Hunting PLC Correlations
| HNTIF Stock | USD 5.40 0.00 0.00% |
The current 90-days correlation between Hunting PLC and Trican Well Service is 0.03 (i.e., Significant diversification). The correlation of Hunting PLC 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.
Hunting PLC Correlation With Market
Poor diversification
The correlation between Hunting PLC and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hunting PLC and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Hunting PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hunting PLC 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 Hunting PLC - 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 Hunting PLC to buy it.
Moving together with Hunting Pink Sheet
| 0.74 | SLB | Schlumberger NV | PairCorr |
| 0.71 | HAL | Halliburton | PairCorr |
| 0.79 | FTI | TechnipFMC PLC | PairCorr |
| 0.73 | TS | Tenaris SA ADR | PairCorr |
| 0.64 | CHOLF | China Oilfield Services | PairCorr |
| 0.81 | NOV | NOV Inc Earnings Call This Week | PairCorr |
| 0.65 | KB | KB Financial Group | PairCorr |
| 0.65 | WF | Woori Financial Group | PairCorr |
| 0.76 | HL | Hecla Mining | PairCorr |
| 0.77 | BIOA | BioAge Labs | PairCorr |
| 0.67 | FOX | Fox Corp Class Earnings Call This Week | PairCorr |
| 0.66 | HYMC | Hycroft Mining Holding Trending | PairCorr |
| 0.63 | LC | LendingClub Corp | PairCorr |
| 0.7 | ASML | ASML Holding NV | PairCorr |
| 0.71 | VASO | Vaso Corp | PairCorr |
| 0.64 | EGTIF | eGuarantee | PairCorr |
| 0.69 | SHTLF | South32 Limited | PairCorr |
| 0.61 | ACLS | Axcelis Technologies | PairCorr |
| 0.71 | WAL | Western Alliance Ban | PairCorr |
| 0.65 | PBYI | Puma Biotechnology | PairCorr |
| 0.69 | TENX | Tenax Therapeutics Downward Rally | PairCorr |
Moving against Hunting Pink Sheet
| 0.69 | FI | FI Old Earnings Call This Week | PairCorr |
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.44 | BKRKF | PT Bank Rakyat | PairCorr |
Related Correlations Analysis
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 Hunting Pink Sheet performing well and Hunting PLC 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 Hunting PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOLWF | 1.96 | 0.33 | 0.08 | 1.46 | 2.75 | 4.71 | 19.61 | |||
| SHANF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PSYTF | 1.23 | 0.08 | 0.02 | 0.30 | 1.92 | 2.75 | 11.18 | |||
| KRNGF | 1.10 | 0.21 | 0.00 | (0.15) | 0.00 | 4.50 | 23.09 | |||
| IRPSY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OILRF | 4.07 | 0.93 | 0.05 | 41.23 | 5.05 | 16.67 | 56.82 | |||
| KWTEF | 0.51 | 0.06 | 0.00 | (2.31) | 0.93 | 1.92 | 9.41 | |||
| RCKHF | 3.66 | 0.33 | 0.02 | (0.33) | 5.45 | 11.24 | 31.47 | |||
| DALXF | 1.87 | 0.71 | 0.23 | 1.51 | 2.01 | 4.44 | 14.05 | |||
| SBOEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hunting PLC 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.Did you try this?
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Hunting PLC Corporate Management
| Tarryn Riley | Head of Investor Relations | Profile | |
| Bruce Ferguson | Group Director | Profile | |
| Rick Bradley | Chief Officer | Profile | |
| Daniel Tan | Managing Operations | Profile | |
| Randy Walliser | Managing Operations | Profile | |
| Jason Mai | Managing Titan | Profile |