Arrow Exploration Correlations

CSTPF Stock

USD 0.33 0.01 3.13%

The current 90-days correlation between Arrow Exploration Corp and Buru Energy Limited is 0.01 (i.e., Significant diversification). The correlation of Arrow 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.

Arrow Exploration Correlation With Market

Significant diversification

The correlation between Arrow Exploration Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Exploration Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Arrow 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 Arrow 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 Arrow 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 Arrow Exploration Corp to buy it.

Moving against Arrow Pink Sheet

0.49	17298CHT8	US17298CHT80	Pair Corr
0.48	SLF	Sun Life Financial	Pair Corr
0.45	LGCY	Legacy Education Downward Rally	Pair Corr
0.37	EXEEW	Expand Energy Symbol Change	Pair Corr
0.53	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.46	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.34	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	CJAX	BRNGF	ATUUF	DBRM	AUNXF	SJT	CLMEF	ADXRF	AERN
CJAX		-0.39	0.77	0.16	0.32	0.06	0.0	-0.67	0.27	CJAX
BRNGF	-0.39		-0.4	0.13	0.0	-0.26	0.0	0.76	-0.16	BRNGF
ATUUF	0.77	-0.4		0.29	0.6	0.16	0.0	-0.75	0.5	ATUUF
DBRM	0.16	0.13	0.29		0.22	0.31	0.0	-0.05	0.58	DBRM
AUNXF	0.32	0.0	0.6	0.22		-0.02	0.0	-0.33	0.28	AUNXF
SJT	0.06	-0.26	0.16	0.31	-0.02		0.0	-0.19	0.26	SJT
CLMEF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CLMEF
ADXRF	-0.67	0.76	-0.75	-0.05	-0.33	-0.19	0.0		-0.26	ADXRF
AERN	0.27	-0.16	0.5	0.58	0.28	0.26	0.0	-0.26		AERN
	CJAX	BRNGF	ATUUF	DBRM	AUNXF	SJT	CLMEF	ADXRF	AERN

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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

ATUUF	+ 0.77	CJAX
ADXRF	+ 0.76	BRNGF
AUNXF	+ 0.6	ATUUF
AERN	+ 0.58	DBRM
AERN	+ 0.5	ATUUF
AUNXF	+ 0.32	CJAX

High negative correlations

ADXRF	- 0.75	ATUUF
ADXRF	- 0.67	CJAX
ATUUF	- 0.4	BRNGF
BRNGF	- 0.39	CJAX
ADXRF	- 0.33	AUNXF
AERN	- 0.26	ADXRF

Risk-Adjusted Indicators

There is a big difference between Arrow Pink Sheet performing well and Arrow 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 Arrow 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
CJAX	0.22	0.10	0.00	(2.53)	0.00	0.00	0.00	0.00	7.50
BRNGF	3.36	(0.23)	0.00	(0.10)	0.00	0.00	0.00	0.00	83.33
ATUUF	2.60	0.70	0.24	2.55	2.14	(3.26)	6.26	(4.73)	24.98
DBRM	6.00	1.96	0.00	1.08	0.00	0.00	0.00	0.00	266.67
AUNXF	11.57	2.09	0.11	3.37	11.92	(19.47)	30.00	(20.00)	117.62
SJT	2.35	0.18	0.06	0.61	2.26	(3.18)	5.48	(4.21)	16.89
CLMEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADXRF	10.24	0.60	0.01	0.32	16.35	(42.92)	42.86	(42.86)	160.00
AERN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

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Arrow Exploration Corporate Management

BSc CFA	Ex Chairman	Profile
Joe McFarlane	Chief Officer	Profile
Mauricio Restrepo	Co Sec	Profile
Philip Miller	VP Exploration	Profile
Robert ICDD	Ma Operations	Profile
Marshall Abbott	CEO Director	Profile

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