Wildcat Petroleum Correlations

WCAT Stock

0.11 0.01 8.33%

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

Wildcat Petroleum Correlation With Market

Average diversification

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

The ability to find closely correlated positions to Wildcat 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 Wildcat 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 Wildcat 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 Wildcat Petroleum Plc to buy it.

Moving together with Wildcat Stock

0.68	LLPD	Lloyds Banking Group	Pair Corr
0.83	0XVE	BE Semiconductor Ind Earnings Call Today	Pair Corr
0.65	0A9G	Mereo BioPharma Group	Pair Corr
0.74	IBT	International Biotechnology	Pair Corr
0.76	0LSL	WEC Energy Group Earnings Call This Week	Pair Corr
0.63	SBID	State Bank	Pair Corr
0.65	BIOG	Biotech Growth	Pair Corr
0.69	0R15	SoftBank Group Corp	Pair Corr
0.64	0RCR	National Bank	Pair Corr

Moving against Wildcat Stock

0.41	0R1G	Home Depot	Pair Corr
0.35	0R1G	Home Depot	Pair Corr

Related Correlations Analysis

	HOC	OPTI	OPT	SPI	THRL	0QZ2	PALM
HOC		-0.68	0.73	0.6	-0.51	0.93	-0.34	HOC
OPTI	-0.68		-0.5	-0.31	0.47	-0.6	0.47	OPTI
OPT	0.73	-0.5		0.38	-0.74	0.71	0.08	OPT
SPI	0.6	-0.31	0.38		-0.17	0.74	-0.48	SPI
THRL	-0.51	0.47	-0.74	-0.17		-0.47	-0.09	THRL
0QZ2	0.93	-0.6	0.71	0.74	-0.47		-0.41	0QZ2
PALM	-0.34	0.47	0.08	-0.48	-0.09	-0.41		PALM
	HOC	OPTI	OPT	SPI	THRL	0QZ2	PALM

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

0QZ2	+ 0.93	HOC
0QZ2	+ 0.74	SPI
OPT	+ 0.73	HOC
0QZ2	+ 0.71	OPT
SPI	+ 0.6	HOC
THRL	+ 0.47	OPTI

High negative correlations

THRL	- 0.74	OPT
OPTI	- 0.68	HOC
0QZ2	- 0.6	OPTI
THRL	- 0.51	HOC
OPT	- 0.5	OPTI
PALM	- 0.48	SPI

Risk-Adjusted Indicators

There is a big difference between Wildcat Stock performing well and Wildcat 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 Wildcat 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
HOC	2.60	0.44	0.10	1.44	3.25	(3.30)	7.04	(3.81)	22.57
OPTI	2.01	(0.24)	0.00	0.76	0.00	0.00	5.67	(4.65)	15.77
OPT	0.54	0.00	(0.02)	0.07	0.89	(1.14)	1.38	(1.54)	7.18
SPI	1.51	0.09	0.04	0.18	1.58	(1.93)	4.07	(3.11)	18.74
THRL	0.84	(0.04)	0.00	(0.07)	0.00	0.00	1.76	(1.82)	4.30
0QZ2	2.58	0.44	0.10	0.41	3.21	(3.17)	5.72	(6.96)	21.18
PALM	2.50	0.26	0.03	(0.14)	2.85	(6.09)	8.86	(5.73)	29.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wildcat 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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Wildcat Petroleum Corporate Executives

Elected by the shareholders, the Wildcat Petroleum's board of directors comprises two types of representatives: Wildcat Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wildcat. The board's role is to monitor Wildcat Petroleum's management team and ensure that shareholders' interests are well served. Wildcat Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wildcat Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Satwant Kaur	Founder	Profile
	Glyn Roberts	Secretary Founder	Profile

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