Pieridae Energy Correlations

PTOAF Stock

USD 0.20 0.01 5.26%

The current 90-days correlation between Pieridae Energy and Southern Cross Media is -0.1 (i.e., Good diversification). The correlation of Pieridae Energy 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.

Pieridae Energy Correlation With Market

Good diversification

The correlation between Pieridae Energy Limited and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pieridae Energy Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Pieridae Pink Sheet

0.47	COP	ConocoPhillips	Pair Corr
0.33	CNQ	Canadian Natural Res	Pair Corr
0.32	HNRC	Houston Natural Resources	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.55	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.53	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.52	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.51	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.48	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.44	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.35	JNJ	Johnson Johnson Earnings Call Today	Pair Corr

Related Correlations Analysis

	SOUTF	ITEEF	GXRFF	GASXF	ROKRF	PSHIF	BNGLF	SLGYF	PTRUF	RSRV
SOUTF		0.32	0.47	0.41	0.52	0.49	0.25	0.0	-0.03	0.42	SOUTF
ITEEF	0.32		0.11	0.15	0.23	0.23	0.05	0.0	-0.15	0.04	ITEEF
GXRFF	0.47	0.11		-0.28	0.37	0.51	-0.21	0.0	0.15	0.29	GXRFF
GASXF	0.41	0.15	-0.28		-0.06	-0.18	0.26	0.0	-0.41	0.25	GASXF
ROKRF	0.52	0.23	0.37	-0.06		0.27	0.09	0.0	0.44	0.01	ROKRF
PSHIF	0.49	0.23	0.51	-0.18	0.27		0.21	0.0	-0.05	0.22	PSHIF
BNGLF	0.25	0.05	-0.21	0.26	0.09	0.21		0.0	0.0	0.19	BNGLF
SLGYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SLGYF
PTRUF	-0.03	-0.15	0.15	-0.41	0.44	-0.05	0.0	0.0		-0.31	PTRUF
RSRV	0.42	0.04	0.29	0.25	0.01	0.22	0.19	0.0	-0.31		RSRV
	SOUTF	ITEEF	GXRFF	GASXF	ROKRF	PSHIF	BNGLF	SLGYF	PTRUF	RSRV

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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

ROKRF	+ 0.52	SOUTF
PSHIF	+ 0.51	GXRFF
PSHIF	+ 0.49	SOUTF
GXRFF	+ 0.47	SOUTF
PTRUF	+ 0.44	ROKRF
RSRV	+ 0.42	SOUTF

High negative correlations

PTRUF	- 0.41	GASXF
RSRV	- 0.31	PTRUF
GASXF	- 0.28	GXRFF
BNGLF	- 0.21	GXRFF
PSHIF	- 0.18	GASXF
PTRUF	- 0.15	ITEEF

Risk-Adjusted Indicators

There is a big difference between Pieridae Pink Sheet performing well and Pieridae Energy 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 Pieridae Energy'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
SOUTF	4.31	0.56	0.04	1.51	5.97	(9.98)	15.83	(11.19)	48.16
ITEEF	2.56	(0.71)	0.00	(2.85)	0.00	0.00	6.67	(6.67)	13.33
GXRFF	4.79	0.39	0.05	(2.02)	5.37	(6.64)	11.60	(11.27)	31.63
GASXF	2.04	0.26	0.07	(0.93)	2.06	(3.38)	6.35	(4.41)	16.48
ROKRF	2.23	(0.18)	0.00	2.31	0.00	0.00	8.33	(7.69)	17.42
PSHIF	1.09	(0.05)	0.00	(0.06)	0.00	0.00	3.57	(3.45)	16.52
BNGLF	5.23	0.77	0.00	(1.47)	0.00	0.00	0.00	(23.81)	134.07
SLGYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTRUF	1.04	(0.08)	0.00	(0.36)	0.00	0.00	2.08	(2.86)	10.00
RSRV	1.14	0.18	0.03	(0.51)	1.52	(3.27)	3.90	(3.75)	13.30

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Our tools can tell you how much better you can do entering a position in Pieridae Energy 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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Pieridae Energy Corporate Management

Darcy Reding	Pres COO	Profile
Adam Gray	Chief Officer	Profile
Justine Davis	VP Devel	Profile
Thomas Valentine	Co Sec	Profile
Gregory Feltham	VP Exploration	Profile
James Millar	Director Relations	Profile

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