Frontera Energy Correlations

FECCF Stock

USD 3.68 0.08 2.22%

The current 90-days correlation between Frontera Energy Corp and EnQuest PLC is -0.35 (i.e., Very good diversification). The correlation of Frontera 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.

Frontera Energy Correlation With Market

Modest diversification

The correlation between Frontera Energy Corp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontera Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Frontera 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 Frontera 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 Frontera 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 Frontera Energy Corp to buy it.

Moving together with Frontera Pink Sheet

0.77	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.68	PBCRY	Bank Central Asia	Pair Corr
0.69	BA	Boeing Earnings Call This Week	Pair Corr
0.77	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against Frontera Pink Sheet

0.95	JNJ	Johnson Johnson	Pair Corr
0.93	INTC	Intel Aggressive Push	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.71	WMT	Walmart	Pair Corr
0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.59	SHG	Shinhan Financial Earnings Call Today	Pair Corr
0.49	JPM	JPMorgan Chase	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.36	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	ENQUF	TUWOY	WDGJF	GEGYF	EXCE	PESAF	TUWLF	IPOOF	HZNFF	FGPR
ENQUF		0.4	-0.31	-0.26	-0.84	0.0	0.5	-0.64	-0.43	-0.61	ENQUF
TUWOY	0.4		0.02	-0.02	-0.49	0.0	0.67	-0.43	0.2	-0.43	TUWOY
WDGJF	-0.31	0.02		0.25	0.41	0.0	-0.07	0.28	0.24	0.16	WDGJF
GEGYF	-0.26	-0.02	0.25		0.44	0.0	0.06	0.56	0.08	-0.02	GEGYF
EXCE	-0.84	-0.49	0.41	0.44		0.0	-0.48	0.68	0.25	0.72	EXCE
PESAF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PESAF
TUWLF	0.5	0.67	-0.07	0.06	-0.48	0.0		-0.53	-0.11	-0.5	TUWLF
IPOOF	-0.64	-0.43	0.28	0.56	0.68	0.0	-0.53		0.24	0.35	IPOOF
HZNFF	-0.43	0.2	0.24	0.08	0.25	0.0	-0.11	0.24		0.05	HZNFF
FGPR	-0.61	-0.43	0.16	-0.02	0.72	0.0	-0.5	0.35	0.05		FGPR
	ENQUF	TUWOY	WDGJF	GEGYF	EXCE	PESAF	TUWLF	IPOOF	HZNFF	FGPR

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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

FGPR	+ 0.72	EXCE
IPOOF	+ 0.68	EXCE
TUWLF	+ 0.67	TUWOY
IPOOF	+ 0.56	GEGYF
TUWLF	+ 0.5	ENQUF
EXCE	+ 0.44	GEGYF

High negative correlations

EXCE	- 0.84	ENQUF
IPOOF	- 0.64	ENQUF
FGPR	- 0.61	ENQUF
IPOOF	- 0.53	TUWLF
FGPR	- 0.5	TUWLF
EXCE	- 0.49	TUWOY

Risk-Adjusted Indicators

There is a big difference between Frontera Pink Sheet performing well and Frontera 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 Frontera 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
ENQUF	0.69	(0.33)	0.00	0.42	0.00	0.00	0.00	0.00	12.50
TUWOY	5.94	(0.08)	0.00	0.00	6.91	(13.07)	16.67	(14.29)	33.29
WDGJF	8.37	1.76	0.06	0.49	11.71	(20.38)	15.63	(17.95)	145.36
GEGYF	1.05	(0.06)	0.00	2.08	0.00	0.00	1.19	(5.05)	25.36
EXCE	1.21	0.31	0.07	0.44	1.14	(4.79)	4.42	(2.43)	14.36
PESAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TUWLF	3.14	(0.39)	0.00	12.34	0.00	0.00	13.33	(6.67)	60.18
IPOOF	1.63	0.25	0.10	0.47	2.00	(1.60)	3.60	(3.30)	10.73
HZNFF	5.85	1.03	0.04	2.71	7.79	(25.18)	23.08	(14.29)	71.18
FGPR	2.24	0.62	0.28	0.83	1.52	(3.23)	4.84	(3.31)	18.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Frontera 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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Frontera Energy Corporate Management

Orlando Segovia	CEO Director	Profile
Luciano Biondi	Pres Stratus	Profile
Rene Diaz	Chief Officer	Profile
Anne Walters	Head Sec	Profile
Victor Vega	Reservoir Devel	Profile

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