Canadian Overseas Related Correlations

VELXF Stock

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Generate correlation matrix for Canadian Overseas and other related equities to check the degree to which Canadian Overseas Petroleum price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Canadian Overseas Petroleum. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Overseas Petroleum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

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Please note, there is a significant difference between Canadian Overseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Overseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Overseas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	BVN	MUX	EXK	HL	SILV
BVN		0.49	0.49	0.32	0.51	BVN
MUX	0.49		0.98	0.93	0.93	MUX
EXK	0.49	0.98		0.95	0.95	EXK
HL	0.32	0.93	0.95		0.92	HL
SILV	0.51	0.93	0.95	0.92		SILV
	BVN	MUX	EXK	HL	SILV

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Risk-Adjusted Indicators

There is a big difference between Canadian Pink Sheet performing well and Canadian Overseas 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 Canadian Overseas' 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
BVN	1.61	0.09	0.05	0.14	1.80	(1.77)	3.38	(3.11)	8.84
MUX	2.60	0.74	0.30	0.48	1.95	(3.20)	7.51	(3.90)	18.33
EXK	3.25	0.49	0.20	0.24	2.60	(4.34)	8.72	(4.49)	20.20
HL	2.72	0.41	0.08	(0.25)	2.85	(2.97)	6.15	(4.48)	12.59
SILV	2.40	0.35	0.10	2.90	2.70	(2.77)	6.02	(3.92)	13.62

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Canadian Overseas Related Correlations

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