Surge Energy Correlations
| SGY Stock | CAD 5.70 0.01 0.18% |
The current 90-days correlation between Surge Energy and Cardinal Energy is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Surge Energy Correlation With Market
Good diversification
The correlation between Surge Energy and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surge Energy and DJI in the same portfolio, assuming nothing else is changed.
Surge |
The ability to find closely correlated positions to Surge 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 Surge 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 Surge 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 Surge Energy to buy it.
Moving against Surge Stock
| 0.48 | ENS | E Split Corp | PairCorr |
| 0.48 | ENS-PA | E Split Corp | PairCorr |
| 0.43 | NA-PG | National Bank Earnings Call This Week | PairCorr |
| 0.35 | ENB-PFV | Enbridge Pref 5 | 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
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Risk-Adjusted Indicators
There is a big difference between Surge Stock performing well and Surge 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 Surge 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WCP | 1.28 | 0.00 | (0.06) | 0.13 | 1.87 | 2.29 | 7.57 | |||
| CJ | 0.90 | (0.06) | 0.00 | (0.15) | 0.00 | 1.44 | 4.50 | |||
| ATH | 1.68 | (0.11) | 0.00 | (0.20) | 0.00 | 3.13 | 7.82 | |||
| TVE | 1.92 | 0.17 | 0.02 | 1.06 | 2.39 | 3.16 | 10.36 | |||
| BIR | 1.50 | (0.16) | 0.00 | (0.82) | 0.00 | 3.04 | 9.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Surge 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.Did you try this?
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Surge Energy Corporate Executives
Elected by the shareholders, the Surge Energy's board of directors comprises two types of representatives: Surge Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Surge. The board's role is to monitor Surge Energy's management team and ensure that shareholders' interests are well served. Surge Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Surge Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Murray Bye | Chief Operating Officer | Profile |