Vertical Exploration Correlations

CVVRF Stock

USD 0.04 0 5.56%

The current 90-days correlation between Vertical Exploration and EDM Resources is -0.02 (i.e., Good 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

Modest diversification

The correlation between Vertical Exploration and DJI is 0.2 (i.e., Modest 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

0.65	BHPLF	BHP Group Limited	Pair Corr
0.74	BHP	BHP Group Limited	Pair Corr
0.74	RIO	Rio Tinto ADR	Pair Corr
0.62	RTNTF	Rio Tinto Group	Pair Corr
0.74	RTPPF	Rio Tinto Group	Pair Corr
0.85	GLCNF	Glencore PLC	Pair Corr
0.85	GLNCY	Glencore PLC ADR	Pair Corr
0.75	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.65	BCH	Banco De Chile	Pair Corr
0.69	SMEGF	Siemens Energy AG	Pair Corr
0.62	BNPQY	BNP Paribas SA	Pair Corr
0.8	ZETA	Zeta Global Holdings	Pair Corr
0.8	NKRKY	Nokian Tyres Plc	Pair Corr
0.68	GVA	Granite Construction	Pair Corr
0.61	DTSQU	DT Cloud Star	Pair Corr
0.68	PILBF	Pilbara Minerals	Pair Corr
0.74	NONOF	Novo Nordisk AS	Pair Corr
0.64	EDVMF	Endeavour Mining Corp	Pair Corr

Moving against Vertical Pink Sheet

0.6

FNMFO

Federal National Mortgage

Pair Corr

Related Correlations Analysis

	SWNLF	NLRCF	FNICF	RKMSF	MURMF	OWRDF	ABEPF	GZDIF	MACQF	NVSGF
SWNLF		0.07	0.78	0.32	-0.02	-0.46	-0.08	0.03	-0.09	-0.25	SWNLF
NLRCF	0.07		0.28	0.17	0.08	0.03	-0.15	-0.13	0.0	-0.05	NLRCF
FNICF	0.78	0.28		0.4	-0.12	-0.37	0.14	-0.09	-0.09	-0.33	FNICF
RKMSF	0.32	0.17	0.4		-0.46	-0.19	0.31	0.05	-0.03	-0.35	RKMSF
MURMF	-0.02	0.08	-0.12	-0.46		0.08	-0.53	-0.12	0.01	0.5	MURMF
OWRDF	-0.46	0.03	-0.37	-0.19	0.08		0.08	0.08	-0.03	0.22	OWRDF
ABEPF	-0.08	-0.15	0.14	0.31	-0.53	0.08		0.08	-0.01	-0.17	ABEPF
GZDIF	0.03	-0.13	-0.09	0.05	-0.12	0.08	0.08		-0.18	-0.07	GZDIF
MACQF	-0.09	0.0	-0.09	-0.03	0.01	-0.03	-0.01	-0.18		0.06	MACQF
NVSGF	-0.25	-0.05	-0.33	-0.35	0.5	0.22	-0.17	-0.07	0.06		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	+ 0.78	SWNLF
NVSGF	+ 0.5	MURMF
RKMSF	+ 0.4	FNICF
RKMSF	+ 0.32	SWNLF
ABEPF	+ 0.31	RKMSF
FNICF	+ 0.28	NLRCF

High negative correlations

ABEPF	- 0.53	MURMF
MURMF	- 0.46	RKMSF
OWRDF	- 0.46	SWNLF
OWRDF	- 0.37	FNICF
NVSGF	- 0.35	RKMSF
NVSGF	- 0.33	FNICF

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	2.67	1.10	0.00	0.86	0.00	0.00	0.00	0.00	57.14
NLRCF	2.92	(0.09)	0.00	0.00	5.57	(9.65)	9.64	(13.33)	49.55
FNICF	5.63	0.57	0.05	2.35	6.39	(9.89)	18.71	(14.92)	42.73
RKMSF	10.24	1.92	0.09	(4.56)	10.22	(26.03)	38.10	(23.08)	135.93
MURMF	5.46	0.42	0.05	0.45	5.68	(10.51)	16.67	(11.11)	54.85
OWRDF	6.39	0.87	0.04	(0.85)	7.70	(27.16)	35.00	(19.47)	83.33
ABEPF	8.34	0.07	0.02	0.09	10.26	(11.73)	23.85	(20.78)	62.44
GZDIF	1.83	0.16	0.00	0.60	0.00	0.00	6.38	(6.00)	40.80
MACQF	1.91	0.27	0.00	0.53	0.00	0.00	0.00	0.00	92.21
NVSGF	8.41	0.90	0.03	(0.16)	9.80	(20.48)	33.33	(25.00)	66.67

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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