Topaz Energy Correlations

TPZ Stock

CAD 30.09 -0.35 -1.15%

The current 90-days correlation between Topaz Energy Corp and Gibson Energy is 0.38 (i.e., Moderate diversification).Its correlation with fixed-income and commodity benchmarks reveals whether the stock behaves as risk-on or risk-off.

Correlation With Market: Topaz Energy

Near-perfect hedge

The correlation between Topaz Energy and Dow Jones is -0.74, which Macroaxis classifies as Near-perfect hedge for the selected horizon. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Correlation data for Topaz Energy reflects how it moves relative to similar exposures. Regulatory context is included as part of the dataset.

Moving together with Topaz Stock

0.66	ENB-PFC	Enbridge Pref 11	Pair Corr
0.79	ENS	E Split Corp	Pair Corr
0.66	ENS-PA	E Split Corp	Pair Corr

Moving Against Topaz Stock

0.62	AAPL	Apple CDR Earnings Call This Week	Pair Corr
0.62	AAPL	Apple Inc CDR	Pair Corr
0.6	GOOG	Alphabet CDR	Pair Corr
0.6	GOOG	Alphabet CDR	Pair Corr
0.39	SAGE	Sage Potash Corp	Pair Corr
0.38	BRK	Berkshire Hathaway CDR	Pair Corr

Related Correlations Analysis

	GEI	PEY	ATH	POU	DML	TWM	TVK	TVE	FRU
GEI		0.73	0.37	0.79	-0.33	0.31	-0.2	0.55	0.78	GEI
PEY	0.73		-0.02	0.72	-0.32	-0.09	-0.06	0.26	0.62	PEY
ATH	0.37	-0.02		0.5	-0.36	0.91	-0.66	0.92	0.34	ATH
POU	0.79	0.72	0.5		-0.41	0.48	-0.42	0.76	0.76	POU
DML	-0.33	-0.32	-0.36	-0.41		-0.19	0.46	-0.39	-0.01	DML
TWM	0.31	-0.09	0.91	0.48	-0.19		-0.62	0.86	0.38	TWM
TVK	-0.2	-0.06	-0.66	-0.42	0.46	-0.62		-0.64	-0.01	TVK
TVE	0.55	0.26	0.92	0.76	-0.39	0.86	-0.64		0.54	TVE
FRU	0.78	0.62	0.34	0.76	-0.01	0.38	-0.01	0.54		FRU
	GEI	PEY	ATH	POU	DML	TWM	TVK	TVE	FRU

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

TVE	+ 0.92	ATH
TWM	+ 0.91	ATH
TVE	+ 0.86	TWM
POU	+ 0.79	GEI
FRU	+ 0.78	GEI
TVE	+ 0.76	POU

High negative correlations

TVK	- 0.66	ATH
TVE	- 0.64	TVK
TVK	- 0.62	TWM
TVK	- 0.42	POU
DML	- 0.41	POU
TVE	- 0.39	DML

Risk-Adjusted Indicators

Return momentum in Topaz Stock is more useful when tested against peer-relative fundamentals and risk. Reviewing Topaz Energy's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GEI	0.92	0.13	0.12	-0.60	0.90	-1.03	2.04	-1.85	4.98
PEY	1.33	0.02	0.01	-0.04	1.87	-1.36	2.95	-3.05	9.22
ATH	2.26	0.62	0.19	-0.97	2.75	-2.39	4.61	-3.85	16.14
POU	1.40	0.25	0.11	-1.24	1.93	-1.49	3.03	-2.98	15.14
DML	3.34	0.11	0.03	0.22	4.15	-3.36	7.10	-5.88	18.83
TWM	2.47	1.09	0.43	1.38	1.63	-3.09	7.95	-3.57	16.17
TVK	2.50	-0.03	0.00	-0.16	0.00	0.00	3.95	-5.48	13.47
TVE	2.03	0.49	0.17	-1.47	2.43	-2.18	4.20	-3.16	12.32
FRU	1.12	0.13	0.08	-13.83	1.57	-1.13	2.07	-1.95	7.17

Be Your Own Money Manager

Portfolio optimization matters because investors need a repeatable way to decide whether adding Topaz Energy Corp improves expected return without taking on disproportionate risk. When applied, optimization turns position sizing and rebalancing into measurable decisions rather than guesswork.

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