Sixty Six Correlations

SSOF Stock

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The current 90-days correlation between Sixty Six Oilfield and Expro Group Holdings is -0.07 (i.e., Good diversification). The correlation of Sixty Six 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.

Sixty Six Correlation With Market

Good diversification

The correlation between Sixty Six Oilfield and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sixty Six Oilfield and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Sixty Pink Sheet

0.48	HAL	Halliburton Fiscal Year End 28th of January 2025	Pair Corr
0.44	NOV	NOV Inc	Pair Corr
0.4	SLB	Schlumberger NV Fiscal Year End 17th of January 2025	Pair Corr
0.33	EATBF	Eat Beyond Global	Pair Corr
0.31	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	XPRO	CHX	RNGR	WHD	MRC	VTOL	OIS	GEOS	WFRD	EFXT
XPRO		0.29	-0.68	-0.39	-0.27	0.24	-0.01	-0.79	0.86	-0.73	XPRO
CHX	0.29		0.24	0.67	0.65	0.54	0.65	0.15	0.5	0.29	CHX
RNGR	-0.68	0.24		0.77	0.8	0.43	0.67	0.87	-0.31	0.91	RNGR
WHD	-0.39	0.67	0.77		0.85	0.43	0.72	0.73	-0.06	0.75	WHD
MRC	-0.27	0.65	0.8	0.85		0.7	0.82	0.7	0.12	0.7	MRC
VTOL	0.24	0.54	0.43	0.43	0.7		0.81	0.21	0.57	0.23	VTOL
OIS	-0.01	0.65	0.67	0.72	0.82	0.81		0.44	0.4	0.52	OIS
GEOS	-0.79	0.15	0.87	0.73	0.7	0.21	0.44		-0.47	0.79	GEOS
WFRD	0.86	0.5	-0.31	-0.06	0.12	0.57	0.4	-0.47		-0.46	WFRD
EFXT	-0.73	0.29	0.91	0.75	0.7	0.23	0.52	0.79	-0.46		EFXT
	XPRO	CHX	RNGR	WHD	MRC	VTOL	OIS	GEOS	WFRD	EFXT

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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

EFXT	+ 0.91	RNGR
GEOS	+ 0.87	RNGR
WFRD	+ 0.86	XPRO
MRC	+ 0.85	WHD
OIS	+ 0.82	MRC
OIS	+ 0.81	VTOL

High negative correlations

GEOS	- 0.79	XPRO
EFXT	- 0.73	XPRO
RNGR	- 0.68	XPRO
WFRD	- 0.47	GEOS
EFXT	- 0.46	WFRD
WHD	- 0.39	XPRO

Risk-Adjusted Indicators

There is a big difference between Sixty Pink Sheet performing well and Sixty Six 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 Sixty Six'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
XPRO	2.11	(0.83)	0.00	(0.20)	0.00	0.00	4.03	(4.86)	15.49
CHX	1.45	(0.17)	(0.06)	0.01	1.85	(1.57)	2.87	(3.32)	11.10
RNGR	1.40	0.47	0.26	0.75	1.17	(1.61)	3.56	(2.21)	7.27
WHD	1.95	0.05	0.07	0.14	2.10	(2.24)	3.85	(4.46)	16.21
MRC	1.49	(0.07)	0.03	0.09	1.53	(1.71)	3.28	(2.94)	18.83
VTOL	1.57	(0.09)	(0.02)	0.05	2.18	(1.75)	2.89	(2.86)	12.05
OIS	2.43	0.03	0.04	0.14	2.68	(2.83)	5.26	(4.37)	15.23
GEOS	2.39	0.07	0.05	0.15	3.79	(2.52)	4.79	(3.88)	16.83
WFRD	2.13	(0.52)	0.00	(0.12)	0.00	0.00	3.62	(4.75)	14.60
EFXT	1.68	0.73	0.38	1.13	1.17	(2.09)	4.56	(2.72)	8.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sixty Six 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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Sixty Six Corporate Management

Jason Clayton	President	Profile
Donald Esq	Chief Officer	Profile
Donald Wood	VP Director	Profile
Jimmy Joslin	Ex VP	Profile
James Ruth	S Controller	Profile
Joseph Wright	Sales Mang	Profile
Daniel Sobolewski	Chief Officer	Profile

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