Cadogan Petroleum Correlations

CAD Stock

2.40 0.00 0.00%

The correlation of Cadogan Petroleum 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.

Cadogan Petroleum Correlation With Market

Significant diversification

The correlation between Cadogan Petroleum plc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadogan Petroleum plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cadogan Stock

0.78

0KTI

Enbridge

Pair Corr

Moving against Cadogan Stock

0.79	SMSN	Samsung Electronics	Pair Corr
0.76	SMSD	Samsung Electronics	Pair Corr
0.65	RIGD	Reliance Industries	Pair Corr

Related Correlations Analysis

	LINV	NMT	0R8Q	AATG	JUP	JUKC	FSEM	CBA	SUPR
LINV		0.22	0.45	-0.4	0.36	0.51	0.25	0.82	0.52	LINV
NMT	0.22		0.05	0.02	0.41	0.15	0.16	-0.13	0.02	NMT
0R8Q	0.45	0.05		-0.27	0.68	0.63	0.75	0.61	0.88	0R8Q
AATG	-0.4	0.02	-0.27		0.0	-0.09	-0.25	-0.46	-0.32	AATG
JUP	0.36	0.41	0.68	0.0		0.7	0.69	0.23	0.55	JUP
JUKC	0.51	0.15	0.63	-0.09	0.7		0.42	0.46	0.67	JUKC
FSEM	0.25	0.16	0.75	-0.25	0.69	0.42		0.41	0.66	FSEM
CBA	0.82	-0.13	0.61	-0.46	0.23	0.46	0.41		0.67	CBA
SUPR	0.52	0.02	0.88	-0.32	0.55	0.67	0.66	0.67		SUPR
	LINV	NMT	0R8Q	AATG	JUP	JUKC	FSEM	CBA	SUPR

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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

SUPR	+ 0.88	0R8Q
CBA	+ 0.82	LINV
FSEM	+ 0.75	0R8Q
JUKC	+ 0.7	JUP
FSEM	+ 0.69	JUP
JUP	+ 0.68	0R8Q

High negative correlations

CBA	- 0.46	AATG
AATG	- 0.4	LINV
SUPR	- 0.32	AATG
AATG	- 0.27	0R8Q
FSEM	- 0.25	AATG
CBA	- 0.13	NMT

Risk-Adjusted Indicators

There is a big difference between Cadogan Stock performing well and Cadogan Petroleum 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 Cadogan Petroleum'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
LINV	0.66	(0.19)	0.00	5.37	0.00	0.00	1.82	(1.89)	6.09
NMT	2.09	0.09	0.00	0.47	4.09	(7.78)	9.09	(5.56)	36.62
0R8Q	1.27	(0.38)	0.00	(0.69)	0.00	0.00	1.95	(2.15)	20.00
AATG	0.25	(0.02)	0.00	(0.60)	0.00	0.00	0.55	0.00	6.29
JUP	1.10	(0.09)	0.00	(0.06)	0.00	0.00	1.96	(2.21)	8.59
JUKC	0.46	(0.07)	0.00	(0.08)	0.00	0.00	0.92	(1.06)	2.36
FSEM	0.28	(0.02)	(0.29)	(0.18)	0.31	(0.43)	0.51	(0.51)	2.31
CBA	0.38	(0.21)	0.00	(2.92)	0.00	0.00	0.00	0.00	7.14
SUPR	0.79	(0.10)	0.00	(0.57)	0.00	0.00	1.75	(1.81)	4.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cadogan Petroleum 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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Cadogan Petroleum Corporate Management

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

Francesca MD	Chief Officer	Profile
LLM JD	Chief Officer	Profile
Nathan Caffo	Chief Officer	Profile
MD MS	Chief Officer	Profile

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