Stans Energy Correlations
| HREEF Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Stans Energy Corp and Ridgestone Mining is -0.01 (i.e., Good diversification). The correlation of Stans 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.
Stans Energy Correlation With Market
Significant diversification
The correlation between Stans Energy Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stans Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Stans 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 Stans 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 Stans 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 Stans Energy Corp to buy it.
Moving together with Stans Pink Sheet
| 0.62 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
Moving against Stans Pink Sheet
| 0.52 | PTAIF | PT Astra International | PairCorr |
| 0.52 | VLY | Valley National Bancorp | PairCorr |
| 0.46 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.44 | CHKEZ | CHKEZ Old Symbol Change | PairCorr |
| 0.42 | ADVWW | Advantage Solutions | PairCorr |
| 0.41 | CHKEL | CHKEL Old Symbol Change | PairCorr |
| 0.39 | PTAIY | Astra International Tbk | PairCorr |
| 0.39 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.36 | BKRKY | Bank Rakyat Earnings Call Today | PairCorr |
| 0.36 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.34 | PBCRY | Bank Central Asia | PairCorr |
| 0.31 | PCTTW | PureCycle Technologies | PairCorr |
| 0.53 | CAT | Caterpillar Earnings Call Today | PairCorr |
| 0.5 | DD | Dupont De Nemours Earnings Call Tomorrow | PairCorr |
| 0.47 | HD | Home Depot | PairCorr |
| 0.46 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.45 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.38 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.36 | AA | Alcoa Corp | PairCorr |
| 0.32 | INTC | Intel | PairCorr |
| 0.32 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stans Pink Sheet performing well and Stans Energy 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 Stans 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RIGMF | 7.51 | 0.51 | 0.03 | (1.02) | 8.58 | 25.56 | 77.40 | |||
| LCGMF | 3.63 | (0.03) | 0.00 | 0.11 | 0.00 | 10.50 | 36.67 | |||
| FPOCF | 2.21 | (0.30) | 0.00 | (1.09) | 0.00 | 6.25 | 17.65 | |||
| FCSMF | 5.79 | 0.40 | 0.02 | 0.49 | 6.96 | 20.00 | 36.67 | |||
| ZZZOF | 0.67 | (0.14) | 0.00 | (0.76) | 0.00 | 0.00 | 22.22 | |||
| KVGOF | 3.56 | (0.56) | 0.00 | (0.33) | 0.00 | 0.00 | 74.19 | |||
| NCPCF | 4.27 | (0.56) | 0.00 | (1.01) | 0.00 | 10.71 | 49.52 | |||
| STRPF | 4.04 | (0.02) | 0.00 | 0.05 | 4.55 | 8.70 | 32.84 | |||
| MGPHF | 6.10 | 0.09 | 0.02 | 0.12 | 6.14 | 20.00 | 33.69 | |||
| LMRMF | 4.52 | (0.07) | 0.00 | (0.20) | 0.00 | 10.00 | 34.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Stans Energy 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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Stans Energy Corporate Management
| Rodney MA | Acting CEO | Profile | |
| Peter Kerrivan | Assistant Sec | Profile | |
| Boris Eng | COO CFO | Profile | |
| Gennady FGS | Managing KG | Profile |