Inpex Correlations
| IPXHFDelisted Stock | USD 19.86 0.00 0.00% |
The current 90-days correlation between Inpex and Repsol SA is -0.18 (i.e., Good diversification). The correlation of Inpex 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.
Inpex Correlation With Market
Significant diversification
The correlation between Inpex and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inpex and DJI in the same portfolio, assuming nothing else is changed.
Inpex |
The ability to find closely correlated positions to Inpex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inpex 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 Inpex - 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 Inpex to buy it.
Moving together with Inpex Pink Sheet
| 0.65 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.85 | BNPQY | BNP Paribas SA | PairCorr |
| 0.72 | SMEGF | Siemens Energy AG | PairCorr |
| 0.8 | EDVMF | Endeavour Mining Corp | PairCorr |
| 0.68 | TEX | Terex | PairCorr |
| 0.67 | RIOFF | Rio2 Limited | PairCorr |
| 0.82 | FOSL | Fossil Group | PairCorr |
| 0.81 | GVA | Granite Construction | PairCorr |
| 0.68 | NTR | Nutrien | PairCorr |
| 0.82 | DTSQU | DT Cloud Star | PairCorr |
Moving against Inpex Pink Sheet
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.55 | PBCRF | PT Bank Central Earnings Call Today | PairCorr |
| 0.5 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.39 | PTAIF | PT Astra International | PairCorr |
| 0.35 | NVDA | NVIDIA | PairCorr |
| 0.68 | ASST | Strive Asset Management | PairCorr |
| 0.67 | CNTRF | Centr Brands Corp | PairCorr |
| 0.43 | TRRGF | Transatlantic Mining Corp | 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 Inpex Pink Sheet performing well and Inpex 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 Inpex'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REPYY | 1.36 | 0.13 | 0.03 | 0.71 | 1.77 | 3.12 | 10.15 | |||
| REPYF | 2.90 | 0.20 | 0.02 | 0.65 | 3.68 | 5.80 | 16.12 | |||
| PEXNY | 3.05 | (0.25) | 0.00 | (1.04) | 0.00 | 5.85 | 50.05 | |||
| TNRSF | 0.75 | 0.13 | 0.00 | 0.52 | 0.00 | 1.48 | 22.06 | |||
| TRMLF | 1.25 | (0.06) | (0.05) | 0.02 | 1.51 | 2.56 | 5.99 | |||
| CCOZF | 0.46 | 0.12 | 0.00 | (0.10) | 0.00 | 0.00 | 13.80 | |||
| PTXLF | 0.57 | (0.28) | 0.00 | (0.70) | 0.00 | 0.00 | 6.59 | |||
| WOPEF | 1.98 | 0.33 | 0.03 | (0.85) | 2.63 | 8.11 | 23.59 | |||
| OMVJF | 0.39 | 0.10 | 0.00 | 0.61 | 0.00 | 1.34 | 6.54 | |||
| CCOZY | 0.45 | 0.20 | 0.00 | (0.43) | 0.00 | 0.00 | 11.96 |
Inpex 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 Inpex pink sheet to make a market-neutral strategy. Peer analysis of Inpex could also be used in its relative valuation, which is a method of valuing Inpex by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Inpex Corporate Management
| Kimihisa Kittaka | VP of Corporate Strategy and Planning Division, General Manager of Corporate Strategy and Planning Unit, General Manager of Corporate Communication Unit and Executive Officer | Profile | |
| Nobusuke Shimada | Executive Officer, General Manager of Area Business Unit | Profile | |
| Nobuharu Sase | Executive Officer, General Manager of Crude Oil Sales Unit | Profile | |
| Daisuke Yamada | Sr Officer | Profile |
Still Interested in Inpex?
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.