Humble Energy Correlations
| HUMLDelisted Stock | USD 0 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Humble Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humble Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Humble Energy Correlation With Market
Good diversification
The correlation between Humble Energy and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humble Energy and DJI in the same portfolio, assuming nothing else is changed.
Humble |
The ability to find closely correlated positions to Humble 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 Humble 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 Humble 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 Humble Energy to buy it.
Moving against Humble Pink Sheet
| 0.89 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.86 | HES | Hess | PairCorr |
| 0.86 | RLMD | Relmada Therapeutics | PairCorr |
| 0.85 | SHIP | Seanergy Maritime | PairCorr |
| 0.81 | APGE | Apogee Therapeutics, | PairCorr |
| 0.79 | DDS | Dillards, | PairCorr |
| 0.79 | CSCO | Cisco Systems | PairCorr |
| 0.79 | HL | Hecla Mining | PairCorr |
| 0.7 | AAPL | Apple Inc | PairCorr |
| 0.67 | CNQ | Canadian Natural Res | PairCorr |
| 0.61 | TORO | Toro | PairCorr |
| 0.61 | SPGI | SP Global | PairCorr |
| 0.61 | KYOCF | Kyocera | PairCorr |
| 0.45 | EOLS | Evolus Inc | PairCorr |
| 0.44 | AVTBF | Avant Brands | PairCorr |
| 0.4 | WOPEF | Woodside Petroleum | PairCorr |
| 0.39 | HE | Hawaiian Electric | PairCorr |
| 0.38 | COP | ConocoPhillips | PairCorr |
| 0.38 | ASTI | Ascent Solar Technol Upward Rally | PairCorr |
| 0.83 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.76 | GM | General Motors | PairCorr |
| 0.76 | CM | Canadian Imperial Bank | PairCorr |
| 0.75 | PHAR | Pharming Group NV | PairCorr |
| 0.74 | NGENF | NervGen Pharma Corp | PairCorr |
| 0.74 | KODK | Eastman Kodak | PairCorr |
| 0.66 | DNGFF | Dongfang ElectricLimited | PairCorr |
| 0.64 | GSVRF | Guanajuato Silver | PairCorr |
| 0.64 | EGP | EastGroup Properties | PairCorr |
| 0.63 | NOEM | CO2 Energy Transition | PairCorr |
| 0.62 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.6 | TAK | Takeda Pharmaceutical | 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 Humble Pink Sheet performing well and Humble 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 Humble 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TXHE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UAPC | 8.86 | 1.71 | 0.06 | (0.84) | 10.26 | 25.00 | 76.19 | |||
| SAEC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WBRE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| USEI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBVTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STPJF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PSTRQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNVN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AKVA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Humble Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Humble Energy pink sheet to make a market-neutral strategy. Peer analysis of Humble Energy could also be used in its relative valuation, which is a method of valuing Humble Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Humble Energy?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.