Calima Energy Correlations
| CLMEF Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between Calima Energy Limited and MV Oil Trust is 0.11 (i.e., Average diversification). The correlation of Calima 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.
Calima Energy Correlation With Market
Significant diversification
The correlation between Calima Energy Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calima Energy Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Calima 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 Calima 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 Calima 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 Calima Energy Limited to buy it.
Moving together with Calima OTC Stock
| 0.83 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.72 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
Moving against Calima OTC Stock
| 0.78 | EPGG | Empire Global Gaming | PairCorr |
| 0.65 | TPDDF | Talon Energy | PairCorr |
| 0.5 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.39 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.37 | GBHPF | Global Hemp Group | PairCorr |
| 0.32 | PXD | Pioneer Natural Resources | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.64 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.46 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Calima OTC Stock performing well and Calima Energy OTC Stock 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 Calima 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNX | 1.63 | 0.48 | 0.24 | 0.66 | 1.40 | 4.48 | 9.84 | |||
| MVO | 1.09 | (0.03) | 0.00 | 0.82 | 0.00 | 2.69 | 7.24 | |||
| SJT | 2.22 | 0.36 | 0.17 | 0.57 | 1.70 | 5.88 | 10.70 | |||
| VOC | 1.54 | 0.03 | (0.03) | 0.23 | 2.32 | 2.78 | 11.00 | |||
| CRK | 2.28 | 0.48 | 0.21 | 0.44 | 2.00 | 6.81 | 13.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Calima 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.Did you try this?
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Calima Energy Corporate Management
Elected by the shareholders, the Calima Energy's board of directors comprises two types of representatives: Calima Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Calima. The board's role is to monitor Calima Energy's management team and ensure that shareholders' interests are well served. Calima Energy'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, Calima Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jerry Lam | Chief Officer | Profile | |
| Ron Nelmes | Financial Controller | Profile | |
| Jordan Kevol | President, MD | Profile | |
| Justin BSc | Consultant | Profile | |
| Richard Higgins | Consultant | Profile | |
| Glenn BEcon | Ex Chairman | Profile | |
| Mark Freeman | F Sec | Profile |