Shawcor Correlations
| SAWLFDelisted Stock | USD 15.13 0.02 0.13% |
The current 90-days correlation between Shawcor and STEP Energy Services is -0.05 (i.e., Good diversification). The correlation of Shawcor 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.
Shawcor Correlation With Market
Good diversification
The correlation between Shawcor and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shawcor and DJI in the same portfolio, assuming nothing else is changed.
Shawcor |
The ability to find closely correlated positions to Shawcor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shawcor 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 Shawcor - 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 Shawcor to buy it.
Moving together with Shawcor Pink Sheet
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| 0.91 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.82 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against Shawcor Pink Sheet
| 0.96 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.92 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.75 | EPGG | Empire Global Gaming | PairCorr |
| 0.68 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.66 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.58 | TPDDF | Talon Energy | PairCorr |
| 0.4 | GBHPF | Global Hemp Group | PairCorr |
| 0.34 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Shawcor Pink Sheet performing well and Shawcor 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 Shawcor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNVVF | 1.47 | 0.20 | 0.04 | 0.36 | 1.60 | 1.39 | 44.50 | |||
| EEYUF | 1.25 | 0.22 | 0.03 | 1.22 | 1.23 | 3.85 | 12.18 | |||
| TOTZF | 1.16 | 0.23 | 0.08 | 1.14 | 1.04 | 2.62 | 6.65 | |||
| TOLWF | 1.62 | (0.09) | 0.00 | (6.48) | 0.00 | 3.48 | 9.32 | |||
| HGHAF | 1.60 | (0.25) | 0.00 | 0.43 | 0.00 | 3.53 | 14.76 | |||
| CESDF | 1.89 | 0.21 | 0.06 | 0.44 | 2.40 | 4.54 | 14.98 | |||
| FET | 1.60 | (0.36) | 0.00 | (0.19) | 0.00 | 3.52 | 11.03 | |||
| DNOW | 1.53 | 0.00 | 0.08 | 0.13 | 1.37 | 3.55 | 14.99 | |||
| KLNG | 4.04 | 0.56 | 0.11 | 0.60 | 4.70 | 10.34 | 24.04 | |||
| TRRVF | 1.37 | 0.18 | 0.02 | 1.01 | 2.02 | 3.84 | 13.60 |
View Shawcor Related Equities
| Risk & Return | Correlation |
Shawcor Corporate Management
| Geoff Smith | Chief VP | Profile | |
| Timothy Hutzul | Gen Legal | Profile | |
| Meghan MacEachern | Director ESG | Profile | |
| Martin Perez | Group Systems | Profile | |
| Kevin Reizer | Group Group | Profile | |
| Thomas Holloway | Sr CFO | Profile | |
| Christopher Havern | Group Management | Profile |
Still Interested in Shawcor?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.