Japan Petroleum Correlations
| JPTXFDelisted Stock | USD 30.44 0.00 0.00% |
The current 90-days correlation between Japan Petroleum Expl and Spartan Delta Corp is -0.02 (i.e., Good diversification). The correlation of Japan 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.
Japan Petroleum Correlation With Market
Average diversification
The correlation between Japan Petroleum Exploration 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 Japan Petroleum Exploration and DJI in the same portfolio, assuming nothing else is changed.
Japan |
The ability to find closely correlated positions to Japan 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 Japan 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 Japan 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 Japan Petroleum Exploration to buy it.
Moving against Japan OTC Stock
| 0.45 | OXY | Occidental Petroleum | PairCorr |
| 0.45 | PKX | POSCO Holdings | PairCorr |
| 0.42 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.34 | HYMTF | Hyundai Motor | PairCorr |
| 0.32 | KB | KB Financial Group | PairCorr |
| 0.31 | CNQ | Canadian Natural Res | PairCorr |
| 0.44 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.36 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.34 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.32 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.31 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | 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 Japan OTC Stock performing well and Japan Petroleum 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 Japan 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSHIF | 0.95 | (0.23) | 0.00 | (1.26) | 0.00 | 2.78 | 9.03 | |||
| SDTTU | 2.50 | 0.33 | 0.00 | 1.43 | 0.00 | 3.64 | 111.67 | |||
| IPXHY | 1.23 | (0.04) | 0.00 | 0.41 | 0.00 | 2.66 | 7.04 | |||
| CNNEF | 2.24 | 0.03 | 0.03 | 0.11 | 2.04 | 5.17 | 18.22 | |||
| BATL | 4.54 | 0.92 | 0.09 | 0.96 | 7.31 | 2.37 | 173.70 | |||
| PRPRF | 7.08 | 0.37 | 0.02 | 0.80 | 9.05 | 24.62 | 82.10 | |||
| VLERF | 2.91 | 0.64 | 0.17 | (4.48) | 2.75 | 6.33 | 21.04 | |||
| GUKYF | 2.27 | 0.42 | 0.09 | (6.09) | 2.17 | 6.04 | 27.76 | |||
| VELXF | 5.94 | (1.32) | 0.00 | (6.04) | 0.00 | 19.17 | 66.72 |
Japan Petroleum 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 Japan Petroleum otc stock to make a market-neutral strategy. Peer analysis of Japan Petroleum could also be used in its relative valuation, which is a method of valuing Japan Petroleum by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Japan Petroleum Corporate Management
Elected by the shareholders, the Japan Petroleum's board of directors comprises two types of representatives: Japan Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Japan. The board's role is to monitor Japan Petroleum's management team and ensure that shareholders' interests are well served. Japan 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, Japan Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yoshitaka Ishii | Executive Officer, Manager of Nagaoka Mining Center in Main Domestic Business Unit | Profile | |
| Tadashi Matsunaga | Managing Officer | Profile | |
| Minoru Kuniyasu | Managing Officer | Profile | |
| Michiro Yamashita | Executive Officer | Profile | |
| Tsunetane Nakamura | Managing Officer | Profile |
Still Interested in Japan Petroleum Exploration?
Investing in delisted otcs can be risky, as the otc stock 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.