Pembina Pipeline Correlations

PPLAF Stock

USD 18.00 0.00 0.00%

The current 90-days correlation between Pembina Pipeline and TC Energy Corp is -0.26 (i.e., Very good diversification). The correlation of Pembina Pipeline 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.

Pembina Pipeline Correlation With Market

Significant diversification

The correlation between Pembina Pipeline 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 Pembina Pipeline and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pembina OTC Stock

0.63	ENB	Enbridge	Pair Corr
0.75	EPD	Enterprise Products	Pair Corr
0.67	OKE	ONEOK Inc	Pair Corr
0.73	LNG	Cheniere Energy Sell-off Trend	Pair Corr
0.61	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.68	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.64	MFG	Mizuho Financial	Pair Corr
0.82	JPHLF	Japan Post Holdings	Pair Corr
0.65	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against Pembina OTC Stock

0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.42	KO	Coca Cola Sell-off Trend	Pair Corr
0.39	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.32	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	TRP	ENB	PBA	WMB	KMI	EPD	OKE	ET
TRP		0.82	0.7	0.97	0.96	0.64	0.83	0.75	TRP
ENB	0.82		0.48	0.87	0.89	0.89	0.95	0.91	ENB
PBA	0.7	0.48		0.59	0.57	0.17	0.37	0.3	PBA
WMB	0.97	0.87	0.59		0.99	0.78	0.92	0.86	WMB
KMI	0.96	0.89	0.57	0.99		0.8	0.93	0.88	KMI
EPD	0.64	0.89	0.17	0.78	0.8		0.93	0.97	EPD
OKE	0.83	0.95	0.37	0.92	0.93	0.93		0.95	OKE
ET	0.75	0.91	0.3	0.86	0.88	0.97	0.95		ET
	TRP	ENB	PBA	WMB	KMI	EPD	OKE	ET

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Risk-Adjusted Indicators

There is a big difference between Pembina OTC Stock performing well and Pembina Pipeline OTC Stock 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 Pembina Pipeline'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
TRP	0.98	0.21	0.11	0.72	0.91	(1.06)	2.07	(1.85)	5.29
ENB	0.64	0.10	0.03	0.40	0.46	(0.76)	1.41	(1.04)	3.55
PBA	0.69	0.08	(0.06)	(0.20)	1.07	(0.69)	1.49	(1.01)	5.74
WMB	1.02	0.32	0.25	0.65	0.75	(1.23)	2.32	(1.67)	6.75
KMI	0.94	0.34	0.35	0.58	0.42	(1.26)	1.93	(1.40)	8.88
EPD	0.58	0.20	0.18	0.72	0.19	(0.69)	1.61	(1.07)	3.75
OKE	1.20	0.32	0.15	0.68	1.52	(1.36)	2.90	(2.58)	8.37
ET	0.67	0.27	0.34	0.67	0.00	(0.86)	2.16	(1.01)	4.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pembina Pipeline 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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Pembina Pipeline Corporate Management

Elected by the shareholders, the Pembina Pipeline's board of directors comprises two types of representatives: Pembina Pipeline inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pembina. The board's role is to monitor Pembina Pipeline's management team and ensure that shareholders' interests are well served. Pembina Pipeline's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pembina Pipeline's outside directors are responsible for providing unbiased perspectives on the board's policies.

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