Crown Point Correlations

CWVLF Stock

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The current 90-days correlation between Crown Point Energy and Stroud Resources is -0.22 (i.e., Very good diversification). The correlation of Crown Point 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.

Crown Point Correlation With Market

Very weak diversification

The correlation between Crown Point Energy and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Point Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Crown Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Point 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 Crown Point - 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 Crown Point Energy to buy it.

Moving together with Crown Pink Sheet

0.78	VKQ	Invesco Municipal Trust	Pair Corr
0.61	INGR	Ingredion Incorporated	Pair Corr
0.81	XYIGY	Xinyi Glass Holdings Earnings Call This Week	Pair Corr
0.65	PNC	PNC Financial Services	Pair Corr
0.73	WLK	Westlake Chemical Earnings Call Today	Pair Corr
0.64	BKCYF	Bank Of Cyprus Holdings P	Pair Corr
0.71	CING	Cingulate	Pair Corr
0.67	AOIFF	Africa Oil Corp Earnings Call Today	Pair Corr
0.65	MEEEF	Metal Energy Corp	Pair Corr
0.67	TWMIF	Tidewater Midstream and	Pair Corr
0.73	LTSK	Ladenburg Thalmann	Pair Corr
0.62	STRS	Stratus Properties	Pair Corr
0.78	GBOOY	Grupo Financiero Banorte	Pair Corr
0.61	CMA	Comerica Incorporated	Pair Corr
0.75	TDY	Teledyne Technologies	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.74	BYM	BlackRock Municipal	Pair Corr
0.73	RHHVF	Roche Holding AG	Pair Corr

Moving against Crown Pink Sheet

0.66	PBCRF	PT Bank Central	Pair Corr
0.46	TLK	Telkom Indonesia Tbk	Pair Corr
0.46	EYPT	Eyepoint Pharmaceuticals Sell-off Trend	Pair Corr
0.4	SLI	Standard Lithium Earnings Call Tomorrow	Pair Corr
0.39	PTAIF	PT Astra International	Pair Corr
0.41	KULR	KULR Technology Group	Pair Corr
0.4	SPR	Spirit Aerosystems	Pair Corr

Related Correlations Analysis

	RDOIF	NERG	ROYL	TRLEF	SDURF	PFRRF	ERAO	BNGLF	UNRG	BLMC
RDOIF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RDOIF
NERG	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NERG
ROYL	0.0	0.0		0.14	-0.17	-0.14	-0.13	0.23	0.11	-0.08	ROYL
TRLEF	0.0	0.0	0.14		-0.51	-0.57	0.55	-0.1	-0.18	-0.28	TRLEF
SDURF	0.0	0.0	-0.17	-0.51		0.84	-0.69	-0.01	0.34	0.44	SDURF
PFRRF	0.0	0.0	-0.14	-0.57	0.84		-0.72	0.08	0.28	0.59	PFRRF
ERAO	0.0	0.0	-0.13	0.55	-0.69	-0.72		-0.24	-0.23	-0.35	ERAO
BNGLF	0.0	0.0	0.23	-0.1	-0.01	0.08	-0.24		0.35	0.43	BNGLF
UNRG	0.0	0.0	0.11	-0.18	0.34	0.28	-0.23	0.35		0.37	UNRG
BLMC	0.0	0.0	-0.08	-0.28	0.44	0.59	-0.35	0.43	0.37		BLMC
	RDOIF	NERG	ROYL	TRLEF	SDURF	PFRRF	ERAO	BNGLF	UNRG	BLMC

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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

PFRRF	+ 0.84	SDURF
BLMC	+ 0.59	PFRRF
ERAO	+ 0.55	TRLEF
BLMC	+ 0.44	SDURF
BLMC	+ 0.43	BNGLF
BLMC	+ 0.37	UNRG

High negative correlations

ERAO	- 0.72	PFRRF
ERAO	- 0.69	SDURF
PFRRF	- 0.57	TRLEF
SDURF	- 0.51	TRLEF
BLMC	- 0.35	ERAO
BLMC	- 0.28	TRLEF

Risk-Adjusted Indicators

There is a big difference between Crown Pink Sheet performing well and Crown Point 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 Crown Point'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
RDOIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NERG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROYL	7.88	1.06	0.07	0.71	8.09	(27.16)	25.00	(22.50)	128.33
TRLEF	7.78	0.27	0.01	(0.07)	9.32	(8.17)	16.28	(16.47)	50.68
SDURF	6.32	1.69	0.00	(0.54)	0.00	0.00	33.33	(13.33)	107.84
PFRRF	2.11	1.13	0.00	(1.07)	0.00	0.00	0.00	0.00	70.83
ERAO	8.68	0.48	0.01	(0.11)	13.09	(32.12)	31.15	(34.81)	116.55
BNGLF	4.96	1.24	0.00	1.82	0.00	0.00	0.00	(12.50)	114.33
UNRG	7.86	0.76	0.06	(1.10)	9.26	(8.34)	19.40	(16.67)	51.15
BLMC	2.44	0.70	0.00	(24.97)	0.00	0.00	5.10	0.00	69.58

Be your own money manager

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