Peninsula Energy Correlations

PENMF Stock

USD 0.78 0.08 11.43%

The current 90-days correlation between Peninsula Energy and Elevate Uranium is -0.01 (i.e., Good diversification). The correlation of Peninsula 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.

Peninsula Energy Correlation With Market

Good diversification

The correlation between Peninsula Energy and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peninsula Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Peninsula 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 Peninsula 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 Peninsula 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 Peninsula Energy to buy it.

Moving together with Peninsula OTC Stock

0.64	CCJ	Cameco Corp	Pair Corr
0.69	NXE	NexGen Energy	Pair Corr
0.66	AAPL	Apple Inc Aggressive Push	Pair Corr
0.67	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.68	BMYMP	Bristol Myers Squibb	Pair Corr
0.75	COIN	Coinbase Global	Pair Corr
0.7	VST	Vistra Energy Corp	Pair Corr
0.73	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	KULR	KULR Technology Group	Pair Corr
0.8	CRS	Carpenter Technology	Pair Corr
0.86	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.8	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.94	GLBE	Global E Online	Pair Corr
0.81	MSTR	MicroStrategy Incorporated Aggressive Push	Pair Corr
0.81	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.82	BBAI	BigBearai Holdings	Pair Corr
0.63	ORCL	Oracle	Pair Corr
0.76	RUM	Rumble Inc Tech Boost	Pair Corr
0.92	ET	Energy Transfer LP	Pair Corr
0.68	KTB	Kontoor Brands	Pair Corr
0.69	FUND	Sprott Focus Trust	Pair Corr
0.77	MTLS	Materialise NV Tech Boost	Pair Corr

Moving against Peninsula OTC Stock

0.66	PALAF	Paladin Energy	Pair Corr
0.31	YLLXF	Yellow Cake plc	Pair Corr
0.39	IQ	iQIYI Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DYLLF	BSENF	PALAF	ELVUF	GVXXF	BNNLF	AZURF	AUEEF	PTUUF	APAAF
DYLLF		0.47	0.88	0.87	0.79	0.92	0.4	0.49	0.19	0.53	DYLLF
BSENF	0.47		0.71	0.58	0.43	0.28	0.31	0.25	0.03	0.39	BSENF
PALAF	0.88	0.71		0.89	0.78	0.76	0.38	0.57	0.06	0.49	PALAF
ELVUF	0.87	0.58	0.89		0.8	0.77	0.38	0.49	0.11	0.53	ELVUF
GVXXF	0.79	0.43	0.78	0.8		0.76	0.31	0.45	0.16	0.29	GVXXF
BNNLF	0.92	0.28	0.76	0.77	0.76		0.44	0.47	0.23	0.44	BNNLF
AZURF	0.4	0.31	0.38	0.38	0.31	0.44		0.19	0.35	0.37	AZURF
AUEEF	0.49	0.25	0.57	0.49	0.45	0.47	0.19		-0.12	0.21	AUEEF
PTUUF	0.19	0.03	0.06	0.11	0.16	0.23	0.35	-0.12		0.13	PTUUF
APAAF	0.53	0.39	0.49	0.53	0.29	0.44	0.37	0.21	0.13		APAAF
	DYLLF	BSENF	PALAF	ELVUF	GVXXF	BNNLF	AZURF	AUEEF	PTUUF	APAAF

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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

BNNLF	+ 0.92	DYLLF
ELVUF	+ 0.89	PALAF
PALAF	+ 0.88	DYLLF
ELVUF	+ 0.87	DYLLF
GVXXF	+ 0.8	ELVUF
GVXXF	+ 0.79	DYLLF

High negative correlations

PTUUF

- 0.12

AUEEF

Risk-Adjusted Indicators

There is a big difference between Peninsula OTC Stock performing well and Peninsula 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 Peninsula 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
DYLLF	2.59	0.18	0.05	0.28	2.79	(3.37)	6.25	(4.81)	17.77
BSENF	4.95	(0.20)	0.00	(0.09)	0.00	0.00	11.76	(11.22)	36.36
PALAF	3.29	(0.14)	0.00	(0.11)	0.00	0.00	7.05	(6.20)	37.77
ELVUF	5.51	0.05	0.02	0.14	6.28	(9.35)	11.54	(10.71)	52.86
GVXXF	7.09	0.84	0.06	(1.10)	8.87	(9.12)	16.00	(12.00)	114.51
BNNLF	3.06	0.46	0.12	1.37	2.83	(3.76)	8.40	(4.41)	19.20
AZURF	8.14	0.52	0.02	(0.22)	9.00	(11.54)	28.40	(15.93)	69.83
AUEEF	6.53	0.94	0.04	1.36	8.58	(20.63)	20.00	(24.17)	110.75
PTUUF	5.68	0.66	0.07	2.92	5.72	(8.85)	11.76	(10.53)	27.19
APAAF	6.55	0.96	0.08	(1.01)	7.40	(7.84)	22.74	(12.50)	48.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Peninsula 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.

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