0.07	(0.71)	11.26	(27.58)	33.33	(25.00)	58.33
BNNLF	3.30	0.13	0.06	0.21	3.31	(3.96)	8.40	(5.48)	19.20
BSENF	4.81	(0.56)	0.00	(0.61)	0.00	0.00	11.11	(11.22)	36.36
AUEEF	5.85	1.03	0.05	0.89	7.21	(20.53)	20.00	(18.18)	77.42
GVXXF	7.34	0.70	0.05	(13.46)	9.03	(9.36)	16.00	(12.00)	114.51

Be your own money manager

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