Petrus Resources Correlations
| PTRUF Stock | USD 1.03 0.00 0.00% |
The current 90-days correlation between Petrus Resources and Seadrill Limited is 0.08 (i.e., Significant diversification). The correlation of Petrus Resources 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.
Petrus Resources Correlation With Market
Good diversification
The correlation between Petrus Resources and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Petrus Resources and DJI in the same portfolio, assuming nothing else is changed.
Petrus |
The ability to find closely correlated positions to Petrus Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrus Resources 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 Petrus Resources - 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 Petrus Resources to buy it.
Moving together with Petrus OTC Stock
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.61 | HD | Home Depot | PairCorr |
| 0.71 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.71 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Petrus OTC Stock
| 0.69 | TPDDF | Talon Energy | PairCorr |
| 0.69 | EPGG | Empire Global Gaming | PairCorr |
| 0.66 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.6 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.54 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.53 | PG | Procter Gamble | PairCorr |
| 0.4 | IMHC | Imperalis Holding Corp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Petrus OTC Stock performing well and Petrus Resources 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 Petrus Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SDRL | 1.96 | (0.18) | 0.00 | (0.07) | 0.00 | 3.83 | 13.44 | |||
| NE | 1.84 | (0.30) | 0.00 | (0.09) | 0.00 | 3.36 | 14.34 | |||
| BORR | 2.48 | (0.87) | 0.00 | (0.51) | 0.00 | 4.02 | 12.96 | |||
| SCRYY | 2.04 | 0.35 | 0.09 | (0.76) | 1.97 | 5.61 | 12.99 | |||
| 444859BR2 | 1.38 | (0.09) | 0.00 | (0.14) | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.11) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.49 | 0.05 | (0.08) | (1.05) | 0.50 | 1.21 | 2.80 | |||
| ABHYX | 0.18 | 0.01 | (0.17) | 0.39 | 0.25 | 0.34 | 1.91 | |||
| ID | 3.87 | 0.90 | 0.17 | 1.45 | 4.00 | 7.89 | 20.54 |
Be your own money manager
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Petrus Resources Corporate Management
Elected by the shareholders, the Petrus Resources' board of directors comprises two types of representatives: Petrus Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Petrus. The board's role is to monitor Petrus Resources' management team and ensure that shareholders' interests are well served. Petrus Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Petrus Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.