International Petroleum Correlations

IPCFF Stock

USD 14.20 0.54 3.66%

The current 90-days correlation between International Petroleum and NuVista Energy is 0.18 (i.e., Average diversification). The correlation of International Petroleum 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.

International Petroleum Correlation With Market

Good diversification

The correlation between International Petroleum and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Petroleum and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to International Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Petroleum 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 International Petroleum - 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 International Petroleum to buy it.

Moving together with International Pink Sheet

0.8	COHG	Cheetah Oil Gas	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.65	BA	Boeing	Pair Corr

Moving against International Pink Sheet

0.73	MRK	Merck Company Aggressive Push	Pair Corr
0.7	ERHE	ERHC Energy	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.55	CAT	Caterpillar	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr
0.32	HD	Home Depot	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	FNRC	OTTEF	RZREF	GXRFF	NUVSF	CNNEF	ORXPF	CIVII	TNEYF	CRLFF
FNRC		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FNRC
OTTEF	0.0		0.0	0.02	0.1	0.23	0.0	-0.14	0.06	0.26	OTTEF
RZREF	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RZREF
GXRFF	0.0	0.02	0.0		-0.05	-0.3	0.0	-0.12	0.25	0.2	GXRFF
NUVSF	0.0	0.1	0.0	-0.05		0.14	0.0	0.54	0.58	0.63	NUVSF
CNNEF	0.0	0.23	0.0	-0.3	0.14		0.0	0.08	0.08	0.3	CNNEF
ORXPF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ORXPF
CIVII	0.0	-0.14	0.0	-0.12	0.54	0.08	0.0		0.61	0.44	CIVII
TNEYF	0.0	0.06	0.0	0.25	0.58	0.08	0.0	0.61		0.72	TNEYF
CRLFF	0.0	0.26	0.0	0.2	0.63	0.3	0.0	0.44	0.72		CRLFF
	FNRC	OTTEF	RZREF	GXRFF	NUVSF	CNNEF	ORXPF	CIVII	TNEYF	CRLFF

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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

RZREF	+ 1.0	FNRC
CRLFF	+ 0.72	TNEYF
CRLFF	+ 0.63	NUVSF
TNEYF	+ 0.61	CIVII
TNEYF	+ 0.58	NUVSF
CIVII	+ 0.54	NUVSF

High negative correlations

CNNEF	- 0.3	GXRFF
CIVII	- 0.14	OTTEF
CIVII	- 0.12	GXRFF
NUVSF	- 0.05	GXRFF
CRLFF	- 0.0	ORXPF
TNEYF	- 0.0	ORXPF

Risk-Adjusted Indicators

There is a big difference between International Pink Sheet performing well and International Petroleum 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 International Petroleum'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
FNRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTTEF	22.83	7.27	0.15	(0.77)	16.12	(114.19)	40.00	(36.51)	713.20
RZREF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GXRFF	4.25	0.30	0.05	(0.40)	4.93	(6.43)	11.60	(10.71)	27.45
NUVSF	1.56	(0.31)	0.00	(1.24)	0.00	0.00	2.97	(3.84)	8.83
CNNEF	2.48	0.00	0.00	(0.02)	2.96	(3.03)	5.69	(4.70)	17.29
ORXPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CIVII	7.34	2.35	0.00	0.46	0.00	0.00	5.88	0.00	232.54
TNEYF	1.37	(0.05)	0.00	0.41	0.00	0.00	2.97	(3.64)	8.34
CRLFF	1.14	(0.10)	0.00	(0.57)	0.00	0.00	2.11	(2.34)	6.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in International Petroleum 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.

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International Petroleum Corporate Management

Jeffrey Fountain	Gen Sec	Profile
Christophe Nerguararian	Chief Officer	Profile
William Lundin	Chief Officer	Profile
Rebecca Gordon	VP Relations	Profile
Mike Nicholson	CEO Pres	Profile
Christopher Hogue	VP Canada	Profile

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