Barrister Energy Correlations

CJAX Stock

USD 3.10 0.00 0.00%

The correlation of Barrister 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Barrister Energy Correlation With Market

Good diversification

The correlation between Barrister Energy LLC and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrister Energy LLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Barrister 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 Barrister 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 Barrister 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 Barrister Energy LLC to buy it.

Moving together with Barrister Pink Sheet

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0.78	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.76	HNHPF	Hon Hai Precision	Pair Corr
0.65	DPSTF	Deutsche Post AG	Pair Corr
0.75	SUUIF	Superior Plus Corp	Pair Corr
0.64	C	Citigroup Aggressive Push	Pair Corr
0.66	SCVL	Shoe Carnival	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.74	AXP	American Express	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.75	MMM	3M Company Sell-off Trend	Pair Corr
0.75	BA	Boeing Earnings Call This Week	Pair Corr

Moving against Barrister Pink Sheet

0.54	KO	Coca Cola	Pair Corr
0.46	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	BRNGF	ATUUF	DBRM	CSTPF	CLMEF	ADXRF	AERN	NSLPQ
BRNGF		-0.87	0.0	-0.22	0.0	0.51	0.0	0.0	BRNGF
ATUUF	-0.87		0.0	0.4	0.0	-0.51	0.0	0.0	ATUUF
DBRM	0.0	0.0		0.0	-1.0	0.0	0.0	0.0	DBRM
CSTPF	-0.22	0.4	0.0		0.0	-0.01	0.0	0.0	CSTPF
CLMEF	0.0	0.0	-1.0	0.0		0.0	0.0	0.0	CLMEF
ADXRF	0.51	-0.51	0.0	-0.01	0.0		0.0	0.0	ADXRF
AERN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AERN
NSLPQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NSLPQ
	BRNGF	ATUUF	DBRM	CSTPF	CLMEF	ADXRF	AERN	NSLPQ

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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

ADXRF	+ 0.51	BRNGF
CSTPF	+ 0.4	ATUUF
DBRM	+ 0.0	BRNGF
CLMEF	+ 0.0	BRNGF
AERN	+ 0.0	BRNGF
NSLPQ	+ 0.0	BRNGF

High negative correlations

CLMEF	- 1.0	DBRM
ATUUF	- 0.87	BRNGF
ADXRF	- 0.51	ATUUF
CSTPF	- 0.22	BRNGF
ADXRF	- 0.01	CSTPF
NSLPQ	- 0.0	AERN

Risk-Adjusted Indicators

There is a big difference between Barrister Pink Sheet performing well and Barrister 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 Barrister 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
BRNGF	2.04	(0.94)	0.00	1.80	0.00	0.00	0.00	0.00	33.33
ATUUF	2.06	0.41	0.18	0.65	1.43	(3.18)	6.67	(3.47)	16.25
DBRM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSTPF	4.65	0.84	0.03	(1.92)	6.14	(16.11)	13.64	(12.50)	97.20
CLMEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADXRF	2.54	0.12	0.00	0.12	0.00	0.00	0.00	0.00	113.43
AERN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NSLPQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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