Peyto ExplorationDevel Correlations
| PEYUF Stock | USD 11.84 0.09 0.75% |
The current 90-days correlation between Peyto ExplorationDevel and Birchcliff Energy is 0.82 (i.e., Very poor diversification). The correlation of Peyto ExplorationDevel 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.
Peyto ExplorationDevel Correlation With Market
Average diversification
The correlation between Peyto ExplorationDevelopment C and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peyto ExplorationDevelopment C and DJI in the same portfolio, assuming nothing else is changed.
Peyto |
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Moving together with Peyto Pink Sheet
| 0.68 | SSNLF | Samsung Electronics | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.73 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.72 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.82 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.77 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Peyto Pink Sheet
| 0.67 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.64 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | BKRKY | Bank Rakyat | PairCorr |
| 0.51 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.51 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.46 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.44 | PFE | Pfizer Inc Aggressive Push | 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 Peyto Pink Sheet performing well and Peyto ExplorationDevel 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 Peyto ExplorationDevel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIREF | 1.62 | (0.33) | 0.00 | (0.58) | 0.00 | 3.52 | 8.72 | |||
| TNEYF | 1.85 | 0.06 | 0.00 | 0.26 | 2.32 | 3.81 | 10.79 | |||
| GENGF | 1.80 | (0.45) | 0.00 | (0.52) | 0.00 | 2.70 | 11.28 | |||
| DALXF | 2.31 | (0.17) | 0.00 | (2.91) | 0.00 | 4.36 | 17.13 | |||
| YGRAF | 1.61 | (0.28) | 0.00 | (0.38) | 0.00 | 2.90 | 9.35 | |||
| MEGEF | 1.82 | (0.27) | 0.00 | (0.56) | 0.00 | 3.98 | 8.90 | |||
| KELTF | 1.77 | 0.11 | 0.01 | 0.43 | 2.15 | 4.58 | 17.76 | |||
| AETUF | 2.22 | (0.39) | 0.00 | (0.36) | 0.00 | 3.97 | 17.09 | |||
| PREKF | 1.14 | 0.03 | (0.03) | 0.21 | 1.48 | 3.15 | 7.24 | |||
| ATHOF | 1.70 | (0.18) | 0.00 | (1.17) | 0.00 | 2.92 | 8.36 |
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Peyto ExplorationDevel Corporate Management
| David Thomas | VP of Exploration | Profile | |
| Lydia Hamaliuk | Ma HR | Profile | |
| Kathy CA | CFO Fin | Profile | |
| Scott PEng | VP Devel | Profile |