Azimut Exploration Correlations

AZMTF Stock

USD 0.45 0.02 4.26%

The current 90-days correlation between Azimut Exploration and A Cap Energy Limited is 0.12 (i.e., Average diversification). The correlation of Azimut Exploration 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.

Azimut Exploration Correlation With Market

Good diversification

The correlation between Azimut Exploration and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azimut Exploration and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Azimut Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azimut Exploration 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 Azimut Exploration - 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 Azimut Exploration to buy it.

Moving together with Azimut OTC Stock

0.76	ATCOL	Atlas Corp	Pair Corr
0.85	PCTTW	PureCycle Technologies	Pair Corr
0.67	ASTSW	AST SpaceMobile	Pair Corr
0.77	SSNLF	Samsung Electronics	Pair Corr
0.64	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	WMT	Walmart Aggressive Push	Pair Corr
0.74	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.8	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Azimut OTC Stock

0.75	CHKEZ	Chesapeake Energy Symbol Change	Pair Corr
0.73	GOEVW	Canoo Holdings	Pair Corr
0.73	SHG	Shinhan Financial	Pair Corr
0.65	CHKEL	Chesapeake Energy Symbol Change	Pair Corr
0.54	MAPSW	WM Technology	Pair Corr
0.5	CHKEW	Chesapeake Energy Symbol Change	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.78	KO	Coca Cola Aggressive Push	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.58	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	EDDYF	CBRSF	AVRTF	ADTLF	APCDF	AUMTF	ASDRF	ALTPF	ARTTF	PMDRF
EDDYF		0.22	0.07	0.13	0.28	0.11	0.17	-0.14	0.08	0.06	EDDYF
CBRSF	0.22		-0.22	0.7	0.29	0.55	0.56	-0.64	-0.53	-0.18	CBRSF
AVRTF	0.07	-0.22		-0.09	-0.11	0.08	0.05	0.49	0.28	0.88	AVRTF
ADTLF	0.13	0.7	-0.09		-0.06	0.41	0.42	-0.42	-0.58	-0.06	ADTLF
APCDF	0.28	0.29	-0.11	-0.06		0.14	0.33	-0.09	0.26	-0.11	APCDF
AUMTF	0.11	0.55	0.08	0.41	0.14		0.36	0.01	-0.08	0.08	AUMTF
ASDRF	0.17	0.56	0.05	0.42	0.33	0.36		-0.46	-0.15	0.05	ASDRF
ALTPF	-0.14	-0.64	0.49	-0.42	-0.09	0.01	-0.46		0.5	0.37	ALTPF
ARTTF	0.08	-0.53	0.28	-0.58	0.26	-0.08	-0.15	0.5		0.26	ARTTF
PMDRF	0.06	-0.18	0.88	-0.06	-0.11	0.08	0.05	0.37	0.26		PMDRF
	EDDYF	CBRSF	AVRTF	ADTLF	APCDF	AUMTF	ASDRF	ALTPF	ARTTF	PMDRF

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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

PMDRF	+ 0.88	AVRTF
ADTLF	+ 0.7	CBRSF
ASDRF	+ 0.56	CBRSF
AUMTF	+ 0.55	CBRSF
ARTTF	+ 0.5	ALTPF
ALTPF	+ 0.49	AVRTF

High negative correlations

ALTPF	- 0.64	CBRSF
ARTTF	- 0.58	ADTLF
ARTTF	- 0.53	CBRSF
ALTPF	- 0.46	ASDRF
ALTPF	- 0.42	ADTLF
AVRTF	- 0.22	CBRSF

Risk-Adjusted Indicators

There is a big difference between Azimut OTC Stock performing well and Azimut Exploration 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 Azimut Exploration'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
EDDYF	5.12	0.33	0.02	0.29	7.73	(24.66)	31.94	(16.53)	87.64
CBRSF	5.03	2.44	0.00	(0.54)	0.00	0.00	0.00	0.00	183.33
AVRTF	2.53	(1.50)	0.00	(0.72)	0.00	0.00	0.00	0.00	84.29
ADTLF	1.73	0.27	0.04	0.93	2.06	(4.70)	4.69	(4.76)	25.51
APCDF	1.38	(0.08)	0.00	0.20	0.00	0.00	0.00	0.00	45.71
AUMTF	0.60	0.05	0.00	(0.34)	0.00	0.00	0.00	0.00	36.67
ASDRF	6.92	1.12	0.03	(2.03)	9.12	(26.44)	33.33	(25.00)	83.33
ALTPF	3.14	(0.24)	0.00	(0.26)	0.00	0.00	7.14	(9.09)	47.17
ARTTF	13.33	1.67	0.05	0.74	15.06	(64.79)	31.91	(35.00)	251.10
PMDRF	1.20	(0.34)	0.00	(0.70)	0.00	0.00	0.00	0.00	40.00

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Our tools can tell you how much better you can do entering a position in Azimut Exploration 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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Azimut Exploration Corporate Management

Elected by the shareholders, the Azimut Exploration's board of directors comprises two types of representatives: Azimut Exploration inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Azimut. The board's role is to monitor Azimut Exploration's management team and ensure that shareholders' interests are well served. Azimut Exploration'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, Azimut Exploration's outside directors are responsible for providing unbiased perspectives on the board's policies.

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