ARC Resources Correlations
| AETUFDelisted Stock | USD 11.35 0.22 1.90% |
The current 90-days correlation between ARC Resources and Whitecap Resources is 0.18 (i.e., Average diversification). The correlation of ARC Resources 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.
ARC Resources Correlation With Market
Good diversification
The correlation between ARC Resources and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARC Resources and DJI in the same portfolio, assuming nothing else is changed.
ARC |
The ability to find closely correlated positions to ARC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARC Resources 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 ARC Resources - 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 ARC Resources to buy it.
Moving against ARC Pink Sheet
| 0.6 | VIST | Vista Oil Gas | PairCorr |
| 0.58 | SM | SM Energy | PairCorr |
| 0.54 | DMLP | Dorchester Minerals | PairCorr |
| 0.54 | VTLE | Vital Energy | PairCorr |
| 0.52 | PR | Permian Resources | PairCorr |
| 0.5 | LB | LandBridge Company | PairCorr |
| 0.48 | EP | Empire Petroleum Corp | PairCorr |
| 0.38 | AR | Antero Resources Corp Potential Growth | PairCorr |
| 0.36 | BSM | Black Stone Minerals | PairCorr |
| 0.63 | DEC | Diversified Energy | PairCorr |
| 0.57 | HES | Hess | PairCorr |
| 0.54 | CRK | Comstock Resources | PairCorr |
| 0.5 | EQT | EQT Corporation | PairCorr |
| 0.47 | CRC | California Resources Corp | PairCorr |
| 0.45 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.43 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.43 | EOG | EOG Resources | PairCorr |
| 0.36 | GTE | Gran Tierra Energy | PairCorr |
| 0.33 | COP | ConocoPhillips | PairCorr |
| 0.59 | NOG | Northern Oil Gas | PairCorr |
| 0.53 | TPL | Texas Pacific Land | PairCorr |
| 0.52 | OVV | Ovintiv Sell-off Trend | PairCorr |
| 0.48 | STR | Sitio Royalties Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ARC Pink Sheet performing well and ARC Resources 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 ARC Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRHLF | 0.98 | (0.05) | 0.00 | (0.07) | 0.00 | 1.92 | 5.26 | |||
| CRNCY | 1.25 | (0.21) | 0.00 | (0.22) | 0.00 | 3.49 | 12.77 | |||
| LRDC | 3.93 | 0.29 | 0.00 | (0.08) | 4.63 | 10.26 | 28.84 | |||
| DECPF | 2.37 | 0.07 | 0.01 | 0.24 | 2.85 | 4.50 | 13.94 | |||
| ATHOF | 1.69 | (0.17) | 0.00 | (1.10) | 0.00 | 2.92 | 8.36 | |||
| CDDRF | 1.48 | (0.03) | 0.00 | (1.45) | 0.00 | 3.16 | 10.36 | |||
| TNEYF | 1.83 | 0.09 | 0.00 | 0.52 | 2.31 | 3.81 | 10.79 | |||
| SPGYF | 1.43 | (0.08) | 0.00 | (0.24) | 0.00 | 2.25 | 8.34 | |||
| BIREF | 1.58 | (0.30) | 0.00 | (0.50) | 0.00 | 3.52 | 9.55 | |||
| MEGEF | 1.79 | (0.22) | 0.00 | (0.46) | 0.00 | 3.98 | 10.17 |
ARC Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ARC Resources pink sheet to make a market-neutral strategy. Peer analysis of ARC Resources could also be used in its relative valuation, which is a method of valuing ARC Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ARC Resources Corporate Management
| Dale CFA | Ma Markets | Profile | |
| Lisa BA | VP Corp | Profile | |
| Larissa PEng | Sr Officer | Profile | |
| Armin PEng | VP COO | Profile | |
| BSc PEng | CEO Pres | Profile | |
| Comm BCom | Co Sec | Profile | |
| BMgmt MBA | VP Marketing | Profile |
Still Interested in ARC Resources?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.