Headwater Exploration Correlations
| CDDRF Stock | USD 4.88 0.03 0.62% |
The current 90-days correlation between Headwater Exploration and Farmers Merchants Bancorp is -0.04 (i.e., Good diversification). The correlation of Headwater 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.
Headwater Exploration Correlation With Market
Good diversification
The correlation between Headwater Exploration and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Headwater Exploration and DJI in the same portfolio, assuming nothing else is changed.
Headwater |
The ability to find closely correlated positions to Headwater 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 Headwater 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 Headwater 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 Headwater Exploration to buy it.
Moving against Headwater Pink Sheet
| 0.55 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.46 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.45 | BKRKY | Bank Rakyat | PairCorr |
| 0.45 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.42 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.39 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.36 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.33 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.31 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Headwater Pink Sheet performing well and Headwater Exploration 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 Headwater 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YAMHF | 1.18 | (0.06) | 0.00 | (0.09) | 0.00 | 3.34 | 11.69 | |||
| NDEKY | 1.61 | (0.18) | 0.00 | (0.01) | 0.00 | 4.06 | 10.41 | |||
| FMCB | 0.64 | 0.23 | 0.09 | 5.49 | 0.63 | 1.69 | 16.73 | |||
| FUWAF | 1.23 | 0.60 | 0.00 | (1.38) | 0.00 | 0.00 | 31.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Headwater 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.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Headwater Exploration Corporate Management
| Tom Banks | Engineering Consultant | Profile | |
| Jason PEng | COO Pres | Profile | |
| Edward LLB | Co Sec | Profile | |
| Neil PEng | Chairman CEO | Profile | |
| Scott Rideout | VicePres Land | Profile | |
| Andrea Creemer | Exploitation Engineer | Profile | |
| Jonathan PGeo | VicePres Exploration | Profile |