Whiting Petroleum Correlations

Delisted . USA . 
Stock . Whiting Petroleum
WLLAWDelisted Stock  USD 22.00  0.60  2.80%   
The current 90-days correlation between Whiting Petroleum and Whiting Petroleum is -0.04 (i.e., Good diversification). The correlation of Whiting Petroleum 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Whiting Petroleum Correlation With Market

Good diversification

The correlation between Whiting Petroleum and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Whiting Petroleum and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Whiting Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Whiting Petroleum 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 Whiting Petroleum - 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 Whiting Petroleum to buy it.

Moving together with Whiting Pink Sheet

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Moving against Whiting Pink Sheet

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Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CHRD
+ 0.83
WLLBW
VTOL
+ 0.56
CHRD
PBFS
+ 0.52
VTOL
PBFS
+ 0.38
CRCQW
VTOL
+ 0.11
WLLBW
CRCQW
+ 0.07
VTOL
  
High negative correlations   
CRCQW
- 0.59
WLLBW
CRCQW
- 0.5
CHRD
PBFS
- 0.5
WLLBW
PBFS
- 0.19
CHRD

Risk-Adjusted Indicators

There is a big difference between Whiting Pink Sheet performing well and Whiting Petroleum 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 Whiting Petroleum'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.

Whiting Petroleum Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Whiting Petroleum pink sheet to make a market-neutral strategy. Peer analysis of Whiting Petroleum could also be used in its relative valuation, which is a method of valuing Whiting Petroleum by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Whiting Petroleum Corporate Management

Lynn PetersonIndependent ChairmanProfile
Scott ReganGen VPProfile
Jason SwarenVP ExecutionProfile
Charles RimerEx COOProfile
Lara KrollVP AccountingProfile
Richard RobuckSVP IRProfile
Daniel BrownCEO PresProfile

Still Interested in Whiting Petroleum?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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