Avanti Energy Correlations
| ARGYF Stock | USD 0.09 0.01 11.41% |
The current 90-days correlation between Avanti Energy and Royal Helium is 0.07 (i.e., Significant diversification). The correlation of Avanti 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.
Avanti Energy Correlation With Market
Good diversification
The correlation between Avanti Energy and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avanti Energy and DJI in the same portfolio, assuming nothing else is changed.
Avanti |
The ability to find closely correlated positions to Avanti 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 Avanti 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 Avanti 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 Avanti Energy to buy it.
Moving together with Avanti Pink Sheet
| 0.83 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.8 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.73 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.66 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.82 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.87 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Avanti Pink Sheet
| 0.9 | PTAIF | PT Astra International | PairCorr |
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.89 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.86 | T | ATT Inc Aggressive Push | PairCorr |
| 0.83 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.81 | SSNLF | Samsung Electronics | PairCorr |
| 0.81 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.78 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.74 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.73 | HPQ | HP Inc | PairCorr |
| 0.67 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.4 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.43 | 0.82 | -0.02 | 0.29 | DMEHF | ||
| 0.43 | 0.36 | 0.05 | 0.37 | AVN | ||
| 0.82 | 0.36 | -0.08 | 0.47 | RHCCF | ||
| -0.02 | 0.05 | -0.08 | 0.26 | TTLHF | ||
| 0.29 | 0.37 | 0.47 | 0.26 | HECOF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Avanti Pink Sheet performing well and Avanti 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 Avanti 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DMEHF | 3.92 | 0.05 | (0.01) | 0.59 | 4.61 | 8.70 | 27.72 | |||
| AVN | 4.36 | (0.96) | 0.00 | 2.18 | 0.00 | 8.33 | 27.62 | |||
| RHCCF | 5.48 | (0.50) | 0.00 | (0.14) | 0.00 | 13.89 | 33.69 | |||
| TTLHF | 10.84 | 0.70 | 0.06 | 0.41 | 12.15 | 28.32 | 110.78 | |||
| HECOF | 10.66 | 0.23 | 0.00 | 0.02 | 0.00 | 20.21 | 63.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Avanti 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.Did you try this?
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Avanti Energy Corporate Management
| Carter Chalmers | Director Devel | Profile | |
| George Samper | Special Directors | Profile | |
| Chris Bakker | CEO Director | Profile | |
| Brad Paterson | Chief Officer | Profile | |
| Timothy Berge | VP Devel | Profile | |
| Robin BSc | Pres Director | Profile |