Petro Rio Correlations
| PTRRY Stock | USD 10.33 0.55 5.62% |
The current 90-days correlation between Petro Rio SA and MEG Energy Corp is 0.01 (i.e., Significant diversification). The correlation of Petro Rio 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Petro Rio Correlation With Market
Poor diversification
The correlation between Petro Rio SA and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Petro Rio SA and DJI in the same portfolio, assuming nothing else is changed.
Petro |
The ability to find closely correlated positions to Petro Rio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petro Rio 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 Petro Rio - 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 Petro Rio SA to buy it.
Moving together with Petro Pink Sheet
| 0.85 | COP | ConocoPhillips | PairCorr |
| 0.9 | CNQ | Canadian Natural Res | PairCorr |
| 0.72 | EOG | EOG Resources | PairCorr |
| 0.85 | HES | Hess | PairCorr |
| 0.92 | OXY | Occidental Petroleum | PairCorr |
| 0.82 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.8 | YLLXF | Yellow Cake plc Downward Rally | PairCorr |
| 0.81 | DUK-PA | Duke Energy | PairCorr |
| 0.92 | LAND | Gladstone Land | PairCorr |
| 0.82 | NTZ | Natuzzi SpA | PairCorr |
| 0.63 | SHIP | Seanergy Maritime | PairCorr |
| 0.89 | CGECF | Cogeco Inc | PairCorr |
| 0.87 | SLSR | Solaris Resources | PairCorr |
| 0.87 | TOGOF | TomaGold | PairCorr |
| 0.93 | CAMZF | Camino Minerals | PairCorr |
| 0.78 | GRBK | Green Brick Partners | PairCorr |
| 0.93 | TLOFF | Talon Metals Corp | PairCorr |
| 0.82 | MEGI | MainStay CBRE Global Normal Trading | PairCorr |
| 0.8 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.7 | TATT | Tat Techno | PairCorr |
| 0.85 | AES | AES Aggressive Push | PairCorr |
| 0.87 | NNBR | NN Inc | PairCorr |
| 0.94 | CYD | China Yuchai Interna | PairCorr |
Moving against Petro Pink Sheet
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 Petro Pink Sheet performing well and Petro Rio 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 Petro Rio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MEGEF | 0.94 | 0.17 | 0.12 | 0.43 | 0.92 | 2.00 | 8.59 | |||
| SAPMF | 1.63 | 0.69 | 0.18 | 3.58 | 0.72 | 5.72 | 12.98 | |||
| MGYOY | 1.68 | 0.39 | 0.20 | 0.64 | 1.43 | 5.04 | 9.97 | |||
| DLKGF | 0.31 | (0.01) | 0.00 | (0.04) | 0.00 | 1.28 | 5.07 | |||
| GZPZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VOPKY | 0.48 | 0.18 | 0.00 | 1.86 | 0.00 | 1.33 | 7.32 | |||
| DKDRF | 1.53 | 0.44 | 0.08 | 8.50 | 1.52 | 5.70 | 13.23 | |||
| SUBCY | 1.39 | 0.52 | 0.36 | 0.84 | 0.93 | 3.57 | 7.88 | |||
| VOPKF | 0.40 | 0.07 | 0.00 | (3.04) | 0.00 | 1.97 | 6.45 | |||
| DELKY | 1.36 | 0.17 | 0.03 | (1.35) | 1.72 | 3.79 | 11.26 |
Be your own money manager
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Petro Rio Corporate Management
| Roberto Monteiro | Investor CEO | Profile | |
| Francisco Fernandes | COO Board | Profile | |
| Jose Costa | Investor Mang | Profile | |
| Rafael Sierra | Accountant | Profile | |
| Alex Mendonca | Sec | Profile | |
| Milton Neto | CFO Board | Profile |