Pantheon Resources Correlations
| PTHRF Stock | USD 0.32 0.01 3.23% |
The current 90-days correlation between Pantheon Resources Plc and Permian Resources is 0.04 (i.e., Significant diversification). The correlation of Pantheon Resources 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.
Pantheon Resources Correlation With Market
Significant diversification
The correlation between Pantheon Resources Plc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pantheon Resources Plc and DJI in the same portfolio, assuming nothing else is changed.
Pantheon |
The ability to find closely correlated positions to Pantheon Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pantheon Resources 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 Pantheon Resources - 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 Pantheon Resources Plc to buy it.
Moving together with Pantheon OTC Stock
| 0.65 | EOG | EOG Resources | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.77 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.87 | AXON | Axon Enterprise | PairCorr |
| 0.7 | NVDA | NVIDIA | PairCorr |
| 0.75 | VRT | Vertiv Holdings | PairCorr |
| 0.85 | NDAQ | Nasdaq Inc | PairCorr |
| 0.7 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.88 | IONQ | IONQ Inc | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.75 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.85 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.62 | T | ATT Inc Aggressive Push | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.8 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against Pantheon OTC Stock
| 0.86 | DPSTF | Deutsche Post AG | PairCorr |
| 0.84 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.83 | VLKAF | Volkswagen AG | PairCorr |
| 0.83 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.81 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.4 | WOPEF | Woodside Petroleum | PairCorr |
| 0.39 | OXY | Occidental Petroleum | PairCorr |
| 0.88 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.57 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.43 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.17 | 0.92 | 0.95 | 0.34 | 0.67 | PR | ||
| -0.17 | 0.02 | -0.23 | 0.78 | 0.32 | DVN | ||
| 0.92 | 0.02 | 0.87 | 0.51 | 0.77 | EOG | ||
| 0.95 | -0.23 | 0.87 | 0.25 | 0.57 | CTRA | ||
| 0.34 | 0.78 | 0.51 | 0.25 | 0.63 | FANG | ||
| 0.67 | 0.32 | 0.77 | 0.57 | 0.63 | COP | ||
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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 Pantheon OTC Stock performing well and Pantheon Resources 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 Pantheon Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PR | 1.64 | 0.04 | 0.02 | 0.16 | 1.95 | 2.90 | 8.22 | |||
| DVN | 1.31 | (0.30) | 0.00 | (0.38) | 0.00 | 2.14 | 7.08 | |||
| EOG | 1.16 | (0.01) | (0.03) | 0.11 | 1.56 | 1.92 | 9.26 | |||
| CTRA | 1.18 | 0.08 | 0.03 | 0.22 | 1.35 | 2.27 | 8.03 | |||
| FANG | 1.67 | (0.21) | 0.00 | (0.19) | 0.00 | 3.00 | 9.60 | |||
| COP | 1.28 | (0.10) | 0.00 | (0.14) | 0.00 | 2.59 | 11.42 |
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