Vertical Exploration Correlations

CVVRF Stock

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The current 90-days correlation between Vertical Exploration and EDM Resources is 0.71 (i.e., Poor diversification). The correlation of Vertical 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.

Vertical Exploration Correlation With Market

Poor diversification

The correlation between Vertical Exploration and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vertical Exploration and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vertical 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 Vertical 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 Vertical 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 Vertical Exploration to buy it.

Moving together with Vertical Pink Sheet

0.81	BHPLF	BHP Group Limited Earnings Call This Week	Pair Corr
0.86	RIO	Rio Tinto ADR	Pair Corr
0.84	BHP	BHP Group Limited Earnings Call This Week	Pair Corr
0.77	RTNTF	Rio Tinto Group	Pair Corr
0.85	RTPPF	Rio Tinto Group	Pair Corr
0.92	GLCNF	Glencore PLC Earnings Call This Week	Pair Corr
0.92	GLNCY	Glencore PLC ADR Earnings Call This Week	Pair Corr
0.88	VALE	Vale SA ADR Earnings Call Tomorrow	Pair Corr
0.75	SLF	Sun Life Financial Earnings Call Today	Pair Corr
0.78	GLUC	Glucose Health	Pair Corr
0.87	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.75	MRK	Merck Company	Pair Corr
0.83	INTC	Intel	Pair Corr

Moving against Vertical Pink Sheet

0.88	HPQ	HP Inc Aggressive Push	Pair Corr
0.69	MSFT	Microsoft Sell-off Trend	Pair Corr
0.32	IBM	International Business	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SWNLF	NLRCF	FNICF	RKMSF	MURMF	OWRDF	ABEPF	GZDIF	MACQF	NVSGF
SWNLF		-0.42	0.87	0.77	-0.29	-0.45	0.41	0.32	-0.04	0.26	SWNLF
NLRCF	-0.42		-0.26	-0.26	-0.03	0.2	-0.19	-0.32	0.1	-0.4	NLRCF
FNICF	0.87	-0.26		0.72	-0.32	-0.49	0.45	0.32	-0.03	0.1	FNICF
RKMSF	0.77	-0.26	0.72		-0.37	-0.37	0.58	0.31	0.09	0.21	RKMSF
MURMF	-0.29	-0.03	-0.32	-0.37		0.16	-0.35	-0.09	0.0	0.47	MURMF
OWRDF	-0.45	0.2	-0.49	-0.37	0.16		-0.23	-0.19	-0.02	0.17	OWRDF
ABEPF	0.41	-0.19	0.45	0.58	-0.35	-0.23		0.2	-0.05	0.19	ABEPF
GZDIF	0.32	-0.32	0.32	0.31	-0.09	-0.19	0.2		-0.05	0.34	GZDIF
MACQF	-0.04	0.1	-0.03	0.09	0.0	-0.02	-0.05	-0.05		-0.09	MACQF
NVSGF	0.26	-0.4	0.1	0.21	0.47	0.17	0.19	0.34	-0.09		NVSGF
	SWNLF	NLRCF	FNICF	RKMSF	MURMF	OWRDF	ABEPF	GZDIF	MACQF	NVSGF

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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

FNICF	+ 0.87	SWNLF
RKMSF	+ 0.77	SWNLF
RKMSF	+ 0.72	FNICF
ABEPF	+ 0.58	RKMSF
NVSGF	+ 0.47	MURMF
ABEPF	+ 0.45	FNICF

High negative correlations

OWRDF	- 0.49	FNICF
OWRDF	- 0.45	SWNLF
NLRCF	- 0.42	SWNLF
NVSGF	- 0.4	NLRCF
OWRDF	- 0.37	RKMSF
MURMF	- 0.37	RKMSF

Risk-Adjusted Indicators

There is a big difference between Vertical Pink Sheet performing well and Vertical 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 Vertical 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
SWNLF	4.99	1.87	0.00	0.72	0.00	0.00	18.75	(4.35)	77.14
NLRCF	3.74	0.34	0.01	(0.27)	5.97	(9.75)	11.72	(15.05)	59.01
FNICF	6.77	1.17	0.12	1.82	6.84	(10.17)	20.99	(14.53)	42.73
RKMSF	9.79	2.51	0.10	(1.58)	10.45	(20.35)	29.17	(23.08)	148.33
MURMF	5.36	0.79	0.06	(0.35)	5.64	(10.48)	16.67	(12.50)	54.85
OWRDF	6.87	0.66	0.04	0.29	8.45	(26.10)	35.00	(19.47)	84.43
ABEPF	9.73	0.97	0.08	1.44	10.59	(12.91)	27.27	(20.78)	74.80
GZDIF	5.49	0.60	0.03	0.30	8.09	(26.73)	15.00	(21.30)	83.33
MACQF	1.91	0.25	0.00	0.50	0.00	0.00	0.00	0.00	92.21
NVSGF	8.83	1.59	0.07	(0.88)	8.92	(25.71)	33.33	(20.00)	70.00

Be your own money manager

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