Kunlun Energy Correlations
| KLYCY Stock | USD 10.78 1.18 12.29% |
The current 90-days correlation between Kunlun Energy and Eneos Holdings ADR is 0.03 (i.e., Significant diversification). The correlation of Kunlun 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Kunlun Energy Correlation With Market
Average diversification
The correlation between Kunlun Energy Co and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kunlun Energy Co and DJI in the same portfolio, assuming nothing else is changed.
Kunlun |
The ability to find closely correlated positions to Kunlun 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 Kunlun 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 Kunlun 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 Kunlun Energy Co to buy it.
Moving against Kunlun Pink Sheet
| 0.33 | VLO | Valero Energy Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.41 | 0.25 | 0.34 | 0.51 | 0.14 | 0.36 | JXHLY | ||
| 0.41 | 0.77 | 0.53 | 0.78 | 0.6 | 0.87 | DINO | ||
| 0.25 | 0.77 | 0.6 | 0.7 | 0.8 | 0.84 | PBF | ||
| 0.34 | 0.53 | 0.6 | 0.37 | 0.7 | 0.74 | DK | ||
| 0.51 | 0.78 | 0.7 | 0.37 | 0.32 | 0.67 | CVI | ||
| 0.14 | 0.6 | 0.8 | 0.7 | 0.32 | 0.83 | VLO | ||
| 0.36 | 0.87 | 0.84 | 0.74 | 0.67 | 0.83 | MPC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Kunlun Pink Sheet performing well and Kunlun Energy 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 Kunlun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JXHLY | 4.86 | 0.34 | 0.04 | (0.41) | 5.92 | 12.92 | 33.85 | |||
| DINO | 1.53 | (0.42) | 0.00 | (1.36) | 0.00 | 2.16 | 11.79 | |||
| PBF | 1.95 | (0.39) | 0.00 | (0.28) | 0.00 | 3.77 | 15.94 | |||
| DK | 2.10 | (0.31) | 0.00 | (0.18) | 0.00 | 4.46 | 16.10 | |||
| CVI | 2.42 | (0.39) | 0.00 | (0.21) | 0.00 | 3.62 | 28.93 | |||
| VLO | 1.44 | (0.21) | 0.00 | (0.25) | 0.00 | 2.75 | 11.46 | |||
| MPC | 1.33 | (0.33) | 0.00 | (0.51) | 0.00 | 2.51 | 13.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kunlun 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?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
| All Next | Launch Module |
Kunlun Energy Corporate Management
| Xiangzhong Gao | CFO Director | Profile | |
| Bin Fu | Ex Chairman | Profile | |
| Xia Yu | Assistant Officer | Profile | |
| Zhijia Qian | CEO VP | Profile |