ShaMaran Petroleum Correlations

SHASF Stock

USD 0.17 0.01 6.25%

The current 90-days correlation between ShaMaran Petroleum Corp and PetroTal Corp is 0.07 (i.e., Significant diversification). The correlation of ShaMaran Petroleum 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.

ShaMaran Petroleum Correlation With Market

Good diversification

The correlation between ShaMaran Petroleum Corp and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ShaMaran Petroleum Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ShaMaran Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ShaMaran Petroleum 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 ShaMaran Petroleum - 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 ShaMaran Petroleum Corp to buy it.

Moving together with ShaMaran Pink Sheet

0.69	GE	GE Aerospace	Pair Corr
0.69	INTC	Intel Aggressive Push	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr

Moving against ShaMaran Pink Sheet

0.63	PBCRY	Bank Central Asia	Pair Corr
0.61	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.61	KO	Coca Cola	Pair Corr
0.58	BA	Boeing	Pair Corr
0.53	DIS	Walt Disney	Pair Corr
0.5	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.4	PG	Procter Gamble	Pair Corr
0.37	PPERF	Bank Mandiri Persero Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ATUUF	ZPTAF	PTALF	PTHRF	KRNGY	CAOLF	COPJF	ATONF	SHLLF	SBOEF
ATUUF		-0.45	-0.49	0.43	-0.72	0.0	0.5	-0.48	0.81	-0.7	ATUUF
ZPTAF	-0.45		0.38	-0.54	0.3	0.0	-0.32	0.46	-0.42	0.3	ZPTAF
PTALF	-0.49	0.38		-0.07	0.28	0.0	-0.7	0.59	-0.67	0.8	PTALF
PTHRF	0.43	-0.54	-0.07		-0.06	0.0	-0.15	-0.53	0.25	-0.1	PTHRF
KRNGY	-0.72	0.3	0.28	-0.06		0.0	-0.58	0.18	-0.71	0.53	KRNGY
CAOLF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CAOLF
COPJF	0.5	-0.32	-0.7	-0.15	-0.58	0.0		-0.42	0.79	-0.71	COPJF
ATONF	-0.48	0.46	0.59	-0.53	0.18	0.0	-0.42		-0.65	0.49	ATONF
SHLLF	0.81	-0.42	-0.67	0.25	-0.71	0.0	0.79	-0.65		-0.81	SHLLF
SBOEF	-0.7	0.3	0.8	-0.1	0.53	0.0	-0.71	0.49	-0.81		SBOEF
	ATUUF	ZPTAF	PTALF	PTHRF	KRNGY	CAOLF	COPJF	ATONF	SHLLF	SBOEF

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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

SHLLF	+ 0.81	ATUUF
SBOEF	+ 0.8	PTALF
SHLLF	+ 0.79	COPJF
ATONF	+ 0.59	PTALF
SBOEF	+ 0.53	KRNGY
COPJF	+ 0.5	ATUUF

High negative correlations

SBOEF	- 0.81	SHLLF
KRNGY	- 0.72	ATUUF
SBOEF	- 0.71	COPJF
SHLLF	- 0.71	KRNGY
COPJF	- 0.7	PTALF
SBOEF	- 0.7	ATUUF

Risk-Adjusted Indicators

There is a big difference between ShaMaran Pink Sheet performing well and ShaMaran Petroleum 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 ShaMaran Petroleum'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
ATUUF	2.32	0.56	0.25	0.80	1.54	(3.53)	6.33	(3.77)	34.17
ZPTAF	1.43	(0.12)	0.00	(0.11)	0.00	0.00	3.54	(3.46)	11.24
PTALF	1.58	(0.13)	0.00	(0.04)	0.00	0.00	4.55	(4.08)	11.32
PTHRF	3.18	0.43	0.06	(0.78)	3.41	(5.18)	7.32	(5.71)	30.30
KRNGY	1.22	(0.30)	0.00	(1.64)	0.00	0.00	0.00	(0.88)	37.70
CAOLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COPJF	0.54	0.20	0.00	(0.77)	0.00	0.00	0.00	0.00	12.13
ATONF	0.87	(0.44)	0.00	4.15	0.00	0.00	0.00	0.00	29.17
SHLLF	2.37	1.16	0.00	12.11	0.00	0.00	5.43	(0.77)	41.65
SBOEF	0.26	(0.13)	0.00	0.67	0.00	0.00	0.00	0.00	4.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in ShaMaran Petroleum 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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ShaMaran Petroleum Corporate Management

Adel PE	CEO Pres	Profile
Kathy Love	Assistant Corporate Secretary	Profile
Alex Lengyel	Chief Sec	Profile
Sophia Shane	Head Relations	Profile
Elvis Pellumbi	Chief Officer	Profile

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