Baselode Energy Correlations

BSENF Stock

USD 0.07 0 5.33%

The current 90-days correlation between Baselode Energy Corp and Anfield Resources is 0.35 (i.e., Weak diversification). The correlation of Baselode 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.

Baselode Energy Correlation With Market

Average diversification

The correlation between Baselode Energy Corp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baselode Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Baselode 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 Baselode 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 Baselode 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 Baselode Energy Corp to buy it.

Moving together with Baselode OTC Stock

0.63

Ecopetrol SA ADR

Pair Corr

Moving against Baselode OTC Stock

0.61	PTAIF	PT Astra International	Pair Corr
0.6	PIFMY	Indofood Sukses Makmur	Pair Corr
0.52	UUUU	Energy Fuels	Pair Corr
0.49	SSNLF	Samsung Electronics	Pair Corr
0.48	CCJ	Cameco Corp	Pair Corr
0.48	UEC	Uranium Energy Corp	Pair Corr
0.43	NXE	NexGen Energy	Pair Corr
0.43	DNN	Denison Mines Corp Aggressive Push	Pair Corr
0.39	LEU	Centrus Energy Buyout Trend	Pair Corr
0.65	VST	Vistra Energy Corp	Pair Corr
0.65	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.61	AAL	American Airlines Fiscal Year End 23rd of January 2025	Pair Corr
0.57	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.55	WLFC	Willis Lease Finance	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.53	WT	WisdomTree	Pair Corr
0.53	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.52	RIOT	Riot Blockchain	Pair Corr
0.52	NNE	Nano Nuclear Energy Trending	Pair Corr
0.44	USM	United States Cellular	Pair Corr
0.39	WTM	White Mountains Insurance	Pair Corr
0.7	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.7	OAKU	Oak Woods Acquisition	Pair Corr
0.66	TATT	Tat Techno	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	ANLDF	PTUUF	AUEEF	ALXEF	AZURF	APAAF	ELVUF	ISENF	LMRXF	DYLLF
ANLDF		0.55	0.34	0.67	0.47	0.27	0.4	0.67	0.87	0.65	ANLDF
PTUUF	0.55		0.02	0.49	0.34	0.16	0.08	0.35	0.58	0.24	PTUUF
AUEEF	0.34	0.02		0.23	0.27	0.5	0.63	0.57	0.39	0.68	AUEEF
ALXEF	0.67	0.49	0.23		0.12	0.11	0.29	0.46	0.59	0.54	ALXEF
AZURF	0.47	0.34	0.27	0.12		0.52	0.28	0.43	0.31	0.21	AZURF
APAAF	0.27	0.16	0.5	0.11	0.52		0.66	0.56	0.21	0.52	APAAF
ELVUF	0.4	0.08	0.63	0.29	0.28	0.66		0.73	0.43	0.78	ELVUF
ISENF	0.67	0.35	0.57	0.46	0.43	0.56	0.73		0.65	0.82	ISENF
LMRXF	0.87	0.58	0.39	0.59	0.31	0.21	0.43	0.65		0.7	LMRXF
DYLLF	0.65	0.24	0.68	0.54	0.21	0.52	0.78	0.82	0.7		DYLLF
	ANLDF	PTUUF	AUEEF	ALXEF	AZURF	APAAF	ELVUF	ISENF	LMRXF	DYLLF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Baselode OTC Stock performing well and Baselode Energy 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 Baselode 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
ANLDF	5.69	1.14	0.07	1.60	5.61	(18.32)	20.00	(12.50)	52.50
PTUUF	5.32	0.33	0.01	(0.30)	5.75	(8.60)	11.76	(11.11)	26.97
AUEEF	5.85	0.88	0.05	0.44	7.21	(20.53)	20.00	(18.18)	62.98
ALXEF	8.70	1.31	0.11	(5.35)	8.61	(11.49)	22.52	(15.64)	78.64
AZURF	7.24	0.48	0.01	(0.15)	8.53	(10.23)	28.40	(15.93)	69.83
APAAF	6.26	0.09	(0.01)	(0.06)	7.50	(7.42)	12.00	(13.64)	48.96
ELVUF	5.47	(0.13)	(0.01)	0.02	6.60	(9.53)	11.54	(14.29)	47.86
ISENF	3.19	0.23	0.04	0.99	3.24	(3.90)	7.78	(4.25)	19.36
LMRXF	3.61	0.65	0.12	(1.67)	3.08	(6.03)	10.53	(5.56)	22.22
DYLLF	3.07	0.14	0.05	0.21	3.65	(3.61)	7.46	(7.35)	17.77

Be your own money manager

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

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC