Berkeley Energy Correlations

BKLRF Stock

USD 0.40 0.01 2.56%

The current 90-days correlation between Berkeley Energy and Archer Limited is -0.04 (i.e., Good diversification). The correlation of Berkeley 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.

Berkeley Energy Correlation With Market

Good diversification

The correlation between Berkeley Energy and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Berkeley Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Berkeley 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 Berkeley 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 Berkeley 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 Berkeley Energy to buy it.

Moving against Berkeley Pink Sheet

0.4	LION	Lionsgate Studios Holding	Pair Corr
0.38	ABBRF	AbraSilver Resource Corp	Pair Corr
0.31	ALM	Almonty Industries Common	Pair Corr
0.61	OERLF	OC OerlikonAG	Pair Corr
0.5	TENX	Tenax Therapeutics	Pair Corr
0.43	BAFBF	Balfour Beatty plc	Pair Corr
0.4	QNCX	Quince Therapeutics	Pair Corr
0.39	GEFB	Greif Inc	Pair Corr
0.31	NREF	Nexpoint Real Estate	Pair Corr
0.46	MLLGF	Mullen Group	Pair Corr
0.45	AGCC	Agencia Comercial Spirits	Pair Corr
0.37	PGAC	Pantages Capital Acq Symbol Change	Pair Corr
0.36	PDPA	Pearl Diver Credit	Pair Corr
0.34	CBCY	Central Bancompany	Pair Corr
0.33	BLCO	Bausch Lomb Corp	Pair Corr
0.31	MITSY	Mitsui Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EGRAY	ZNOG	SASKF	ARHVF	PTOAF	AUEEF	CCARF	TUWOY	TUWLF	PIFYF
EGRAY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EGRAY
ZNOG	0.0		0.86	0.56	0.09	0.53	0.69	-0.25	-0.08	-0.5	ZNOG
SASKF	0.0	0.86		0.57	0.22	0.66	0.52	-0.14	0.02	-0.46	SASKF
ARHVF	0.0	0.56	0.57		-0.07	0.63	0.09	0.41	0.4	-0.78	ARHVF
PTOAF	0.0	0.09	0.22	-0.07		0.13	0.15	-0.03	-0.05	0.12	PTOAF
AUEEF	0.0	0.53	0.66	0.63	0.13		-0.07	0.29	0.35	-0.41	AUEEF
CCARF	0.0	0.69	0.52	0.09	0.15	-0.07		-0.58	-0.47	-0.3	CCARF
TUWOY	0.0	-0.25	-0.14	0.41	-0.03	0.29	-0.58		0.74	-0.34	TUWOY
TUWLF	0.0	-0.08	0.02	0.4	-0.05	0.35	-0.47	0.74		-0.29	TUWLF
PIFYF	0.0	-0.5	-0.46	-0.78	0.12	-0.41	-0.3	-0.34	-0.29		PIFYF
	EGRAY	ZNOG	SASKF	ARHVF	PTOAF	AUEEF	CCARF	TUWOY	TUWLF	PIFYF

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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

SASKF	+ 0.86	ZNOG
TUWLF	+ 0.74	TUWOY
CCARF	+ 0.69	ZNOG
AUEEF	+ 0.66	SASKF
AUEEF	+ 0.63	ARHVF
ARHVF	+ 0.57	SASKF

High negative correlations

PIFYF	- 0.78	ARHVF
TUWOY	- 0.58	CCARF
PIFYF	- 0.5	ZNOG
TUWLF	- 0.47	CCARF
PIFYF	- 0.46	SASKF
PIFYF	- 0.41	AUEEF

Risk-Adjusted Indicators

There is a big difference between Berkeley Pink Sheet performing well and Berkeley 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 Berkeley 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
EGRAY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZNOG	3.82	1.25	0.20	26.90	3.01	(6.56)	8.57	(5.41)	28.88
SASKF	4.44	0.70	0.14	0.54	4.12	(6.00)	9.76	(7.55)	19.75
ARHVF	0.62	(0.03)	0.00	(1.70)	0.00	0.00	0.00	0.00	21.76
PTOAF	2.42	0.08	0.02	0.21	2.82	(3.07)	4.84	(4.55)	18.81
AUEEF	4.97	0.38	0.03	0.25	5.86	(15.65)	18.18	(15.38)	37.61
CCARF	5.34	1.47	0.21	2.71	4.45	(9.17)	16.67	(8.40)	35.79
TUWOY	5.98	(0.07)	0.00	0.09	0.00	0.00	25.00	(20.00)	58.33
TUWLF	5.65	0.62	0.01	(0.06)	9.93	(29.03)	20.00	(14.29)	105.56
PIFYF	1.91	0.13	0.03	0.36	2.20	(3.22)	4.84	(3.70)	17.03

Be your own money manager

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