Archer Correlations
| ARHVF Stock | USD 2.10 0.00 0.00% |
The current 90-days correlation between Archer Limited and Borr Drilling is -0.1 (i.e., Good diversification). The correlation of Archer 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.
Archer Correlation With Market
Good diversification
The correlation between Archer Limited and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archer Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Archer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Archer 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 Archer - 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 Archer Limited to buy it.
Moving together with Archer Pink Sheet
| 0.86 | BORR | Borr Drilling | PairCorr |
| 0.84 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.64 | EC | Ecopetrol SA ADR | PairCorr |
| 0.61 | PTAIY | Astra International Tbk | PairCorr |
| 0.93 | PIFMF | PT Indofood Sukses | PairCorr |
Moving against Archer Pink Sheet
| 0.72 | YZCFF | Sinopec Oilfield Service | PairCorr |
| 0.56 | PTAIF | PT Astra International | PairCorr |
| 0.49 | HP | Helmerich and Payne | PairCorr |
| 0.48 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.44 | SSNLF | Samsung Electronics | PairCorr |
| 0.9 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.87 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.86 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | LUNR | Intuitive Machines | PairCorr |
| 0.75 | FUND | Sprott Focus Trust | PairCorr |
| 0.74 | INMD | InMode | PairCorr |
| 0.7 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.68 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.64 | BBAI | BigBearai Holdings | PairCorr |
| 0.62 | SOUN | SoundHound AI Upward Rally | PairCorr |
| 0.47 | APLD | Applied Blockchain | PairCorr |
Related Correlations Analysis
| 0.71 | -0.18 | 0.52 | 0.6 | 0.61 | 0.76 | NE | ||
| 0.71 | 0.06 | 0.61 | 0.68 | 0.37 | 0.76 | RIG | ||
| -0.18 | 0.06 | 0.5 | -0.31 | -0.52 | 0.0 | HP | ||
| 0.52 | 0.61 | 0.5 | 0.4 | 0.0 | 0.69 | PTEN | ||
| 0.6 | 0.68 | -0.31 | 0.4 | 0.31 | 0.65 | SOC | ||
| 0.61 | 0.37 | -0.52 | 0.0 | 0.31 | 0.28 | BORR | ||
| 0.76 | 0.76 | 0.0 | 0.69 | 0.65 | 0.28 | PDS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Archer Pink Sheet performing well and Archer 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 Archer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NE | 1.78 | (0.24) | 0.00 | (0.09) | 0.00 | 3.36 | 15.01 | |||
| RIG | 2.42 | (0.15) | 0.00 | (0.09) | 0.00 | 5.19 | 14.43 | |||
| HP | 1.96 | 0.07 | 0.03 | 0.15 | 2.49 | 3.70 | 12.16 | |||
| PTEN | 2.16 | (0.14) | (0.03) | 0.00 | 2.68 | 3.53 | 18.37 | |||
| SOC | 3.81 | (0.07) | 0.00 | 0.06 | 5.74 | 6.52 | 32.69 | |||
| BORR | 2.58 | (0.56) | 0.00 | (0.60) | 0.00 | 4.04 | 12.96 | |||
| PDS | 1.73 | (0.10) | 0.00 | (0.13) | 0.00 | 3.44 | 11.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Archer 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.Did you try this?
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Archer Corporate Management
| Adam Todd | G Counsel | Profile | |
| Joachim Houeland | Co Treasurer | Profile | |
| James Ayers | Sec | Profile | |
| Espen Joranger | Chief Officer | Profile |