Hunting PLC Correlations

HNTIF Stock

USD 6.85 0.55 7.43%

The current 90-days correlation between Hunting PLC and Trican Well Service is 0.05 (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

Average diversification

The correlation between Hunting PLC and DJI is 0.15 (i.e., Average 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.

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

0.76	BKR	Baker Hughes	Pair Corr
0.7	FTI	TechnipFMC PLC	Pair Corr
0.78	TS	Tenaris SA ADR	Pair Corr
0.65	TNRSF	Tenaris SA	Pair Corr
0.63	GEL	Genesis Energy LP	Pair Corr
0.79	BLE	BlackRock MIT II	Pair Corr
0.88	EXC	Exelon	Pair Corr
0.68	HAS	Hasbro Inc	Pair Corr
0.62	TKR	Timken Company	Pair Corr

Moving against Hunting Pink Sheet

0.71	FI	Fiserv Symbol Change	Pair Corr
0.31	PBCRF	PT Bank Central	Pair Corr
0.46	CDIX	Cardiff Lexington Corp	Pair Corr

Related Correlations Analysis

	TOLWF	SHANF	PSYTF	KRNGF	IRPSY	OILRF	KWTEF	RCKHF	DALXF	SBOEF
TOLWF		0.0	0.37	0.57	0.0	0.47	0.66	0.03	0.82	0.0	TOLWF
SHANF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	SHANF
PSYTF	0.37	0.0		0.24	0.0	0.16	0.57	-0.12	0.57	0.0	PSYTF
KRNGF	0.57	0.0	0.24		0.0	0.55	0.51	-0.3	0.77	0.0	KRNGF
IRPSY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IRPSY
OILRF	0.47	0.0	0.16	0.55	0.0		0.47	-0.39	0.58	0.0	OILRF
KWTEF	0.66	0.0	0.57	0.51	0.0	0.47		-0.27	0.79	0.0	KWTEF
RCKHF	0.03	0.0	-0.12	-0.3	0.0	-0.39	-0.27		-0.13	0.0	RCKHF
DALXF	0.82	0.0	0.57	0.77	0.0	0.58	0.79	-0.13		0.0	DALXF
SBOEF	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SBOEF
	TOLWF	SHANF	PSYTF	KRNGF	IRPSY	OILRF	KWTEF	RCKHF	DALXF	SBOEF

Please upgrade your account to get full access to Macroaxis premium features

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

DALXF	+ 0.82	TOLWF
DALXF	+ 0.79	KWTEF
DALXF	+ 0.77	KRNGF
KWTEF	+ 0.66	TOLWF
DALXF	+ 0.58	OILRF
KRNGF	+ 0.57	TOLWF

High negative correlations

SBOEF	- 1.0	SHANF
RCKHF	- 0.39	OILRF
RCKHF	- 0.3	KRNGF
RCKHF	- 0.27	KWTEF
DALXF	- 0.13	RCKHF
RCKHF	- 0.12	PSYTF

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	1.94	0.28	0.08	0.81	2.65	(2.03)	4.24	(4.47)	19.61
SHANF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSYTF	1.17	0.11	0.03	0.40	1.66	(1.42)	2.93	(3.00)	11.18
KRNGF	1.49	0.56	0.00	(0.61)	0.00	0.00	8.18	0.00	21.83
IRPSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OILRF	4.62	1.15	0.06	(0.98)	5.47	(18.06)	20.00	(12.50)	58.33
KWTEF	0.51	0.06	0.01	0.95	0.93	(1.93)	1.92	(0.80)	9.41
RCKHF	2.73	0.15	0.02	1.00	4.31	(4.91)	9.78	(9.09)	31.34
DALXF	2.21	0.62	0.20	1.78	2.38	(2.47)	4.60	(3.91)	12.06
SBOEF	0.00	0.00	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?

Run My Watchlist Analysis Now

My Watchlist Analysis

Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like

All Next

Launch Module

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC