PetroChina Correlations
| PCCYF Stock | USD 0.74 0.02 2.78% |
The current 90-days correlation between PetroChina and Equinor ASA is 0.02 (i.e., Significant diversification). The correlation of PetroChina 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.
PetroChina Correlation With Market
Good diversification
The correlation between PetroChina Co Ltd 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 PetroChina Co Ltd and DJI in the same portfolio, assuming nothing else is changed.
PetroChina |
The ability to find closely correlated positions to PetroChina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PetroChina 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 PetroChina - 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 PetroChina Co Ltd to buy it.
Moving together with PetroChina Pink Sheet
| 0.62 | TTE | TotalEnergies SE ADR Sell-off Trend | PairCorr |
| 0.8 | IQ | iQIYI Inc Aggressive Push | PairCorr |
Moving against PetroChina Pink Sheet
| 0.6 | BFLY | Butterfly Network | PairCorr |
| 0.58 | LUNR | Intuitive Machines | PairCorr |
| 0.48 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.41 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.75 | INMD | InMode | PairCorr |
| 0.62 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.62 | OPRA | Opera | PairCorr |
| 0.61 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.6 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.58 | MSTR | MicroStrategy Incorporated Buyout Trend | PairCorr |
| 0.57 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.56 | PLTR | Palantir Technologies Buyout Trend | PairCorr |
| 0.56 | ET | Energy Transfer LP | PairCorr |
| 0.51 | GLBE | Global E Online | PairCorr |
| 0.49 | RUM | Rumble Inc | PairCorr |
| 0.48 | CRS | Carpenter Technology | PairCorr |
| 0.42 | SDIG | Stronghold Digital Mining | PairCorr |
| 0.42 | FUND | Sprott Focus Trust | PairCorr |
| 0.41 | BBAI | BigBearai Holdings | PairCorr |
| 0.39 | SOUN | SoundHound AI Upward Rally | PairCorr |
| 0.34 | PYPL | PayPal Holdings Aggressive Push | 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 PetroChina Pink Sheet performing well and PetroChina 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 PetroChina'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STOHF | 1.96 | (0.01) | (0.03) | (0.20) | 2.61 | 3.94 | 10.01 | |||
| OGFGY | 0.46 | (0.01) | 0.00 | 0.18 | 0.00 | 2.33 | 13.95 | |||
| RYDAF | 2.05 | (0.03) | 0.00 | 0.22 | 0.00 | 5.17 | 12.44 | |||
| E | 0.87 | (0.07) | 0.00 | 0.47 | 0.00 | 1.51 | 4.90 | |||
| EIPAF | 1.29 | (0.05) | 0.00 | 0.23 | 0.00 | 3.86 | 18.87 | |||
| MGYOY | 1.07 | (0.05) | 0.00 | (1.37) | 0.00 | 2.40 | 6.85 | |||
| BPAQF | 1.60 | (0.06) | 0.00 | (0.66) | 0.00 | 3.40 | 10.81 | |||
| TTFNF | 1.44 | (0.28) | 0.00 | 6.27 | 0.00 | 2.66 | 7.83 | |||
| SNPMF | 2.59 | 0.21 | 0.02 | (0.38) | 2.54 | 7.55 | 18.12 | |||
| GLPEY | 1.14 | (0.06) | 0.00 | 0.24 | 0.00 | 1.86 | 7.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PetroChina 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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PetroChina Corporate Management
| Hua Wang | CFO Sec | Profile | |
| Minglu Zhang | Health, Quality | Profile | |
| Chong Xing | Deputy Relations | Profile | |
| Guowen Zhu | VP | Profile | |
| Lixin Ren | Sr Director | Profile |