Zion Oil Correlations
| ZNOGDelisted Stock | USD 0.07 0 2.14% |
The current 90-days correlation between Zion Oil Gas and Brixton Metals is -0.03 (i.e., Good diversification). The correlation of Zion Oil 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.
Zion Oil Correlation With Market
Good diversification
The correlation between Zion Oil Gas and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zion Oil Gas and DJI in the same portfolio, assuming nothing else is changed.
Zion |
The ability to find closely correlated positions to Zion Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zion Oil 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 Zion Oil - 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 Zion Oil Gas to buy it.
Moving together with Zion OTC Stock
| 0.64 | APA | APA Corporation | PairCorr |
| 0.8 | BRN | Barnwell Industries | PairCorr |
| 0.74 | BRY | Berry Petroleum Corp | PairCorr |
| 0.65 | BTE | Baytex Energy Corp | PairCorr |
| 0.63 | DVN | Devon Energy Sell-off Trend | PairCorr |
| 0.7 | EGY | Vaalco Energy | PairCorr |
| 0.72 | MUR | Murphy Oil Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Zion OTC Stock
| 0.78 | DMLP | Dorchester Minerals | PairCorr |
| 0.78 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.77 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.74 | EQT | EQT Corporation | PairCorr |
| 0.73 | CRK | Comstock Resources | PairCorr |
| 0.7 | DEC | Diversified Energy | PairCorr |
| 0.64 | VIST | Vista Oil Gas | PairCorr |
| 0.57 | AR | Antero Resources Corp | PairCorr |
| 0.57 | EP | Empire Petroleum Corp | PairCorr |
| 0.57 | PR | Permian Resources | PairCorr |
| 0.56 | CRC | California Resources Corp | PairCorr |
| 0.44 | EPSN | Epsilon Energy | PairCorr |
| 0.42 | BSM | Black Stone Minerals | PairCorr |
| 0.36 | VTLE | Vital Energy | PairCorr |
| 0.36 | EOG | EOG Resources | PairCorr |
| 0.33 | SM | SM Energy | PairCorr |
| 0.31 | EPM | Evolution Petroleum | PairCorr |
| 0.75 | TPL | Texas Pacific Land | PairCorr |
| 0.72 | PHX | PHX Minerals | PairCorr |
| 0.66 | RRC | Range Resources Corp | PairCorr |
| 0.66 | VTS | Vitesse Energy | PairCorr |
| 0.65 | HES | Hess | PairCorr |
| 0.61 | NOG | Northern Oil Gas | PairCorr |
| 0.58 | GPOR | Gulfport Energy Operating | PairCorr |
| 0.55 | GPRK | GeoPark | PairCorr |
| 0.49 | STR | Sitio Royalties Corp | PairCorr |
| 0.48 | MGY | Magnolia Oil Gas | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zion OTC Stock performing well and Zion Oil 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 Zion Oil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EEENF | 4.88 | (0.11) | 0.00 | (0.01) | 0.00 | 9.09 | 29.67 | |||
| VBHI | 11.55 | 0.24 | 0.02 | 0.15 | 12.53 | 25.00 | 83.33 | |||
| MDMP | 8.53 | 0.44 | 0.04 | 0.23 | 9.42 | 22.22 | 64.77 | |||
| FTXP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBBXF | 2.75 | (0.22) | 0.00 | 0.23 | 0.00 | 6.00 | 14.44 |
Zion Oil 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 Zion Oil otc stock to make a market-neutral strategy. Peer analysis of Zion Oil could also be used in its relative valuation, which is a method of valuing Zion Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zion Oil Corporate Management
Elected by the shareholders, the Zion Oil's board of directors comprises two types of representatives: Zion Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zion. The board's role is to monitor Zion Oil's management team and ensure that shareholders' interests are well served. Zion Oil'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, Zion Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Brown | Founder Chairman | Profile | |
| Robert Dunn | CEO, VP | Profile | |
| Martin Brauman | Corp VP | Profile | |
| William Avery | G Pres | Profile | |
| CPA Croswell | CFO, VP | Profile | |
| Jeffrey Moskowitz | MD VP | Profile |
Still Interested in Zion Oil Gas?
Investing in delisted otcs can be risky, as the otc stock 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.