Condor Energies Correlations
| CDR Stock | 1.95 0.01 0.51% |
The current 90-days correlation between Condor Energies and Oncolytics Biotech is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Condor Energies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Energies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Condor Energies Correlation With Market
Average diversification
The correlation between Condor Energies and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Condor Energies and DJI in the same portfolio, assuming nothing else is changed.
Condor |
The ability to find closely correlated positions to Condor Energies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Energies 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 Condor Energies - 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 Condor Energies to buy it.
Moving against Condor Stock
| 0.73 | OIII | O3 Mining | PairCorr |
| 0.7 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.69 | FFH-PH | Fairfax Financial | PairCorr |
| 0.64 | FFH-PF | Fairfax Financial | PairCorr |
| 0.64 | FFH-PI | Fairfax Financial | PairCorr |
| 0.64 | FFH-PG | Fairfax Fin Hld | PairCorr |
| 0.62 | FFH-PE | Fairfax Financial | PairCorr |
| 0.59 | FFH-PK | Fairfax Financial | PairCorr |
| 0.57 | SAGE | Sage Potash Corp | PairCorr |
| 0.56 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.49 | FFH | Fairfax Financial | PairCorr |
| 0.48 | ENS | E Split Corp | PairCorr |
| 0.41 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.41 | ELF | E L Financial | PairCorr |
Related Correlations Analysis
| 0.33 | 0.61 | 0.29 | -0.48 | 0.0 | -0.71 | ICE | ||
| 0.33 | 0.62 | 0.3 | -0.55 | 0.0 | -0.16 | BCHT | ||
| 0.61 | 0.62 | 0.21 | -0.74 | 0.0 | -0.32 | VZ | ||
| 0.29 | 0.3 | 0.21 | -0.34 | 0.0 | -0.23 | ONC | ||
| -0.48 | -0.55 | -0.74 | -0.34 | 0.0 | 0.36 | WISH | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TGS | ||
| -0.71 | -0.16 | -0.32 | -0.23 | 0.36 | 0.0 | ET | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Condor Stock performing well and Condor Energies 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 Condor Energies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICE | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.52 | 7.83 | |||
| BCHT | 3.11 | (0.22) | 0.00 | 0.17 | 0.00 | 7.89 | 20.57 | |||
| VZ | 0.91 | 0.04 | 0.03 | 0.25 | 1.28 | 1.87 | 5.44 | |||
| ONC | 3.26 | (0.42) | 0.00 | (0.72) | 0.00 | 8.40 | 28.25 | |||
| WISH | 2.81 | (0.02) | 0.00 | (0.03) | 0.00 | 10.00 | 31.21 | |||
| TGS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ET | 1.00 | (0.01) | 0.00 | (0.01) | 1.55 | 2.06 | 8.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Condor Energies 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Condor Energies Corporate Management
Elected by the shareholders, the Condor Energies' board of directors comprises two types of representatives: Condor Energies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Condor. The board's role is to monitor Condor Energies' management team and ensure that shareholders' interests are well served. Condor Energies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Condor Energies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Trent Mercier | VP Counsel | Profile | |
| John Baillie | Senior Development | Profile | |
| Norman BComm | Managing Kazakhstan | Profile | |
| Jon Erickson | Senior Operations | Profile | |
| Stanley Quilty | VP CFO | Profile |