Southern Cross Correlations

SOUTF Stock

USD 0.04 0.01 20.21%

The current 90-days correlation between Southern Cross Media and Pieridae Energy Limited is -0.01 (i.e., Good diversification). The correlation of Southern Cross 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.

Southern Cross Correlation With Market

Average diversification

The correlation between Southern Cross Media and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern Cross Media and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Southern Cross could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern Cross 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 Southern Cross - 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 Southern Cross Media to buy it.

Moving together with Southern Pink Sheet

0.67	EOG	EOG Resources	Pair Corr
0.79	BAC	Bank of America Sell-off Trend	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.81	AXP	American Express Sell-off Trend	Pair Corr

Moving against Southern Pink Sheet

0.64	SUNFF	Sun Life Financial	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.52	KO	Coca Cola	Pair Corr
0.45	JNJ	Johnson Johnson	Pair Corr
0.37	INTC	Intel	Pair Corr

Related Correlations Analysis

	PTOAF	ITEEF	GXRFF	GASXF	CJAX	BRNGF	ATUUF	DBRM	CSTPF	CLMEF
PTOAF		0.0	-0.01	0.3	-0.39	0.03	-0.21	-0.1	0.41	0.0	PTOAF
ITEEF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ITEEF
GXRFF	-0.01	0.0		0.17	-0.02	-0.26	0.1	-0.23	0.22	0.0	GXRFF
GASXF	0.3	0.0	0.17		-0.61	0.32	0.32	-0.86	0.77	0.0	GASXF
CJAX	-0.39	0.0	-0.02	-0.61		0.02	0.18	0.54	-0.85	0.0	CJAX
BRNGF	0.03	0.0	-0.26	0.32	0.02		0.55	-0.43	0.04	0.0	BRNGF
ATUUF	-0.21	0.0	0.1	0.32	0.18	0.55		-0.52	-0.07	0.0	ATUUF
DBRM	-0.1	0.0	-0.23	-0.86	0.54	-0.43	-0.52		-0.67	0.0	DBRM
CSTPF	0.41	0.0	0.22	0.77	-0.85	0.04	-0.07	-0.67		0.0	CSTPF
CLMEF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CLMEF
	PTOAF	ITEEF	GXRFF	GASXF	CJAX	BRNGF	ATUUF	DBRM	CSTPF	CLMEF

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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

CSTPF	+ 0.77	GASXF
ATUUF	+ 0.55	BRNGF
DBRM	+ 0.54	CJAX
CSTPF	+ 0.41	PTOAF
BRNGF	+ 0.32	GASXF
ATUUF	+ 0.32	GASXF

High negative correlations

DBRM	- 0.86	GASXF
CSTPF	- 0.85	CJAX
CSTPF	- 0.67	DBRM
CJAX	- 0.61	GASXF
DBRM	- 0.52	ATUUF
DBRM	- 0.43	BRNGF

Risk-Adjusted Indicators

There is a big difference between Southern Pink Sheet performing well and Southern Cross 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 Southern Cross' 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
PTOAF	2.40	0.24	0.05	1.45	2.77	(7.45)	5.56	(5.26)	26.19
ITEEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GXRFF	4.14	0.07	0.02	0.52	4.91	(6.58)	11.60	(10.71)	27.45
GASXF	2.43	(0.11)	0.00	(0.34)	0.00	0.00	6.06	(5.71)	14.96
CJAX	0.32	0.16	0.00	(5.40)	0.00	0.00	0.00	0.00	4.35
BRNGF	4.48	0.76	0.00	3.83	0.00	0.00	0.00	0.00	83.33
ATUUF	1.97	(0.06)	0.00	(0.34)	0.00	0.00	5.78	(3.36)	15.74
DBRM	2.98	1.70	0.00	0.53	0.00	0.00	0.00	0.00	100.00
CSTPF	2.11	(0.20)	0.00	0.23	0.00	0.00	4.55	(6.25)	30.07
CLMEF	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 Southern Cross 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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Southern Cross Corporate Management

Sanjib LLB	Co Sec	Profile
James McFadyen	VP Operations	Profile
PEng MSc	CEO Pres	Profile
Gary PEng	Chief Officer	Profile

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