Anfield Resources Correlations
| ANLDF Stock | USD 0.09 0.01 5.56% |
The current 90-days correlation between Anfield Resources and Petroleo Brasileiro Petrobras is 0.03 (i.e., Significant diversification). The correlation of Anfield Resources 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.
Anfield Resources Correlation With Market
Significant diversification
The correlation between Anfield Resources 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 Anfield Resources and DJI in the same portfolio, assuming nothing else is changed.
Anfield |
The ability to find closely correlated positions to Anfield Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anfield Resources 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 Anfield Resources - 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 Anfield Resources to buy it.
Moving together with Anfield OTC Stock
| 0.7 | KB | KB Financial Group | PairCorr |
| 0.68 | WMT | Walmart Aggressive Push | PairCorr |
| 0.82 | HPQ | HP Inc | PairCorr |
| 0.84 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.77 | HD | Home Depot | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.63 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Anfield OTC Stock
| 0.57 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.56 | SHG | Shinhan Financial | PairCorr |
| 0.56 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.53 | BCH | Banco De Chile | PairCorr |
| 0.49 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.46 | PG | Procter Gamble | 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
|
Risk-Adjusted Indicators
There is a big difference between Anfield OTC Stock performing well and Anfield Resources 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 Anfield Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBR | 1.24 | (0.06) | 0.00 | (0.11) | 0.00 | 1.92 | 12.42 | |||
| EQNR | 1.49 | (0.07) | 0.00 | (4.60) | 0.00 | 3.30 | 8.46 | |||
| E | 0.95 | (0.12) | 0.00 | (0.75) | 0.00 | 1.63 | 5.15 | |||
| YPF | 2.00 | 0.81 | 0.47 | 1.06 | 1.13 | 4.81 | 10.08 | |||
| EC | 1.38 | (0.36) | 0.00 | (0.80) | 0.00 | 2.46 | 8.46 | |||
| BP | 1.16 | (0.22) | 0.00 | (0.33) | 0.00 | 1.70 | 7.70 | |||
| SHEL | 0.99 | (0.13) | 0.00 | (0.32) | 0.00 | 1.42 | 5.88 | |||
| TTE | 1.00 | (0.21) | 0.00 | (0.76) | 0.00 | 1.62 | 7.40 | |||
| NFG | 0.99 | 0.07 | 0.02 | 0.22 | 1.24 | 2.82 | 8.65 | |||
| TGS | 2.29 | 0.67 | 0.24 | 1.61 | 2.04 | 6.42 | 12.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Anfield Resources 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?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Anfield Resources Corporate Executives
Elected by the shareholders, the Anfield Resources' board of directors comprises two types of representatives: Anfield Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Anfield. The board's role is to monitor Anfield Resources' management team and ensure that shareholders' interests are well served. Anfield Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Anfield Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Laara Shaffer | CFO Sec | Profile |