XXL Energy Correlations

XLEFF Stock

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The current 90-days correlation between XXL Energy Corp and Mexco Energy is -0.05 (i.e., Good diversification). The correlation of XXL 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.

XXL Energy Correlation With Market

Significant diversification

The correlation between XXL Energy Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XXL Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to XXL 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 XXL 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 XXL 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 XXL Energy Corp to buy it.

Moving together with XXL Pink Sheet

0.77	TPDDF	Talon Energy	Pair Corr
0.61	EPGG	Empire Global Gaming	Pair Corr

Moving against XXL Pink Sheet

0.67	HD	Home Depot	Pair Corr
0.59	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.59	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.54	IBM	International Business Sell-off Trend	Pair Corr
0.5	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.49	MSFT	Microsoft Aggressive Push	Pair Corr
0.46	WMT	Walmart Aggressive Push	Pair Corr
0.46	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.43	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.37	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.36	DIS	Walt Disney Aggressive Push	Pair Corr
0.34	HPQ	HP Inc	Pair Corr
0.31	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	PHX	MXC	GRNT	COCBF	PNRG	TXO	CKX	EPSN	CRGY
PHX		-0.1	0.34	-0.11	0.77	-0.17	-0.49	0.53	0.7	PHX
MXC	-0.1		0.01	-0.13	0.05	0.42	0.31	0.51	0.14	MXC
GRNT	0.34	0.01		-0.23	0.63	-0.19	-0.67	0.11	0.72	GRNT
COCBF	-0.11	-0.13	-0.23		0.04	-0.24	-0.1	0.06	0.0	COCBF
PNRG	0.77	0.05	0.63	0.04		-0.2	-0.66	0.65	0.93	PNRG
TXO	-0.17	0.42	-0.19	-0.24	-0.2		0.35	0.38	-0.02	TXO
CKX	-0.49	0.31	-0.67	-0.1	-0.66	0.35		-0.11	-0.64	CKX
EPSN	0.53	0.51	0.11	0.06	0.65	0.38	-0.11		0.67	EPSN
CRGY	0.7	0.14	0.72	0.0	0.93	-0.02	-0.64	0.67		CRGY
	PHX	MXC	GRNT	COCBF	PNRG	TXO	CKX	EPSN	CRGY

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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

CRGY	+ 0.93	PNRG
PNRG	+ 0.77	PHX
CRGY	+ 0.72	GRNT
CRGY	+ 0.7	PHX
CRGY	+ 0.67	EPSN
EPSN	+ 0.65	PNRG

High negative correlations

CKX	- 0.67	GRNT
CKX	- 0.66	PNRG
CRGY	- 0.64	CKX
CKX	- 0.49	PHX
TXO	- 0.24	COCBF
COCBF	- 0.23	GRNT

Risk-Adjusted Indicators

There is a big difference between XXL Pink Sheet performing well and XXL 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 XXL 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
PHX	1.22	0.21	0.05	2.80	1.47	(1.52)	2.42	(2.62)	13.02
MXC	2.25	(0.04)	0.00	(0.07)	0.00	0.00	4.55	(4.12)	18.69
GRNT	1.50	(0.08)	(0.04)	0.04	1.92	(1.55)	2.73	(3.53)	8.05
COCBF	3.01	1.10	0.00	(0.25)	0.00	0.00	0.00	0.00	150.00
PNRG	2.43	0.48	0.22	0.46	1.95	(3.02)	5.88	(4.38)	12.61
TXO	1.13	(0.18)	0.00	(0.24)	0.00	0.00	3.18	(2.75)	7.52
CKX	1.19	(0.04)	0.00	0.32	0.00	0.00	2.72	(3.25)	9.22
EPSN	1.90	0.11	0.00	2.09	2.27	(2.09)	4.46	(3.74)	11.32
CRGY	1.95	0.27	0.10	0.47	2.24	(2.25)	3.45	(3.20)	17.80

Be your own money manager

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