Diversified Energy Correlations
| DECPFDelisted Stock | USD 1.21 0.01 0.83% |
The current 90-days correlation between Diversified Energy and Tullow Oil plc is 0.24 (i.e., Modest diversification). The correlation of Diversified Energy 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.
Diversified Energy Correlation With Market
Weak diversification
The correlation between Diversified Energy and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified Energy and DJI in the same portfolio, assuming nothing else is changed.
Diversified |
The ability to find closely correlated positions to Diversified Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diversified Energy 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 Diversified Energy - 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 Diversified Energy to buy it.
Moving against Diversified OTC Stock
| 0.43 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.42 | BKRKY | Bank Rakyat | PairCorr |
| 0.36 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.34 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.33 | PTAIY | Astra International Tbk Downward Rally | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Diversified OTC Stock performing well and Diversified Energy OTC Stock 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 Diversified Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTOAF | 2.58 | (0.42) | 0.00 | 2.05 | 0.00 | 5.56 | 33.75 | |||
| SOUTF | 2.78 | (0.82) | 0.00 | 1.56 | 0.00 | 3.27 | 35.14 | |||
| ITEEF | 2.85 | 0.46 | 0.03 | 2.70 | 3.93 | 6.67 | 61.36 | |||
| GXRFF | 5.00 | (1.09) | 0.00 | (0.61) | 0.00 | 10.31 | 30.34 | |||
| GASXF | 1.73 | (0.12) | 0.00 | 2.59 | 0.00 | 5.63 | 16.17 | |||
| SLGYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HZNFF | 3.03 | 0.28 | 0.00 | (0.09) | 5.41 | 8.33 | 56.35 | |||
| PSHIF | 1.18 | (0.39) | 0.00 | 1.48 | 0.00 | 0.00 | 15.07 | |||
| RGPMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TUWLF | 2.25 | (0.49) | 0.00 | (0.48) | 0.00 | 4.55 | 33.33 |
View Diversified Energy Related Equities
| Risk & Return | Correlation |
Diversified Energy Corporate Management
Elected by the shareholders, the Diversified Energy's board of directors comprises two types of representatives: Diversified Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Diversified. The board's role is to monitor Diversified Energy's management team and ensure that shareholders' interests are well served. Diversified Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Diversified Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bradley Gray | COO VP | Profile | |
| Douglas Kris | VP Relations | Profile | |
| Bobby Cayton | VP Operations | Profile | |
| Mark Kirkendall | Ex Officer | Profile | |
| David Myers | Chief Officer | Profile | |
| John Crook | Health Environmental | Profile | |
| Michael CPA | Sr Controller | Profile |
Still Interested in Diversified Energy?
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