Secure Energy Correlations

SECYF Stock

USD 13.87 0.31 2.29%

The current 90-days correlation between Secure Energy Services and Mitie Group Plc is 0.14 (i.e., Average diversification). The correlation of Secure 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.

Secure Energy Correlation With Market

Average diversification

The correlation between Secure Energy Services and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Secure Energy Services and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Secure 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 Secure 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 Secure 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 Secure Energy Services to buy it.

Moving together with Secure Pink Sheet

0.73	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.62	SHIP	Seanergy Maritime	Pair Corr
0.63	PLSE	Pulse Biosciences	Pair Corr

Moving against Secure Pink Sheet

0.44	GSTX	Graphene Solar Techn	Pair Corr
0.36	LRDC	Laredo Oil	Pair Corr
0.32	BAM	Brookfield Asset Man Normal Trading	Pair Corr

Related Correlations Analysis

	MITFY	KBAGF	EIFZF	BFFBF	HSQVY	PTAUF	SHZNY	IRRHF	TMRAY	CSPKY
MITFY		0.66	0.89	-0.7	0.77	0.7	0.0	-0.76	0.64	0.2	MITFY
KBAGF	0.66		0.65	-0.3	0.75	0.92	0.0	-0.87	0.85	0.34	KBAGF
EIFZF	0.89	0.65		-0.83	0.71	0.68	0.0	-0.74	0.6	0.25	EIFZF
BFFBF	-0.7	-0.3	-0.83		-0.4	-0.34	0.0	0.4	-0.3	-0.1	BFFBF
HSQVY	0.77	0.75	0.71	-0.4		0.78	0.0	-0.76	0.76	0.16	HSQVY
PTAUF	0.7	0.92	0.68	-0.34	0.78		0.0	-0.84	0.84	0.31	PTAUF
SHZNY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SHZNY
IRRHF	-0.76	-0.87	-0.74	0.4	-0.76	-0.84	0.0		-0.81	-0.37	IRRHF
TMRAY	0.64	0.85	0.6	-0.3	0.76	0.84	0.0	-0.81		0.23	TMRAY
CSPKY	0.2	0.34	0.25	-0.1	0.16	0.31	0.0	-0.37	0.23		CSPKY
	MITFY	KBAGF	EIFZF	BFFBF	HSQVY	PTAUF	SHZNY	IRRHF	TMRAY	CSPKY

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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

PTAUF	+ 0.92	KBAGF
EIFZF	+ 0.89	MITFY
TMRAY	+ 0.85	KBAGF
TMRAY	+ 0.84	PTAUF
PTAUF	+ 0.78	HSQVY
HSQVY	+ 0.77	MITFY

High negative correlations

IRRHF	- 0.87	KBAGF
IRRHF	- 0.84	PTAUF
BFFBF	- 0.83	EIFZF
TMRAY	- 0.81	IRRHF
IRRHF	- 0.76	HSQVY
IRRHF	- 0.76	MITFY

Risk-Adjusted Indicators

There is a big difference between Secure Pink Sheet performing well and Secure 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 Secure 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
MITFY	1.11	0.20	0.09	0.96	1.25	(1.40)	2.91	(2.79)	7.62
KBAGF	2.49	1.37	0.00	(0.66)	0.00	0.00	0.00	0.00	83.30
EIFZF	0.89	0.47	0.27	(2.85)	0.00	(1.36)	3.59	(1.46)	6.68
BFFBF	2.42	(0.94)	0.00	0.95	0.00	0.00	1.95	(10.00)	48.38
HSQVY	1.36	0.03	0.01	0.08	2.31	(1.39)	2.70	(3.17)	13.29
PTAUF	0.66	0.30	0.00	0.79	0.00	0.00	0.00	0.00	22.25
SHZNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IRRHF	0.20	(0.10)	0.00	0.67	0.00	0.00	0.00	0.00	4.79
TMRAY	1.75	0.09	0.03	0.19	2.01	(2.06)	4.14	(2.86)	8.27
CSPKY	0.08	0.03	0.00	0.79	0.00	0.00	0.00	0.00	2.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Secure 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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