Geo Energy Correlations

GRYRF Stock

USD 0.21 0.00 0.00%

The correlation of Geo 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.

Geo Energy Correlation With Market

Average diversification

The correlation between Geo Energy Resources and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Geo Energy Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Geo 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 Geo 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 Geo 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 Geo Energy Resources to buy it.

Moving against Geo Pink Sheet

0.67	YACAF	Yancoal Australia	Pair Corr
0.56	WHITF	Whitehaven Coal Earnings Call This Week	Pair Corr
0.44	YZCHF	Yanzhou Coal Mining	Pair Corr
0.32	HNHPF	Hon Hai Precision	Pair Corr
0.7	AMPX	Amprius Technologies	Pair Corr

Related Correlations Analysis

	ARLP	SBFFY	EVRI	ECC	91324PBW1	CSWI	SAIHW	DOCS
ARLP		0.28	0.1	0.42	-0.15	0.81	0.41	0.66	ARLP
SBFFY	0.28		0.45	0.72	0.38	0.51	-0.13	0.79	SBFFY
EVRI	0.1	0.45		0.39	0.16	0.41	-0.05	0.43	EVRI
ECC	0.42	0.72	0.39		0.3	0.57	0.06	0.73	ECC
91324PBW1	-0.15	0.38	0.16	0.3		-0.02	-0.54	0.32	91324PBW1
CSWI	0.81	0.51	0.41	0.57	-0.02		0.27	0.83	CSWI
SAIHW	0.41	-0.13	-0.05	0.06	-0.54	0.27		0.06	SAIHW
DOCS	0.66	0.79	0.43	0.73	0.32	0.83	0.06		DOCS
	ARLP	SBFFY	EVRI	ECC	91324PBW1	CSWI	SAIHW	DOCS

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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

DOCS	+ 0.83	CSWI
CSWI	+ 0.81	ARLP
DOCS	+ 0.79	SBFFY
DOCS	+ 0.73	ECC
ECC	+ 0.72	SBFFY
DOCS	+ 0.66	ARLP

High negative correlations

SAIHW	- 0.54	91324PBW1
91324PBW1	- 0.15	ARLP
SAIHW	- 0.13	SBFFY
SAIHW	- 0.05	EVRI
CSWI	- 0.02	91324PBW1

Risk-Adjusted Indicators

There is a big difference between Geo Pink Sheet performing well and Geo 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 Geo 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
ARLP	0.90	0.00	(0.01)	0.07	1.39	(0.97)	1.83	(2.59)	5.90
SBFFY	0.75	0.23	0.00	0.49	0.00	0.00	0.00	0.00	23.05
EVRI	1.20	0.54	1.99	0.40	0.00	(1.33)	0.47	(0.23)	41.11
ECC	0.48	0.00	(0.07)	0.08	0.57	(0.55)	1.29	(1.03)	2.82
91324PBW1	0.68	0.04	(0.06)	(0.10)	0.80	(0.75)	1.37	(1.57)	5.76
CSWI	1.72	0.22	0.12	0.17	2.16	(1.95)	3.81	(2.88)	16.08
SAIHW	17.62	4.49	0.16	(0.54)	15.38	(29.54)	45.45	(35.46)	219.15
DOCS	1.88	0.61	0.32	0.72	1.28	(2.19)	2.88	(3.12)	42.30

Be your own money manager

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

Charles Melati	Founder Chairman	Profile
Dhamma Surya	Founder Director	Profile
Sheng Tan	Chief Officer	Profile
See Ng	Group Resource	Profile
Andreas Junanto	Head Production	Profile
Wei Lee	Company Sec	Profile
She Huang	Country Founder	Profile

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